Are you looking for a Vroom review? But you may wonder if it is a scam.
Vroom is a car buying platform that focuses on customer service and ease of use. You can use the information in my Vroom review to find out if the service is right for you.
The company focuses on selling used cars with low mileage. Let’s say you want to sell a used car and hope to do so as soon as possible. If you’re looking for a car online, Vroom might be the best option for you.
As a disclaimer, I’m not affiliated with Vroom. It means I’m not paid to write this review. So you can rest assured that you will get an honest and unbiased review from me.
At the end of this review, I’ll also tell you the best alternative to Vroom that has enabled me to make a full-time passive income online.
What is Vroom?
Vroom, headquartered in New York City, is a nationwide online used car dealer. The company has a second conveniently located location in Stafford, Texas, where it reconditions pre-owned vehicles.
The company was founded in August 2013 and by December 2021 will have hired approximately 1800 employees to help you buy or sell a car.
Vroom is now a respected player in the competitive online car buying market. The company has a revenue forecast for 2021 of $2.6 billion and is listed on Nasdaq under the name VRM.
How Does Vroom Work for Car Sellers?
The Vroom app enables you to;
- Provide more information about your vehicle.
- Buyers should make firm offers.
- You can either cash out or trade in your car for its value.
- Accept or reject offers within seven days.
- Verify the information and arrange a free pickup.
In addition, you can cash out your used vehicle or negotiate a trade-in value for the purchase of a new vehicle.
How to Sell Your Car to Vroom?
Vroom makes the process of selling your car fast and easy. To help us better serve you, please fill out the short online form with information about your vehicle, including year, make, model and mileage.
After you complete the form, you will be presented with a purchase offer. Vroom will purchase your car, inspect it and pay you cash once it is repossessed, provided you accept the offer.
Instructions on how to sell your car to Vroom can be found below.
Step #1 – Fill out the form
Get a free, no-obligation quote by visiting Vroom and filling out the quick online form. The information you submit will be used to determine the market value of your vehicle.
Below is the most important background information you should know:
- VIN or license plate number
- Exact mileage
- Trim level (LE, XE, SLT, etc.)
- Vehicle history
- Vehicle’s condition
Step #2 – Get a no-obligation offer from Vroom
Your online application will be reviewed as soon as possible, but the exact time frame will depend on the make, model, year and condition of the vehicle you are selling.
Before you submit a bid, they may ask a few more questions or request additional information. Once you submit your vehicle information, a representative will contact you within 30 minutes with a cash offer for your vehicle.
When you fill out the form and provide your vehicle’s mileage, you will receive a purchase offer for your car that is valid for seven days or 250 miles.
One advantage of Vroom is that the offer is final and cannot be changed. This means that they will not negotiate with you if you offer a lower price.
The good news is that you now have a credible offer for your car and can use it to look around at other reputable online car buying companies like Peddle.
If the valuation meets your expectations, you can move on to the next steps.
Step #3 – Complete paperwork
Once you’ve decided to sell your car and you’re satisfied with the offer, you must deliver the vehicle title to Vroom in order to complete the sale.
The mandatory papers include:
- Valid identification
- Valid vehicle registration
Vroom will give you seven days to submit the required documentation. Vroom will review the documents once you’ve submitted them and arrange a date that’s convenient for you to pick up the vehicle.
Step #4 – Schedule pick-up time
Once an appraiser has verified that your paperwork is in order, they will contact you to schedule an appointment to pick up your vehicle at no charge.
Once the appraiser has loaded your vehicle and all relevant documents, he will notify the centre that he now has control of the vehicle.
Step #5 – Receive payment
Within two to three business days of notifying the driver that your vehicle is safe, Vroom will process your payment. The check is usually mailed the day after pickup, but it can take up to a week to reach its destination.
You can use the trade-in option on the Vroom website to purchase a vehicle if you find one you like from the online inventory.
How Much Can You Get for Your Car With Vroom?
The model, age and condition of your car all play a role in determining the price you can get when selling through Vroom. For example, an average used BMW 2 Series Gran Coupe costs $7249 on Vroom.
Who is Vroom Best for?
Vroom is the ideal option for people who want to sell their car and earn some extra money. It is also ideal for those who are looking for a reliable online marketplace for buying cars.
What Types of Vehicles Does Vroom Purchase?
Vroom is very picky and only buys vehicles that meet his high standards. For example, he only registers cars that have never been in an accident. Vroom frequently attends wholesale auctions to purchase a large quantity of vehicles.
Vroom’s expert inspectors make sure your potential vehicle passes all required inspections before you buy it.
Does Vroom Offer Financing?
Vroom accepts cash, personal loans and internal financing for vehicle purchases.
Note that Vroom Finance does not personally lend you the money when you choose to finance. Instead, they act as a loan broker and forward your application to institutions like Ally Bank and Chase, with whom they have relationships.
Vroom takes a cut of the deal and acts as an intermediary.
Car dealerships and other intermediaries make money from brokering consumer loans, so they may suggest options that are not in your best interest.
The best way to find out what interest rate a car dealer will offer you is to do an online pre-application for a car loan.
If Vroom’s interest rate on a car loan can not be matched or beaten, you can stick with the loan you already have.
How Fast Can You Sell Your Car With Vroom?
Vroom makes it easy and fast to sell your used car. Most of the vehicles the company buys are either used or certified, and selections are usually made within two to three days of accepting an offer.
How Much Does it Cost to Use Vroom?
As a seller, you don’t have to pay anything to use Vroom. Instead of listing your car with a third party and hoping for a buyer, you can simply sell your car to Vroom and save yourself the trouble of selling it yourself. You get an offer from Vroom, Vroom buys your car, and then Vroom resells it.
