Quick Answer: How Do I Sell My Car To CarMax?

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..

Is selling to CarMax worth it?

Absolutely (IMHO) worth about $3000. I have sold several cars to CarMax. If you are someone who does not want to trouble with a private sale, it’s a great option. Every time I’ve done it, they have beat the traditional car dealers on price.

Is it better to sell car to dealer or CarMax?

Use the CarMax price as the lower limit for what you will accept from the dealer. It also gives you a second potential buyer. If the dealer insists on low-balling you, you can always just sell the car to CarMax. Kelley Blue Book also offers an online service where you can get “instant” offers for your car from dealers.

Does CarMax give you KBB value?

Every time, the dealers said “Wow, great price, we’re not touching that.” Used Carmax every time. KBB is just a number, and you *might* get the KBB value for a car if you go through the hassle of a private sale, AND you can convince someone to buy the car at that price.

Does CarMax pay more than dealers?

While the CarMax offer isn’t as much as you might get by selling it to a private party, selling it to the used car chain offers these advantages: It eliminates the expense of advertising your car and the hassle of showing your car to strangers. CarMax prices are usually higher than those that a dealer offers.

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.

Is CarMax a good place to sell your 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.

What documents do I need to sell my car to CarMax?

What do I need to sell my car?Your car’s title or payoff information. … Valid and current registrations.Valid state-issued photo ID for all title holders.All keys and remotes.More items…

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 it better to sell your car yourself or trade it in?

Trading in You will get less money than selling it yourself. At best, you should expect to get the vehicle’s wholesale value. You can use the trade-in amount as the down payment on the new car. … Most states charge sales tax only on the difference between the trade-in value and the new-car price.

How long does it take to sell a 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.