Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. Feb 28, 2020 when buying or selling a used car, many people rely on the kelley blue book kbb, which has been around for more than 90 years. Carmax employees reveal why the company may not be the. Can i dispute a car estimate from carmax if the kelly blue. Weve heard from customers that private car sales can take longer than selling a car to carmax. You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. And, blue book value doesnt mean that is what your car is going to sell for there are market factors that vary the final sales price of a car. Valuation adjustments for vehicle mileage disproportionate to the age of the vehicle may be capped by enterprise car sales at 20% of the vehicles base value. Start with a reputable information source such as the kelley blue book. How carmaxs usedcar prices compare to kelley blue book.
Help me sell my car when i am upside down on the loan. Jul 12, 2014 if you must trade in your car, heres how to get the most for it. My brother is asking for the heirs to let him sell it to his wife for the car max estimate. Selling to carmax audi, chevrolet, price, ford automotive. If you must trade in your car, heres how to get the most for it.
But your carmax offer may be lower or higher than the kbb estimate because carmax uses its own data and inspection process. Little less than the private party quote from kbb, but not enough to be worth the time to try and sell it on cl. Only select new dealerships not all report numbers to kbb. You shouldnt buy from a private party if you want to trade your car in. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. How to sell a car that has been in an accident sapling. If the car has high mileage or is over 10 years old, dont bother trying to sell it. The most commonly used are the kelly blue book, and the edmunds used price guide.
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. Tradingin your car can save you a lot of time and hassle from trying to sell it yourself and can provide you with the cash to get a newer, and better, vehicle. The final sales price depends on the cars actual condition and local market factors. Carmax is simply reselling your car for around the same you would get for it if you d. You might want to have carmax do an appraisal anyway because like instant cash offer you get a baseline market value for your vehicle. Mar 08, 2020 most used car sellers, including carmax, use the prices calculated by kelley blue book, or kbb. People sometimes call up the cars kelley blue book value. Find out what your car is worth at, the trusted resource for used car values. If youre looking to sell your car, youve got options beyond trading in or selling your car privately. One customer who sold his car to carmax described himself as very happy after selling the vehicle.
Look at the private seller amount, since you may get the most for your car by selling to a private party. Carmax employees reveal why the company may not be the best. Usually, those who use one are also familiar with the other. At carmax, well buy your car even if you dont buy ours. Blue book value was well above what carmax was offering, and prices for cars with similar miles were listed higher for sale as well.
Im going to sell this car to a private owner, but just for the heck of it i went to the schaumburg carmax just to get a quote. Selling your vehicle to carmax, the national used car retailer, can be quick and easy. Our price was fair, but this was also 2010, and the economy was in much worse shape. They report two numbers, new vehicle price and trade in value. Apr 28, 2020 first, you should determine how much you can get for your car. For many car sellers, selling to carmax is a nobrainer. This brand has been around for almost as long as the automobile so long that the term blue book value which harkens back to the color of kbbs original printed guides is now synonymous with any car pricing guide. The fast, safe and fair alternative to trade in or private sale. 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. You also should have at least one set of keys to the car, including remotes. Aug, 2019 fewer customers reported carmax offers being higher than kbb estimate but it is possible particularly if you own a car that is highly desirable to buyers in your area.
Consider the damage if any, that your car has before taking it into a carmax location. Look up your cars value on the kelley blue book or edmunds sites. Enter your vehicle info to receive a cash or tradein offer. Have your driver license proof of identification, your title proof of ownership or loan information, and the owners guides that may have come with the car. This means that usually the offer will be below typical kelley blue book private sale values. Just like any good reseller, carmax makes its money by buying low and selling high. For over 90 years, kelley blue book has been the trusted resource for used car values, helping car owners understand what their used car is worth. When carmax buys the car and then raises the price by 50%, they made a lowball offer. Leave with payment in hand, apply to tradein, or take 7 days to think about it. The value range tool is a great resource that can be used in combination with other key factors specific to your vehicle like odometer. When buying or selling a used car, many people rely on the kelley blue book kbb, which has been around for more than 90 years. Kelley blue book also offers an online service where you can get instant.
Of course carmax and any other dealer is going to offer less than retail for a car. I recently deepcleaned and detailed my entire car as i took pictures for my craigslist ad. Value is also dependent on a specific carmaxs inventory. How to use carfax and kelley blue book in buying or selling a. Seems many people do not understand there is a difference between the wholesale price of a car and the retail price. And occasionally someone selling the car will lie about something and. But, like all deals that seem too easy or too convenient, selling your car to carmax comes with its own set of drawbacks. The biggest issue with selling a car to carmax in illinois is you lose the tax break if you dont also buy a car from them. One would think, then, that listed prices would be high, and one would be.
This is an as is value that does not include any warranties. 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. First, you should determine how much you can get for your car. This brand has been around for almost as long as the automobile so long that the term blue book value which harkens back to the color of kbbs original printed guides is. It is a step easier than carmax since you dont have to take your car in to get an appraisal. And when we compile used car sale data by brand, the results for mostexpensive used cars is, in some cases, pretty surprising and not so much in others. Its quick, simple, and can leave you with a lot of cash in your wallet. Call or visit your local carmax location today, and our specialists will be happy to answer your questions. Most used car sellers, including carmax, use the prices calculated by kelley blue book, or kbb. Vehicle history is an important factor in determining a cars value. May 23, 2018 selling your car online is a lot breezier than youd expect. Second, carmax prices are not based on kbb, blackbook, or any other. Carmax uses the kelley blue book when its convenient every car on the lot compares carmaxs price to kelleys, but calls kelley irrelevant when to its advantage. 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.
