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.

After the seller adds their vehicle to KeySavvy and a buyer accepts their price, verification generally takes 5-10 minutes. If the seller has a loan, we'll contact their lender which can delay a transaction depending on the lender. After the buyer submits payment, we usually approve the transaction within 15 minutes.

Yes, KeySavvy enables you to purchase a vehicle when the seller still has a loan or lien.

In a typical private party sale, the seller can't transfer ownership to you without first paying off their loan. Paying a seller with cash or a cashier's check and not receiving the title right away is risky for buyers. Because KeySavvy is a licensed dealer, we can handle the loan payoff and sale as part of the purchase process, and issue a temporary permit that allows you to legally drive the car right away.

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.

Unlike payment apps like PayPal and Cash App, KeySavvy verifies the buyer's identity and the seller's ownership of the vehicle. We guarantee buyers receive a clear title and sellers get paid. In contrast, PayPal explicitly excludes vehicles from purchase protection.

Other peer-to-peer payment services are primarily intended for smaller transactions between friends and family. They have limits that are much lower than a typical vehicle sale price. KeySavvy has no transaction limit and guides buyers and sellers through the process, including help with all the necessary paperwork and title transfer. As a licensed dealer, we have access to data that enables more thorough verification and helpful services like temporary operating permits.

Yes, in order to register your vehicle, you will need to pay taxes and registration fees to your state. KeySavvy doesn't collect taxes and fees when you pay for your vehicle, except for Minnesota residents. For all other states, you'll pay taxes and fees when registering the vehicle at your local DMV.

If you're a Minnesota resident, KeySavvy will register the vehicle for you. We'll reach out to collect additional information, such as a picture of your insurance card and your preference for license plates.

Yes, KeySavvy works with most local banks or credit unions. Because KeySavvy is a licensed dealer, we're able to work with lenders that don't normally finance private party sales.

Before you shop for your car, we recommend you get pre-approval from your bank or credit union so you know how much you can borrow. Let your bank know that you're buying from an independent car dealer, since some banks don't offer loans on regular private party sales. Note that if your seller has a loan, most lenders won't allow you to finance your purchase.

When you and the seller agree on a price, KeySavvy generates a Purchase Order that you take to your bank. Your bank issues a check or sends a wire transfer to KeySavvy for the loan amount. After KeySavvy verifies the payment, you pick up your car, and we pay the seller and take care of the paperwork.