mike212

Carmax gave me a decent appraisal. If I end up selling to Carmax, do they cut a check for the full appraisal value? Are there any fees that they subtract from the appraisal when I actually sit down to sign the paperwork?

travlee

iTrader: (8)

shouldnt you be asking them that?

350zsunshinefl

iTrader: (1)

carmax usually rapes people on tradeins

what year mileage trim is ur car, n how much r they paying.

mike212

I did ask them and they said there are no surprises. I've never sold or purchased anything from them, so I was hoping to get feedback from someone that has. Carmax said they provide a check for the full value of the appraisal on the spot. 07 touring coupe with 80K and they're offering $13K.

chitownpete

The few people I know who were offered decent money said it was no B.S. Got a check, that simple. They usually buy very cheap and sell extremely high.

mike212

Great thanks! That's exactly what I was hoping to hear.

lifekenophobic

For what it's worth, I bought my Z from CarMax. They gave me a decent price for my trade-in, and it was the best car buying experience I ever had. They were very clear with what the paperwork was, what my costs would be, and everything else I needed to know.

I've had my Z a little over a year, and haven't had one problem with it. I can't speak for other people's experiences with CarMax, but mine definitely was a positive one. They seem like a pretty stand up business in my opinion.

Italianjoe1

iTrader: (6)

Their business is clear because they sell at full retail with no discounts so it's easy to make the paperwork very clear, they aren't trying to hide any fees because you are paying 100% of full price for the car every time.

They buy for a reasonable trade-in price if the car is re-salable because they know they will get full pop on the car once it's back on the lot. If your car is high mileage or damaged and would be wholesaled they really hit you low.

mike212

Thanks for your help. The car is in great condition so everything you've mentioned made sense.

350zsunshinefl

iTrader: (1)

$13k isn't too bad, a little lower than private party but it beats selling on your own!

I remember when i had my 07 san marino blue enthutiast, meticulous condition, only 9k (yes 9000) miles, I brought it in to see what I could get - (was thinking of upgrading to a 370 at that time), long story short they offered me 14k for it, I ended up selling it a week later private part for $20,700.
That was last year (08/13)

I literally looked at the guy and asked him if he was serious, he said something along the lines off - we give a fair market value of the car. I then showed him on carmax that they had older Z's with 30k miles going for 22k+. His response was that they would need to do some work on the car, I asked him "what work? the car has 9000 miles"
He couldn't respond to that, I left.

mike212

I guess they're hit or miss. 13K works for me. It's on the low end but I end up saving time by avoiding the private sale route. Come in, hand in the keys and walk out with a check.

Z33Garage

iTrader: (3)

I sold me old car to them with a blown motor and they gave me 2k for it LMFAO
They "inspected it" and did not find the issue with the motor...not sure how it was idling like a box pf 2 headed female pleasure toys, and it had 180K...

( it was an Altima)

Bama J

Years ago, they had just opened their local store and I was looking to sell my wife's Tahoe, so I stopped in just for grins to see what they'd offer. They took a look at it then promptly offered $4000 for it. I laughed in the guy's face. Sold it myself a week later for $8500. That's my CarMax experience. Haven't even so much as glanced over there when passing by ever since.

superstuddc27

iTrader: (1)

If carmax is one thing it's no bs. They are a chain and have a formula for making offers on cars. I mean they're in the business of buying and selling cars so any idiot would know they don't give you as much as what you can get if you sold it yourself. That being said, if you come in for an appraisal, it takes about 45 mins to an hour and they have an entire checklist that they go through. They'll give you an offer and it's good for 1 week I believe and if you come in with the car exactly in the same condition, you'll get a check on the spot.

They go by what's called black book value and sometimes lower than that.
You have a decent offer because your car has under 100k miles. Carmax can sell cars that have under a 100k miles directly from any of their stores. Cars with over 100k are never sold at Carmax, they are sold to private dealers and auctions which means you get less money for it.

mike212

good to know. thanks!

Cux350z

iTrader: (162)

That part is false. I bought my yukon with 113k from them. They just dont offer certain things on them.

Carmax buys low and sells high but if youre wanting a quit no hassle sell then they will make you a deal.

superstuddc27

iTrader: (1)

Yeah actually I was wrong about the 100k+ miles part but I remember reading somewhere on their website that they tend not to buy over 100k miles. But just like any car, they'll even take aftermarket parts if the demand is there for the car.

oldschool350z

iTrader: (1)

But low sell high. Most dealers will rape you very bad. From what I've heard carmax is best around.

Deteria

iTrader: (2)

It really depends tho. I got a pretty decent trade in amount on my last car compared to what other dealers appraised my car at, so I sold my last car to CarMax. Try getting apprised from multiple dealers.

Deception

iTrader: (2)

Mike, was your Z silverstone and listed on eBay earlier?