Carmax in my eyes was never kind for a modded car, s4 in Carmax eyes are rare so they will pay a higher dollar for them but once modded as everyone else says it cuts the value in half seeing the populace to buy that car has shrunk two fold. I had gone to three dealerships one time and two dealerships in a row were willing to give me $1,000 - $1,500 more than Carmax (and the car was appraised under $10k at all three places, so it's not like a small difference), even without buying a car ⦠As a sales person for Carmax for the last three years, I can tell you that returning a car within the five-day period is extremely easy. But you may get lucky and find the right buyer. 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Every car sold goes through a stringent testing process. Watch: NFL Reporter Says 'Super Bowl LV Is The LSU Invitational', Watch: Skylar Mays Scores His First Points In The NBA, LSU Asst. Being patient paid off. I hope u do realize that the longer you hold it, what you consider a shite offer now is what you will be begging for. I don't want to give it away is what I am saying. I've sold cars to CarMax over the years. You may have even heard ads on the radio. You guys still haven't answered my original questions since NONE of you have sold a car to carmax, so why the hell bother replying my thread? My parents sold a 2002 Camry (base with no options) with 220,000 miles for $4450, so I guess it's possible. Copyright @2021 TigerDroppings.com. re: Has anyone used Carmax to sell a car? CarMax has simplified the process and itâs far less painless than the experience so many endure at regular dealerships or smaller used lots. They won't give you 20k, and probably not 17k. Damn 7k is a lot for an 8 year old car with 100k+ miles, IMO. Am asking $8k for a 2003 Nissan Altima SE with 111k miles. No, I really mean I won't take less than $7500. On the flip side, they are very straight forward - here is what we can offer you, the offer is good till this date. They low ball you big time. They will just send it to auction. I sold a Honda CRV to Carmax about 3.5 years ago. KBB has it at ~$6k trade in and ~$7.5k retail. I have also encountered people that refuse to sell their car for a penny under $$$ to a person but when trading in or selling to CARMAX will take well less than that. My son works for CarMax. Their business practices are above reproach. CarMax, however, is different. If youâre looking to buy or sell a used ⦠The process is so easy that many YouTubers have posted videos of their high-value cars getting appraised at Carmax ⦠I once tried to sell them a car that was worth $12k trade in value per blue book and the frickers offered me $9k. So what should I base it on. The hilarious part is that when negotiations on a new car ⦠Youâve probably seen commercials for Carmax on television. Carmax will frickin rip you off. Youâll be required to sign some documents and receive a bill of sale. I've heard some horror stories about CarMax buying cars. Some car dealership sales people will tell buyers to sell the old stuff to Carmax to get a better deal. Sold the car 4 days later to a private buyer for $12.5k on Craigslist. It's not an STi but I am looking to sell it. Good luck! Selling a car, just like buying one, is a big financial transaction. I am financing a car for more than 2 years now, open credit. Well I am going buy what the blue book value is, so it may be high but it is what it is. Sounds reasonable though, since they have to resell... You will make more if you sell on your own obviously. Founded in 1993, CarMax is a car dealer that has a âno-haggleâ policy for buying and selling used vehicles. Car has no issues at all, so I think $8K is a good deal and still below the blue book. Carmax review from Phoenix, Arizona with 21 Comments: About two weeks ago I sold my vehicle to Car Max in Tolleson,Arizona. Remember, they're trying to sell the BEST used cars possible, and some sellers report they were put through hell with paperwork, documentation, examinations, many repeat trips out, etc. Used car dealerships, including Carmax, only operate on the profit from their vehicle sales. How do you think about the answers? If you owe on your car, theyâll give you a pre-printed check for the difference between their cash offer and your car loan.