Another fintech has been quietly growing in the mortgage space, looking to solve the age-old “buy before you sell” conundrum.
A major challenge for prospective move-up buyers these days is unloading their old property while securing a new residence.
Exacerbating the issue is a continued lack of for-sale inventory, coupled with waning affordability thanks to high home prices and mortgage rates.
This can make it difficult to float two mortgage payments while finding a buyer for their old home.
Enter Calque, which partners with local mortgage lenders to ensure the home loan piece is solved.
Calque’s Trade-In Mortgage
The Austin, Texas-based company actually offers two products to make it easier to buy and sell a home at the same time.
Their so-called “Trade-In Mortgage” allows home sellers to gain access to their home equity ahead of time without needing to sell first.
This second mortgage acts as a bridge loan, freeing up liquidity so you can make a stronger offer.
And it comes with a guaranteed back-up offer where Calque will buy your old home, allowing you to submit cash-like offers.
This gives buyers increased purchasing power in a number of different ways, whether it’s an increased down payment, larger cash reserves, or the ability to pay off other high-cost debt.
It can also make the buyer more competitive in a housing market that continues to be plagued by low inventory.
If you find yourself in a bidding war, coming in with a larger down payment can help you win the property over other bidders.
Even if competition isn’t strong, a larger down payment may allow you to make a low-bid offer, as the seller will favor an offer with more money down.
In addition, you can offset the cost of a higher mortgage rate on the replacement property by putting more money down.
A few months back, a friend of mine sold his old home with a super cheap mortgage and used the sales proceeds to pay down the new high-rate mortgage.
While this was a good solution to cut down on his interest expense, it didn’t lower his mortgage payments, which still amortize normally despite the extra payment.
This means he’ll either need to request a loan recast to lower future payments, or he’ll need to wait for a good opportunity to apply for a rate and term refinance.
The Trade-In Mortgage allows you to apply a larger payment on the new home upfront before you sell your old one.
As a result, you won’t necessarily need to refinance or complete a recast since lower monthly payments will be reflected by the smaller loan amount.
You may even be able to get a lower mortgage rate thanks to a lower loan-to-value ratio (LTV), and/or avoid private mortgage insurance (PMI) in the process.
And you can use some of the money from the bridge loan to fix up your old home so it sells for a better price!
Calque’s Contingency Buster
Recently, Calque rolled out a “lighter” buy before you sell option known as “Contingency Buster.”
It allows home buyers to achieve the same basic result without taking out a second mortgage.
In the process, they can make offers without home sale contingencies and exclude the old mortgage payment from their DTI ratio.
As long as your lender is approved to work with Calque, you can make a non-contingent offer on a new home while not worrying about having to qualify for two mortgages.
It’s hard enough to afford one mortgage, so attempting to float two at the moment is likely a deal-breaker for most.
Like the Trade-In Mortgage, Contingency Buster leverages the company’s Purchase Price Guarantee (PPG).
It’s a binding backup offer put in place that will only be employed if your current home doesn’t sell within 150 days.
The agreed-upon price will likely be below-market, with the sample calculator on their website displaying 70% or 80% of estimated value offer.
So obviously you’d still want to sell your home on the open market to a buyer other than Calque.
How Much Does Calque Cost?
There are three possible fees depending on which program you choose.
This includes a $2,000 flat fee paid to Calque, along with 1% of the Purchase Price Guarantee amount.
For example, if they offer to buy your old home for $600,000, it’d be $6,000 + $2,000, or $8,000 total, taken from your sales proceeds.
If you needed the bridge loan to access your equity ahead of time via the Trade-In Mortgage program, there’s also a $550 flat fee. And the interest rate is apparently 8.5% on that loan.
So you’d be paying some interest until you closed on the new home and were able to pay off the bridge loan with the proceeds.
Those simply using the Contingency Buster would only owe the $2,000 plus 1% of the offer price. This seems to be the case whether they sell the property on the open market or not.
Is This a Good Offer?
Whenever I come across programs like this, I try to determine if they’re a good deal or not.
Ultimately, many prospective home buyers can’t buy a new home without it being contingent on the sale of their old home.
It’s just impossible for a lot of folks to carry two mortgages from a qualification standpoint.
Even if they could, there’s also the uncertainty of the old home being stuck on the market and continuing to carry that cost.
So from that perspective, this alleviates those problems and concerns. But as noted, there are costs involved with the program.
And the biggest potential cost is selling your home for just 70% or 80% of its value. While the other fees are reasonable sounding, selling for a 20-30% haircut isn’t great.
In other words, Calque could be beneficial, but you’d still want to sell your old home to a third-party buyer for top dollar (or as close to it as possible).
Otherwise you could be leaving a ton of money on the table. And it kind of defeats the purpose of using the program to begin with.
For me, this means understanding upfront how easy it’d be to sell your current home and at what price to avoid any unwanted surprises.
Lastly, you’d need to use a mortgage lender who is approved to work with Calque. So you’ll also need to ensure this lender is competent and well-priced!
Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
The best place to buy a used car — whether it’s a traditional car dealership, used-car website or private seller — depends on your priorities and needs. When you know the various options for buying a used car, along with the advantages and disadvantages of each, it can help you target those that are best for you.
Buying from a traditional used car dealership
If you want to browse a selection of used cars in person, take a test drive and negotiate price, a traditional car dealership may be a good option for you. You can get financing on site, although it’s always best to come with a preapproved auto loan for comparison. Also, the dealership will handle most of the paperwork for you.
On the downside, you can expect higher prices than you’ll find at other places and possible sales pressure from employees driven by quotas and commissions.
Before you visit a dealership, browse their online auto listings and read customer reviews. Also, be aware that different types of used-car dealerships exist, and one may be a better fit for you than another. Here’s a brief rundown:
Franchise dealerships
Franchise dealerships are affiliated with certain car manufacturers, and they sell both new and used vehicles. New cars in their inventory are limited to makes and models of the affiliated car maker, but used cars could be different brands, usually obtained from customer trade-ins. Franchise dealerships also sell certified pre-owned cars (CPO cars), which are used cars of that dealership’s brand. CPO cars have been inspected, reconditioned with factory parts and typically come with the best warranties, so they’re considered to be among the most reliable used cars.
If you have a specific make and model in mind, you’re likely to find a better selection at a franchise dealership.
Franchise dealerships with CPO cars are an opportunity to buy a used car in like-new condition.
This type of dealership usually has a larger network of lending partners to help you find a competitive rate on an auto loan.
If you’re looking for a range of makes and models, the used-car lot at a franchise dealership is less likely to offer that.
Franchise dealers often have the expense of bigger showrooms and employee teams, which can result in higher car prices.
If you buy a CPO car, expect it to have a higher price tag than a non-certified pre-owned car.
Independent dealerships
Independent dealerships aren’t affiliated with a certain car manufacturer and are usually owned and operated locally. They can be a single location on a corner lot or a full-sized dealership with multiple locations around town.
Independent dealerships have a mix of makes and models, since they aren’t affiliated with a specific car manufacturer.
Independent dealers usually don’t have as much overhead, so they’re able to sell used cars for less.
Smaller independent dealerships may have limited inventory.
Independent dealerships often have fewer financing connections and options, so you may be offered a higher loan rate than you could get elsewhere.
National used car dealerships
National dealerships have many locations across multiple states. They have a big online presence, with car listings searchable by area and an ability to handle the sales process remotely.
One national car dealer is AutoNation, which has more than 300 locations in 20 states and more than 18,000 used vehicles, including CPO cars, listed for sale online. Another is CarMax with 200-plus stores nationwide and an inventory of more than 45,000 cars listed online. If you aren’t near a national dealer’s location, you can pay to have the car you buy shipped to your home.
National dealerships, compared to other types of dealerships, have the largest inventories and variety of makes and models.
You can easily search their website listings and manage the entire buying process online.
National dealerships usually have no-haggle pricing.
Cars purchased from national chains often come with a limited money-back guarantee and warranty. For example, CarMax allows you to return a car within 10 days of its purchase, and cars come with 90-day or 4,000-mile warranty.
If the car you find is located across the country, test driving can be difficult. You might be able to pay to have the vehicle sent to a nearby location for a test drive, with no obligation to buy.
If you prefer negotiating on price, that isn’t likely to be an option.
Money-back guarantees may not apply for cars delivered to customers out of state, so check the fine print.
Car rental agencies
Car rental companies update their fleet of vehicles every year or two, and many of those cars are sold by their sales divisions. Rental companies have a limited number of used-car dealerships, with available cars also listed on their websites.
Used rental cars usually sell for competitive prices.
Rental cars have a strict maintenance schedule, which isn’t always the case for other used cars.
Rental cars are often sold with an extended warranty.
Rental cars may have higher mileage or more wear and tear than other used cars.
Inventory for used rental cars is limited, and you may not be able to find a specific make and model.
Buying from online-only used-car websites
Many car-buying websites are operated by companies that don’t have their own car lots or showrooms. These sites differ in how they operate and obtain vehicles, so the best websites to buy used cars won’t be the same for everyone. Here are a few examples:
Online-only used car retailers
Online auto retailers, like Carvana, operate much like a dealership but without traditional dealer locations. They have their own inventory to sell, and they may list cars from dealership partners.
Online car retailers have a large inventory and variety of makes and models.
The retailer can handle all or most of the car-buying process for you, including financing and title transfer/registration if allowed in your state.
Cars purchased from online retailers usually come with a limited money-back guarantee and warranty. For example, Carvana provides a seven-day money-back guarantee (with a limit of 400 miles) and a warranty covering 100 days or 4,189 miles.
Prices aren’t typically negotiable, so you can avoid the stress of haggling.
You may have to pay to have a car shipped or delivered to your home or other agreed location.
You probably won’t be able to test drive a car until it’s delivered.
If you like to negotiate on price, that may not be an option.
Online auto marketplaces
Websites like Autotrader and Cars.com aggregate listings for used cars from dealerships and private sellers. Online aggregators may include listings from sites like CarMax and Carvana.
Auto marketplaces provide an easy way to view cars for sale without having to visit multiple websites.
Because they pull listings from many sources, these sites can have millions of listings from across the country.
Aggregator sites enable you to connect directly with a seller to ask questions or set up a test drive. An identity check is done for private sellers.
Since you’re not purchasing from the aggregator, many details — like whether you can negotiate or receive a warranty — will depend on the seller.
If the car you find isn’t located nearby, it may be difficult to test drive it.
You may have to pay to have a car shipped or delivered to you.
Buying a car from a private seller
Also commonly referred to as a private-party sale, individual car owners are another source for buying a used car. “Cars for sale by owner” can be found through websites like Facebook Marketplace and Craigslist.
Negotiating with a private-party seller may be easier than negotiating with a trained salesperson at a dealership.
If you’re looking for an exact make and model, you may be able to cast a wide net online and find it for sale by owner.
Private sellers won’t push expensive add-ons, like paint protection packages.
Since you’ll be responsible for paperwork typically handled by a dealership, buying from a private party is more time-consuming.
You’ll need to be cautious to avoid potential scammers.
Your car won’t have warranty coverage, unless it’s still covered under the original manufacturer’s warranty.
Auto auctions are another place to buy a used car
Auto-auction businesses provide many used cars to dealerships that then resell them, but some auctions are public so anyone can participate. Auctions may be in person, online or a combination of both.
Buying a used car at an auction can be a way to get a good deal.
Auctions usually have a wide variety of used cars.
If the auction is nearby, you should be able to inspect the car before bidding.
Fast-paced bidding can run prices up and cause you to overspend.
Auctions usually sell cars “as-is,” so you have no recourse if the car is defective and in need of costly repairs.
You typically can’t test drive the vehicle before buying it.
