Carmax sets their own used car values so you cant anticipate an offer by exploring kelley blue book, ebay, craigslist, etc. The blue book value, as it is sometimes called, will vary based on the shape your automobile is in. I thought we might have made a mistake, but upon careful scrutiny i was. We just sold a car to them and we werent looking to buy another care, so it wasnt a tradein but they handle tradeins as separate sales transactions anyway. Call or visit your local carmax location today, and our specialists will be happy to answer your questions. However, expecting that carmax to give you more than the tradein value is asking a lot. The price that matters is the price some party is willing to pay, so the real issue is whether carmax pays more or less than other dealers or individuals. The book value is essentially the tangible accounting value of a firm compared to the market value that. Basically, they offer you what they know they can pay for that particular vehicle or get for it at a. A quick tour of kelley blue book s usedcar valuation service shows you why.
Carmax offers wholesale value for your vehicle, and does not rely on kbb or nada values. Havent visited the dealer yet just using the tools on their web site. Carmax sets the offer based on a few factors, including. How carmaxs usedcar prices compare to kelley blue book. The final sales price depends on the cars actual condition and local market factors. Jun, 2012 in any of those ads you will always see a disclaimer. Since 1926, new and used car buyers and sellers have relied upon kelley blue book for authoritative and unbiased information to make wellinformed car, truck and suv buying decisions. I will be calling carmax corporate to settle things while i wait. We were disappointed by the carmax offer, as the buyer blatantly disregarded all of the upgrades our car hadleather, nav, bluetooth, etc. How does carmax determine what to offer for my car.
Carmaxs offer to me was fair and substanitally above the so called black book that. Carmax completely low balled me and it wasnt close. So dont expect to get kelley blue book private value or even necessarily kbb tradein value. Kelley blue book values reflect local conditions in over 100 different geographic regions and are updated weekly to give consumers the most uptodate used car. Look up your cars value on the kelley blue book or edmunds sites. If the car has high mileage or is over 10 years old, dont bother trying to sell it. Carmax does not look at kelley blue book, edmunds, or nada. The reasoning comes down to an old school theory of trying to draw a new customer in to showroom by all means and make the sale. They quoted me both their appraisers price and the kbb kelley blue book price and offered me whichever was higher, which turned out to be kbb.
Does carmax give you nada or kbb value for your car. Value is also dependent on a specific carmaxs inventory. I dont like car dealers who offer to trade yours in for less than carmax because that cheapens the deal. You can expect a few hundred dollars below average trade in value if your car is in good shape. The kbb values typically do not accurately reflect the volatile wholesale market. Carmax will give you what is known as used car auction price for your vehicle. So i was looking at selling my leased vehicle and the first place i usually go to is carmax where they inspect it and give you cash value. Determining the fair market value of a used car is easy with the kelley blue book used car pricing guide. Jul 12, 2014 a quick tour of kelley blue books usedcar valuation service shows you why. Carmax can evaluate tradeins for free and make you an offer that is good for seven days. Jul 18, 2019 so off i trekked to carmax, mostly just to see what they would offer me. Jan 03, 2010 the blue book value is all well and good, but its not like kelley is going to buy your car for that amount.
So off i trekked to carmax, mostly just to see what they would offer me. In any of those ads you will always see a disclaimer. Kelly blue book prices are completely ridiculous and inaccurate. And, blue book value doesnt mean that is what your car is going to sell for there are. One would think, then, that listed prices would be high, and one would be right. Did you get the kelly blue book value on your tradein. How much does carmax give you for your car answers. Kbb is somewhat subjective too, is your car in excellent shape or good, etc. I know from experience with them in the past that if i say the blue book value is x, they say, well you should go sell it yourself, because we wont give you anything. Make sure you find and write down the tradein value for. We decided to sell our car, so we checked the blue book value, listed for private party sale, and also go a carmax bid. So like an insurance company they determin the retail and trade in value of the car. Look up the nada used car value and also check your cars tradein value using pricing guides such as and kelley blue book. Sounds to us like someone got in a bit over their head with this performance car and.