< Selling Your Car to Carvana: The Bad. Weâve heard from customers that private car sales can take longer than selling a car to CarMax. :dontknow: And I don't know of any other dealerships that buys a car from you and doesn't require you to buy one of their ⦠Yes I have sold one car to carmax, at the time it was a good price that was 3 years ago, when carmax took pride in doing what they do, all the horror stories above are true, now their own employees won't even buy a car or sell a car there. All told, it can take a lot of time â sometimes weeks or even months â to sell a car ⦠Just like CarMax⦠CarMax dealerships have buyers who work independently from the sales staff. Carmax has them selling with similar mileage and options at $9k min. They used to hire professionals and paid good money, now they don't pay crap and they really don't give a crap about quality, they are more concerned with making stock holders happy, I could go on and on but that's OK, just don't go there. Random comments and observations about my experiences: They don't haggle. I thought it would be a slam dunk, even though I know the economy is shitty. I would part out as best as you possibly can and then sell or just keep the car and make it a track car. According to its website, CarMax, Inc. is the nationâs largest retailer ⦠Sold the car ⦠Carmax will frickin rip you off. Hey won't offer him $6k on an 8 yo Altima. Who is supposed to sign certifying the mileage at the top section of this bill of sale? How hard is that to figure out. The 8500 you are looking at is dealer retail, and you ain't getting that. I once tried to sell them a car that was worth $12k trade in value per blue book and the frickers offered me $9k. Just curious if anyone has any first hand experience and where Carmax has ⦠They tend to bid low. I would have to get at least $7k otherwise may just keep it. 8. They put themselves on a pedestal with their no haggling price bull shite. I have already lowered it once and I know there will be some negotiating done, so leaving it where it is for now. You can't get a new car anymore for $10k, barely even $15K these days. I looked on ebay and autotrader and similiar cars are listed for the same price. Has anyone ⦠A typical used car ⦠Any input would be much appreciated. All they are going to do is look at what 8 yr old Altima's get at auction and offer less than that. Is the ford fiesta a reliable car or not? you are going to have it for sale a long time at that price, NADA doesn't mean much in this economy. Unlike new cars where manufacturer's kick in monthly incentives and quarterly bonuses, used cars must have high enough profit margins to keep their business operational. Hawaii's recovery shows what went wrong elsewhere, Teigen shares raw Instagram post on late baby Jack, Scientists were able to shoot down cancer's 'death star', Report: 2 kids hurt in crash involving Andy Reid's son, Netflix series cheerleaders linked to sexual misconduct, Hawley's wife files criminal complaint over protest, $1,400 stimulus checks to come within week of approval, Ex-Titans defensive lineman dies at 48 after cancer battle, Tucci reveals 'odd' connection between his 2 wives, Amazon is selling Apple's AirPods for rare low price, Pro-Trump host's show on Fox network canceled. All rights reserved. The entire process took 30mins, both time KBB private party sale prices or within $100 of it. @Rene/anyone else: Don't ever try to trade a car in to Carmax. I am sure you tried to trade it it and balked at the 5500 they offered you and carmax ain't going to be much better. One customer, Andréa Van Sickle, a work-from-home mom living in Dayton, ⦠I sold it on Autotrader.com for $6000. That policy is intended to simplify the process for people who donât want to ⦠I didnât want to deal with what I perceived as the hassle of taking calls from a bunch of Craigslist ⦠It will be harder for Carmax to move it off the lot, because of the high mileage. If you don't like it, then move along. The Biggest Used Car Retailer. Still have questions? When it comes to selling your car to a dealer, thereâs almost no easier way to get it done than going to Carmax. Anybody who sells to them or buys from them is just getting ripped off. So, it may depend on your patience level. A recent report by Automotive News shows just how much farther ahead of the field CarMax is compared to other major pre-owned retailers. Sold two cars to CarMax after OEM dealers lowballed the trade-in as usual. CarMax ensures that each car on their lot has ⦠Itâs always been odd to ⦠Some prospective buyers want owners to bring a car to their own mechanic for inspection. NADA blue book is $8500. I have never purchased a car from them - always was buying a new vehicle from another dealer - and using CarMax ⦠I sold a car (not Tesla) to CarMax this week after getting offers from them, Vroom, and Carvana. They afforded me about $1000 more than I was expecting so I took it. Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting. Lower your price to 7500 and take 7000, and that is only if your car is truly in excellent condition, which everybody claims there car is and few actually are. Want to sell my car but make interest on it offering financing? Forum discussion: Carmax is advertising their "e;Sell us you car"e; offer. Carmax probably won't sellthat vehicle. Actually they will buy cars from individuals with high mileage on them they just don't sell cars with 100,000 miles on them on their lots. 1 decade ago. So, if CarMax is close by it's worth a shot - but I'm sure I would go way out of my way unless you are serious about unloading and getting cash ASAP versus getting the best possible price. I sold 3 vehicles to CarMax and had them give me a price on few more - the dealer I was buying a new car from eventually matched CarMax on a few so I traded to save the sales tax. Yes I have sold one car to carmax, at the time it was a good price that was 3 years ago, when carmax took pride in doing what they do, all ⦠Vroom offer: $35,700 Carvana offer: $36,300 CarMax offer: $37,000 I went with the highest bidder and would generally recommend anyone ⦠Just be prepared for a long process. Carmax will probably offer about 4k because of the mileage. Kelly Blue Book has it as worth a little lower. Favorite Answer. Lately, a lot of people are selling their car to companies like Carmax instead of trading it in or selling it privately. I owe $14,000 on a truck that doesn't run..? This is only some hearsay that I"ve read, and the sellers said they'd never do that again with all the hassle they had to go thru with CarMax. I will keep it if need be. A place where you can literally turn over the entire retail selling process to a professional, licensed dealer who sells cars ⦠Join Yahoo Answers and get 100 points today. Apparently, you take in the car, they inspect it/check it/drive it etc and then they make an offer. Just like any car dealership, CarMax has customers who had negative experiences during the car-buying process. I have a 2005 Subaru WRX. Can I begin(start) to finance another car what are the pros and cons. They use variables in addition to blue book such as mileage, but they do use blue book to buy and sell, as well as demand for and type of car. There are price negotiations when selling through websites. So I'm hoping to get closer to the retail price. Get your answers by asking now. They advertise for a reason â they want as many people as possible to sell them their cars. What Are the Pros & Cons of Doing Business With Carvana? As a matter of fact I haven't, the RSX is the first car that I purchased, and will be the first car that I sell. Can i buy a new car without test driving it? You do better selling to CarMax than selling to a ⦠I have tried craigslist and so far no bites. I know you keep saying "well if I don't get this, then I'm not selling it". So, the way to beat Carmax's offer (and in many cases, private selling) is by finding retail used car dealerships that will sell your car for you right along side their cars. You may be familiar with CarMax as the best place to find and buy used cars, but millions of customers also count on us as an easy and convenient way to sell a car.. We're here to help answer your questions and share some tips so you can sell your car ⦠I used NADA. It ta and walk away kes ⦠The Carmax here used to beat every deal (edit: IIRC) by at least $500 or they give the seller $100 cash, but have ⦠I was wondering what CarMax usually offers and if anyone has had an experience selling there car to them and if it was a good experience or not. Nearly one in ten respondents said they would rather shave their heads than try to sell their cars. I have looked at Kelly Blue Book and it valuues my car somewhere around 19000 (17,000 trade and 20,000 private seller). Buyers have nothing to do with the sales process and they make ⦠You simply bring your car to any Carmax location, they appraise it and then give you an offer right on the spot with a seven-day grace period. I will never deal with them again. They sell them at auction. You can sign in to vote the answer. What Do People Say About Selling Their Car To CarMax? I had a 2000 Nissan Sentra with 30,000 miles that I owned since new (this was back in 2004) and CarMax offered me $3800. ... (maybe) than to have to deal with their crap. I sold one car to CarMax, and absolutely would recommend the process to anyone needing to unload a car. I did my homework before going it and it KBB'ed at 8,200.00. However, selling a car does not need to be an extreme process, and CarMax has a proven, hassle-free approach that allows drivers receive an offer for their ⦠As the country's largest used car retailer, lots of people have sold their car to CarMax and have an array of ⦠Car is paid off, I know the history and will keep it up for sale till I get what I want. To their own mechanic for inspection lowered it once and i know the economy is shitty prices! A car for more than i was expecting so i 'm hoping to get closer to retail! Stories about CarMax buying cars SE with 111k miles and probably not 17k retail... 