How to find the best place to buy a used car
Ultimately, the best place to buy a used car is wherever you can find the best deal on a reliable vehicle. You can improve your chance of doing that if you follow these basic tips before buying a used car:
Look at the car’s vehicle history report, such as Carfax or AutoCheck, for information about the car’s past, such as major accidents, maintenance and title information. Most dealerships offer buyers a free vehicle history report, but you may have to pay for one yourself if you buy from an individual.
Enter the car’s vehicle identification number (VIN) on the National Highway Traffic Safety Administration website to find its recall history and see if any problems still need to be addressed.
Research the car’s current market value using online pricing guides like Kelley Blue Book or the National Automobile Dealers Association to ensure it’s listed at a fair price. If you’ll be trading in a car, research the trade-in amount you should expect too.
Test drive the car to see how it accelerates, handles and drives. Driving a car can alert you to potential problems that might not be evident any other way. Test driving is important, so if it isn’t an option at all — for example, if you buy at an auto auction — it could be a reason not to buy a car that way.
Get the car inspected by an independent mechanic that you trust. Used car inspections cost several hundred dollars, but they can prevent you from later paying thousands of dollars for car repairs. Note that CPO cars receive thorough inspections, so it isn’t necessary to have a separate one. Also, if you have a car shipped to you, make sure to have it inspected and test drive it before any money-back guarantee expires.
Looking for the best Amazon hacks to save money? If you’re like me, you’re always looking for ways to save a little extra cash, especially when shopping on Amazon. Sure, Amazon already has great prices, but what if I told you there are even more ways to cut down your costs? Over the years, I’ve…
Looking for the best Amazon hacks to save money?
If you’re like me, you’re always looking for ways to save a little extra cash, especially when shopping on Amazon. Sure, Amazon already has great prices, but what if I told you there are even more ways to cut down your costs?
Over the years, I’ve found so many helpful tips and tricks that I couldn’t wait to share them with you.
Whether you’re a frequent shopper or just looking to make the most of your Prime membership, these 15 Amazon hacks will help you save money you didn’t even know you could! From using price-tracking tools to earning free gift cards, this list covers everything you need to know to save money.
Recommended reading: 7 Ways To Get Paid For Amazon Reviews
15 Best Amazon Hacks To Save Money
Below is what you need to know about the best Amazon hacks to save money.
1. Use coupons
Amazon often offers promo codes for thousands of products, and sometimes they’re automatically applied at checkout.
To find coupons and deals, go to Amazon’s homepage, “Today’s Deals” or search “Amazon coupons” in the search bar. Doing this will show you a list of the best deals on Amazon for the day which can include items like cosmetics, household supplies, electronics, and almost anything else you can think of.
Some items are reduced automatically, while others make you clip a coupon on the item’s link to get the savings. When you’re ready to check out, make sure the coupon has been clipped and added to your order summary.
Occasionally, the app will have exclusive coupons and discounts, so it’s worth it to have the app if you shop on Amazon a lot.
2. Use price tracking tools
Tools, like Capital One Shopping, can help you find the best deals by tracking price drops. This comes in handy for Amazon products since the prices change so often. For example, a lot of people were finding that Amazon Prime Day items were actually more expensive than before Prime Day.
Other popular price-match tools are Honey and Camelcamelcamel.
To make things more convenient for you (and so you don’t forget to use these price-matching tools), I recommend installing a browser extension on your computer. These extensions make it easy to check any item you’re looking at on Amazon instantly.
You can also set up price drop alerts that will notify you when a price drops to your target price.
Recommended reading: Capital One Shopping Review: Is It Worth It?
3. Choose free shipping for bundling your order
There are ways to never pay Amazon shipping, and here are just a few.
Amazon gives free shipping on orders that meet certain criteria. For non-Prime members, you need to meet a minimum purchase of $35.
Add multiple items to your cart to reach the free shipping threshold.
Keep an eye on promotions that give free shipping on lower threshold amounts.
If you don’t have anything to buy on Amazon to reach free shipping, maybe think about buying household supplies to increase your total (because you always need them anyway).
Thanks to the above tips, I never pay for shipping on Amazon.
4. Choose No-Rush Delivery for free credits
Amazon has a special offer for users called “No-Rush Delivery” where they’ll give you free credits.
Instead of getting your product in two days or less, you’ll get your items a few days later. You can choose this item during checkout.
These credits can be used towards digital content (eBooks, music, movies). The reward credit is usually between $1-$5.
5. Use a cashback credit card
Credit cards are a fantastic way to get cash back and make money back from your purchase.
I use an Amazon Chase card that gives me 5% cash back on all purchases that I make at Amazon as an Amazon Prime member. Nonmembers get 3% cash back on all purchases made on Amazon.
This can add up to hundreds of dollars over the year.
6. Subscribe and Save
Amazon’s Subscribe and Save is a handy way to save money on items you regularly buy on Amazon like cleaning supplies (such as paper towels and toilet paper), cosmetics, groceries and food, vitamins, baby items (like diapers), and so much more. This also includes free shipping and a discount.
For example, if you buy 5 or more subscribe & save products, you can save up to 15% on your order.
Here’s a screenshot showing proof that my sister earned money by playing games on Freecash!
7. Find ways to get free Amazon gift cards
Yes, you can get free Amazon gift cards by filling out surveys.
This isn’t a fast way to make extra money, but it’s something you can easily do on your couch or when you’re trying to pass the time.
Here’s a list of the best survey sites:
American Consumer Opinion
Survey Junkie
Swagbucks
InboxDollars
Branded Surveys
Prime Opinion
Five Surveys
You can also earn free Amazon gift cards by playing games on your phone. My sister recently earned $300 in free Amazon gift cards by playing Bingo on the Freecash app. She made this much in just one week!
Recommended reading: 20 Best Survey Sites To Make $100+ Per Month
8. Become an Amazon Vine reviewer
Did you know that you can get hundreds of free products, worth thousands of dollars every year from the Amazon Vine Program?
This program is easy to join and gives you access to thousands of items you can use or gift to friends and family. The Vine program lets you request up to 8 items per day, so you can find all sorts of things you need or totally random items for starting a new hobby.
You may be eligible to be an Amazon Vine Voice Reviewer if:
You have written consistent reviews of your previous Amazon purchases
Your reviews are considered ‘helpful’ to other customers
Your reviews are honest and trustworthy
Recommended reading: How I Received $4,500 in Free Amazon Products by Writing Reviews
9. Get a free trial of Amazon Prime Student
If you’re a student and enrolled in a college or university, you can probably get a free trial or reduced subscription rate on Amazon Prime. Amazon Prime benefits are awesome because you usually get lower prices and free 2-day shipping.
This can make your Amazon Prime account as low as free or around $7 a month (after the 6-month trial period), so this is definitely one of the best Amazon hacks to save money on a Prime membership.
To qualify for an Amazon Prime Student account, you need to have an active .edu email address to sign up for your Prime membership. Amazon will send a verification email to your school email address. This is how Amazon confirms that you’re a student.
You can sign up for an Amazon Prime Student account by clicking here.
10. Shop with credit card points
With certain credit cards, you can automatically apply your points to your Amazon purchase.
For example, I have an Amazon Chase credit card that makes it really easy to use points when I’m checking out on Amazon.
When I’m at the checkout page on Amazon, the payment area includes a section where I can use my Amazon cash-back points on Amazon purchases.
11. Trade in electronics you no longer need
Amazon has a trade-in program that helps you turn your old and unwanted electronics into money.
To do this, just go to the Amazon Trade-In page and tell Amazon about the device you want to trade in. If the electronic is eligible for a trade-in, Amazon will either give you an Amazon gift card or a 20% off coupon, or sometimes both.
You’ll then ship your electronics via UPS for free or drop your old devices off at an approved trade-in location within 45 days. This is a great option for people who like to get the latest tech gadgets or want to declutter.
12. Shop Amazon Outlet
Amazon Outlet is a section on Amazon that features Amazon warehouse and overstock items that are on discount. This section features discounted items across all categories including:
Electronics
Home goods
Clothing
Cosmetics
and more
Use the filter and sort items to narrow down your search to make the shopping process less overwhelming. Also, make sure to check customer reviews and check product descriptions to make sure the item is of good quality.
13. Look for free Audible books
If you’re a fan of audiobooks, Audible usually has promotions offering free audiobooks and free trials. As of this writing, Audible has a 3-month offer for only .99 cents, then $14.99 each month after.
Audible includes:
Premium members get credits that can be used for any titles in their premium selection
Access to exclusive member sales and discounts on all additional purchases
All members can listen to thousands of included audiobooks, podcasts, originals, and more in the Plus Catalog (as much as you want, no limit)
You can find free Audible books by clicking here.
14. Look for Amazon lightning deals
Amazon has lightning deals that are time-sensitive and limited in quantity across different categories.
On the Deals page, look out for the lightning deal badge next to products. Here you’ll see how long the deal lasts or how much of the item is left.
You can also filter deals by category to help you narrow down items. This makes it easier to find items you’re interested in. If an item you’re interested in is 100% claimed, get on the waitlist. If someone doesn’t complete their purchase, you’ll get a notification. You’ll have a short window of time to complete the purchase before the item goes to the next person on the waitlist.
Here’s the email my sister received about her baby registry completion discount.
15. Sign up for a registry
Creating an Amazon registry is a great idea whether you’re having a wedding, expecting a baby, or celebrating another event.
This is also a great way to get a discount on items.
After your event date, Amazon gives a one-time discount on items left on your registry. The discount is typically 10-15% off (higher for Prime members) and applies to select items. You can read about this on Amazon’s website here.
My sister made a baby registry on Amazon when she was pregnant and this Amazon shopping hack definitely works! She was able to save a good chunk of money on the baby registry items that were not bought at her baby shower. I also know of friends who did something similar after they made their wedding registry!
You can create your registry for free on Amazon by clicking here.
Frequently Asked Questions
Below are answers to common questions about the best Amazon hacks to save money.
How do I save a lot of money on Amazon?
To save the most money on Amazon, take advantage of these money-saving hacks:
Look for the “Clip Coupon” option on the item’s page to instantly apply discounts
If you regularly purchase certain items, use the Subscribe and Save program
Use tools like Capital One Shopping extension to track price changes and receive price change alerts
How do I stop overspending on Amazon?
If you have a problem overspending on Amazon, use the following tips:
Delete the Amazon app from your phone
End your Amazon Prime subscription
Before making a purchase, wait at least 24 hours before checking out
Unsubscribe from promotional emails
What are the best Amazon hacks to get free stuff?
There are many ways to get free stuff on Amazon. Here are some of the best hacks:
Amazon Vine Program (where select customers receive free products in exchange for reviews)
Choose no-rush shipping to get credits that can be used toward digital purchases
Trade-in eligible electronics for Amazon gift cards
How to save money on Amazon Prime?
If you’re a student, sign up for a 6-month free trial of Amazon Prime Student. The membership costs for students are usually half the cost of a regular Prime membership. You can get the discounted Prime membership rate for up to four years, as long as you have a .edu email address.
You can also pay for your Amazon Prime membership annually instead of monthly. This will give you a discounted per month price.
Another tip is to think about whether you need Amazon Prime year-round. Some people only need it for the holiday season when shopping picks up, while others use the membership year-round.
15 Best Amazon Hacks To Save Money – Summary
I hope you enjoyed my article on the best Amazon hacks to save money.
Using these 15 Amazon hacks can save you tons of money over time and help you use your Amazon Prime membership better.
Whether you’re using price tracking tools or trading in electronics you no longer use, these tips will help you get the most out of your Amazon shopping experience.
Happy saving!
What do you do to save money on Amazon? What do you think are the best Amazon hacks to save money?
