Our team will go over your vehicle and extend an offer thats valid for one week, so you have time to think it over. Jun 25, 2012 we carefully appraised the 2004 mazda6 before we visited carmax. According to kelley blue book, the brands with the best resale value are toyota on the midend and porsche on the luxury side of things. Before negotiating on trade in allownace, get the final number on actual cost of the new car. The kelley blue book is the most popular usedcar buying guide. If you dont, then any more money they give you for trade in will be tacked on to the price of the car. The most commonly used are the kelly blue book, and the edmunds used price guide.
I know kbb does not sell nor buy cars so it is a made up number but how much of a hit should i expect between the two. Or, you spent money to get something fixed that was affecting its value. Privateparty value how much you will have to pay for a specific used. So what you are saying is the only benefit to selling to carmax is you can get your money today, or if your car is essentially crap they will still buy it for their auction. Carmax offers wholesale value for your vehicle, and does not rely on kbb or nada values. Basically, they offer you what they know they can pay for that particular vehicle or get for it at a. Some websites only give you an estimate or a range of your cars value. You can do things like check the kelley blue book value on it, or get the carfax on it, but theres just no way to fully know if youre doing the right thing or not, unless youre a mechanic or a close friends with one. Kelley blue book vs edmunds used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices. So off i trekked to carmax, mostly just to see what they would offer me.
Fair price is a matter of perspective, yours and theirs. Again, kelley blue book values also will give you an idea of your vehicles. Carmax employees reveal why the company may not be the best. Havent visited the dealer yet just using the tools on their web site. And they will not make money by giving you the kelley blue book showroom condition value for your 2002 honda odyssey with 147,000 miles and doritos crumbs in the gauge cluster. On the other hand, if you absolutely must have the highest price for your current car and have time to invest in order to get that extra money, selling your car on your own is your best bet. Quit blaming the dealer for your low tradein offer jalopnik. Instead of providing you with a suggested retail value, carfax can tell you what a specific car, with a specific vin, is worth. Generally, the kelly blue book price is used for the vroom, carvana or carmax trade in value, though it may be adjusted down for any damage, high mileage or other factors. I assume they try to give you as little as they can for it. Do i have to sell my car at the same location that gave me an offer.
Carmax will evaluate the complete merit of your car, taking into that kbb offer. You do not need to consent to receive callstexts to purchase from or sell to carmax. How carmaxs usedcar prices compare to kelley blue book. Trading in a car also complicates the purchase of a new car, giving.
At carmax, well give you a real offer for your car thats quick, easy, and free. Carmax will give your vehicle a detailed inspection along with a written appraisal. As for the cost they claim it costs for reconditioning, this where they receive more profit. This type of estimate will usually be higher than a carmax valuation. Carmax does not look at kelley blue book, edmunds, or nada. The site lists dealers who will either give you a check for your car or a value for trading it in on a new car. But if they give nada value, id be happy with the rough tradein value. You might want to have carmax do an appraisal anyway because. Only carfax gives you the vinspecific price for every used car based on its history. You can enter information about the vehicle including the style, model year, options, color, and condition for a personalized kelley blue book value. Kelly blue book prices are completely ridiculous and inaccurate. Should you sell your car yourself or accept kelley blue. Tradein offers are typically lower than youd get from a private party, but trading in is. No matter what type of vehicle you re interested in, this pricing guide can help give you a better idea of how much you want to pay for your used car.
I know from experience with them in the past that if i say the blue book value is x, they say, well you should go sell it yourself, because we wont give you anything. When i opened the engine it was spotless and i owned the car for two years. Is that a better return than you will find on craigslist, autotrader, or a nearby car. If the car has high mileage or is over 10 years old, dont bother trying to sell it. If your not in the buisness how do you know what cars should sell for. And, blue book value doesnt mean that is what your car is going to sell for there are market. However, the price you will get is generally blue book tradein, with deductions for any slight imperfections. Mar 23, 2018 kelley blue book vs edmunds used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices. The best and only way to find carmax used car deals. I dont like car dealers who offer to trade yours in for less than carmax because that cheapens the deal. Now that youve got the kelley blue book trade in value mastered why dont you head over to the main kbb page and learn how to use the different. Mar 02, 2020 the kelley blue book value is a price for a particular automobile make and model from the largest automotive valuation company in the u.
Carmax can evaluate tradeins for free and make you an offer that is good for seven days. Youre basically guaranteed to get a better offer elsewhere. Jun 01, 2016 on the other hand, if you absolutely must have the highest price for your current car and have time to invest in order to get that extra money, selling your car on your own is your best bet. According to kelley blue book, the brands with the best resale value are toyota. But at carmax, well give you a sameday written offer for your car and you dont have to buy a car from us. Jan 03, 2010 the blue book value is all well and good, but its not like kelley is going to buy your car for that amount. Jun 20, 2018 so i was looking at selling my leased vehicle and the first place i usually go to is carmax where they inspect it and give you cash value. If you must trade in your car, heres how to get the most for. Value is also dependent on a specific carmaxs inventory. You can do things like check the kelley blue book value on it, or get the carfax on it, but theres just no way to fully know if youre doing the right thing. Before you rely on carmax to deliver an unreliable tradein value, see what the. A typical dealer will not just give you a check for your car, carmax will. Does carmax give you nada or kbb value for your car. The blue book value is all well and good, but its not like kelley is going to buy your car for that amount.
