Carmax below blue book value

If the car has high mileage or is over 10 years old, dont bother trying to sell it. Get a free offer in minutes and find out what you can get for your car today. Youre basically guaranteed to get a better offer elsewhere. Get used car pricing and explore thousands of car listings at kelley blue book. Whether youre trading your vehicle in at a dealer or planning to sell it, edmunds makes it easy to. I took my 20 2ls coupe camaro with 115,500 miles to carmax in bloomington, il. Vehicle history is an important factor in determining a cars value. Most used car sellers, including carmax, use the prices calculated by kelley blue book, or kbb. A couple of the more popular methods are to sell it yourself or take advantage of kelley blue book sm instant cash offer ico. I sold 2 cars there both with really really high mileage, they seemed to give me kelly blue book value rounded to the nearest hundred. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. A quick tour of kelley blue books usedcar valuation service. They also contract directly with leasing companies and rental car companies to buy many cars at a time often at below wholesale which saves the sellers the time and expense of auctioning the cars. In depth view into carmax book value quarterly including historical data from 1997, charts, stats and industry comps.

Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Kelley blue book is probably best known for trade in values and private party values for the car you already have. Bottom line is carmax is going to give you a price they feel good about. I was also under the apprehension that there are two versions of the blue book, one for dealers and other industry insiders, and one for consumers. My hhr is is great shape, has 234k miles and runs like new.

Tell me about selling a car to carmax ars technica. 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. The folks at kelley do a lot of research, and they have years of data, so theres really no reason to not trust what they publish. Book value is an accounting term denoting the portion of the company held by the shareholders at accounting value not market value. How carmax s usedcar prices compare to kelley blue book. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. Yp the real yellow pages sm helps you find the right local businesses to meet your specific needs. Trade in or sell your car with an official offer based on kelley blue book values. People sometimes call up the cars kelley blue book value. Carmax advertises that they will purchase any car in any. Whether youre buying or selling a car, truck or suv, you cant get away from what wed call blue. How carmaxs usedcar prices compare to kelley blue book. I was shocked and more than a little disappointed when i was only offered about half of the kelly blue book trade in value, i had bought the truck new and aside from the 22,000 miles, it is in perfect condition with. Kelly blue book, nada, private seller or black book which is the true used car value.

But if they give nada value, id be happy with the rough tradein value. Kbb consider and why your carmax appraisal may be higher or. Does carmax make offers significantly below the bluebook tradein value. The prices for most used cars can be found in these guides, but each calculates them a bit differently, so the value for the same car can fluctuate from site to site occasionally by thousands of dollars.

Used car pricing how do i know what is the actual fair. Carmax appraisals consider many of the same factors as kelley blue books kbb personalized estimates, but carmax does not use kbb to determine the value of a vehicle. Thats why your carmax offer may be lower or higher than kbb. They try to buy at low wholesale and sell at the top retail price. Seems many people do not understand there is a difference between the wholesale price of a car and the retail price. Blue book is a guidebook that compiles and quotes prices for new and used automobiles and other vehicles of all makes, models and types. You can expect a few hundred dollars below average trade in value if your car is in good shape. Carmax employees reveal why the company may not be the best. There is a carmax less than an hour from me, and im considering just taking the truck there. The kelley blue book value is a price for a particular automobile make and model from the largest automotive valuation company in the u. 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. Carmax employees reveal why the company may not be the.

Search new and used cars, research vehicle models, and compare cars, all online at carmax. From what i see, their prices can be higher than those prices at other sources, but i dont see their prices as outrageous. If the dealer offers less than you were initially offered, you can walk. I assume they try to give you as little as they can for it. Start with our complete rundown of the best used cars for 2020 shoppersall ranked by type or price, and based on carmax sales datato see which vehicle is ready to sit on your driveway. You can get the value of your vehicle online using either kelly blue books get your blue book value page. The company says that it takes into account a cars current market desirability, its own inspection, a test drive, and a vehicles history report when making an offer.

Either of these methods will put cash in your pocket that you can spend, save or put toward buying another car choosing between these options has less to do with which is better and more to. If you must trade in your car, heres how to get the most. Its important to have an idea of what your vehicle is worth. The kelley blue book is the most popular usedcar buying guide. Little less than the private party quote from kbb, but not enough to be worth the time to try and sell it on cl. Both companies consider the following factors in their offersestimates. But before i do, does carmax give you nada or kbb value for your car. Second, carmax prices are not based on kbb, blackbook, or any other. Tradein offers are typically lower than youd get from a private party, but trading in is far. Carmax can evaluate tradeins for free and make you an offer that is good for seven days.

This is an as is value that does not include any warranties. Or, you spent money to get something fixed that was affecting its value. The 5 best ways to sell your car in terms of ease, value, and convenience. Various consumer reports say that carmax appraisals often come in slightly below kelley blue book value, although not always. Should you sell your car yourself or accept kelley blue. The reasoning comes down to an old school theory of trying to draw a new customer in to showroom by all means and make the sale.

Kbb is somewhat subjective too, is your car in excellent shape or good, etc. Does carmax give you nada or kbb value for your car. 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. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. In other words, book value is the companys total tangible assets less its total liabilities. Tradein value when you want to trade your car to a dealership. The 5 best ways to sell your car in terms of ease, value. Carmax 12 holiday dr bloomington, il auto dealersused. Look up the nada used car value and also check your cars tradein value using pricing guides such as and kelley blue book. If you use kbb as a general guide and follow the suggestions below. If you must trade in your car, heres how to get the most for it. The price that matters is the price some party is willing to. Get used car, truck and suv values with edmunds car value appraisal tool.

For more details of how carmax appraisals compare to kbb estimates, see below. When it comes time to sell your car, theres more than one way to do it. The blue book value is all well and good, but its not like kelley is going to buy your car for that amount. If you have a carmax in your area, this is definitely an option. And, blue book value doesnt mean that is what your car is going to sell for. In any of those ads you will always see a disclaimer. Value is also dependent on a specific carmaxs inventory. 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. Get used car values with edmunds car value appraisal tool. We are looking to purchase a new toyota sienna and are trading in a 2007 saturn vue, if it matters.

Of course carmax and any other dealer is going to offer less than retail for a car. Try to be as precise as possible with things like the year, mileage and trim level of your vehicle. Weve made it easy to find out the estimated sell or trade value of your car. Carmax cars are overpriced and their tradein appraisals are way too low. We carefully appraised the 2004 mazda6 before we visited carmax.

Take your tradein to carmax to get a firm price in writing thats good for seven days. Carmax will buy cars in bulk through auctions like these paying wholesale value, sell at below retail and still make money on volume. If youre determined to sell it quickly, price it below retail cars of the. I took my 2009 ford ranger to carmax to get an appraisal. Also, they gave me a remarkable trade value on my vehicle. When i opened the engine it was spotless and i owned the car for two years. We offer free price and valuation tools where new and used car shoppers can look up the. Carmax offered about 12 of kelly blue book trade value. More important, both tend to skew lower than kbb in wholesale pricing. Price to book value is a financial ratio used to compare a companys book value to its current market price.