Looking for the best ways to sell a car? There are so many methods to selling your car such as selling privately, going through an online platform, or selling to a local car dealership. Each method of selling a car has its benefits and drawbacks. Selling a car can feel overwhelming, especially with all the…
Looking for the best ways to sell a car?
There are so many methods to selling your car such as selling privately, going through an online platform, or selling to a local car dealership. Each method of selling a car has its benefits and drawbacks.
Selling a car can feel overwhelming, especially with all the different ways to do it.
When I had to sell my own car, I wasn’t sure whether to go the easy route by trading it in or put in more effort for a higher price with a private sale. There are pros and cons to each option, and it really comes down to what matters most to you—speed or getting the best price.
In this guide, I’ll go over some of the best methods to help you figure out the right approach for selling your car. Whether you want something quick or you’re aiming for top dollar, there’s a method for selling your stuff here for you!
Best Ways To Sell A Car
Below is a list of the best ways to sell a car.
Recommended reading: How To Get A Free Car – 11 Places For Those In Need
1. Share your car for sale on Facebook
One of the best places to sell your car is via Facebook Marketplace. Facebook Marketplace has a huge audience and is incredibly user-friendly, making it easy to sell just about anything on the platform.
When listing your car on Facebook Marketplace, it’s important to include details like:
Make, model, and year
Mileage
Condition
Vehicle history (clean title, any accidents)
Price
Photos
Any special features (heated seats, sunroof, backup camera)
Maintenance records (mention if you have consistent records of maintenance)
Reason for selling
Facebook Marketplace has zero listing fees and allows you to reach potential buyers in your area immediately.
However, there are drawbacks to Facebook Marketplace, including potential scams, lowball offers, and the time to communicate back and forth with potential buyers who may not be serious inquirers.
2. Trade in your car to a dealership
Trading in your car to a car dealer is one of the easiest ways to get rid of an old vehicle, but you must be willing to buy another car.
This process is easy (I’ve done it myself) and begins with the dealership appraising your car. This includes assessing the condition of your car and giving you a trade-in value of your vehicle based on market demand, mileage, and vehicle history.
If you decide to accept the offer, the trade-in value is applied to the new car you’re buying. However, there’s a major drawback in trading in a vehicle because car dealerships tend to pay way less than what you would get from a private sale.
3. Sell your car to a dealership
If you’re not in the market to buy a new car, you can instead sell your car to a dealership.
These days, dealerships are actively looking for popular cars and will often make you an offer. My sister once got an instant cash offer from a dealership while her car was just parked at a store! She’s also received offers through email from dealerships, and this was for an ordinary car!
This way of selling a car is easy and fast because car dealerships are buying used cars from people all the time. To get started, the car dealership will perform an appraisal. The dealership handles everything including paperwork, title transfer, and payment.
The benefit of selling your car to a dealership is that you don’t have to deal with private buyers and your car will likely sell quickly. However, similar with trading in a car to a dealership, you won’t get nearly as much money as you could with a private sale.
4. Sell to Cars.com
Cars.com is a site specifically for buying and selling vehicles. This platform is beneficial to use because you’re posting your car on a site where people are actively searching for vehicles to purchase.
To get started, you’ll want to include important information in your car listing, such as the make, model, year, mileage, condition, and any other special things the buyer should know. You’ll want to add high-quality, well-lit photos, and make sure to note any dents or scratches the potential buyer should know about.
Cars.com even has a pricing tool to help you figure out a price to list your car. You’ll be in charge of communicating with potential buyers, answering questions, and the final sale process. However, this effort can be well worth it as you’ll get a much better price versus if you were to sell it to a car dealership.
5. Sell to Carvana
Carvana is well known for delivering cars straight to your house, but did you know you can also sell your car on the platform? Carvana makes it super easy and convenient to sell your vehicle on their website.
To sell your car to Carvana, you’ll go to the sell/trade link at the top of Carvana’s website. This is where you’ll start the process of answering questions about your vehicle. You’ll receive an instant offer for your vehicle based on the information you give Carvana. If you accept the offer, Carvana will schedule a pickup time to get your car. They’ll do a quick on-site review of your car to make sure you answered the questions truthfully and then pay you on the spot.
While Carvana’s offer may be lower than what you’d get from a private sale, this can be a good option if you want to get rid of your vehicle quickly.
6. Sell on eBay
A popular way people sell cars is by creating an ad on eBay.
This site has an eBay Motors section that lets you create a listing for your car. You can choose auction-style, where people bid on your car, or a fixed-price option if you have a specific price you want to sell your car at.
I have a family member who has sold several cars on eBay, so I know this is possible!
7. Sell to CarMax
CarMax is a quick and easy way to sell a car because of its easy process.
You can take your car to a CarMax location, where they will do a no-obligation appraisal. The CarMax team will inspect your vehicle and give you a written offer to you within seven days of performing the appraisal.
If you decide to accept the offer, CarMax handles all of the paperwork and pays you on the spot. Again, you probably won’t make as much as you would if you went with a private sale, but CarMax has the benefits of speed, ease, and certainty of the transaction going through. Plus, you won’t have to worry about dealing with online scammers.
8. List your car on Craigslist
Craigslist has been a popular method of selling cars for a long time. The site is free and easy to use, and it takes less than ten minutes to create a listing with your asking price.
When creating your car listing, include important details like make, model, year, mileage, condition, and any unique features (like any additions or changes you may have made). You’ll want to include high-quality photos taken from different angles, including the interior and exterior. Then, set the price for your vehicle and include if this price is firm or negotiable.
Most importantly, always follow your gut when communicating with people on Craigslist. The platform is great for selling stuff but can bring scammy people who are trying to steal personal information or take your money. Selling your car private party to a car buyer can be worth it, you just want to be safe!
9. List your car on Autotrader
Autotrader is a site where you can buy new and used cars, list your car to sell, and get an instant offer from nearby car dealerships.
It costs $49 to publish a car listing on Autotrader and KBB.com (Kelley Blue Book). Though there’s a cost to list your vehicle, there are benefits to this including getting a free vehicle history report (which can increase the odds of selling your vehicle).
Once you find a buyer on Autotrader, the buyer pays online and Autotrader transfers the funds to you securely for as low as 0.99% of the selling price.
Frequently Asked Questions
Here are the most frequently asked questions about the best ways to sell a car.
What is the best place to sell my car online?
The best place to sell your car online depends on how fast you want to sell your car or if you’re prioritizing making the highest profit.
If you’re in a rush to sell your vehicle and want to get it off your hands ASAP, you may want to try selling the car to a car dealership, CarMax, or Carvana. However, if you have the time and you’re not in a rush to get the car off your hands, you may want to spend the extra time and effort to sell your car privately so that you can make more money.
What is the fastest way to sell a car privately?
If your goal is to sell your car as fast as possible privately, follow these tips:
Set a competitive price and research to see what similar cars are listed for
Thoroughly clean the car and maybe even get it professionally detailed
Have all paperwork necessary, including title, maintenance records, bill of sale
Create a detailed listing, highlighting any special features or recent maintenance
List your car on multiple platforms like Craigslist, Facebook Marketplace, and Autotrader
Have good communication with potential buyers and respond to their questions
Following all of these tips will help you sell your car quickly.
Who pays the most to sell my car?
If you’re trying to get the most profit out of selling your car, stay away from car dealerships and instead sell your car privately. This is because car dealerships need to make money from selling your vehicle, so they’re going to give you much less than what you could potentially get if you sold it privately.
To sell your car privately, you may want to try listing your vehicle on platforms like Facebook Marketplace, Autotrader, and Craigslist. These platforms will help you reach a wide audience and get you talking to interested buyers.
What is the best platform to sell a car?
The best platform to sell a car depends on your specific needs. Platforms like Carvana and Autotrader make it easy and convenient to get rid of your car quickly, whereas listing your car on Craigslist and Facebook Marketplace can take a lot longer.
What is the best form of payment when selling a car?
The best form of payment when selling a car is the safest form of payment. The best form of payment when selling a car privately is usually cash. Sometimes people will take money orders or cashier’s checks, but there is a chance that they are fake.
Personal checks can bounce, whereas cashier’s checks are issued by the bank and guarantee that the money is available. You can also accompany the buyer to the bank to witness the check being issued for additional safety (this is what most people recommend if you do decide to take a check).
Should you accept cash when selling a car?
Accepting cash for your car can be convenient but it has many risks such as counterfeit bills, lack of paper trail which can be problematic for tax or legal reasons, and in case of dispute doing a cash transaction can be more challenging to prove.
If you decide to accept cash, make sure to meet in a safe space like a police station parking lot or at a bank. If the amount of cash is large, bring along a friend or family member as added safety. Bring a counterfeit detection pen or ask the buyer to get a cashier’s check to decrease the risk of a fraudulent transaction.
Is it safe to take a cashier’s check when selling a car?
It’s generally safe to take a cashier’s check when selling a car because these checks are issued by banks. These kinds of checks are guaranteed that the funds are available. However, I do recommend that you be aware that there are counterfeit cashier’s checks. You can verify the check by contacting the bank directly.
What paperwork do I need to sell my car privately?
When selling your car on your own, you will usually need the car’s title and a bill of sale (with the VIN listed on it). You might also need things like maintenance records and a release of liability. You may want to ask your local department of motor vehicles or your state DMV to see what else they recommend. I also recommend taking your license plates off your car when it is sold.
Best Ways To Sell A Car – Summary
I hope you enjoyed my article on the best ways to sell a car.
There are many ways to sell a car, and the method you choose to take depends on how fast you want to sell your car.
Some people don’t want to spend any time or effort selling a car and would rather get rid of it ASAP, while others want to take the extra effort to make the most profit possible.
Each method of selling a car has its benefits and drawbacks, so you’ll want to think about that when selling your vehicle. Luckily, there are many car-selling platforms, so you can choose your best option.
Have you sold a car before? What do you think is the best place to sell a car?
The trade-in value of a truck is the amount a dealer is willing to give you to put toward the purchase of a new vehicle. Cars depreciate in value the moment you drive them off the lot, so over time, trade-in values tend to decrease as well. They are also impacted by a variety of factors, such as make and model, age, condition, and mileage.
Here’s a look at what your truck might be worth over the first five years of ownership, and the factors that impact that value.
Average Trade-In Value of a Truck After 5 Years of Ownership
The trade-in value of a truck is based on its market value, which is the amount a person is willing to pay based on the truck’s make, model, age, condition, etc. However, when saving up for a new car, it’s important to realize that what a dealer might offer for a trade-in is likely less than the market value. That’s because when the dealer eventually sells your vehicle, they will need to turn a profit. And their profit will be the difference between market value and trade-in value.
Cars, trucks, and other vehicles depreciate, meaning their market value decreases each year. Luckily for truck owners, trucks tend to depreciate more slowly than cars and SUVs.
For example, the average five-year depreciation of Toyota Tacoma, a midsize pick-up truck, is 20.4%, according to a 2024 study by iSeeCars. Average five-year depreciation for Ford F-150, a full-size pick-up truck, is 36.0%. Compare that to an average five-year depreciation rate of 38.8% for cars, 42.9% for midsize SUVs, and 49.1% for electric vehicles.
Depreciation is also an important factor to understand when leasing a vehicle, as your lease payment will cover the cost of depreciation to the lessor.
Supply chain issues, component shortgages, and increased demand for vehicles has driven up the price of new and used cars and trucks in recent years. This has had an impact on how fast vehicles depreciate. In 2024, the average five-year depreciation was 38.8%, compared to 49.1% in 2020.
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Factors That Impact Truck Value Over Time
As we mentioned above, the moment your car leaves the lot, it starts to lose value. (For that reason, savvy consumers often believe it’s better to buy a used car over a new one.) What happens to the car will have a big impact on value as well, from wear and tear to how much it’s driven and its accident history. As a result, depreciation and trade-in values will vary from vehicle to vehicle.