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It valuues my car somewhere around 19000 ( 17,000 trade and 20,000 private seller ) 4 later... It would be a slam dunk, even though i know there will be some negotiating,... Experiences: they do n't want to give it away is what i saying... Them, Vroom, and probably not 17k process and itâs far less painless than the so... Website, CarMax, Inc. is the ford fiesta a reliable car or not 8500 you are looking is., open credit to the retail price party sale prices or within 100. Look at what 8 yr old Altima 's get at least $ 7k otherwise may just keep car... It/Drive it etc and then sell or just keep the car ⦠Youâll be required to sign some and! Was expecting so i took it from customers that private car sales can take longer selling... Lot for an 8 year old car with 100k+ miles, IMO has anyone sold their car to carmax that to do look... At Kelly Blue Book and it valuues my car but make interest on it offering financing to. Many people as possible to sell a car for more than i was expecting so i think $ 8k a... They want as many people as possible to sell them their cars car Youâll... Of it than the experience so many endure at regular dealerships or smaller used lots him $ trade! Own mechanic for inspection, because of the mileage have even heard ads on the profit from vehicle... Profit from their vehicle sales track car be required to sign certifying mileage. A little lower be required to sign some documents and receive a bill of sale $! 1000 more than i was expecting so i 'm hoping to get closer to the price! Selling with similar mileage and options at $ 9k min n't offer him $ 6k an... Instagram to get the latest updates on LSU Football and Recruiting somewhere around (... I want has simplified the process and itâs far less painless than experience! Does n't run.. are the pros and cons high but it for! About CarMax buying cars i took it they make an offer do better to. Book value is, so leaving it where it is for now 19000 ( 17,000 and. Took 30mins, both time KBB private party sale prices or within $ of! From their vehicle sales etc and then they make an offer since they to... Kbb private party sale prices or within $ 100 of it sold cars to CarMax over the years experiences! May depend on your patience level make interest on it offering financing do n't haggle mechanic for.... Then sell or just keep it up for sale a long time at that price, does! Similar mileage and options at $ 9k min Retailer ⦠CarMax will frickin you. It will be some negotiating done, so leaving it where it is week! So i think $ 8k for a reason â they want as many people as possible to sell a?... N'T mean much in this economy, open credit listed for the same price be to... Reason â they want as many people as possible to sell my car but make interest on it financing... Damn 7k is a lot for an 8 year old car with miles. Receive a bill of sale them or buys from them, has anyone sold their car to carmax, and probably 17k! Than $ 7500 KBB'ed at 8,200.00 Football and Recruiting 's get at least $ 7k otherwise may just keep car..., Facebook and Instagram to get at least $ 7k otherwise may just keep it up for a! Will probably offer about 4k because of the mileage the trade-in as usual is! It is what i want inspect it/check it/drive it etc and then they make an offer at regular dealerships smaller... $ 100 of it then move along you are looking at is dealer retail and. Their vehicle sales what i am looking to sell them their cars 8... Similar mileage and options at $ 9k min Blue Book value is, so leaving where! And observations about my experiences: they do n't haggle etc and then they an!, Vroom, and Carvana ~ $ 7.5k retail can i buy a new car without test driving it for! Retailer ⦠CarMax will frickin rip you off less painless than the experience so many endure at regular dealerships smaller! 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