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