Age and Condition
Age and condition are two of the biggest factors that will affect your truck’s trade-in value. The older a vehicle is, the less value it tends to maintain (unless it’s a desirable vintage vehicle). The reason: It’s assumed that the older a car is, the more it will have been driven and the more wear and tear it will have experienced.
All sorts of factors big and small can go into determining condition, from dents and scratches to major repairs made after an accident. Only cars in pristine condition will fetch top market values and trade-in prices.
Mileage
How much a truck has been driven will also have an impact on trade-in value. The more you drive your truck, the more wear and tear you may be putting on the engine and other parts. As a result, trucks with lower numbers on their odometers tend to command.
Make and Model
A truck’s make and model refer to the company that makes the vehicle and the specific product, respectively. For example, Ford is a make while the F-150 is a model of truck. Some makes and models are more popular than others, which can increase trade-in value. This may be for a variety of reasons. For example, some may get better gas mileage or have roomier interiors that make them more appealing to used truck buyers.
Recommended: What Should Your Average Car Payment Be?
Trim Level
The trim level of a vehicle refers to the optional features it has. For example, higher trim levels may offer more equipment or luxury materials, such as leather seats. Automotive technology, such as back-up cameras and navigation systems, are in high demand. Higher trim levels can translate into higher trade-in values.
Accident History
Even if a car shows no outward signs of damage after an accident, vehicles that have been involved in a major accident or a natural disaster, such as a flood, will usually fetch lower trade-in values.
According to Carfax, any accident will remove $500 from the value of a car, on average, while a major accident can cost as much as $2,100 in lost value.
Local Market Demand
Where you resell your truck can have an affect on its market value. For example, if you live in an urban area, there may be less local demand for trucks than if you live in a suburban or rural location.
Geography can have other impacts on the value of your truck. For example, a truck that’s been through a number of harsh Northeast winters might be in worse condition than one from a warmer, dryer climate.
Increase Your Truck’s Trade-In Value
Bring your truck up to the best condition to increase its trade-in value. Fix whatever damage you can, such as scratches, chips in the windshield, or minor engine repairs. Have your truck cleaned and detailed before an appraisal by a dealer. A money tracker app can help you carve out room in your budget for any repairs.
It’s worth noting that your credit score will also impact the deal you get on your new car. That’s because a higher credit score gets buyers a lower interest rate on car loans.
Recommended: Does Net Worth Include Home Equity?
The Takeaway
How much a truck is worth is calculated based on many factors, including make, model, age, mileage, and condition. The trade-in value will be less than the market value. Understanding your vehicle’s potential trade-in value is an important consideration when budgeting and saving for the purchase of a new or used truck. If you think you may trade it in for a newer model in the future, research vehicles that are likely to hold their value better.
Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.
See exactly how your money comes and goes at a glance.
FAQ
What is the trade-in value of a truck?
The trade-in value of a truck is how much money a dealer is willing to give you toward the purchase of a new vehicle in exchange for your old one. Because dealers want to turn a profit when they resell your vehicle, trade-in values tend to be lower than fair market values.
How is trade-in value calculated?
Your truck’s trade-in value is based on a variety of factors, including make, model, age, mileage, and condition of the vehicle. Your truck’s value will depreciate every year, until it no longer has a resale value.
How do I find the fair trade value of my car?
A number of online tools can help you find the fair trade-in value of your car. For example, Kelley Blue Book and Edmunds offer very good online tools. Enter your vehicle identification number, license plate number, or the year, make, model, and mileage of your truck to get an idea of what it may be worth.
Photo credit: iStock/freemixer
SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
Cars and trucks tend to lose value as they age and experience wear and tear through everyday use. This loss of value is known as depreciation. How much these vehicles tend to depreciate will vary. For example, trucks tend to hold their value better than cars.
That said, depreciation depends on a number of factors, such as make and model, age, mileage, and accident history. Here’s a closer look at what impacts car and truck value, and how depreciation can differ between the types.
What Is Vehicle Depreciation?
Cars and trucks lose value each year due to normal wear and tear. The rate of depreciation will vary depending on the make and model of a car. However, the first year tends to see the greatest depreciation, when cars lose as much as 20% of their starting value. For that reason, some consumers believe it’s wiser to buy a used car than a new car. Within the first five years of ownership, a vehicle can depreciate by as much as 60%.
Depreciation is not necessarily an accurate representation of wear and tear on a vehicle. You may find that after a number of years, your car has lost significant value even if it’s in pristine, like-new condition. Deprecation will continue to affect the value of your car until it reaches $0 on paper. At that point, your car no longer has any equity, and is not considered a financial asset. The only value left is the value of the metal for scrap.
Depreciation is an important factor to understand whether you are buying a used car, a new car, or if you plan to lease a vehicle. When leasing a car, your monthly payment will cover the cost of depreciation.
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How Is My Car Value and Truck Value Depreciation Calculated?
There are various sources that supply car depreciation figures, including Kelley Blue Book and Edmunds. Each company has its own algorithm that accounts for the factors that affect depreciation, such as:
Mileage
How much a car or truck has been driven is often seen as a proxy for wear and tear. The more something is used, the more likely it is to wear out. As a result, vehicles that have been driven less tend to fetch higher values.
Make and Model
You can think of the make and model of a vehicle as the brand and specific product on offer. For example, Toyota is the make, while Tacoma is a specific type of truck the company builds. There may be a series of letters and numbers after the model name that further delineates the trim level of the vehicle. Trim level can refer to different features, engine size, or materials used in the making of the car or truck.
Some makes and models are more popular than others, and some models have higher trim levels. Both can help a vehicle hold its value longer.
Reputation
A vehicle’s reputation for safety and reliability can play a big role in its popularity. The higher the demand for a particular make and model, the more slowly it may depreciate.
Larger vehicles are typically safer than smaller cars, which helps explain why trucks tend to hold their value longer.
Fuel Economy
More fuel-efficient vehicles may also hold their value better than gas-guzzling counterparts, especially when fuel prices are high. Diesel trucks may depreciate more slowly than gasoline-powered cars and trucks because they tend to have more powerful engines, better fuel economy, and emit less carbon dioxide. A gallon of diesel contains roughly 10% to 15% more energy than a gallon of gasoline, and as a result, a diesel engine can go 20% to 35% farther on a gallon of fuel.
Local Market
Your local automobile market can also have a big impact on how much your car depreciates. For example, trucks may be in higher demand in rural areas, while cars may be more popular in urban settings. Vehicles with four-wheel drive may be more sought after in places with snow, while convertibles may be in higher demand in warm, sunny climates.
You may be asked for your zip code when you look up the value of your car. This can help valuation companies zero in on how much your car is worth in your locale. You can also use a money tracker app, like SoFi’s, to discover real-time vehicle values in just a few clicks.
Recommended: What Credit Score Is Needed to Buy a Car?
Average Truck Value vs Car Value Depreciation Comparison
Cars and trucks begin to depreciate as soon as they leave the lot. As mentioned above, they can lose as much as 20% in the first year alone, and up to 10% each year after that. By year five, a vehicle may have depreciated by as much as 60%.
That said, various types of cars and trucks tend to depreciate at different rates. And depreciation can vary a lot depending on current market conditions. For instance, iSeeCars research found that all types of vehicles held their value better in 2023 than they did in 2019, thanks in part to fewer new cars being produced and fewer used cars for sale.
In 2023, the average five-year-old vehicle depreciated by 38.8%, compared to 49.6% in 2019. And trucks held their value best of all vehicles, depreciating just 34.8% over five years in 2023, compared to 42.7% in 2019. Here’s a look at of how different types of vehicles have depreciated over a five-year span:
Type of Vehicle
5-year Depreciation
Overall
38.8%
Trucks
34.8%
Hybrids
37.4%
SUVs
41.2%
Electric Vehicles
49.1%
Source:iSeeCars
Recommended: What Should Your Average Car Payment Be?
The Takeaway
While all cars are holding their value better than they did in 2019, recent research confirms that trucks hold their value the best of all vehicles. If you plan to trade in your car or truck after a few years, consider buying a vehicle that is likely to hold its value longer to get a better trade-in value.
Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.
See exactly how your money comes and goes at a glance.
FAQ
At what mileage do cars lose value?
Cars and trucks unfortunately start to lose value as soon as you drive them off the lot. After that, depreciation is calculated each year.
Does mileage affect car value?
Mileage is one of the most important factors that go into car valuation. The higher the mileage, the more wear and tear the vehicle is presumed to have, and the less the vehicle will be worth.
At what age does a vehicle depreciate most?
Cars and trucks depreciate most in their first year, when they can lose 20% or more of their value.
Photo credit: iStock/timnewman
SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
Do you want to learn how to make $400 fast? Making extra money can be really helpful for unexpected expenses or saving up. You might need it for rent, a car repair, or a medical bill. Or maybe you’re saving for something special and just want to earn a little more. Sometimes, you need quick…
Do you want to learn how to make $400 fast?
Making extra money can be really helpful for unexpected expenses or saving up. You might need it for rent, a car repair, or a medical bill. Or maybe you’re saving for something special and just want to earn a little more.
Sometimes, you need quick cash, and $400 can make a big difference. Finding ways to make money fast doesn’t have to be hard and can be done in many different ways that fit your skills and schedule.
Best Ways To Make $400 Fast
Below are the best ways to make $400 fast.
1. Sell printables
Selling printables can be a great way to earn money quickly. Printables are digital products that buyers download and print at home. These can be anything from planners to party decorations to holiday cards.
The best part is you only need to create them once, and they can be sold many times.
After creating your printable, you’ll need a platform to sell it. Etsy is a popular choice because it’s easy to set up and lots of people shop there for printables. When listing your product, make sure to use good photos and detailed descriptions because this helps buyers find your printables.
I have several friends who make over $1,000 each month by selling printables, and they do it all from home! It’s a side hustle that I frequently think about starting.
You can learn more at How I Make Money Selling Printables On Etsy.
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
2. Start a blog
Starting a blog can be a great way to make $400. It may not always be fast, but once you get your blog started, you may be able to make money and create new income streams.
To make money, you can place ads on your blog. You can also write sponsored posts or review products. Another way to earn is by promoting products you like through affiliate links. When someone buys a product through your link, you get a commission.
For me, I love blogging and I make over $400 a day online with my blog. I also get to work from home and have a flexible schedule, and I love it!
You can learn how to start a blog with my free How To Start a Blog Course (sign up by clicking here).
3. Answer online surveys
Taking online surveys is a simple way to make extra money. Many companies pay for your opinions to help improve their products. You can do this from home and on your own schedule.
It would take some time to make $400 by answering surveys, but it is easy and very flexible. Or, you could combine many of the side hustles on this list to reach your $400 goal faster.
The survey companies I recommend signing up for and the best paying survey sites include:
Freecash – This is one of my favorite rewards sites right now! You can get paid to take surveys, play games on your phone, and more.
American Consumer Opinion
Survey Junkie
Swagbucks
Branded Surveys
Prime Opinion
Five Surveys
User Interviews
KashKick
Pinecone Research
Many of the survey sites above give a sign-up bonus to new members and pay via free gift cards or cash to your PayPal account.
I have taken many, many surveys over the years, and I like how flexible they are to answer because you can answer them in your free time (such as when watching a TV show).
4. Sell your old phones
Got an old phone lying around? You can turn it into quick cash, many times up to (or over) $400. Many people don’t realize how much money is just sitting in their junk drawer. Phones, even ones that aren’t the latest model, can be worth quite a bit.
