It is a step easier than carmax since you dont have to take your car in to get an appraisal. Only select new dealerships not all report numbers to kbb. One would think, then, that listed prices would be high, and one would be. Before selling a car to carmax, consider the benefits of selling to the fast, safe and fair way to sell a car. Usually, those who use one are also familiar with the other. First, you should determine how much you can get for your car.
Leave with payment in hand, apply to tradein, or take 7. Enter your vehicle info to receive a cash or tradein offer. Private sellers generally set their price to kelley blue book value, but every ding and tear you can find during your inspection is a bargaining chip to negotiate the final price to thousands below what a dealer would charge. If the car has high mileage or is over 10 years old, dont bother trying to sell it. My brother is asking for the heirs to let him sell it to his wife for the car max estimate. Carmax appraisals use the same general criteria as personalized kelley blue book estimates. Selling your car to carmax is a statement that you discuss with others as well as think about on days end. This way you will have an estimate of what your car is worth. Carmax sets their own used car values so you cant anticipate an offer by exploring kelley blue book, ebay, craigslist, etc. Aug, 2019 fewer customers reported carmax offers being higher than kbb estimate but it is possible particularly if you own a car that is highly desirable to buyers in your area. The fast, safe and fair alternative to trade in or private sale.
Get used car values from black book with our car pricing guide and compare black book to kbb and nadaguides, two other popular valuation sources. Instead of a fair deal, carmax lowballs people on the buying side and overcharges them on the selling side. Start with a reputable information source such as the kelley blue book. Jun 01, 2016 on the other hand, if you absolutely must have the highest price for your current car and have time to invest in order to get that extra money, selling your car on your own is your best bet. Our price was fair, but this was also 2010, and the economy was in much worse shape. Carmax employees reveal why the company may not be the. Seems many people do not understand there is a difference between the wholesale price of a car and the retail price.
Should you sell your car yourself or accept kelley blue. On the other hand, if you absolutely must have the highest price for your current car and have time to invest in order to get that extra money, selling your car on your own is your best bet. Tradein values may be obtained from 2019 kelley blue book co. My car was low mileage, great condition, still under warranty, etc. One carmax customers experience selling a car carmax.
Second, carmax prices are not based on kbb, blackbook, or any other. Should you sell your car yourself or accept kelley blue book. And when we compile used car sale data by brand, the results for mostexpensive used cars is, in some cases, pretty surprising and not so much in others. And, blue book value doesnt mean that is what your car is going to sell for there are market factors that vary the final sales price of a car. Value is also dependent on a specific carmaxs inventory. The final sales price depends on the cars actual condition and local market factors. This means that usually the offer will be below typical kelley blue book private sale values. If youre looking to sell your car, youve got options beyond trading in or selling your car privately. We have over 5 million cheap used and certified preowned cpo vehicles in our database and we provide you. Getting your car appraised at carmax is quick and easy. Find out what your car is worth at, the trusted resource for used car values. I was also under the apprehension that there are two versions of the blue book, one for. According to kelley blue book, the brands with the best resale value are toyota on the midend and porsche on the luxury side of things. Of course carmax and any other dealer is going to offer less than retail for a car.
I dont like car dealers who offer to trade yours in for less than carmax because that cheapens the deal. Carmax uses the kelley blue book when its convenient every car on the lot compares carmaxs price to kelleys, but calls kelley irrelevant when to its advantage. How to sell a car that has been in an accident sapling. I recently deepcleaned and detailed my entire car as i took pictures for my craigslist ad. Kelly blue book prices are completely ridiculous and inaccurate. Last year, we bought more than 650,000 cars, trucks, and suvs. Blue book value was well above what carmax was offering, and prices for cars with similar miles were listed higher for sale as well. Mar 08, 2020 most used car sellers, including carmax, use the prices calculated by kelley blue book, or kbb. 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. Get used car pricing and explore thousands of car listings at kelley blue book. Fastest, but not the best and if by best you mean most i can get for the car selling it yourself will usually result in getting the maximum for your car. How to use carfax and kelley blue book in buying or.
You may want to try to sell your car carmax, a national used car retailer. Also, be sure to check out kelley blue book or edmunds to get the correct estimation for how much your vehicle is currently worth. Just like any good reseller, carmax makes its money by buying low and selling high. Selling your vehicle to carmax, the national used car retailer, can be quick and easy. Search for your next used car at, the site you trust the most. The appraisal is a roughly calculated amount of what carmax would expect the car to sell for at a wholesale auction, not at retail after reconditioning. If you must trade in your car, heres how to get the most for it. For many car sellers, selling to carmax is a nobrainer. If you must trade in your car, heres how to get the most.
Valuation adjustments for vehicle mileage disproportionate to the age of the vehicle may be capped by enterprise car sales at 20% of the vehicles base value. Kelley blue book also offers an online service where you can get instant. Mar 07, 2014 the biggest issue with selling a car to carmax in illinois is you lose the tax break if you dont also buy a car from them. A quick tour of kelley blue books usedcar valuation service. Whether youre trading your vehicle in at a dealer or planning to sell it, edmunds makes it easy to.
Vehicle history is an important factor in determining a cars value. Jul 27, 2016 for many car sellers, selling to carmax is a nobrainer. Jul 03, 2018 if youre looking to sell your car, youve got options beyond trading in or selling your car privately. Check the kelley blue book for an estimated value of the vehicle. Look up your cars value on the kelley blue book or edmunds sites. Im going to sell this car to a private owner, but just for the heck of it i went to the schaumburg carmax just to get a quote. But your carmax offer may be lower or higher than the kbb estimate because carmax uses its own data and inspection process. This is an as is value that does not include any warranties. And occasionally someone selling the car will lie about something and. Carmax vs webuyanycar how is we buy any car different.