Beware of taxation: Vroom usually takes care of all taxes except sales tax.
Vroom Payment Options
Vroom will process your payment and send you a check for the amount owed within two to three business days after you pick up your vehicle.
Is Vroom a Scam or Legit?
Vroom is not a scam. Buy, sell and finance a car with Vroom, a reputable online car seller. Vroom scores 1.4 out of 5 on Trustpilot, 4.3 on Google Play, 4.7 on Apple’s App Store, and 3.1 on Consumer Reports.
Consumers like that Vroom’s prices never change. Others have found that buying a car through Vroom is easy and fast.
However, several customers have reported that the vehicles sent to them were damaged or otherwise did not work.
Others have complained that the platform’s help desk is slow to respond to questions and problems.
All in all, Vroom is a reliable platform to sell your car online.
To help you become familiar with Vroom, there is a detailed page FAQ, articles, tutorials and guides. A support representative is available via email or real-time chat if you have further questions.
What I Like About Selling A Car To Vroom (Pros)
- The process of buying a car from Vroom is quick and easy.
- The process is done online and takes only a few minutes.
- Within 30 minutes you will have a purchase offer.
- After you receive your offer, there is no obligation to sell.
- Accept the offer within seven days and drive 250 miles.
- You will pick up your vehicle at no charge.
- There are no fees for selling your vehicle.
What I Don’t Like About Selling A Car To Vroom (Cons)
- Vroom’s offer may be lower than the price you would receive if you sold the vehicle yourself.
- The price Vroom offers to buy your vehicle is not negotiable.
- They tend to spend more on newer vehicles and less on older ones.
- Many review portals give Vroom a low satisfaction rating. However, most of these ratings are related to the sales portion of the company’s plan.
What I Like About Buying A Car From Vroom (Pros)
- You have a wide selection to choose from.
- Free delivery to your address
- You do not need to negotiate, because the price is fixed and you know exactly how much you will pay for the car.
- Vroom only sells vehicles with a clean title.
- Free vehicle history report
- Many pictures and details about the vehicles
- There are three alternative ways to pay for the car.
What I Don’t Like About Buying A Car From Vroom (Cons)
- No trial runs are available.
- No haggling – This may prevent you from getting the best price available.
- The return policy is relatively lax, but that’s normal for online retailers.
- Refunds only include the purchase price of the vehicle.
- They have a long list of customer complaints.
- There may be delivery charges.
- As for customer reviews, Vroom’s customer service seems to vary between good and bad.
Let’s say you use Vroom to find a car you want to buy. Make sure you thoroughly read and understand all documents before signing them.
Alternative Sites to Vroom
Vroom vs. Peddle
You can make money by listing your car for free on Peddle or Vroom, two reputable websites. While Peddle pays you your money when you pick up your car, Vroom pays you 2 to 3 days after you pick up your car. Signing up on either site won’t cost you a dime.
As with Vroom, there are no hidden fees or charges of any kind with Peddle. Unlike Vroom, which is picky and has conditions that must be met before you can buy your car, Peddle will buy your car regardless of its condition.
Vroom vs. Wheelzy
Both Wheelzy and CarBrain offer a reliable service and could work well if you need to sell your car immediately. Wheelzy is another app that, like Vroom, offers free pickup and towing services.
The interfaces of both systems are intuitive. Unlike Vroom’s 7-day acceptance period, Wheelzy only allows 5 days.
Wheelzy’s turnaround time is only 24 hours, while Vroom’s is between two and three days.
In addition, Wheelzy uses artificial intelligence (AI) to estimate vehicle prices, while Vroom does not use any technology in this regard.
Vroom vs. eBay Motors
eBay Motors, like Vroom, is a free service that you can sign up for and use. The turnaround time for eBay is 48 hours, while for Vroom it is between two and three days.
Vroom does not provide tools that let you estimate the price of vehicles on its platform, but eBay Motors offers an auction option that lets you sell your car if you do not know its value.
Moreover, both marketplaces focus on selling cars and car parts. As for the cost, Vroom’s services are free, while eBay Motors charges a listing fee between $19 and $79, as well as 2.35 percent of the transaction price above $7,500.
Vroom vs. CarBrain
Vroom is picky about the vehicles it buys from sellers, but CarBrain considers vehicles in a wide range of states.
CarBrain, like Vroom, makes it easy to sell your car by simply entering some basic information, accepting an offer, and receiving payment immediately.
CarBrain, like Vroom, offers on-site pricing and a free pickup service.
Can you negotiate with Vroom?
With Vroom, there is no talk. You can be sure that the offer you receive from Vroom for the purchase of your used car will not be changed.
Is Vroom secure?
To keep your personal and financial information secure, Vroom uses high-level encryption technology. In addition to SSL encryption, a second authentication element is used.
Does Vroom have a return policy?
Vroom has a 7-day / 250-mile return policy.
Does Vroom accept trade-ins?
The trade-in value of your vehicle can be increased by taking advantage of Vroom’s free pick-up service.
Vroom Review: Final Verdict
Vroom is a trustworthy car buying service that makes favourable offers at market prices. You will receive a price from the Vroom team within 30 minutes of submitting your online request, and you have 7 days to accept or reject the offer.
In addition, the company processes your payments and sends you a check within two or three business days of taking delivery of your vehicle.
Vroom is a reputable option for selling your vehicle online, as the company accepts vehicles in good condition and has fixed prices.
Best Alternative of Vroom to Make Money
If you want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.