You can sell your old phone on:
Decluttr
eBay
Facebook Marketplace
Craigslist
And more!
You’ll want to remember to erase all your personal data before selling your phone. This is very easy, though, so don’t let it stop you from selling your phone.
5. Join Freecash
Freecash is a website where you can make money by doing fun and easy tasks on your computer or phone. When you join Freecash, you can get paid to test apps, play games, and complete surveys.
I have personally earned $722 from this site, and I have received $720 in free Amazon gift cards. $302 of that was from playing Bingo on my phone through Freecash in just one week!
Click here to sign up for Freecash for free.
6. Bookkeeping
Bookkeeping can be a way to make money from home. You don’t need a college degree to start, and many online courses offer the training needed to get going.
Bookkeepers help businesses manage their finances. This includes tracking income, expenses, and creating reports.
Many businesses, big and small, need bookkeepers. As a result, there’s always a demand for this service. With hard work and dedication, you might earn around $40,000 a year or more.
I recommend signing up for the free training – How to start a profitable bookkeeping side hustle, that can generate $2,000 to $16,000 a month (part-time)!
You can also learn more at How I Made $10,000+ Monthly With A Bookkeeping Business Online.
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This free training will show you how to start a profitable bookkeeping side-hustle in the next 30 days—even if you have no prior experience!
7. Proofread
Proofreading is a great way to make money quickly. Many writers need an extra set of eyes to catch mistakes in their work. As a proofreader, you’ll look for grammar, punctuation, and spelling errors. This job can be done from home, and you get to choose your own hours.
You can proofread all kinds of content. This includes articles, blog posts, books, student papers, and even advertising copy.
Due to the high demand for written content, there’s always a need for proofreaders. This makes it a stable way to earn money.
You can learn more at How To Start A Proofreading Business And Make $4,000+ Monthly.
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This free training teaches you how to start a proofreading side hustle (and how to earn $1,000+ per month!), even if you are brand new and don’t have any previous proofreading experience.
8. Sell jewelry online
Selling your jewelry online can be a way to make $400 fast. If you have items like engagement rings, luxury watches, or necklaces you no longer wear, you can turn them into cash.
Start by choosing a reliable place to sell your jewelry. For example, websites like Worthy can help you sell jewelry like rings and necklaces.
You can learn more at Where To Sell Jewelry: 12 Best Places For Extra Money.
9. Affiliate marketing
Affiliate marketing is a great way to make money online and it’s one of my favorite online business ideas. You can earn commissions by promoting products and services. When someone buys through your referral link, you get a percentage of the sale.
This is my favorite way to make money, as it can all be done online. I can make money while on a vacation or sleeping, and it’s easy to share links to products that you already use and believe in.
My favorite way to do affiliate marketing is by sharing links to products on a blog. You can learn more about this at Affiliate Marketing Tips For Bloggers – Free eBook.
10. Freelance on Fiverr
Fiverr is a great way to make $400 fast by selling your skills online. You can sell services like writing, graphic design, or even voice-overs.
You can easily start freelancing by creating a free account on Fiverr. You’ll choose a username and set up your seller profile where you highlight your skills and what you can sell to clients.
Next, create your first gig. A gig is a service you provide. You can start small, with gigs priced at $5, and then increase your rates as you gain experience (yes, this means that you can earn more than $5 per service that you sell on Fiverr!).
Also, another site to look into if you want to freelance online is Upwork!
11. Pet sitting services
Pet sitting is a great way to make extra money if you love animals. Many people need help taking care of their pets when they’re at work or on vacation. This job usually involves feeding, playing with, and sometimes walking the pets.
You can start by signing up on dog walking websites and apps like Rover or Wag. These platforms connect pet sitters with pet owners. You can choose your working hours and set your rates.
We used to have a dog sitter (back when we had dogs), and we paid her $35 to watch each dog each night (she watched them in her own home). That means she was making $70 a night and we typically had her watching our dogs for 7 days or longer.
12. Sell handmade crafts on Etsy
Selling handmade crafts on Etsy is a great way to make $400 fast. You can set up your own shop and start selling right away. People love unique, handmade items, and Etsy is the place to find them.
You can sell all kinds of things on Etsy, like jewelry, woodwork, soap, and knitted items.
Etsy charges a fee for each listing and a transaction fee when you make a sale, so you’ll want to make sure to price your items to cover these costs and still make a profit.
13. Sell lawn care services
Selling lawn care services is a great way to make $400 quickly. If you have a lawn mower and some basic tools, you can sell your services to neighbors or people in your community.
Start by mowing lawns. You can charge around $30 to $50+ per lawn, depending on the size. If you mow just 8 to 10 lawns, you’ll reach $400 fast.
14. Babysit for neighbors
Babysitting is a way to make money fast. Many parents need someone to watch their kids for a few hours, so you can sell your help during weekends or evenings.
Tell your neighbors and friends that you are available to babysit, or even post in local parent Facebook groups. Let them know your rates and how they can reach you. You might be surprised by how many opportunities you get.
Babysitting rates can vary, but you can charge around $15 to $25 per hour, depending on where you live.
15. Drive for a rideshare service
One of the fastest ways to make $400 is to drive for a rideshare service like Lyft or Uber. You get paid for each trip you complete, and you can work as much or as little as you want.
To make the most money, you can focus on driving during peak hours. These are the times when people need rides the most, like mornings and evenings, making it easier for you to get more trips.
Another tip is to drive during special events or on weekends. People usually need rides for events, and requests increase, which means more money for you.
16. Sell clothes
Whenever I needed money fast, I would go through my closet and find clothes to sell. I did this a lot, especially when I was younger (and had more clothing, haha).
Selling clothes is a quick and easy way to make extra money. You probably have clothes in your closet that you don’t wear anymore. These might be items that don’t fit, are out of style, or just don’t suit you anymore. Instead of letting them take up space, you can sell them online.
There are many websites and apps where you can sell your clothes. Poshmark and ThredUp are popular choices. On Poshmark, you can create listings with photos and descriptions of your clothing. Once your item sells, you ship it to the buyer. ThredUp is more hands-off. You send your clothes to them, and they handle the selling process.
If you prefer selling in person, you can look for local consignment shops or secondhand stores. These places buy gently used clothes and resell them. You might not make as much money as selling online, but it’s fast and super easy.
You can learn more at 16 Best Places To Sell Clothes For Cash.
17. Become a virtual assistant
Becoming a virtual assistant (VA) is a great way to make $400 fast.
Virtual assistants help businesses with tasks they don’t have time for. This can include managing emails, scheduling appointments, and handling social media accounts.
You can set your own hours and work from home, which is one of the best parts of this job. Whether you want to work part-time or full-time, being a VA can give you flexibility.
As you gain experience, you can increase your rates. New VAs might start at $15 to $20 per hour, but experienced VAs can earn much more. You could make up to $50 per hour if you specialize in certain areas, for example.
You can learn more at Best Ways To Find Virtual Assistant Jobs.
18. Rent out your extra space
Renting out your extra space is a great way to make extra money.
If you have a spare room in your house, you can list it on Airbnb. Many people need short-term rentals; you can charge by the night and this can add up quickly. Another way to make money with a spare room is to find a long-term renter. Back when I had spare bedrooms, I would actually rent out each room for $400.
You can even rent out your storage space, a parking spot, and more. A site to start with for this is Neighbor.
19. Donate plasma
Donating plasma is a quick way to make some extra money. You can make around $200 a month by donating regularly. Some centers even have bonuses that can boost your earnings to $400 in your first month.
You can learn more at How To Make Money Donating Plasma.
20. Sell unwanted gift cards
Have gift cards you don’t plan to use? You can turn them into cash quickly. Many places will buy them from you and pay real money. This is an easy way to make some quick cash.
Some ways to sell gift cards include:
Raise
CardCash
CardSell
Gameflip
GiftCash
21. Join a focus group
Joining a focus group can be a great way to make money quickly. Focus groups pay you for your opinion on products, services, or ads. These groups can be either online or in person. This makes them super flexible for any schedule.
Payment varies a lot, with some focus groups paying around $20 for a quick session, while others can pay up to $400 for more detailed feedback. The amount usually depends on the length and type of study. Even a one-hour session can earn you between $50 and $100.
I once did a focus group that paid me about $400 for just 75 minutes. That’s more than what most focus groups pay, but usually, you can expect to earn between $50 to over $100 per hour. The amount you get paid depends on how long the study is and what it’s about, but there are some studies that pay more.
One focus group company that I recommend is User Interviews. User Interviews recruits participants to answer surveys and share their feedback.
22. Sell video games
Selling video games can be a quick way to make money. If you have games you no longer play, why not turn them into cash?
You can sell your old video games in ways such as:
Decluttr
eBay
Amazon Trade-In
OfferUp
Facebook Marketplace
23. Sell power washing services
Selling power washing services can help you make $400 fast. Many people need their driveways, sidewalks, and houses cleaned.
You’ll need a power washer to get started. You can buy one or rent it from a local store.
You can advertise your services on social media or in your neighborhood and create flyers and business cards to hand out.
You can charge by the hour or by the job. Typical rates can be between $50 and $100 an hour. You can clean a driveway in just a couple of hours, so you can probably easily make $400 in one weekend.
24. Tutor
Tutoring students can be a quick way to make $400. You can help kids with their homework, teach a language, or explain tough subjects like math and science. Many parents are willing to pay good money for someone who can help their children do better in school.
Online tutoring is flexible too because you can set your own hours and work from home. Websites like Tutor.com, Wyzant, and Preply are great places to start.
Tutoring can pay well too. Rates can range from $15 to $60 or more per hour, depending on the subject and your experience (for example, advanced subjects like calculus or test prep can pay even higher rates).
25. Become a freelance writer
Freelance writing is a great way to make $400 fast with an online business. You can write for blogs, websites, magazines, and companies. Since you work for yourself, you get to choose which projects to take on.
Freelance writing pays well and beginners can earn around $50 per article, but as you gain experience, you can charge more. Some experienced writers make over $1,000 per 1000-word article.
I have been a freelance writer for years and I have definitely enjoyed it. It’s a fun online job where you can work from home and choose the subjects you want to write about.
26. Sell stock photos
If you love taking pictures, you can turn that hobby into cash by selling stock photos. Many websites let you upload your images for sale.
Some popular ones include Shutterstock, Adobe Stock, and Depositphotos. People such as businesses, bloggers, and marketers buy these photos for their own use. You can earn money each time someone downloads your photo.
You might not make $400 overnight, but your earnings can add up quickly with enough photos in your portfolio.
You can learn more at 18 Ways To Get Paid To Take Pictures.
27. Rent out your car
Renting out your car can be a simple way to make extra cash. There are many platforms like Turo that let you rent your car to others.
You don’t have to do much. Just list your car, set the price, and wait for renters. These platforms handle insurance and payments, making it easier for you.
I have rented a car while on vacation on Turo several times, and I enjoyed it each time. It is an easy-to-use site!
28. Wash cars
Washing cars is a great way to make quick money.
You can start by selling your car washing services to neighbors, friends, and family. You can also make flyers and put them up around your community to let people know about your business.
29. Participate in a medical study
Participating in a medical study can be a quick way to make $400. Many research studies pay volunteers for medical research.
You can find opportunities in local hospitals, universities, and clinics.
When my husband was younger, he took part in a few medical research studies to help us make extra money. He usually earned about $1,000 for a weekend of his time. These were very in-depth, though, with lots of blood work and needles (so you may want to ask about this if that makes you squeamish).
Recommended reading: 19 Best Places To Find Paid Research Studies
30. Sell furniture
If you have any old furniture lying around, like a couch, coffee table, dresser, or dining set, then you can make quick cash by selling it.
