LOUISVILLE, Ky. (WDRB) -- Used cars are continuing to rise in 2025, which is great news if you are looking to trade in your old vehicle.
An instant cash offer may sound like a great way to unload it, but be careful.
The cash offers are so convenient, as long as your description checks out. They will write you a check on the spot for that amount and may even pick up your car right from your driveway.
A recent report states instant cash offers are often less than the KBB trade-in value because the dealer isn't making any money selling you a new car, so they have little incentive.
It's recommended to check multiple buyers, including:
- Local dealers
- CarMax
- Carvana
- Vroom
- Autotrader
- Peddle
As used car lots continue to build inventory later this year, you may find fewer instant cash offers and they may be lower.
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