Vw carmax

Used Volkswagen For Sale Carmax

Vw carmax

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vw carmax

Vw carmax

This appears to be their M.O. In February I took a very good condition F250 pickup for an appraisal to purchase. KBB on the truck fair condition was $4000. Carmax picked it apart and offered $2100 dollars. I sold it on Craigslist 2 days later for $6500

yep.true and true.they offered me 1500 less than wholesale. They are counting on customers not doing their homework

Vw carmax

Dearlerships play the same game too! My 2011 Toyota RAV4 is fully loaded and cost me a bundle, but I got a good price. Yet 8 months later I am trying to trade in and the appraisal was LOWER than Carmax!! I can't believe that Edmunds, NADA and Kelley cited $26,790, but the dealership appraised it at 22K!! Yet dealer retail will be about $30,500.

Why don't these websites tell you the truth? I was told by the dealership that they can buy my car at auction for $22K. Gimme a break! The car is pristine with 12000 miles. And to take the cake, I have been a good customer for years. It's time for a change.

Vw carmax

Great and accurate description of the CarMax appraisal process. I recently left CarMax after almost six years in their purchasing department (Senior Buyer) and I am currently working at a traditional franchise dealership. I'm still a shareholder and fan of CarMax. The only correction on the article is the term is not ADR, but ACR for "Appraisal Cost Recovery." Good research!

Vw carmax

Earl - please please help me. I think I may have been totally ripped off by Toyota. But I don't know enough about trade-in values to know whether what they gave me for my car just constitutes a "healthy profit" for the dealer. or if I'm right to feel victimized here. (I almost never apply that term to myself - but, as a 61 year-old woman who's bought only 2 cars in her life. as well as someone who's 100% disabled and who has no other income than her disability payments. it probably applies.)

Add that to the $5500 he shaved off my Prius and you've got an alms $8000 profit on my purchase of a Mini whose price tag was a mere $20,700.

Vw carmax

I checked with my appraiser and this is what he told me, "If it has every option then I’ll assume it’s a Prius V with every option available and with only 5000 miles it’s not a typical book appraisal. In PERFECT condition as a Prius V+++ minimum would be $19,000 or “whatever it takes” to make a deal.

Vw carmax

I am realizing there are many layers of people looking to make a profit on your used car. CarMax, wholesalers and dealers. That is 3 layers that have to get paid. Do some research, leg work, get a Car Fax and take some good pictures and sell it yourself. Remind buyers they save the sales tax in a private sale. This can be thousands of $. Not the right situation for everyone but if you have a nice car with a clean in-hand title, you are a good candidate. I just got low-balled by Car Max. Not the case 6 years ago. Policies have changed.

Vw carmax

If your state has sales tax, you'll have to pay it when registering the car.

My advice is if you want to sell your car fast take the 30 minutes, get a Carmax written offer, and then go home and think about it. Think about it, no dealer is going to give you retail value for your car nor will they pay you more than they can buy it for at a dealer auction unless they are making up the difference somewhere else.

They're not talking about getting retail they're talking about not even getting wholesale value

Vw carmax

Thanks for your comment, Ed.

Vw carmax

Thank you for this article even though its been a while since you've written it, it still helped me. I'm getting into the car auction business and I was thinking about starting off by taking my cars to Carmax for quick cash but looking at KBB says trade in should be 5600 and I am to assume Carmax would give me about 3200 which cut extremely into my profits. So I'll go to the route of Craigslist and rise that way 🙂

Vw carmax

When ever someone can give you a quick deal it will cost you money. To get top dollar for your trade you have to get more than one offer and use the ones you already have to increase the next. Always negotiate your trade separately to know what you are actually getting.

Vw carmax

You're spot on! There's a common saying amongst car dealers, "steal the trade". It means paying the customer less than the "Actual Wholesale Value" or ACV. A car dealer will gladly sell you a new car at his actual cost if he can pay you hundreds or even thousands of dollars less for your trade-in than it's actually worth.

My mom went with me to Carmax yesterday where I traded in my red 2005 Honda Accord Coupe with 135000 miles for a white 2011 Honda Accord Coupe with 28000 miles for $17990. I was very disappointed of my trade in appraisal of only $2500! But i went ahead with the buy because I love the car, payments and apparently a good 4.5% interest rate (the dealer said it was good). Now that i look on kelly blue book, i see that the trade in value is $3800-$4200! My dad told me that i should have gotten more at CarMax and thinks it was because my mom and i were females. lol! Keep in my that i actually bought this car used years ago from the Honda dealership. Carmax was the only place i had it appraised. i wanted to take the weekend to think about it but yhe salesman said he couldn't guarantee it would still be there in 3 days. So Mr. Earl, whats your opinion, did i make a foolish mistake?

Vw carmax

Thanks for the reply, i guess we live and we learn! I've considered taking advantage of the 5 day return rule and returning it (especially since my dad has to return and sign papers since my trade in was in his name too and he was absent during the transaction), but I'm wondering if its worth the hassel.

Vw carmax

If I were you, I would return it and tell them why you did. Feel free to use my name and if the CarMax people would like to call me, they can call me on my cell phone anytime, 561 358-1474. When you get your trade-in back, call two Honda dealerships and tell the used car manager you want to sell your car to them. Tell them you aren't going to buy another car; if you do that they might not give you as real price on your car. If you want, you can bring it to my dealership in North Palm Beach and we will offer you a fair price.

Vw carmax

Appraisers at CarMax could care less if you're female, black, white, male, or alien. It's about that your car is worth. Maybe you recieved less for your trade in than you would down the street, but there is a good chance you could have paid less for the "new' car or paid a lot less in fees.

Vw carmax

Dear anonymous, I don't understand why you raised the "racial issue"; of course CarMax does not discriminate by race on appraisals. My whole point is that they discriminate based on how the "supply and demand index" for the specific year/make/model car you are trading in fits with CarMax. If they have too many "white 2013 Camrys" and you come in to trade-in an identical Camry, you will get substantially less than you would from a Toyota dealer that was short of supply on that car. I also don't know where you got the idea that I said you don't have to pay sales tax when you buy from a private individual. Of course you do. Your blog response makes me wonder if you read another blog article.

Vw carmax

Dear Anonymous re CarMax and racial profiling. I apologize. Another blog reader just pointed out my mistake:

I am realizing there are many layers of people looking to make a profit on your used car. CarMax, wholesalers and dealers. That is 3 layers that have to get paid. Do some research, leg work, get a Car Fax and take some good pictures and sell it yourself. Remind buyers they save the sales tax in a private sale. This can be thousands of $. Not the right situation for everyone but if you have a nice car with a clean in-hand title, you are a good candidate. I just got low-balled by Car Max. Not the case 6 years ago. Policies have changed.

2007 Nissan Murano SL with 135,000 miles- good condition.. how much would you say it's worth?

Vw carmax

Hi Amanda, you're probably looking around $5,500 - $6,000 for 2WD, add about $500 for AWD. Hope this helps!

Vw carmax

What about a 2008 Chrysler town and country LX $123,000 miles. Trade in value?