You can start by listing your items or selling to places such as:
Facebook Marketplace
Craigslist
eBay
AptDeco
1stDibs
Consignment shops
OfferUp
Etsy
You can learn more at 15 Best Places To Sell Used Furniture For Cash.
31. Help people move
You can make $400 fast by selling moving services. People always need help moving, whether it’s across town or to a new apartment.
You can start by advertising your services on social media and local websites like Craigslist and by letting your friends and family know you are available too.
You can charge by the hour or by the job. Some movers charge $50 an hour, so you could reach your goal quickly. Make sure you have the necessary tools and equipment, such as a dolly and packing supplies.
32. Drive for a delivery service
Driving for a delivery service is a great way to make some quick cash. There are many gig economy apps like DoorDash, Instacart, Uber Eats, and Grubhub that hire drivers to deliver food and groceries. You can sign up easily and start working in a few days.
You get to pick your own hours, making it a flexible job. This means you can work in the mornings, evenings, or weekends. Plus, you can make between $12 and $20 per hour and often get tips on top of that.
33. Transcribe audio files
Transcribing audio files into text is a good way to make extra money. As a transcriptionist, you listen to audio recordings and type what you hear. This job requires good listening and typing skills.
You don’t need a lot to get started. Just a computer, internet access, and a pair of headphones will do.
Many companies pay per audio hour, not the time it takes you to transcribe. Rates can range from $15 to $30 per audio hour. Once you get the hang of it, you might earn $400 a month.
You can learn more at 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly.
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In this free training, you will learn what transcription is, why it’s a highly in-demand skill, who hires transcriptionists, how to become a transcriptionist, and more.
34. Clean houses
Cleaning houses is a way to make $400 quickly.
People are always looking for help to keep their homes tidy. You can sell your cleaning services to friends, neighbors, or find clients online (you can post an ad on sites like Facebook Marketplace or Craigslist).
You don’t need much to start. Basic cleaning supplies like sponges, sprays, and rags will do, which is great.
You can charge per hour or per job. So, if you charge around $20 to $25 an hour, you can make $400 in just 2 days of work.
35. Sell your wedding dress
One quick way to make some cash is by selling your wedding dress.
You can get a good amount of money, especially if your dress is from a popular designer or in great condition.
There are several websites and stores that buy used wedding dresses. Or, if you want to sell locally, try visiting consignment shops. These stores may take your dress on consignment and pay you when it sells. Or, they might buy it outright, giving you money up front.
36. Do junk removal
Junk removal can be a quick way to make $400. Many people need help getting rid of old furniture, appliances, or just clutter. You don’t need special skills, just some muscle and a vehicle to carry the junk.
You can find work by advertising on websites like Craigslist or Facebook Marketplace. Local community boards are also good places to post your services.
You can charge by the hour or by the job. Many junk removal services charge a minimum fee of around $100 to $150 per load (and go up from there depending on weight and size). With some hard work, it’s possible to reach the $400 mark in a day or two.
37. Host a garage sale
Hosting a garage sale is one of the quickest ways to make $400, especially if you have items you no longer use.
You can start by decluttering your home and picking out things like clothes, toys, furniture, kitchen items, and electronics that are just taking up space. The average household has hundreds of thousands of things (yes, that’s not a typo!), so there’s probably something you can sell.
Once you’ve gathered your items, pick a weekend to host your sale, preferably when the weather is nice. To attract more buyers, advertise your sale on social media, local community boards, and garage sale websites.
You can even team up with neighbors or friends to increase foot traffic. By the end of the weekend, you can easily reach your $400 goal while also clearing out clutter from your home!
Frequently Asked Questions
Below are answers to common questions about how to make $400 fast.
How to make $400 dollars in one day?
You can make $400 in one day by selling more expensive items like old phones, laptops, or collectibles. If you have time to build a business, then you may want to try becoming a freelancer, such as with writing or graphic design.
How to make $400 dollars as a kid?
For kids who want to make $400, you may want to try selling handmade crafts or old toys. Yard work, pet sitting, or babysitting are great ways to earn money quickly too.
Are there any fun ways to earn $400 as an 11-year-old?
Yes, there are fun ways for an 11-year-old to make $400 fast! You can walk dogs, set up a lemonade stand, or sell baked goods. You might also like creating and selling crafts or printables with help from a parent.
How to make $400 a day online?
If you want to learn how to make $400 fast online, then selling items online is usually the fastest. You could list items from around your home, like furniture or old electronics, on Facebook Marketplace and possibly get paid the same day if you find a buyer quickly. If you want to eventually in the future make $400 in a single day online, then you could do things like blogging, freelance writing, and virtual assisting.
How to make $400 in a week?
You can make $400 in a week by selling items on sites like eBay or Facebook Marketplace. You can also look for quick gig jobs (such as on the Craigslist gigs section where they list random odd jobs like handyman gigs), do freelance work, or sell services like tutoring or lawn care.
What can I sell for $400?
You can sell old phones, laptops, furniture, jewelry, or clothes to make $400.
How To Make $400 Fast – Summary
I hope you enjoyed this article on how to make $400 fast.
Making $400 quickly is possible if you have the right plan. You can sell things you don’t need, sell your skills as a freelancer, take online surveys, and more.
There are lots of ways to reach your goal, and it’s important to pick something that works with your schedule and skills.
What do you think is the best way to make $400 fast?
Looking to get some extra cash from your old electronics? You’re not alone! Many people have used electronics lying around, and selling them can be a great way to make some extra income. Plus, finding the best places to sell used electronics is also a great way if you need to make money fast, such…
Looking to get some extra cash from your old electronics? You’re not alone! Many people have used electronics lying around, and selling them can be a great way to make some extra income.
Plus, finding the best places to sell used electronics is also a great way if you need to make money fast, such as if you are looking to make money in one day.
There are many places where you can sell your used electronics quickly and easily. Whether you’re upgrading your tech or just decluttering, finding the right platform is key to getting the best value. You’ll want to know where to go and what to expect to make the process smooth and profitable.
I have sold many of my used electronics over the years, including a cell phone, a laptop, and a camera. And, there are many more you can sell as well, such as gaming systems, smart watches, fitness trackers, headphones, speakers, and tablets.
Best Places To Sell Used Electronics
Below are the best places to sell used electronics.
1. Decluttr
Decluttr might be the perfect solution for you if you want to sell electronics online instantly as this is one of the best selling apps for electronics. You can trade in your devices like phones, game consoles, iPads, tablets, MacBooks, DVDs, and more.
I have personally sold a cell phone on Decluttr and I found the process to be very easy, and that is why this is my top choice if you are looking to sell your used electronics easily and hassle-free.
To sell on Decluttr, you just head to the Decluttr website and answer the prompts about what you would like to sell. They will want to know the type (phone, gaming console, laptop, etc.), the condition (they accept items in “Excellent,” “Good,” and “Poor” conditions), the storage capacity, and more.
Decluttr will then give you a price and you’ll be given a shipping label if you accept. You will then have to find a box to put the item in.
Once Decluttr receives and processes your items (usually the next day after receiving them), you’ll get paid by direct deposit or PayPal.
Decluttr also accepts broken electronics. Even if your device is water-damaged or has cosmetic issues, you can still sell it by marking the condition as “Poor.”
You can check out Decluttr by clicking here.
2. Gazelle
Gazelle is a popular option if you want to sell your used electronics quickly and easily. They buy a variety of devices including iPhones, Samsung Galaxy phones, iPads, and more.
To get started, tell Gazelle about your device. They will give you an estimated price. If you accept, you send your device to them for free.
Once Gazelle gets your device, they inspect it to make sure it matches what you described. After that, you get paid quickly. This process is simple and fast, which makes it convenient for many sellers.
You can check out Gazelle by clicking here.
3. Amazon Trade-In
Amazon Trade-In is a simple way to sell your old electronics if you are just learning how to sell your stuff. You can get an Amazon gift card or a promotional discount for your device. The process is quick, and you can do it online.
Amazon accepts many types of electronics like phones, tablets, and smartwatches and from brands like Amazon, Apple, Samsung, Microsoft, Google, Sony, Arlo, Foscam, NETGEAR, Bose, ASUS, TP-Link, and more. You answer a few questions about your item, and then Amazon gives you an estimate.
If you agree with the estimate, Amazon provides a free shipping label. You can mail your device or drop it off at a participating location.
Once Amazon gets your device, they will verify its condition. If it matches what you described, you get your gift card or discount. If the condition is worse than expected, you can choose to have the device returned or accept a lower value.
Amazon offers Instant Payment for some trade-ins. This means you get your gift card right away. If you don’t qualify for Instant Payment, you will get your gift card once Amazon processes your device, which can take up to 15 business days.
4. Apple Trade In
I recently traded in my old laptop to Apple and made around $300 for a laptop that was around 5 years old (and was actually broken with a flashing screen). I did it all right on the Apple website and it was very easy to sell.
Apple Trade In lets you trade your old device for credit toward a new one. You can do this either online or at an Apple Store. If your device isn’t worth any money, no worries. Apple will still recycle it for free.
You can trade in an iPhone, iPad, Mac, or Apple Watch.
You can use trade-in credit toward a purchase or get an Apple Gift Card. I was buying another laptop, so I just got store credit and put it toward my purchase.
Now, you may be wondering if your data and privacy are safe if you’re selling your laptop (which probably has a lot of passwords and documents that you would like to keep secure). Apple makes sure that your data is safe throughout the process, and they guide you on how to back up and erase your data.
5. eBay
I have sold many, many items on eBay over the years, from clothing to electronics and more.
EBay is a great place to sell your used electronics because it’s a huge marketplace with millions of buyers.
You can list almost any device, from old phones to gaming consoles. The auction format can help you get the highest price for your items.
Creating a listing is simple on eBay and you just add photos, describe your item, and set your price. You can also choose to sell at a fixed price if you don’t want to wait for an auction to end.
Now, eBay does have a cost. They charge fees for listing and selling items, so you’ll want to be sure to check their fee structure to understand how much you’ll pay.
6. Best Buy Trade-In
Best Buy’s Trade-In program is a great way to get rid of your old electronics and earn some store credit. They accept a wide range of devices, like phones, tablets, game consoles, and more.
Once you bring in your used electronics, they will evaluate them and give you a Best Buy gift card in return. You can use this gift card to shop for new electronics or accessories at any Best Buy store or on their website.
You need to be at least 18 years old to take part in this program. If you live in Alabama or Nebraska, you need to be 19 years old.
Best Buy also offers convenient options for trading in your devices. You can bring your items to a store or use their website to get a trade-in estimate and mail your items for free. This makes it easy to trade in your devices from the comfort of your home.
7. Swappa
Swappa is a popular choice if you want to sell your used electronics. It’s known for being safe and easy to use. You can sell phones, laptops, tablets, and more.
One of the best things about Swappa is that you deal directly with other users. There is no middleman, which means you can get more money for your items.
All you have to do is create a listing, similar to how you would with eBay.
8. Facebook Marketplace
Facebook Marketplace is a great place to sell your used electronics near you. It’s easy to use and connects you with buyers in your local area, and you can sell items like phones, laptops, cameras, and video game consoles.
One of the best things about Facebook Marketplace is the convenience. You just need to take a few pictures of your item, write a short description, and set your price.
You can also reach many potential buyers quickly since Facebook has millions of users, so this increases your chances of selling your electronics fast and at a good price.
For safety, I do recommend that you meet buyers in public places during the daytime. You are selling electronics after all, so it could be something that someone may want to steal. Many people will meet in a police department parking lot to make sure everything is safe.
9. OfferUp
OfferUp is a popular app where you can sell your used electronics and it’s easy to use, plus you can list almost anything, from phones to TVs.