Collect all of your documentation about your ownership of the car. Whether youre trading your vehicle in at a dealer or planning to sell it, edmunds makes it easy to. Instead of a fair deal, carmax lowballs people on the buying side and overcharges them on the selling side. I want to get an offer from carmax to see if its worth the hassle of selling privately or not. Choosing the best car buying service for you will save time and stress. Getting your car appraised at carmax is quick and easy. Youre basically guaranteed to get a better offer elsewhere. 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. They offered us more than we were hoping for we looked up values in kelley blue book.
This criteria includes the vehicles history, current condition, make, model, year, mileage, and desirability in the market. 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. One carmax customers experience selling a car carmax. Get the best prices on great used cars, trucks and suvs for sale near you with edmunds. Selling your car to carmax is a statement that you discuss with others as well as think about on days end. Carmax spends more money and time reconditioning their used vehicles than most any other used car lot. We just sold a car to them and we werent looking to buy another care, so it wasnt a tradein but they handle tradeins as separate sales transactions anyway. Selling your car online is a lot breezier than youd expect.
Apr 09, 2020 selling a car on carmax sometimes, trading in a car with transmission problems isnt the best decision for some people. Get used car, truck and suv values with edmunds car value appraisal tool. Carmax appraisals use the same general criteria as personalized kelley blue book estimates. When buying a used car, its usually hard to know what a fair price is. Get cash offers from dealers, schedule inperson appraisals, get black book value estimates and place free ads today. Carmax sets their own used car values so you cant anticipate an offer by exploring kelley blue book, ebay, craigslist, etc. Kelley blue book tradein value is based on accurate condition rating and mileage of vehicle. Fastest, but not the best and if by best you mean most i can get for the car selling it yourself will usually result in getting the maximum for your car. Values also are affected by estimated market demand. Autotrader and kelley blue book are sister companies of cox automotive. Selling a car, just like buying one, is one of the biggest financial transactions you may make. I dont like car dealers who offer to trade yours in for less than carmax because that cheapens the deal.
Check the kelley blue book for an estimated value of the vehicle. Before selling a car to carmax, consider the benefits of selling to the fast, safe and fair way to sell a car. Last year, we bought more than 650,000 cars, trucks, and suvs. So off i trekked to carmax, mostly just to see what they would offer me. Apr 09, 2020 selling your car to carmax is a statement that you discuss with others as well as think about on days end. Tradein values may be obtained from 2019 kelley blue book co. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. How to use carfax and kelley blue book in buying or selling a car decision. Get used car values with edmunds car value appraisal tool. How to use carfax and kelley blue book in buying or. Use the online website by entering all details about the car, including the year, make, model, zip code of the town in which you plan to sell the vehicle and information about the shape of the car. Should you sell your car yourself or accept kelley blue.
A quick tour of kelley blue books usedcar valuation service. I got a better offer from carmax than three other dealers i checked with, and the carmax offer was basically blue book. 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. To get the most for your car you need to set an accurate, competitive listing price pricing too high means buyers may scroll right by. When i opened the engine it was spotless and i owned the car for. Get used car pricing and explore thousands of car listings at kelley blue book. If you must trade in your car, heres how to get the most. Carmax vs webuyanycar how is we buy any car different.
Mar 07, 2014 the biggest issue with selling a car to carmax in illinois is you lose the tax break if you dont also buy a car from them. Remember, carmax is offering wholesale value since they have to clean up the car, sell it, and make a business profit. Get the best deals on used cars for sale near you edmunds. My car was low mileage, great condition, still under warranty, etc. Leave with payment in hand, apply to tradein, or take 7. This way you will have an estimate of what your car is worth.
Jul 03, 2018 if youre looking to sell your car, youve got options beyond trading in or selling your car privately. Kelley blue book is best for research and price comparisons. Kelly blue book prices are completely ridiculous and inaccurate. Its been raining all week, so my car is a little dirty on the outside again. Wellestablished across the country, its easy to access a carmax location and get your vehicle appraised on the spot. Tell me about selling a car to carmax 23 posts control group. So i usually approach a dealer only after negotiating for the new car onlinephoneemail. Tell me about selling a car to carmax ars technica openforum. If you must trade in your car, heres how to get the most for. You dont have a trade in for them to bump and help your tradein value. We have over 5 million cheap used and certified preowned cpo vehicles in our database and we provide you. 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. Search for your next used car at, the site you trust the most. So anyone wanting to write how carmax ripped you off on an offer can read this and educate yourself.
Can i dispute a car estimate from carmax if the kelly blue book value is higher. Here are some simple tips on selling your car to carmax. Should you sell your car yourself or accept kelley blue book. Kelly blue book, retail sale prices, your car fax, give them a case why your car is worth excellent condition pricing and not just very good. You may want to try to sell your car carmax, a national used car retailer. Carmax uses the kelley blue book when its convenient every car on the lot compares carmax s price to kelleys, but calls kelley irrelevant when to its advantage. 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. Kelley blue book private party value the kelley blue book private party value is the starting point for negotiation of a used car sale between a private buyer and seller. Jul 27, 2016 for many car sellers, selling to carmax is a nobrainer. I was also under the apprehension that there are two versions of the blue book, one for. 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. Also, be sure to check out kelley blue book or edmunds to get the correct estimation for how much your vehicle is currently worth. Recommend our site thank you for your support, please refer lemon history check to your families and best friends.