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Does carmax give a fair price if you sell your car there or do they rip you off?


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5 comments to “Does carmax give a fair price if you sell your car there or do they rip you off?”

  1. They will take you to the cleaners…..

  2. If you want a fair deal, sell it to a private party. If you want some quick money, sell it to Carmax. They have to be able to turn around and sell it, therefore they will offer you a low price so they can mark it up and sell it to make a profit.

  3. they will ***** you over!! but its worth a chance to try them…

  4. carmax will give you black book value, which is what the dealerships will give you. Black book is lower than what people want for their cars.

    carmax will get you out of this car if you have the money to cover the negative equity (if you still owe on this car.) It’s most difficult to be at a break even point if you just financed a vehicle in the past year or even two in many cases.

    If you own this car outright, sell it on craigslist.org OR in your local paper to get a fair deal. You could also try listing it if you have a lien holder, but many buyers are scared of that kind of situation.

  5. Yes it is a fair deal in that you can expect what you will be offered. Go to kbb.com (Kelly Blue Book) and look up your wholesale value. That is the base figure Carmax appraisers use, then they will deduct for tire wear, body damage, etc. Usually they are quite fair and I have had a number of clients use them. Of course you will get more for your car if you sell it privately, but be cognizant of the time and effort it will take. Especially in this gas climate I bet you could sell it outright pretty easily.

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