You might think that selling your car on Craigslist is a no-brainer.
You can just rent it out for a few days and rent it back, right?
It’s much harder than that.
First of all, you need a vehicle.
Craigslist is not an online market.
The site’s terms and conditions prohibit “fraud, misrepresentation, or deception” and “the promotion of a fraudulent sale.”
You can’t sell your car to someone with a false pretense of being a legitimate owner, for example.
You also need a credit report.
Craigslist only allows you to list a single, public credit report, which you must upload to the site every time you request a car.
So if you have a car with a bad credit score, you can’t advertise it for sale.
Your best bet for finding a good auto loaner is to ask friends and family members for recommendations.
Craigslist allows you “to submit offers via email and text messages” and you can “select one of our auto loan specialists to assist you.”
But you have to sign a confidentiality agreement with Craigslist, which means you can only tell your friends and relatives what you’ve been up to.
You also have to pay for the time and materials you spend on the site.
If you’ve got a car loan with a good rating, but no credit history, you’ll want to look into an online car loaner.
There are a few online lenders that have a good reputation and will make you feel comfortable before you buy.
But before you decide to go with an online lender, make sure you’re buying a car that meets your financial needs.
You may also want to read our guide on how to get a better loan rate online.