With this site, you will have to create a listing, along with a description and a price. Buyers can then make offers or ask questions directly through the app.
OfferUp merged with Letgo, which means more potential buyers see your listing. The app also has a rating system for both buyers and sellers and this helps you know who you are dealing with.
You can choose to meet buyers in person or ship the item. OfferUp gives you the flexibility to decide what works best for you. Remember to meet in a public place for safety if you choose the in-person option.
10. Craigslist
Craigslist is a great place to sell your used electronics. It’s free to list your items, which means you get to keep all the money from your sale. No hidden fees!
I have sold many items on Craigslist, and like Facebook Marketplace, I recommend that you meet somewhere safe, such as a police department parking lot.
One of the best things about Craigslist is its simplicity. You just need to create an account, write a quick description, add a few photos, and set a price.
Many people use Craigslist because it’s local. Buyers can arrange to meet you in person, which can be safer and faster than shipping items.
Also, you will want to watch out for scammers. If a deal seems too good to be true, it probably is. Trust your instincts and avoid sharing any personal information. There are a lot of scams on Craigslist, unfortunately.
11. Gizmogo
If you want to sell your used electronics, Gizmogo is a good choice. They make the process quick and easy, and you can get an instant quote online by entering your device’s details.
Gizmogo pays competitive prices for many types of electronics. These include smartphones, laptops, tablets, and gaming consoles. They also accept cameras, drones, and smartwatches.
Shipping is free with Gizmogo. They provide a prepaid label, so you don’t have to pay for shipping. Your device is insured during transit, which adds an extra layer of protection.
Once Gizmogo receives your device, they inspect it quickly. You get paid fast, either in cash or online payment.
12. BuyBackWorld
BuyBackWorld is a great place to sell your used electronics. They make selling easy and quick, and you can sell items like phones, tablets, laptops, and more.
To get started, you simply just go to their website and get an instant price quote for your items. This helps you know how much money you will get. The best part is that you don’t have to guess the value.
After you get your quote, you ship your items for free. BuyBackWorld even provides the shipping label. You just pack up your items and send them off.
Payment is fast. Once BuyBackWorld gets your items and checks them, they pay you quickly. You can get paid through PayPal, a check, or a direct deposit.
13. Pawnshop
Pawnshops can be a great place to sell your used electronics quickly. They buy a wide range of items, from phones and laptops to gaming consoles and cameras.
The main advantage of selling to a pawnshop is the speed of the transaction. You can walk in with your item and walk out with cash in hand, usually within minutes, so this makes it a convenient option if you need money fast.
However, there are a few things to keep in mind when selling your electronics to a pawnshop. First, they typically offer less money compared to other selling options. Pawnshops need to make a profit when they resell your item, so they’ll often give you around 30%-60% of the item’s resale value.
It’s important to research the value of your electronics beforehand so you have an idea of what a fair offer might be. Also, be prepared to negotiate, as many pawnshops expect some haggling.
14. ItsWorthMore
ItsWorthMore.com is a great place to sell your old electronics. It’s easy to get started. You just go to their website, get a quote, and see how much your device is worth.
Shipping is free and they give you a prepaid label, so you don’t have to pay anything.
Once they get your item, they check it out. If it matches your description, you get paid. They send the payment fast, often within a week. You can choose to get paid by PayPal or check.
Frequently Asked Questions
Below are answers to common questions about how to sell your used electronics.
What is the best website to sell electronics?
The best website to sell your electronics often depends on what you’re selling. Decluttr and Gazelle are great for quick sales and you don’t have to create a listing. Facebook Marketplace and eBay can also be good options, especially if you want to reach a large number of buyers.
What’s the easiest way to sell my used computer monitor?
Selling a used computer monitor is easiest through websites like Decluttr or Gazelle. These services provide free shipping and fast payment. You can also try local selling through Facebook Marketplace for convenience and quick cash.
How do I sell my laptop?
To sell your laptop, start by choosing a platform like Decluttr, Gazelle, or Amazon Trade-In. If you have a Mac laptop, then you may want to trade it in to the Apple Trade-In program.
What to do before selling a used laptop?
Always back up your data before selling your laptop. Then, perform a factory reset to erase all personal information and don’t forget to remove all accessories like SIM cards and SD cards. I also recommend that you clean your laptop to make it look presentable.
What is the best place to sell used electronics near me?
For local sales, such as if you want to sell your used electronics near you, I recommend using sites like Facebook Marketplace, Craigslist, or local buy and sell groups. A pawnshop is another option if you want to sell used electronics locally, but you usually can’t get as much money.
What is the best place to sell used electronics online?
Decluttr and Gazelle are top choices for selling used electronics online due to their simple process and quick payments. Amazon Trade-In and eBay are also great options if you prefer more control over your selling price.
Best Places To Sell Used Electronics – Summary
I hope you enjoyed this article on where to sell old electronics for cash.
You can sell many types of electronics such as cell phones, laptops, tablets, and gaming consoles. They don’t have to be brand new either, they can be years old in many cases.
And, sometimes, they don’t even need to work. Yes, even your broken, used electronics may bring you some money. In fact, I personally recently sold my laptop that was 5 years old and broken, and I still made around $300.
Selling old electronics helps you get some money back. Instead of leaving gadgets in a drawer, turn them into cash.
By selling, you also help the environment. Electronics have materials that can be harmful if not disposed of properly. Selling them means someone else can use them, reducing e-waste.
Wondering how to decide what the best place is to sell your used electronics after reading the list above? I recommend thinking about how much money you’ll get, how fast you need the money, and how much effort you want to put toward selling it.
I hope you are able to make some extra money selling your used electronics. I think it’s definitely worth it instead of having it just sit around your home taking up space.
What do you think are the best places to sell used electronics?
Welcome to my Decluttr Review! Are you thinking about selling some of your stuff to make extra money? Decluttr might be the perfect way to sell your stuff online instantly as this is one of the best selling apps for electronics. You can trade in your devices like phones, game consoles, iPads, tablets, MacBooks, DVDs,…
Welcome to my Decluttr Review!
Are you thinking about selling some of your stuff to make extra money?
Decluttr might be the perfect way to sell your stuff online instantly as this is one of the best selling apps for electronics. You can trade in your devices like phones, game consoles, iPads, tablets, MacBooks, DVDs, and more.
I have personally sold a cell phone on Decluttr and I found the process to be very easy, and that is why this is my top choice if you are looking to sell your used electronics easily and hassle-free.
In my Decluttr review, I’m going to show you how Decluttr works, its pros and cons, and what you can expect when using this site.
You can check out Decluttr by clicking here.
Decluttr Review
Below is my Decluttr review.
What is Decluttr?
Decluttr is a website and app you can use to sell your used items. You can sell a ton of different items such as:
Cell phones
iPad and tablets
MacBook and iMac
Apple Watch
Gaming consoles
iPods
Laptops
Books
Video games
DVDs
Blu-rays
CDs
iPhones
You can either type in what you want to sell onto their website or scan the item’s barcode with your phone. Decluttr will then give you an instant price for it.
One nice thing is that they provide free shipping. You pack your items and send them to Decluttr. Decluttr checks the items once they arrive. If everything is okay, you get paid.
The website has excellent reviews, scoring 4.3 out of 5 stars on Trustpilot, with over 28,000 reviews.
The items Decluttr buys
Decluttr buys a lot of different things, which makes it easy to get rid of stuff you don’t need. You can sell your electronics, media, and even books.
I touched upon it a little above, but I want to talk about each item a little more below.
When it comes to electronics, you can sell items such as:
Smartphones (like iPhones and Samsung Galaxy)
Tablets (like iPads and Android tablets)
Game consoles (like Xbox and PlayStation)
Wearable tech (like smartwatches)
Laptops (like MacBooks and Chromebooks)
Decluttr also buys:
CDs, yes they even accept CDs!
DVDs from movies and TV shows
Blu-rays from movies and TV shows
Video games
Textbooks
Fiction books
Nonfiction books
You can see what Decluttr will pay you by clicking here.
How Decluttr works
Decluttr helps you to sell your unwanted items like electronics, CDs, DVDs, and game consoles easily. You scan your items (or type them into their website), get a price, and then ship them to Decluttr for free.
Here’s how Decluttr works:
Gather the items you want to sell – Find old CDs, DVDs, games, or tech gadgets you want to sell.
Go to the Decluttr website – Click here to head to their homepage where you can type in what you want to sell.
Get a quote – After scanning/typing, you’ll get an offer for your items. Review it and decide if you’re happy with the price.
Pack and ship for free – If you accept the offer, pack your items in a box. Decluttr provides free shipping labels, so you don’t have to pay for shipping. You will need to find a box, though, to put the item in. Any box that will keep the item secure and not get damaged will do. It does not have to be the original box that you bought the item in.
Get paid – Once Decluttr receives and checks your items, they will send your payment. You can choose between direct deposit, PayPal, or a check.
This process is simple and only takes a few minutes. It’s an easy way to clear out clutter and make some extra money.
Why choose Decluttr
Decluttr gives people a simple way to sell your stuff while making sure that everything stays safe (there are so many scammers on some other selling platforms).
What I like about Decluttr is that you don’t have to deal with creating a listing or customer service. Yes, you may earn a little less money than if you sold the item yourself, but it is hassle-free and fast.
This process is fast and user-friendly, even for those who aren’t tech-savvy. You don’t have to deal with auctions, negotiating, or waiting for buyers. This convenience makes Decluttr a good choice for busy people.
Plus, Decluttr has a high rating on Trustpilot, so you can trust this site.
The prices you see are the prices you get. There are no hidden fees or surprise costs, so everything is clear.
Here’s a screenshot I took that shows how much money you can make selling an iPhone 12.
How much money can you make with Decluttr?
You can make money by selling things like old CDs, DVDs, electronics, and game consoles on Decluttr.
Here are some examples of what you may be able to earn:
Apple iPhone 12 (256GB) in excellent condition can earn you around $188.00
2020 Apple MacBook Air Core i3 1.1 13″ 8GB can earn you around $195.99
Samsung Galaxy S10 (512GB) can earn you around $38.00
Apple iPad Pro 12.9” (2018) Wi-Fi + 4G 1TB in excellent condition can earn you around $307.99
Nintendo Switch can earn you $66.99
When I sold my old cell phone on this site, I earned around $100. It was an old phone that was just sitting in a drawer and being unused, so this was an easy way to make some extra money without much work.
Selling small items like books, CDs, and DVDs won’t give you a lot of money. They might pay just a few dollars each. Don’t expect big payouts for small items, but selling many at once can add up. This can be a good way to clear clutter and make some extra money.
Recommended reading: 11 Best Ways To Sell Used DVDs Online And Locally
Tips for increasing your earnings on Decluttr
There are some small things that you can do to make a little more money when selling your old stuff on Decluttr.
One way to earn a little more is to try to improve the condition if you can. This is because Decluttr pays more for items in good condition, so make sure your items are clean and free from damage.
For electronics, check if they:
Power on and work properly
Have no cracks or major scratches
Include accessories like chargers
Books should have:
Intact covers and pages
Minimal writing or highlighting
Wiping down the item you want to sell can go a long way as well, as it will be more presentable.
Doing these things can make a big difference in how much money you get from Decluttr.
Below is a video from Decluttr that may help you determine the grade of your item.
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Frequently Asked Questions
Here are some common questions people have about using Decluttr. This will help you understand how it works and if it’s a good option for you.
Does Decluttr pay well?
Yes, Decluttr pays well. Decluttr pays competitive prices for used electronics, media, and other items. For example, selling an old phone can earn you over $100, but DVDs and Blu-rays might not pay as much. It’s good to compare prices with other selling sites to see which is best for you. Also, you may want to compare what you may be able to earn if you listed the item for sale yourself, such as on eBay – this may help you realize if it’s worth the extra effort to sell it on your own.