Carmax sets their own used car values so you cant anticipate an offer by exploring kelley blue book, ebay, craigslist, etc. Did you get the kelly blue book value on your tradein. Jul 12, 2014 if you must trade in your car, heres how to get the most for it. To do this, many or all of the products featured here are from our partners. This is typically significantly lower than blue book trade in values. 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. Many people incorrectly assume via online averages calculated by edmunds, kelly blue book, and other sources that these data banks are gospel. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Aug 28, 2011 you cannot, i repeat, you cannot do research on the value of your car. There software starts with good as then deducts, so theyre a little low. Got a quote from carmax only takes 2030 minutes, and then tried to negotiate with the dealer on trade in allowance.
Jul 18, 2019 so off i trekked to carmax, mostly just to see what they would offer me. A carmax offer can help you gauge your cars worth or serve as a good backup if. So i usually approach a dealer only after negotiating for the new car onlinephoneemail. How much is an oil and filter change, a wash and wax, and in some cases painless dent repair.
The kelley blue book value is a price for a particular automobile make and model from the largest automotive valuation company in the u. You shouldnt buy from a private party if you want to trade your car in. Carmax employees reveal why the company may not be the. Aug 28, 2017 how you sell your used car is up to you. Should you sell your car yourself or accept kelley blue book. The easiest way to do this is to take it to the nearest carmax usedcar dealer. Would love to hear from others regarding estimated 2018. Tell them you are considering selling your car to them and want an appraisal. Before you head to carmax, its always a good idea to estimate how much a dealer would give you if you. This list shares price ranges of our topselling vehicles from january 1, 2018, through april 30, 2018.
You can, however, get an estimate at carmax they give it to you in writing and then take it around to other places that buy cars and haggle based on. Those who have traded in their cars to carmax, how much did you get in comparison to kbb. You may pay less for a car with an accident, or more for a car without one. The online appraisal at even allows you to enter damage your car might have to get the most accurate valuation in moments. Listed automobiles are appraised, and market values assigned. There is a carmax less than an hour from me, and im considering just taking the truck there. But before i do, does carmax give you nada or kbb value for your car. I could not get the kelly blue book value because it didnt list this years model year yet. Kelley blue book does not give a higher valuation for extended warranties, because there are too many variables involved. Get a free offer in minutes and find out what you can get for your car today.
Usually, those who use one are also familiar with the other. I had to pay sales tax on the higher blue book value. Private sellers generally set their price to kelley blue book value, but every ding and tear you can find during your inspection is a bargaining chip to negotiate the final price to thousands below what a dealer would charge. Theyll give you blue book on the car roughly, but they will take off absurd amounts for anything that they find wrong with a car. Vehicle history is an important factor in determining a cars value. Kelley blue book also offers an online service where you can get instant. Carmax will give you what is known as used car auction price for your vehicle. While carmax is the biggest seller of used cars, they take into account the cars value. They could be trying to hide any number of problems with the car, or could be trying to take advantage of you on the price. We carefully appraised the 2004 mazda6 before we visited carmax. If you have a newer vehicle avoid carmax at all cost.
Given the pending model y availability im sure were not the only model 3 owners considering a trade for the model y. Privateparty value how much you will have to pay for a. Here are tips and pointers for getting a real offer for your car from carmax. Well conduct a fast, free, noobligation appraisal while youre at our store. Feb 28, 2020 the kelley blue book is the most popular usedcar buying guide.
Carmax lists the kelly blue book value of the vehicle and then its nohaggle price, which is usually slightly less. Blue book trade in value, maximize your used car trade in. Many owners overestimate the condition and value of their car, so its smart to do a little research. Tell me about selling a car to carmax ars technica. Autotrader and kelley blue book are sister companies of cox automotive. So i was looking at selling my leased vehicle and the first place i usually go to is carmax where they inspect it and give you cash value. You as a knowledgeable seller can record kelley blue book value of your car. The folks at kelley do a lot of research, and they have years of data, so theres really no.
This will give you a good idea of how much your car is worth, avoiding the drive to. Second, carmax prices are not based on kbb, blackbook, or any other online car shopping resource. You cannot, i repeat, you cannot do research on the value of your car. This will give you a good idea of how much your car is worth, avoiding the drive to a carmax location and having to wait for someone to appraise your car. If you must trade in your car, heres how to get the most. If you must trade in your car, heres how to get the most for it. They have no incentive to try to lowball you because you can take it someplace else. If youre going this highend, you want to be the first to drive it. People sometimes call up the cars kelley blue book value. For the simple reason they do not write checks for vehicles. Just like any good reseller, carmax makes its money by buying low and selling high. The price that matters is the price some party is willing to pay, so the real issue is whether carmax pays more or less than other dealers or individuals. How much does carmax give you for your car answers. This tool will estimate the tradein value and privateparty sale value including price and the average amount of time it will take to sell.