Question: Is Selling Car To CarMax A Good Idea?

Does CarMax give a fair price?

CarMax basically has two tiers of vehicles: stuff CarMax will sell, and stuff CarMax won’t sell.

What they will sell are newer cars in good condition with low miles.

If you bring them something like that, they’ll make you a very fair offer, and you’ll walk out happy..

Why is CarMax so expensive?

CarMax Cons: Their prices aren’t as low as other dealers’. The Truth About Cars analyzed the sales prices of similar vehicles on eBay and CarMax and found that their prices were consistently higher, often by a few thousand dollars. That’s because they have more overhead, which the site points out.

Which is better CarMax or Carvana?

The biggest difference between CarMax and Carvana is that CarMax has physical lots spread out across the country. That means that you can shop local inventory in person and even test drive cars. On the flip side, it also means CarMax has more overhead than Carvana, which could translate into higher prices.

Is CarMax the best place to buy a used car?

At the end of the day, when it comes to buying a used car, CarMax might be the best choice for many drivers. With so many stores, you’re likely to find what you want even if it’s located elsewhere, and you can easily get the car shipped to your local store, though you might have to pay an additional fee.

Should I detail my car before selling to CarMax?

An afternoon washing the exterior (doesn’t need a full detail) and cleaning the interior will help create a better impression that it does now. Heck, just remove the stuff from the interior and take it to the local car wash. $20 later you’ll be good to go.

Can I negotiate at CarMax?

CarMax’s brand is synonymous with transparency. The retailer has a no-haggle policy for used-vehicle prices and trade-in offers. CarMax gives free, no-obligation valuations and offers consumers a price that’s good for seven days.

Where is the best place to sell your car?

What Is The Best Place to Sell a Car Online?eBay Motors. eBay is one of the top places to sell cars online, and for good reason as it boasts over 160 million buyers. … Craigslist. Probably the second most popular place for car selling is Craiglist. … Cars.com. Cars.com ranks highly as it has one of the quickest ways to get a used car price estimate. … CarGurus. … Autotrader.

Does CarMax take cars that don’t run?

For that car that does not run, CarMax will buy it. … For cars that do not pass their inspection, they are sold to auction. If you have car that has high mileage and is more than 10 years old, there is a chance that CarMax will make you an offer on the car.

How much does CarMax give you for your car?

The average unit garners a little less than $900 in profit. Subtract Carmax’s seller fee of about $200, and you’re looking at only about a $700 spread on average between what Carmax will offer you, and what a large free market will pay for your vehicle.

Does CarMax buy cars with over 100 000 miles?

For example, CarMax, the used-car store, will buy cars with 100,000 miles on them, but it won’t resell them to consumers. … By doing so, shoppers using online sites will find your car if they set mileage limits below the dreaded 100,000-mile mark.

Does CarMax clean their cars?

And, our CarMax detailers have an interior-cleaning secret: pull out your car’s seat belts all the way and wipe them down with interior-friendly cleaner.

Is CarMax a good place to sell a car?

Carmax is a great place to sell your car because they don’t get a lot of trade-ins and will usually offer you more for it than a dealer would. It’s not a good place to buy a car for the same reason—they have to overpay to keep their inventory stocked. Forget about KBB & Edmunds—-they don’t write checks.

Can you negotiate with CarMax when selling a car?

When you sell your vehicle to CarMax, you will not be able to negotiate the price of it. But you may be able to get a tax credit if you trade your vehicle in, or sell it at select CarMax dealerships.

How long does it take to sell your car at CarMax?

On busy days, the wait for a CarMax car buyer can become pretty long. The appraisal itself typically takes from 30-45 minutes, not including the time from when you arrive at the store until when the buyer can start the appraisal, or the time to complete any transactions.

Does CarMax pay more than dealers?

Neither a car dealer or Carmax will give you more than trade-in value, and there’s no guarantee there. If you’re buying new, they’ll deduct the cost of the trade-in from the sales price so you pay less sales taxes.