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FEAR TRAINING LLC Group

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Ezra Brooks
Ezra Brooks

Carmax Buy Your Car


The used car market is so strong that even 20-plus-year-old cars that would typically sell for only $2,000 a few years ago are now going for $3,500 and beyond. In many cases, you can get more money selling these cars on your own than you can from an online dealership.




carmax buy your car



None of the online dealers, including CarMax, will sell an older vehicle on their lot. They may buy your car to resell it at a dealer auction, but for these vehicles, it usually makes better sense to cut out the middlemen and sell it yourself.


For more details on factors that could affect expectations, see our Annual Report on Form 10-K for the fiscal year ended February 29, 2020, and our quarterly or current reports as filed with or furnished to the U.S. Securities and Exchange Commission. Our filings are publicly available on our investor information home page at investors.carmax.com. Requests for information may also be made to the Investor Relations Department by email to investor_relations@carmax.com or by calling (804) 747-0422 x7865. We undertake no obligation to update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.


If you want a contact-free alternative, CarMax can also deliver the car right to your door or you can pick up at the nearest location. CarMax has an inventory of over 50,000 vehicles that are all subject to a 125+ point inspection. The vehicles are generally 5 years old or newer though most of their cars are 3-year-old off-lease vehicles. CarMax also offers a 30-day return policy (up to 1,500 miles) and 90-day or 4,000-mile limited warranty on all vehicle purchases. All CarMax vehicles have no-haggle pricing, so if you are a shrewd negotiator, CarMax might not be the best place to use that skill.


When you take your vehicle in for an appraisal, the salesperson will bring your vehicle to the in-house team of appraisers. The inspection process will take around 30 minutes and you can browse the inventory on the CarMax lot or wait in the waiting area. The appraisal team will give you a written offer that is good for seven days, which will allow you to shop around for a better offer or to secure your replacement vehicle. Keep in mind that this offer is non-negotiable.


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Carmax makes it easy to sell your vehicle to them. Because they are a national chain that only deals with used cars, they've established a research-backed method to assess your vehicle and give you a fair price for the condition it's in. So, instead of reinventing the wheel, Henna will simply pay you $500 more than what Carmax offers you. Why do we do this? Because we'd much rather sell a truck raised in Texas to a Texan than buy a salt damaged vehicle from up north and then pay to ship it down here to sell for more than it's worth. As a local business, we like to keep things local and offer our customers a vehicle that can stand up to whatever Texas throws at it.


There are many reasons you might need to sell your vehicle, and no matter what yours is, getting it done doesn't have to be a stressful experience. In fact, at Henna Chevrolet we've been buying vehicles from the public for years and by doing so we've developed a streamlined process that guarantees you the most money with the least amount of hassle.


Trade-in: The most obvious way for us to acquire a pre-owned vehicle is through a trade-in on a new or used vehicle. When you're looking to upgrade your current car or truck to a newer or different type of vehicle, Henna will take your old one on trade. This allows you to receive a tax credit on the trade-in price and apply it to the new vehicle price, so you get to walk away without the hassle of trying to sell it yourself.


There are two easy ways to sell Henna your vehicle. The easiest is to get it appraised at Carmax, there's one just up the road from us, and bring us the signed buyers order within 7 days. Then you simply drive it in and hand us the paperwork.


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Typically, CarMax will resell cars it purchases on its lots. However, they may not be able to resell cars that have serious damage, mechanical problems, or have otherwise broken down. In order to make a profit, they might offer you a trade in value or cash value lower than your vehicle is worth.


We can generate a quote for you completely online based on our easy price generator. Those offers come with a seven-day guarantee and FREE towing. We'll come to you and pick up the cars, keys and title, and hand you your payment right on the spot.


Sell to CarMax or a similar business anyway. Depending on your goals, it might still be your preference to go to CarMax. Maybe you want to buy a new car as well, and you want to consolidate the process by choosing a dealer that will buy your car and sell you a new one at the same time. Maybe you want the familiarity of choosing a household name. It's entirely up to you!


Sell to a private buyer that will fix or part out the car. You could always choose to post your vehicle on Craigslist, Facebook or any number of avenues that could help you find a private buyer for your vehicle.


To confirm whether you have to bring your vehicle in or not, you can contact your local CarMax office and ask about their policies for offering appraisals. There are currently 237 CarMax locations throughout the United States.


In some cases, getting a CarMax cash offer and selling to them may be a good idea. For instance, if you want to get a new car immediately, trading your non-running vehicle to CarMax may be the right choice for you.


You can turn your car in and get its value as credit towards a newer vehicle. CarMax fixes up all vehicles it receives before selling them, so you are generally guaranteed to purchase a new-quality vehicle from them.


Locations - CarMax has multiple brick-and-mortar stores located throughout the United States for you to sell your vehicle. Generally to sell to CarMax, you should be within driving distance of a CarMax location.


This is because CarMax does not offer pickup services, which means you will need to bring your vehicle to a CarMax location. There are some states with no CarMax stores, which means selling your car to CarMax may pose a logistical challenge. There are no CarMax stores in Montana, Wyoming, Arkansas, West Virginia, Vermont, North Dakota or South Dakota.


Selling your non-running car to CarBrain is the fast, safe and easy way to get rid of a damaged vehicle. We offer fair market prices and a no-fuss sales process for cars, trucks, vans and SUVs. Why wait? Get an offer and get started today.


While online car dealers like Carvana will give you an offer online without seeing your car (though they can change their offer if your vehicle is different from what you described), CarMax requires you to bring your vehicle to their locations for an appraisal. You can schedule an appointment or you can just bring your car into your nearest CarMax location. It is recommended that you clean your car beforehand. While professional detailing is not necessary, you should do your best to remove all stains and make your car as presentable as possible.


As mentioned, Carmax's appraisal model determines the amount of your 7-day offer letter and where your car will be sold. If it is headed to auction, be prepared for your offer letter to be $1,000 - $1,500 below what they realistically expect to receive for it at auction.


So, how do I beat Carmax's offer every time? Simple, you become like them by elevating the sale of your car from below wholesale (their offer) to near retail (thousands of dollars higher). And no, that does not mean you have to give up convenience by taking on all the dreaded and dangerous things associated with selling your car yourself on Craigslist, Autotrader or other listing sites. Carmax and many others want you to believe there are only two options available - sell it to a dealer or sell it yourself. That is just not true. There is a third option that moves your car up to retail and puts way more money in your pocket without lifting a finger to sell it. Sound too good to be true?


Ask yourself another question - where are vehicles typically sold for retail value? Correct, at car dealerships. So, the way to beat Carmax's offer (and in many cases, private selling) is by finding retail used car dealerships that will sell your car for you right along side their cars. A place where you can literally turn over the entire retail selling process to a professional, licensed dealer who sells cars like yours for a living.


Use Retail My Ride to find a Consignment Pro (dealership) near you specializing in selling your type of vehicle, then contact the Consignment Pro to discuss their specific program details and requirements. You can search by Zip code, City, County, State, and filter your search by vehicle type, including Autos (late-model), Classics, Exotics, Antiques, Vintage, Custom, RVs, Motorcycles, Wheelchair accessible, Commerical, or Trailers. 041b061a72