Carmax spends more money and time reconditioning their used vehicles than most any other used car lot. Make sure you find and write down the tradein value for reference later. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. I recently drove my 1997 dodge viper gts to carmax to find out what theyd offer me for it. You might want to have carmax do an appraisal anyway because like instant cash offer you get a baseline market value for your vehicle. We carefully appraised the 2004 mazda6 before we visited carmax. After 3 appraisals with no sale, they will not appraise your car anymore. Take a 2010 honda accord ex sedan in very good condition. Anonymous i went to carmax to get a appraisal and was very disappointed. Bottom line is carmax is going to give you a price they feel good about. If it does, they up somewhere along the line, either in the initial appraisal or the.
Get used car values with edmunds car value appraisal tool. Carmax does not look at kelley blue book, edmunds, or nada. Trade in or sell your car with an official offer based on kelley blue book values. They also tend to stock cars that are mostly 58 years old and less, mostly with fairly low mileage on them. I took my dodge viper to carmax for an appraisal autotrader. The blue book value, as it is sometimes called, will vary based on the shape your automobile is in. Second, carmax prices are not based on kbb, blackbook, or any other online car shopping resource. Kelly blue book prices are completely ridiculous and inaccurate. For the simple reason they do not write checks for vehicles. Get a free offer in minutes and find out what you can get for your car today. How carmaxs usedcar prices compare to kelley blue book. Carmax appraisals consider many of the same factors as kelley blue books kbb personalized estimates. Vehicle history is an important factor in determining a cars value.
This is a timehonored tradition ive done with each and every one. We have over 5 million cheap used and certified preowned cpo vehicles in our database and we provide you. We calculate the carguruss instant market value of every car by using proprietary algorithms that analyze millions of used cars. Carmax sets the offer based on a few factors, including.
We decided to sell our car, so we checked the blue book value, listed for private party sale, and also go a carmax bid. A quick tour of kelley blue books usedcar valuation service shows you why. Although none of the top used car buying guides is perfect, when taken together. Kbb is somewhat subjective too, is your car in excellent shape or good, etc. Use autotraders used car valuation tool to find the kelley blue book value of the car youd like to sell or buy.
This is an as is value that does not include any warranties. While the consumer is filming, he records his experience with a carmax appraiser who informs him that the appraisal will take about 3040. Regarding getting a better price than kbb, i was under the apprehension that kbb lowballs its numbers, so that dealer can point at it and say, look, im giving you better than blue book. Carmax is the oldest of the three companies, having been founded in the 1990s. This way you will have an estimate of what your car is worth. First off, many times the carmax appraisal price will be lower than the kelly blue book tradein value. 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. Carmax can evaluate tradeins for free and make you an offer that is good for. Leave with payment in hand, apply to tradein, or take 7. Get the best deals on used cars for sale near you edmunds. In addition, the representative told us that carmax vehicles are typically priced lower than their kelley blue book value.
As their experienced trained appraisers look at your car, they will evaluate your car based upon the following. Cargurus is the leading online automotive marketplace that helps consumers find great deals and connect with toprated dealers. I have a acura tsx and they have a very good resale value. Carmax appraisals use the same general criteria as personalized kelley blue book estimates. Tell me about selling a car to carmax ars technica. I have an offer from carmax to buy my toyota 86 manual transmission for a price im okay with. Carmax vs webuyanycar how is we buy any car different.
When offering a quote and pricing vehicles, carmax uses a fourstep process and considers the vehicles exterior, interior, test drive, and vehicle valuation. In order for you to get an offer for your car, you can bring your car into carmax for an appraisal. Heres how to get a carmax appraisal and turn your vehicle into cash rather than. You can look to resources such as the kelley blue book to obtain a value for your car. On the high end, the most expensive car regardless of trends. Enter your vehicle info to receive a cash or tradein offer. A quick tour of kelley blue books usedcar valuation. Get your carmax offer, then put it on craigslist for more and it will sell. Welcome to, the premier online community for the discussion of real estate appraisal. Call or visit your local carmax location today, and our specialists will be happy to answer your questions.
Get one upfront price, a car history report, and all the answers you need, for every car. Kelley blue book is hit or miss, the market changes too fast for kbb to keep up, but that doesnt mean its useless, you just need to do more research. Carmax employees reveal why the company may not be the best. Guess who i sold the honda toand then went to a different dealer to buy my gti. This criteria includes the vehicles history, current condition, make, model, year, mileage, and desirability in the market. Just like any good reseller, carmax makes its money by buying low and selling high. In depth view into carmax book value quarterly including historical data from 1997, charts, stats and industry comps. People sometimes call up the cars kelley blue book value.
Im getting rid of my car at the moment as i dont need it. But your carmax offer may be lower or higher than the kbb estimate because carmax uses its own data and inspection process. We were disappointed by the carmax offer, as the buyer blatantly disregarded all of the upgrades our car hadleather, nav, bluetooth, etc. This means your vehicle will go to wholesale auction, and. They only offered me half of kelley blue book they have my same care listed for double what they wanted to pay me. As carmax has folks who get great money for their car as well as others who wish they had gotten more, there are some ways you can get good money for your car. Is it worth it to go to a toyota dealership and see if they will offer more for buying my car. In depth view into carmax price to book value including historical data from 1997, charts, stats and industry comps. Second, carmax prices are not based on kbb, blackbook, or any. That is their niche a no haggle price and people buy cars from them because of that. This means that usually the offer will be below typical kelley blue book private sale values. Dont get them to appraise your car just for the heck of it if you dont want to get rid of it.
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. If you dont, return it within a week for a full refund. When i opened the engine it was spotless and i owned the car for two years. We suggest you use the edmunds car appraisal tool and follow the steps to enter your vehicles. You can expect a few hundred dollars below average trade in value if your car is in good shape. Before you rely on carmax to deliver an unreliable tradein value, see. 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. Kelley blue book is a very good resource, but it should not be the only one you consult.
It is because the value is based on a traditional dealership that will offer you more for your trade since they will in the end make up the difference at the end of your deal either with the financing or the actual. You cannot, i repeat, you cannot do research on the value of your car. Get the best prices on great used cars, trucks and suvs for sale near you with edmunds. When comparing carmax vs carvana vs vroom sales models, carmax is the closest to a regular car dealership, having multiple locations throughout the country. My understanding is that carmax would give me more money outright than the local toyota dealership. Register a free account to be able to post and unlock additional forums and features. Check car prices and values when buying and selling new or used vehicles. Please start all threads regarding covid19coronavirus and how it relates to appraising in the covid19 coronavirus forum.
One would think, then, that listed prices would be high. Look up your cars value on the kelley blue book or edmunds sites. Carmax vs kbb instant cash offer is kbb instant cash offer good. Kelley blue book new and used car price values, expert.