Smart sellers insist
on KeySavvy
The safest way to accept payment when selling a car.
No trips to the bank
Direct Bank Transfer
Your buyer can securely pay for your car online and you're protected from scams.
No Bags of Cash
Cash can be counterfeit, lost, or stolen and is annoying to deposit.
No Cashier's Checks
Cashier's checks are commonly forged and require bank verification.
How does it work?
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Add your car to KeySavvy
When you add your car to KeySavvy, we'll give you a link that buyers can use to pay you online.
Share your KeySavvy link
Share your KeySavvy link with your buyer or list your car for sale wherever you like. Include your link or QR code image in your ad to deter scammers.
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Ask your buyer to pay online
There's no need to handle cash or verify a cashier's check. Buyers can use your payment link to pay online using their bank account. You'll get an email when we've verified payment from your buyer.
Get paid
Hand over the keys and we transfer the funds directly to your bank account. If you have a loan, we'll pay your lender directly to close the account.
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Frequently Asked Questions
Does KeySavvy charge a fee?
Sellers pay a flat fee of $79. If the vehicle has a loan, KeySavvy charges an additional $99 to pay off the loan as part of the sale.
Buyers also pay a flat fee of $79.
Buyers and sellers can split fees equally, or have one party pay all fees.
Can I use KeySavvy if I still have a loan?
Yes! You don't need to pay off your loan before you sell your car -- KeySavvy will pay it off as part of the sale process when your buyer pays with KeySavvy. We charge sellers a $99 fee when there is a loan or lien on a vehicle.
How to sell a financed car with KeySavvy
Can I set my own price?
Yes, you control the sale price of your vehicle. KeySavvy is not involved in the price negotiation between you and your buyer.
How do I get paid when my car sells?
When your buyer pays with KeySavvy, we can send payment by direct deposit (ACH), check, and in some cases, Zelle. You can choose how you'd like to be paid on your account page. The person receiving the payment must be a legal owner of the vehicle.
When do I get paid for my car?
After KeySavvy verifies and approves a sale, we'll send you an email letting you know it's OK to give your vehicle to the buyer. For most transactions, we'll initiate your payment as soon as the buyer confirms they have possession by clicking a button on their KeySavvy dashboard.
For sales where you need to mail your title to KeySavvy, we'll still initiate your payment as soon as you hand over your keys, but only if we've received and processed your title. Sales that require mailing your title to KeySavvy include those where the buyer is shipping the vehicle, the buyer is applying for the Used EV Tax Credit, or if you have a loan and reside in a title-holding state. KeySavvy may require mailing your title for other sales, but we'll let you know in advance.
Many sellers choose to mail their title in advance, before handing over the keys. After you and your buyer agree on a price, we'll provide a guide for signing and mailing your title.
When do I give my car to the buyer?
After KeySavvy verifies your buyer's payment and approves a sale, we'll send you an email letting you know it's OK to give your vehicle to the buyer. Don't give your vehicle to the buyer until KeySavvy has verified your buyer's payment. After we approve, you and the buyer can determine when and where to meet to hand over your keys or arrange vehicle shipping.
Do you create a bill of sale?
Yes, KeySavvy generates a bill of sale automatically. Buyers and sellers e-sign this document and can download it from their dashboard at any time in the future.
Does KeySavvy help advertise my car?
KeySavvy does not advertise your car, but sharing your KeySavvy link on your ad will help buyers feel comfortable purchasing your car. To find a buyer, you'll want to advertise your car for sale on one or more online marketplaces such as Craigslist, OfferUp, Facebook Marketplace, Cars.com, CarGurus, Autotrader, eBay, etc. Our blog has lots of great resources to help sellers, like marketplace reviews and guides for creating stellar ads.
Can my buyer finance their purchase?
Yes, KeySavvy allows buyers to finance their purchase through their own bank or credit union.
Unlike a traditional private party sale with buyer financing, the process for sellers is simple: After you and the buyer agree on a price, we work with your buyer to collect payment from their bank. You hand over the keys and we send your payment. You don't have to wait for the buyer or their bank.
Note that if you currently have a loan, most lenders won't allow your buyer to finance their purchase.
Can I buy or sell a motorcycle, truck, or RV using KeySavvy?
Yes, KeySavvy supports cars, trucks, motorcycles, trailers, RVs, snowmobiles, and ATVs! As long as the vehicle is titled in the United States, we can verify the seller's identity, check for loans and liens, and allow buyers to pay online. When buyers pay with KeySavvy, we guarantee buyers will receive a clear title and sellers will get paid.
Can I sell if I owe more than the sale price?
Yes. If your loan is more than the sale price of the vehicle (called "negative equity", "upside-down", or "underwater"), you can still sell with KeySavvy. In fact, we make it easier because you don't have to pay off your entire loan before selling your car.
When you agree on a price with a buyer, we'll get a 10-day payoff quote from your lender. We'll collect the difference between the sale price and the payoff amount from you before your buyer picks up the vehicle.
Can I sell another person's car?
Yes, you can help another person sell their car with KeySavvy. We do require all legal owners to verify their identity and e-sign the sale documents, and we can only send the seller's payment to a legal owner of the vehicle.
Can I sell my car if my registration has expired?
Yes, it is legal to sell your vehicle even if the registration has expired. In some states, such as California, the DMV may require you or the buyer to pay outstanding registration fees when selling it to a buyer within the state. If selling to a buyer out of state, you generally do not need to pay unpaid registration fees when the buyer registers the vehicle.
Copyright © KeySavvy, Inc., a public benefit corporation.
KeySavvy is a licensed auto dealer, regulated by Minnesota Driver & Vehicle Services. License #DLR100357.