CarMax Review: Is It a Good Idea To Buy or Sell? 2023

It’s not easy to answer because the best time to trade a car is a moving target. Every situation is different, and every vehicle is different.

Meet them where other people are likely to be milling about, like outside a busy store, or where security cameras are likely to be in use, like a police station parking lot. Car selling companies that offer strong transaction support received the highest scores in this category. This includes offerings like free pickup service as well as how quickly you receive your payment. CarMax has a no-haggle offer policy, so you can’t negotiate with the company to sell your car. The first offer is the best offer you’ll get for your car. This is a type of guaranteed check that needs to be deposited into a bank rather than cashed. You’ll get the check when you sign over your car to CarMax.

When to Sell Your Used Car Privately

When you sell a vehicle to Carvana, they will come to your house to pick it up if you live in their service area. Then take the car to a participating dealer within seven days to redeem the offer or apply the quote toward a trade-in. Be sure to research the different sites before choosing one! This way, you’ll know that you’re getting the best deal for your car.

Best Way to Sell Your Used Car

So if your car cost $5,000 to repair, they will knock $2,500 off its value even though the car may be in perfect shape. If you have a current auto loan, bring the payoff information from your lender. You can request a payoff amount that is good for 10 days for CarMax to buy your car. If you have a cosigner on the auto loan, they’ll need to provide their signature on the paperwork to sell the car. When you get to CarMax, a representative will inspect your car and take it for a quick test drive.

Want to sell your car? Get a True Cash Offer™ in minutes

Regardless of whether you’re planning on selling your car to a private party or dealer, you MUST take the time to prepare it properly so you can get the maximum price possible. A final reason pricing guides shouldn’t be relied upon is the tendancy to undervalue prices so as not to offend dealers. KBB has a seperate pricing guide for dealers called QuickValues which you can only access with a paid subscription. Once you select an option to take a look, similar to Carvana, the company offers 360-degree views of their vehicles for you to look at both the interior and exterior. You’ll also be able to see additional details about the previous ownership of the car, features and even videos explaining certain functions.

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