Kelley blue book values reflect local conditions in over 100 different geographic regions and are updated weekly to give consumers the most uptodate used car pricing information. Given the pending model y availability im sure were not the only model 3 owners considering a trade for the model y. But before i do, does carmax give you nada or kbb value for your car. Used car values, price guide and tradein estimator. Blue book trade in value, maximize your used car trade in value.
I drove onto the carmax lot, a guy took it away for a test drive and to check it out, he came back and offered me more than the kbb tradein value, so i took it. A quick tour of kelley blue books usedcar valuation service shows you why. This is an as is value that does not include any warranties. Bottom line is carmax is going to give you a price they feel good about. According to kelley blue book, the brands with the best resale value are. I sold 2 cars there both with really really high mileage, they seemed to give me kelly blue book value rounded to the nearest hundred.
Like insurance companies the have acces to the real time sales of cars all across the country. There is a carmax less than an hour from me, and im considering just taking the truck there. Youre basically guaranteed to get a better offer elsewhere. Second, carmax prices are not based on kbb, blackbook, or any other online car shopping resource. Or, you spent money to get something fixed that was affecting its value. Trading in a car also complicates the purchase of a new car, giving the dealer. You might want to have carmax do an appraisal anyway because like. The blue book value is all well and good, but its not like kelley is going to buy your car for that amount. Check car prices and values when buying and selling new or used vehicles. Researching your cars tradein value before heading to the dealership will help you. Apr 21, 2020 in depth view into carmax price to book value including historical data from 1997, charts, stats and industry comps.
Leave with payment in hand, apply to tradein, or take 7 days to think about it. If you have a newer vehicle avoid carmax at all cost. Basically, they offer you what they know they can pay for. Get a free offer in minutes and find out what you can get for your car today. Price ranges based on the middle 50% of prices for our top selling yearsmakesmodels from january 1, 2018, through april 30, 2018.
I could not get the kelly blue book value because it didnt list this years model year yet. Carmax employees reveal why the company may not be the best. This will give you a good idea of how much your car is worth, avoiding the drive to. I will be calling carmax corporate to settle things while i wait for the better business bureau to respond to my complaint.
In addition to taking a vehicles year, make, model, mileage, location and condition into consideration, carfax historybased value is powered by vehiclespecific data thats unique to carfax and tied directly to each car through its vehicle identification number vin. They offered us more than we were hoping for we looked up values in kelley blue book. Take a 2010 honda accord ex sedan in very good condition with 50,000 miles on the odometer and see what. Again, kelley blue book values also will give you an idea of your. But your carmax offer may be lower or higher than the kbb estimate because carmax uses its own data and inspection process. For the simple reason they do not write checks for vehicles. May 19, 2010 a dealer will typically match carmax, and then you get sales tax savings on the net purchase if you buy a new car from them. You cannot, i repeat, you cannot do research on the value of your car.
By simply filling in a little information year, make, model, mileage, and vehicle condition kelley blue book will estimate the cars value, which in turn can be used during any one of a myriad of buying decisions. This is typically significantly lower than blue book trade in values. When the time comes to sell a vehicle, most people will list the car in some form of. Blue book trade in value, maximize your used car trade in.
Get used car values with edmunds car value appraisal tool. Carmax is the biggest seller of used cars in the u. Tell me about selling a car to carmax ars technica. At carmax, well buy your car even if you dont buy ours. What have your experiences been are we more likely to get closer to blue book value from carmax or by trading in at the dealership. Before you rely on carmax to deliver an unreliable tradein value, see what the. I want to sell it myself, but im a fulltime student, and itll be a hassle with my schedule. You dont want someone you work with coming back to you a couple of weeks. In depth view into carmax book value quarterly including historical data from 1997, charts, stats and industry comps. Vehicle history is an important factor in determining a cars value. Kelley blue book new and used car price values, expert. The blue book is the vehicle information resource used by consumers and the automobile industry to establish price guidelines. On the high end, the most expensive car regardless of trends. How much is an oil and filter change, a wash and wax, and in some cases painless dent repair.
I assume they try to give you as little as they can for it. We are looking to purchase a new toyota sienna and are trading in a 2007 saturn vue, if it matters. Carmax vs webuyanycar how is we buy any car different. Carmax spends more money and time reconditioning their used vehicles than most any other used car lot. As for the cost they claim it costs for reconditioning, this where they receive more profit.
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