01-27-2016, 09:28 PM | #15 | |
Drives: Really Slow Join Date: Apr 2010
Location: PA
Posts: 56,960
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01-27-2016, 09:30 PM | #16 | |
Drives: Really Slow Join Date: Apr 2010
Location: PA
Posts: 56,960
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01-28-2016, 09:27 AM | #17 | |
Drives: 21 Bronco Join Date: Jun 2012
Location: Carol Stream
Posts: 6,024
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Private sale, the car was worth 17, so I knew trade in would be less. I wanted at least 14.5 (KBB at the time was like 13, but I really wanted higher to sway me into getting rid of it lol) Dealer initially offered me 13.5, went to car max they offered me around 12, so I went back to the dealer. So in my personal experience, Carmax was less than what trade in value from the dealer was. This was on the mustang so the numbers were a little all over the place. However my sister when she was trading in her SUV, she got a better offer from Carmax than the trade in at the dealer, BUT trading it to the dealer was the better deal for her bc it saved her on the sales tax. Carmax was closer to what the KBB trade in value was, but the dealer trade in helped more with the deal. So in my 2 experiences it depends on the vehicle. On my mustang, they were lower than KBB value, my sisters SUV they were almost spot on with the trade in value |
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01-28-2016, 12:27 PM | #18 | |
Drives: V8 permagrin Join Date: Jul 2008
Location: here
Posts: 613
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01-28-2016, 12:28 PM | #19 |
Drives: 2011 1LT Join Date: Mar 2012
Location: Crestline, CA
Posts: 3,029
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Gonna buck the trend here: I took a truck to CarMax... I had KBB'd it at around $7000. CarMax offered my $8000. However, I ended up trading it in at a dealership for $8500, after having mentioned my CarMax offer.
My advice? Take it in to CarMax. They'll make you a written offer which is good for seven days or so. There is no obligation, no cost for the appraisal. No pressure, either, at least not for me, and I have never heard anybody complain about it happening there. There's no risk: You might like the offer, you might not... either way, you can choose... there's no risk. |
01-29-2016, 09:26 AM | #20 | |
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I've sold two cars to Carmax. Both above KBB suggested trade value... including an RX8 on it's second motor that needed Apex seals again. They didn't even drive the thing out of the parking lot and offered me almost private sale. Carmax in my experience is a good way to move your problems... something else to keep in mind before ever buying there (I never will again). |
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01-29-2016, 09:57 AM | #21 |
The Dogfather
Drives: #1 off the line for a customer. '16 Join Date: Oct 2015
Location: Andover, KS
Posts: 2,621
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Instead of writing a hole paragraph. I'll keep it TL : DR (too lazy: didn't read).
- It's all about black book value (dealership's kbb). - Even if you think your vehicle is in PERFECT condition, it is not. - Dealerships only accept your trade in because they will make money on it, so if it's valued at 5k, they'll offer you 3k max. - Very few dealerships will actually offer you same or above KBB value but most will not. - Private Sale is ALWAYS higher than Trade in unless given the above point. |
01-29-2016, 09:58 AM | #22 |
Drives: 2014 Ford SVT Raptor SuperCrew Join Date: Jun 2011
Location: Memphis, TN
Posts: 7,527
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Carmax has always beat the dealers offer here. Once in a while the dealer will match or beat by $500.
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Phoenix (sold)
2014 Ford SVT Raptor SuperCrew How to hug your camaro Buy the car that you would most like to get beat in. The other guy will always be faster. |
01-29-2016, 12:39 PM | #23 | ||
Drives: 21 Bronco Join Date: Jun 2012
Location: Carol Stream
Posts: 6,024
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Assuming since we are talking trade in values we are getting a new vehicle as well. That you will pay less in sales tax on the new vehicle with the trade in vs selling to carmax. (at least that is how it works in Illinois |
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