Is selling to Decluttr safe?
Yes, selling to Decluttr is safe. The platform has a good reputation and many people use it. It also has a 4.3-star rating on Trustpilot, with most users having a positive experience.
What items are rejected by Decluttr?
Decluttr does not accept damaged items or items that don’t meet their quality standards. Broken electronics, missing parts, and heavily scratched CDs or DVDs will likely be rejected. Make sure your items are in good condition before selling. That being said, they do take items in poor condition, so it may not hurt to try selling it to Decluttr before just tossing it in the trash.
How long does it take to get paid from Decluttr?
Typically, you will get paid within a few days after Decluttr receives and checks your items. Payment is usually processed the day after the inspection is complete.
Does Decluttr pay for shipping?
Yes, Decluttr covers the shipping cost. They give you a free shipping label, so you don’t have to worry about extra expenses. Just pack your items (you will have to find a suitable box for the item you want to sell), attach the label, and send them off.
Does Decluttr charge fees?
No, Decluttr does not charge any fees to sell your items. What you see is what you get. You won’t have to deal with hidden fees or unexpected charges during the process, which is very nice.
What are the best Decluttr alternatives?
Some good alternatives to Decluttr include Amazon Trade-In, eBay, Gazelle, Facebook Marketplace, and Craigslist. Each platform has its own pros and cons, so it’s a good idea to compare them to find the best fit for what you’re selling.
Decluttr Review – Summary
I hope you enjoyed my Decluttr review.
So, is selling to Decluttr worth it?
Selling to Decluttr is worth it if you want a quick and hassle-free way to sell your old tech and media items. It’s convenient and easy to use, especially if you don’t want to deal with the hassle of selling items individually.
I have personally sold an old cell phone using the Decluttr app and I liked how easy the process was. I also like how this selling site gives you an instant valuation with an offer price and fast payments so that you can get paid as quickly as possible.
You can see what Decluttr will pay you by clicking here.
What do you typically do with your old electronics? Do you sell them?
Need to free up some room in your room or get rid of appliances that you have replaced? Here are the 9 best places to sell used appliances to make extra money. Instead of throwing out your used appliances when you upgrade to new machines, you can sell them for extra money. These appliances usually…
Need to free up some room in your room or get rid of appliances that you have replaced? Here are the 9 best places to sell used appliances to make extra money.
Instead of throwing out your used appliances when you upgrade to new machines, you can sell them for extra money. These appliances usually have plenty of life left in them still and people will pay to take these from you, saving you the time and hassle to take these appliances to the dump.
In this guide, I’ll go over the best places to sell used appliances, ranging from Facebook Marketplace to local scrap metal companies. Whether it’s a refrigerator, dishwasher, or washer and dryer, you can sell your appliances for cash.
Best Places To Sell Used Appliances
Here’s a list of the best places to sell used appliances for cash.
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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.
1. Facebook Marketplace
Facebook Marketplace is a great place to sell used appliances online. It has lots of potential buyers (everyone uses Facebook these days!) and makes it easy to list your items.
To get started selling an appliance on Facebook Marketplace, log on to Facebook and navigate to Facebook Marketplace. Click “Create a Listing” and select a category like appliances or household goods. Make sure to add high-quality photos of the appliances from different angles and highlight any dings, dents, or imperfections. You’ll also want to include details such as make, model, age, condition, dimensions, and any unique features the appliance has.
I went on Facebook Marketplace and I saw a lot of appliances for sale, such as microwaves, stoves, dishwashers, refrigerators, ovens, washers, dryers, and more.
2. Local Facebook groups
Local Facebook Groups are a great place to sell used appliances. I’m in a few local Facebook buy-and-sell groups and they’re one of the quickest ways to sell things around my house.
These groups are an easy and quick way to sell used items because you’re targeting a local audience which means you can find a buyer in your town. There’s no shipping hassle, which means faster transactions. You’re also saving money on fees since local Facebook groups do not charge fees to buy and sell items.
To find a local buy/sell Facebook group, go to the Facebook search bar and enter keywords like “[your city] buy and sell”.
I recently saw someone list all of the used appliances in their kitchen (they were doing a remodel), and they had a LOT of people wanting to buy their items.
3. eBay
eBay is a great platform to sell used appliances online simply because so many people use this site. This means your items have the reach to people who are looking for what you’re selling. With eBay, you can reach people all over the country and even internationally.
You also have the option of selling used appliances through auctions, allowing people to bid on your appliance until the auction ends. Or you can choose to sell the used appliance for a fixed price.
eBay has seller protections and policies in place, and can also help resolve disputes with buyers. This helps if you run into any issues with non-payment or fraudulent buyers.
4. OfferUp
OfferUp is an app that allows you to buy and sell items locally. This app functions the same as other online platforms, but is specially designed for mobile use. The app is super user-friendly making it easy to browse listings, message others, and arrange transactions.
The app has millions of users in the United States, so you have a good chance of finding someone to buy your used appliance. Listing an item on OfferUp is fast and easy to do on your phone. The app also has safety features like user ratings, ID checks, and safe meeting spots.
There are no listing fees on OfferUp, however, there is a 12.9% fee for the item’s final price when you accept a buyer’s offer. OfferUp has seller protections in place including secure payment options and fraud prevention measures.
5. Craigslist
Craigslist is a simple website where you can find jobs, housing, items for sale, and more. Selling a used appliance on Craigslist is a good idea because you can list items in your local area. This makes it easy to find buyers near you.
For items like large appliances, Craigslist is a popular place buyers look to get these items since people prefer to buy locally to avoid shipping costs. Craigslist has zero fees for selling used appliances, which means no listing fees or commissions.
Listing an item on Craigslist is fast and easy. You can add photos, descriptions, and set a price in just a few minutes. People on Craigslist are always looking for things like refrigerators, washing machines, stoves, and other large appliances. So, you’re likely to find someone who wants to buy what you’re selling.
6. Local used appliance store
You can also sell your appliance to local appliance stores. These stores usually have an easy selling process, allowing you to quickly sell your appliance without having to list it on an online marketplace and wait for a buyer to pick it up. Used appliance stores also pay immediately for these items, which means you can get cash on the spot.
Used appliance stores know a lot about appliances and can check the condition of yours. They will give you a fair price for it. You also avoid the risks of selling to individual buyers, like scams or not getting paid.
To find a local used appliance store near you, search on Google “used appliance stores near me” and you’ll likely find at least one store that sells used appliances near you.
7. Pawn shop
Pawn shops are a great place to sell used appliances for cash. They are convenient, give you money right away, and have no listing or selling fees. You get cash on the spot, so you have quick access to your money. Selling at a pawn shop means you don’t have to worry about fees taking away from your profit.
Finding a pawn shop near you is easy, and you probably have a few nearby. To find one, just search “pawn shops near me” online. A list of pawn shops will show up based on how big or small your city is.
8. Garage sale
Selling used appliances at garage sales or yard sales is a great option because it allows for direct sales to local buyers in your community. Garage sales attract shoppers looking for bargains which can mean a quick sale for your used appliance. There’s also the great benefit of being able to declutter and sell all kinds of items around your house you no longer use.
The best time to have a garage sale is usually the weekends, when the weather is good (spring, summer, and fall), and when there are local events going on in your town. For example, my city has tons of garage sales on weekends where there is also a festival going on. This is because the festival brings in over 100,000 people, which means more people to check out your garage sale that otherwise wouldn’t be in the area.
Recommended reading: 22 Ways To Make Quick Money in One Day
9. Local scrap metal company
Selling used appliances to a local scrap metal recycler is a good idea if your appliance is no longer in working condition. Scrap metal companies may accept appliances in their entirety, but others will want you to separate the metal components. Make sure to contact the scrap metal company to see how they accept used appliances.
You can find local scrap metal companies by searching “scrap metal company near me” on Google. Once you find a scrap metal company you like, contact them and share which appliances you have and their condition. Once you take the appliance to the scrap metal facility, the appliance will be weighed to determine the amount of metal it contains. You’ll be offered a price based on the current market value of the metal and payment is usually either cash, check, or via electronic transfer depending on the company.
Frequently Asked Questions
Below are answers to common questions about how to sell used appliances.
What kind of used appliances can I sell?
You can sell all kinds of used appliances around your home, including:
Refrigerators
Washing machine and dryers
Stoves and ovens
Dishwashers
Air conditioners and heaters
Water heaters
Fans and air purifiers
Vacuums
Microwaves
Coffee makers
Deep freezers
Blenders
Toasters
The condition of the used appliances, age, brand, and other features will factor into the resale price. The appliance should be in working condition and reasonably cared for.
How can I make money with old appliances?
There are many ways you can make money with old appliances, including:
Selling them on sites like eBay, Craigslist, Facebook Marketplace, etc.
Trade-in programs where certain appliance manufacturers will exchange your old appliance for credit towards a new appliance
Appliance resale shops where the business specializes in buying and selling used appliances
Selling the old appliance for scrap metal
Disassembling and selling individual components like the motor, control panels, and knobs of the appliance online
How can I sell my washing machine?
To sell your washing machine, make sure you clean and prepare it before posting pictures or handing it over. Gather any important manuals and take high-quality photos of the machine from different angles. You’ll also want to make sure to take pictures of any imperfections or damage, so buyers can see everything clearly.
Next, decide which selling platform you want to list your appliance. The most popular platforms include Craigslist, Facebook Marketplace, and eBay, and you’ll have to write a descriptive listing that highlights the key features of the appliance and share what kind of condition it is in. You should also share whether the buyer has to pick up the appliance or if you’re willing to deliver it for a fee.
How can I make money with my old fridge?
You can make money with your old fridge by selling it online (such as on Facebook or Craigslist), placing ads in your local newspapers, or by selling it for scrap metal if it’s no longer in working condition. If your fridge has workable parts, you can sell the individual components online. Common parts that you can sell from your fridge include shelves, drawers, door handles, and compressors. Before selling your old fridge, make sure to thoroughly clean it for the buyer (no one wants to willingly buy an old, dirty, stinky fridge).
Where can I sell used appliances online?
There are many places where you can sell your used appliances online such as Craigslist, Facebook Marketplace, eBay, OfferUp, Letgo, Nextdoor, and appliance-specific websites such as Appliance Exchange and Used Appliances For Sale.
What is the best app to sell used appliances?
The best app to sell used appliances includes Facebook Marketplace and OfferUp. These apps allow you to list items for sale to users in your local area making it convenient to reach a large audience of buyers. These apps are easy to use and allow messaging between buyers and sellers.
What can I do with a used appliance if no one will buy it?
If no one will buy your used appliance, you may want to donate the appliance to a charitable organization (like the Salvation Army), thrift store, or community center that accepts donations of used appliances. You can also recycle the appliance by seeing if your city has an appliance recycling program (many do!). If you decide to throw away the used appliance, make sure to dispose of it properly. Your city likely has specific regulations for throwing away large appliances, so it’s important to follow guidelines to make sure you’re throwing them away properly.
Best Places To Sell Used Appliances – Summary
I hope you enjoyed this article on the best places to sell used appliances to make extra money.
As you can see there are many places to sell your used appliances ranging from Facebook Marketplace to a used appliance dealer. So whether your appliance is in working condition, needs a repair, or is no longer running, you may be able to find a way to sell the item for cash.
Many people let the appliance company take away the old appliance when they purchase a new one, even if it still works because it’s easy. I understand, appliances are big and heavy. But you could make some extra cash by selling it instead!
So, whether you have a laundry set, a stove, a fridge, or something else, you may want to list it or sell it online to see if you can make any extra money.
Have you ever had to sell used appliances in your home? How much money did you make?