Edmunds Review 2024: How Edmunds Can Help You Sell Your Car?

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How Does Edmunds Work?

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Edmunds Inc is one of the leading online car purchasing and selling solutions and a bright star in the automotive industry. 

Edmunds allows you to;

• Submit an Online Application: You can do this by providing a few details about your car, including its License plate, VIN, year, make, mileage, and condition.
• Get Your Cash Offer: Once you submit your application, you’ll receive a seven-day instant cash offer. If you think the price is fair, you can accept it within seven days. 
• Get Paid: If you decide to accept the offer, you’ll need to bring your vehicle to the Edmunds outlet in your area and get paid in cash.

The Edmunds agent will do a quick inspection to see if everything checks the information provided in your application. 

After the inspection is over, they’ll hand you the check, and you’re free to go home.

https://www.youtube.com/watch?v=Kn9nsF7XbUI

How Much Can You Get for Your Car With Edmunds?

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Edmunds has a set of tools and calculators that you can use to calculate the true market value of cars. So, depending on your car’s make, model, and condition, you can expect to make between $1K to $50K.

Who is Edmunds Best for?

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Edmunds is designed for individuals who want to sell their new or used cars and for users who want to search for new and used car listings by local dealers.

What Types of Vehicles Does Edmunds Purchase?

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Edmunds purchases new and used cars, including popular brands such as;

• Acura
• Chevrolet
• GMC
• Jeep
• Mazda
• Subaru
• Audi
• Dodge
• Honda
• Kia
• Mercedes-
• Benz
• Toyota
• BMW
• Ford
• Hyundai
• Lexus
• Nissan
• Volkswagen

How Fast Can You Sell Your Car With Edmunds?

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Provided the information about your car is accurate, you can sell it within one day. However, the offer will be valid for seven days, during which you can either accept or reject it.

Edmunds Fees: How Much Does it Cost to Use Edmunds?

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Whether you’re selling your car to Edmunds or just using the Edmunds appraisal tool to sell your car privately, it won’t charge you any fees.

Edmunds Payment Options

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Once you accept the offer, Edmunds can either pay you in cash or deposit money directly to your bank account.

Edmunds Reviews: is Edmunds Legit?

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Edmunds is a legitimate site that lets individuals buy or sell their cars. Apart from Sitejabber, which is rated 1.4, the site has yet to be reviewed by other independent review platforms.  Most positive reviews described it as a good platform that allowed them to sell their cars smoothly. 

Others also praised its customer support, describing it as reliable. Unfortunately, some users argued that Edmunds does not allow negotiations. 

Website	Rating
Sitejabber	1.4

What Are the Edmunds Pros & Cons?

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Edmunds Pros

• Edmunds offers instant cash offers and will buy a car directly from you
• The Edmunds’ free car appraisal tool provides accurate pricing of your car
• Edmunds offers free resources and tips to help you sell your car privately
• Used for new and old cars

Edmunds Cons

• Edmunds does not provide room for negotiations
• The valuation shows prices that are less than the actual value of your used car

How Good is Edmunds Support?

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Edmunds has comprehensive customer support, including frequently asked questions and pages covering topics on how to buy and sell vehicles. If you have any questions or need assistance, you can contact them via dealersupport@edmunds.com.

Edmunds Review Verdict: is It Worth Selling Car with Edmunds?

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Edmunds has operated successfully since 1997 and continues to thrive in the growing digital automotive industry. Edmunds covers a wide range of leading car brands like Audi, Ford, Volkswagen, Mercedes, Hyundai, and many more. 

When it comes to selling your car, Edmunds offers you 2 options. You can either sell your car to Edmunds directly or use Edmunds’ free car valuation tool to understand a fair price for it and sell your car privately.

Once you accept the offer, you can sell your car within one day. Either way, Edmunds doesn’t charge you any fees. 

Plus, if you decide to sell your car privately, Edmunds’ printable dealership certificate will enable you to let your customer take test drives and save money on the Manufacturer’s Suggested Retail Price. 

Taking all these valuable features into account, we can say Edmunds is worth it all.

How to Appraise Your Car With Edmunds?

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When selling your car, it is essential to know its current market value. Edmunds’ appraisal tool helps you determine the appropriate price for your car.