How carmaxs usedcar prices compare to kelley blue book. Most used car sellers, including carmax, use the prices calculated by kelley blue book, or kbb. Apr 09, 2020 selling a car on carmax sometimes, trading in a car with transmission problems isnt the best decision for some people. So anyone wanting to write how carmax ripped you off on an offer can read this and educate yourself.
When i opened the engine it was spotless and i owned the car for. You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. This criteria includes the vehicles history, current condition, make, model, year, mileage, and desirability in the market. Consider the damage if any, that your car has before taking it into a carmax location. Tradingin your car can save you a lot of time and hassle from trying to sell it yourself and can provide you with the cash to get a newer, and better, vehicle. How to use carfax and kelley blue book in buying or selling a car decision. Tell me about selling a car to carmax ars technica openforum. Help me sell my car when i am upside down on the loan. Carmax uses the kelley blue book when its convenient every car on the lot compares carmax s price to kelleys, but calls kelley irrelevant when to its advantage.
Weve heard from customers that private car sales can take longer than selling a car to carmax. Carmax spends more money and time reconditioning their used vehicles than most any other used car lot. Look at the private seller amount, since you may get the most for your car by selling to a private party. Kelley blue book vs edmunds used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices. Little less than the private party quote from kbb, but not enough to be worth the time to try and sell it on cl. The biggest issue with selling a car to carmax in illinois is you lose the tax break if you dont also buy a car from them.
You might want to have carmax do an appraisal anyway because like instant cash offer you get a baseline market value for your vehicle. Use the online website by entering all details about the car, including the year, make, model, zip code of the town in which you plan to sell the vehicle and information about the shape of the car. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. Collect all of your documentation about your ownership of the car. Jul 12, 2014 if you must trade in your car, heres how to get the most for it. When carmax buys the car and then raises the price by 50%, they made a lowball offer. The most commonly used are the kelly blue book, and the edmunds used price guide. Kelley blue book private party value the kelley blue book private party value is the starting point for negotiation of a used car sale between a private buyer and seller.
Get used car values with edmunds car value appraisal tool. So i usually approach a dealer only after negotiating for the new car onlinephoneemail. Can i dispute a car estimate from carmax if the kelly blue book value is higher. You dont have a trade in for them to bump and help your tradein value. Feb 28, 2020 when buying or selling a used car, many people rely on the kelley blue book kbb, which has been around for more than 90 years. The value range tool is a great resource that can be used in combination with other key factors specific to your vehicle like odometer. One customer who sold his car to carmax described himself as very happy after selling the vehicle. Call or visit your local carmax location today, and our specialists will be happy to answer your questions. 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. Apr 09, 2020 selling your car to carmax is a statement that you discuss with others as well as think about on days end. Tell me about selling a car to carmax 23 posts control group.
When buying or selling a used car, many people rely on the kelley blue book kbb, which has been around for more than 90 years. Kelley blue book tradein value is based on accurate condition rating and mileage of vehicle. Selling your car online is a lot breezier than youd expect. Jun 20, 2018 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. This brand has been around for almost as long as the automobile so long that the term blue book value which harkens back to the color of kbbs original printed guides is.
May 23, 2018 selling your car online is a lot breezier than youd expect. Kelley blue book is best for research and price comparisons. Autotrader and kelley blue book are sister companies of cox automotive. Get the best deals on used cars for sale near you edmunds. Have your driver license proof of identification, your title proof of ownership or loan information, and the owners guides that may have come with the car. Apr 28, 2020 first, you should determine how much you can get for your car.
Recommend our site thank you for your support, please refer lemon history check to your families and best friends. Remember, carmax is offering wholesale value since they have to clean up the car, sell it, and make a business profit. Wellestablished across the country, its easy to access a carmax location and get your vehicle appraised on the spot. You also should have at least one set of keys to the car, including remotes.
Kelly blue book, retail sale prices, your car fax, give them a case why your car is worth excellent condition pricing and not just very good. For over 90 years, kelley blue book has been the trusted resource for used car values, helping car owners understand what their used car is worth. Get cash offers from dealers, schedule inperson appraisals, get black book value estimates and place free ads today. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. At carmax, well buy your car even if you dont buy ours. Leave with payment in hand, apply to tradein, or take 7 days to think about it. They offered us more than we were hoping for we looked up values in kelley blue book. If you must trade in your car, heres how to get the most for. People sometimes call up the cars kelley blue book value. 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. This brand has been around for almost as long as the automobile so long that the term blue book value which harkens back to the color of kbbs original printed guides is now synonymous with any car pricing guide. Choosing the best car buying service for you will save time and stress. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. How to use carfax and kelley blue book in buying or selling a.
But, like all deals that seem too easy or too convenient, selling your car to carmax comes with its own set of drawbacks. To get the most for your car you need to set an accurate, competitive listing price pricing too high means buyers may scroll right by. Values also are affected by estimated market demand. Selling a car, just like buying one, is one of the biggest financial transactions you may make. You shouldnt buy from a private party if you want to trade your car in. Youre basically guaranteed to get a better offer elsewhere. Its quick, simple, and can leave you with a lot of cash in your wallet. Here are some simple tips on selling your car to carmax. Get the best prices on great used cars, trucks and suvs for sale near you with edmunds.
Carmax employees reveal why the company may not be the best. I want to get an offer from carmax to see if its worth the hassle of selling privately or not. Its been raining all week, so my car is a little dirty on the outside again. I got a better offer from carmax than three other dealers i checked with, and the carmax offer was basically blue book.
660 1111 1358 1162 947 61 1575 971 1566 913 75 1505 1060 1451 81 1399 209 841 716 82 362 1049 319 424 1419 910 1570 1335 722 754 245 544 335 72 773 232 535 898 1328