The Biggest Used Car Retailer. They put themselves on a pedestal with their no haggling price bull shite. Car is paid off, I know the history and will keep it up for sale till I get what I want. Get your answers by asking now. The 8500 you are looking at is dealer retail, and you ain't getting that. 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 â¦ Youâve probably seen commercials for Carmax on television. Car has no issues at all, so I think $8K is a good deal and still below the blue book. All told, it can take a lot of time â sometimes weeks or even months â to sell a car â¦ 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 â¦ re: Has anyone used Carmax to sell a car? They won't give you 20k, and probably not 17k. Can I begin(start) to finance another car what are the pros and cons. Well I am going buy what the blue book value is, so it may be high but it is what it is. Just curious if anyone has any first hand experience and where Carmax has â¦ Carmax has them selling with similar mileage and options at $9k min. I've heard some horror stories about CarMax buying cars. Nearly one in ten respondents said they would rather shave their heads than try to sell their cars. Can i buy a new car without test driving it? Copyright @2021 TigerDroppings.com. Sold the car 4 days later to a private buyer for $12.5k on Craigslist. 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. 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. No, I really mean I won't take less than $7500. Weâve heard from customers that private car sales can take longer than selling a car to CarMax. The Carmax here used to beat every deal (edit: IIRC) by at least $500 or they give the seller $100 cash, but have â¦ 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. My parents sold a 2002 Camry (base with no options) with 220,000 miles for $4450, so I guess it's possible. Some car dealership sales people will tell buyers to sell the old stuff to Carmax to get a better deal. According to its website, CarMax, Inc. is the nationâs largest retailer â¦ I would have to get at least $7k otherwise may just keep it. Damn 7k is a lot for an 8 year old car with 100k+ miles, IMO. What Are the Pros & Cons of Doing Business With Carvana? I sold a car (not Tesla) to CarMax this week after getting offers from them, Vroom, and Carvana. Kelly Blue Book has it as worth a little lower. 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. I know you keep saying "well if I don't get this, then I'm not selling it". They sell them at auction. Just like any car dealership, CarMax has customers who had negative experiences during the car-buying process. I have never purchased a car from them - always was buying a new vehicle from another dealer - and using CarMax â¦ ... (maybe) than to have to deal with their crap. Still have questions? I sold a Honda CRV to Carmax about 3.5 years ago. Want to sell my car but make interest on it offering financing? Just like CarMaxâ¦ I have looked at Kelly Blue Book and it valuues my car somewhere around 19000 (17,000 trade and 20,000 private seller). 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. They advertise for a reason â they want as many people as possible to sell them their cars. Carmax will probably offer about 4k because of the mileage. Every car sold goes through a stringent testing process. I sold it on Autotrader.com for $6000. It's not an STi but I am looking to sell it. I have a 2005 Subaru WRX. Join Yahoo Answers and get 100 points today. So I'm hoping to get closer to the retail price. you are going to have it for sale a long time at that price, NADA doesn't mean much in this economy. Carmax will frickin rip you off. They afforded me about $1000 more than I was expecting so I took it. You do better selling to CarMax than selling to a â¦ Used car dealerships, including Carmax, only operate on the profit from their vehicle sales. Any input would be much appreciated. Lately, a lot of people are selling their car to companies like Carmax instead of trading it in or selling it privately. I used NADA. There are price negotiations when selling through websites. Founded in 1993, CarMax is a car dealer that has a âno-haggleâ policy for buying and selling used vehicles. 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Hey won't offer him $6k on an 8 yo Altima. 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. Carmax will frickin rip you off. So, it may depend on your patience level. I have already lowered it once and I know there will be some negotiating done, so leaving it where it is for now. Watch: NFL Reporter Says 'Super Bowl LV Is The LSU Invitational', Watch: Skylar Mays Scores His First Points In The NBA, LSU Asst. I looked on ebay and autotrader and similiar cars are listed for the same price. It will be harder for Carmax to move it off the lot, because of the high mileage. Who is supposed to sign certifying the mileage at the top section of this bill of sale? My son works for CarMax. Selling a car, just like buying one, is a big financial transaction. Carmax probably won't sellthat vehicle. Apparently, you take in the car, they inspect it/check it/drive it etc and then they make an offer. KBB has it at ~$6k trade in and ~$7.5k retail. I owe $14,000 on a truck that doesn't run..? Random comments and observations about my experiences: They don't haggle. Being patient paid off. Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting. I didnât want to deal with what I perceived as the hassle of taking calls from a bunch of Craigslist â¦ If you don't like it, then move along. Anybody who sells to them or buys from them is just getting ripped off. 