1. From the Edmunds website or app, choose the car appraisal option
2. Enter the VIN, license plate details, or year, make and model of your car to get an estimated price of your vehicle
3. Fill in the Edmunds questionnaire about the car’s color, mileage, depreciation costs, and other mechanical features to get the accurate value of your car
4. Enter the dealer retail value
5. Based on the data you provided, Edmunds will calculate the appraisal value of your car

However, you need to know which brands Edmunds provides appraisal values for. Generally, luxury brands like Cadillac, Ford, Audi, Aston Martin, Lexus, and Mercedes Benz are included in the appraisal list. You can also get appraisal values for any car manufactured after 1990.

Selling Your Car Privately With the Help of Edmunds

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Selling your car to Edmunds isn’t the only option you have. In fact, you can use Edmunds’s free appraisal tool to sell your car privately. Let’s go through the process of selling a car privately and how to use Edmunds calculator to get the most out of your car.

Step 1: Find the Worth of Your Used Car

• With Edmunds appraisal tool, you can calculate the private-party value of your used car.
• To evaluate your car’s worth, you need to enter the details of its condition, color, mileage, location, and VIN.
• You also get instant trade-in offers with Edmunds appraisal.

Step 2: Survey Other Websites

• Compare the car prices and values from other competitor sites, such as KBB, before listing your car.
• Use the Edmunds car trading guide to understand the market thoroughly.
• While checking car values, consider your car type—is it an SUV, family sedan, sports car, truck, or mini? Different cars have different market values and demands.
• The prices vary based on private-party dealing, through dealer retail, or through trade-in.

Step 3: Price Your Used Car

• Ask for a little more price than the actual to keep a window open for bargaining.
• If your car is worth $13,000, set a price of $14,500 and leave a window for the buyer to negotiate.
• Avail of the trade-in offer that is appropriate for a seven days dealership participation.
• Redeem the offer while setting the price of your car.

Step 4: Prepare Your Used Car for Selling

• No matter how old your vehicle is, make sure it looks properly maintained.
• Get the scratches and dents repaired and have a mechanical check-up.
• Make sure all the parts work perfectly.
• Collect your vehicle history report from CarFax and show the customer.

Step 5: Advertise Your Car

• Use Edmunds to advertise your used vehicle.
• List your car in the trade-in section or in the private-party selling section.
• Use social media and classified sections of the car-selling websites.

Step 6: Schedule a Test Drive

• A potential buyer would want to have a test drive. Make sure to schedule a road test.
• Edmunds Long-Term Road Test lets you know about current fleets of trucks and cars. Gather necessary safety guides.
• To keep yourself as safe as possible, avoid meeting at home or studying your buyer thoroughly before scheduling a test drive.

Step 7: Finalize the Deal 

• Be careful about fraud and scams and accept the payment in cash only.
• Schedule the transaction at a bank under the official’s supervision.
• Make sure you deal with any paperwork required to transfer the vehicle’s ownership. The legal requirements are available at your local DMV (Department of Motor Vehicles).

Edmunds FAQs

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What is Edmunds?

Based in Santa Monica, California, Edmunds started its journey as an automotive data publishing company back in 1966. And in 1997, the company started its journey to transform into a digital brand.

Since its inception, Edmunds has provided information on selling and buying cars and getting the best deals. It offers tips, features, and pricing guidelines and helps you find the right automobile dealers. 

With Edmunds, you can successfully purchase a new car or a used car with values or sell your existing vehicle. Edmunds has a comprehensive database and inventory of authorized dealers and individual car sellers in and around California.

Is Edmunds free?

Edmunds is free to sign up and use.

Can you trust Edmunds?

Edmunds maintains an excellent reputation as the best place to trade your car and offers many resources for helping sellers sell their vehicles.

Does Edmunds buy vehicle parts?

Edmunds does not sell or buy vehicle parts or accessories.

Is Edmunds legitimate?

Edmunds is a legitimate website that allows users to buy and sell their cars.

What is Edmunds price promise?

Edmunds price promise is a feature that allows users to instantly receive the dealer’s guaranteed price for a car by simply providing their name, phone number, and email address.