Quick Answer: Can You Sell Your Car To CarMax Without Buying A Car?

Is CarMax cheaper than a dealer?

Luckily, dealers to need to remain competitive nowadays, so you’ll see that their used-car pricing is typically far less than CarMax’s..

Does CarMax buy cars with over 100 000 miles?

For example, CarMax, the used-car store, will buy cars with 100,000 miles on them, but it won’t resell them to consumers. … By doing so, shoppers using online sites will find your car if they set mileage limits below the dreaded 100,000-mile mark.

Does CarMax give a fair price?

While the CarMax offer isn’t as much as you might get by selling it to a private party, selling it to the used car chain offers these advantages: It eliminates the expense of advertising your car and the hassle of showing your car to strangers. CarMax prices are usually higher than those that a dealer offers.

At what mileage should I sell my car?

Most people offload their car at a certain age or mileage, regardless of whether or not it’s past its sell-by date. But that age and mileage is invariably at a point when the maximum money is lost and the car still has plenty more to give. Most cars are sold on at 3-5 years old, and 40,000-60,000 miles.

What car loses value the fastest?

And new research shows just how much faster some vehicles lose value than others….15 Cars That Lose Their Value in a FlashBMW X1 (-64.6%) … Infiniti QX60 (-64.7%) … BMW X5 (-65.4%) … Volvo XC60 (-65.6%) … BMW 3-Series (-65.7%) … BMW X3 (-66.5%) … Lincoln MKZ (-67.1%)More items…•

How long does it take to sell a car at CarMax?

Depending on the distance between your car’s current location and the closest CarMax store to you, it will take between one and 28 days.

Can I sell my car to CarMax even if still owe?

Can I sell my car to CarMax if I still owe money on the car? Yes. … If you owe $4000 on the car and CarMax will give you $3000 for the car, then you will have to write CarMax a check for $1000 and sign the title of the car to them. CarMax will then pay off your loan to free up the title so they can sell the car.

Are CarMax cars overpriced?

CarMax Cons: Their prices aren’t as low as other dealers’. The Truth About Cars analyzed the sales prices of similar vehicles on eBay and CarMax and found that their prices were consistently higher, often by a few thousand dollars. That’s because they have more overhead, which the site points out.

When should you not trade in your car?

It is best not to trade in your vehicle when you purchased it very recently. As soon as you drive a new vehicle off the lot, it loses around 10 percent of its value and up to 20 percent of its value within the first year!

Does CarMax always buy your car?

CarMax will buy just about any make and model of car. Whether you have a luxury vehicle or a car that has one working taillight, CarMax will appraise that car and make you an offer. … Then, you will get an offer for your car that is good for seven days. The offer will be good for a purchase or a trade-in.