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. A place where you can literally turn over the entire retail selling process to a professional, licensed dealer who sells cars â¦ I once tried to sell them a car that was worth $12k trade in value per blue book and the frickers offered me $9k. CarMax has simplified the process and itâs far less painless than the experience so many endure at regular dealerships or smaller used lots. Forum discussion: Carmax is advertising their "e;Sell us you car"e; offer. I will keep it if need be. 8. CarMax, however, is different. I don't want to give it away is what I am saying. Carmax review from Phoenix, Arizona with 21 Comments: About two weeks ago I sold my vehicle to Car Max in Tolleson,Arizona. 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. Sold two cars to CarMax after OEM dealers lowballed the trade-in as usual. When it comes to selling your car to a dealer, thereâs almost no easier way to get it done than going to Carmax. How do you think about the answers? 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. I did my homework before going it and it KBB'ed at 8,200.00. I would part out as best as you possibly can and then sell or just keep the car and make it a track car. They low ball you big time. Is the ford fiesta a reliable car or not? 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. 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. CarMax ensures that each car on their lot has â¦ Sold the car â¦ Am asking $8k for a 2003 Nissan Altima SE with 111k miles. I sold one car to CarMax, and absolutely would recommend the process to anyone needing to unload a car. They will just send it to auction. A recent report by Automotive News shows just how much farther ahead of the field CarMax is compared to other major pre-owned retailers. They tend to bid low. The process is so easy that many YouTubers have posted videos of their high-value cars getting appraised at Carmax â¦ That policy is intended to simplify the process for people who donât want to â¦ The hilarious part is that when negotiations on a new car â¦ All rights reserved. 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 â¦ Their business practices are above reproach. 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. @Rene/anyone else: Don't ever try to trade a car in to Carmax. 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. I once tried to sell them a car that was worth $12k trade in value per blue book and the frickers offered me $9k. 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? So what should I base it on. Some prospective buyers want owners to bring a car to their own mechanic for inspection. 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. CarMax dealerships have buyers who work independently from the sales staff. You may have even heard ads on the radio. 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We're here to help answer your questions and share some tips so you can sell your car â¦ 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. One customer, Andréa Van Sickle, a work-from-home mom living in Dayton, â¦ Has anyone â¦ Itâs always been odd to â¦ If youâre looking to buy or sell a used â¦ I will never deal with them again. 1 decade ago. 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. Vroom offer: $35,700 Carvana offer: $36,300 CarMax offer: $37,000 I went with the highest bidder and would generally recommend anyone â¦ Good luck! Buyers have nothing to do with the sales process and they make â¦ It ta and walk away kes â¦ On the flip side, they are very straight forward - here is what we can offer you, the offer is good till this date. I am financing a car for more than 2 years now, open credit. A typical used car â¦ NADA blue book is $8500. You can sign in to vote the answer. :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 â¦ Youâll be required to sign some documents and receive a bill of sale. I thought it would be a slam dunk, even though I know the economy is shitty. How hard is that to figure out. I've sold cars to CarMax over the years. Sounds reasonable though, since they have to resell... You will make more if you sell on your own obviously. 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. What Do People Say About Selling Their Car To CarMax? Favorite Answer. You can't get a new car anymore for $10k, barely even $15K these days. All they are going to do is look at what 8 yr old Altima's get at auction and offer less than that. 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 have tried craigslist and so far no bites. 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. 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. 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. The entire process took 30mins, both time KBB private party sale prices or within $100 of it. 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Selling a car ( not Tesla ) to finance another car what are the pros and cons and. Less than that a good deal and still below the Blue Book good deal still... This week after getting offers from them is just getting ripped off and far... A typical used car dealerships, including CarMax, however, is different ai n't getting.... Or not owe $ 14,000 on a pedestal with their no haggling price bull.. 2003 Nissan Altima SE with 111k miles 10k, barely even $ 15K these.! Leaving it where it is what i want i am looking to it... Only operate on the radio ai n't getting that and find the right buyer 19000 17,000... Still below the Blue Book has it at ~ $ 7.5k retail dealerships have buyers who independently... Carmax buying cars driving it buyers want owners to bring a car ( not Tesla ) CarMax... Options at $ 9k min though i know the economy is shitty Youâll!