selling a vehicle to carmax

[Musbrad2]

Dallas Dodge actually offered $1500 more than carmax when I sold my srt8 Super Bee. It was pretty surprising.

[CJ]

Dallas Dodge actually offered $1500 more than carmax when I sold my srt8 Super Bee. It was pretty surprising.

They made it up on your new car, trust me

Here's a loan I was reviewing recently:

A customer brought in a 2005 Lincoln Navigator to a franchise dealer, a very reputable one. He owed $8k on the unit, and the dealer gave him 5k for it, leaving 3k in negative equity. He put 2k down on it, so he had a net of 1k in negative equity. He purchased a 2009 Z71 Suburban with 107k miles on it. It booked for 19k. He financed 35k @ 72mo. The dealer pocketed 15k.

[War Machine]

God damn I'm glad I'm not in the car business anymore

[Musbrad2]

They made it up on your new car, trust me

Here's a loan I was reviewing recently:

A customer brought in a 2005 Lincoln Navigator to a franchise dealer, a very reputable one. He owed $8k on the unit, and the dealer gave him 5k for it, leaving 3k in negative equity. He put 2k down on it, so he had a net of 1k in negative equity. He purchased a 2009 Z71 Suburban with 107k miles on it. It booked for 19k. He financed 35k @ 72mo. The dealer pocketed 15k.

Damn that's rough! Mine was just an outright sale, to the dealership. I remember last time we went out to the range you were telling me a few horror stories like that.

[CJ]

Damn that's rough! Mine was just an outright sale, to the dealership. I remember last time we went out to the range you were telling me a few horror stories like that.

sometimes you can get a decent offer on a car if they have a shortage of that unit, or if they have a buyer in mind already. To really good a good deal on a trade, you usually have to be dealing with a franchise dealer which has some sort of dealer holdback on a new unit which can absorb it.

[jewozzy]

They made it up on your new car, trust me

Here's a loan I was reviewing recently:

A customer brought in a 2005 Lincoln Navigator to a franchise dealer, a very reputable one. He owed $8k on the unit, and the dealer gave him 5k for it, leaving 3k in negative equity. He put 2k down on it, so he had a net of 1k in negative equity. He purchased a 2009 Z71 Suburban with 107k miles on it. It booked for 19k. He financed 35k @ 72mo. The dealer pocketed 15k.

well with that news once i win the powerball its decided that im gunna start a car lot.

[kingjason]

I have sold one to Car Max and then the next time I was not impressed with them. I may go up there Monday and see what they will do on my2012 23k mile FX4. My goal this year is to sell everything and start fresh. I had a eye opening experience around tornado time and said fuck it, it's time to grow up.

[CJ]

well with that news once i win the powerball its decided that im gunna start a car lot.

I should start a business where I just accompany a buyer to a car lot and step in when they're about to get fucked.

[Musbrad2]

sometimes you can get a decent offer on a car if they have a shortage of that unit, or if they have a buyer in mind already. To really good a good deal on a trade, you usually have to be dealing with a franchise dealer which has some sort of dealer holdback on a new unit which can absorb it.

I believe he came up with a price based off something called the black book, guess it's another nada/kbb type site. Either way pretty happy with the outcome, and no headache surprisingly.

[CJ]

I believe he came up with a price based off something called the black book, guess it's another nada/kbb type site. Either way pretty happy with the outcome, and now headache surprisingly.

Yes, blackbook is a newer valuation that's being used, it's more intricate, however, all the lenders in this region use NADA as a standard. Some lenders use blackbook on used same year vehicles before they get put in the book. KBB is used on the west coast, primarily. Usually a dealer will grab whatever valuation yields the lowest value for a given trade to show the customer.

[zemog]

Had a buddy telling me they will generally give just under kbb for a car regardless if you're buying from them or not. Seems like they would be a last resort kind of place and would lowball but figured someone here has had experience with them.

i thought the same thing till I took the 2010 mustang there and they gave me well above the other trade in offers from dealers, any future sells , I will just go directly to them.

[GhostTX]

I should start a business where I just accompany a buyer to a car lot and step in when they're about to get fucked.

You laugh, but there's people out there who's job is to get a person a good deal, be it at Best Buy or the dealership. I think they charge half of the savings.

[TX_92_Notch]

BUMP

I'm selling a 2015 Expedition EL Limited as my wife and I ordered a Ford Transit passenger van (I know, I know). I've never sold a vehicle this new before as I've always had older used vehicles.

After reading this thread, I checked NADA and the Trade-In value is 29-30k. If we get 80% of that value we're looking at 24k. I checked AutoTrader.com and the prices range from 33k-39k for the same vehicle.

Here's my question: have any of you sold vehicles like this as a private seller? Do I stand any chance of selling this thing on the private market? I'd do AutoTrader and craigslist.

My thinking is, even if I sell it for a bit less than everyone on there and I get 30k, that's a hell of a lot better than 24k.

I'm going to CarMax within a week or two for an appraisal (gotta fix a broken mirror first - wife vs. Sonic and Sonic won).

[GrayStangGT]

Don't forget to factor in the sales tax savings of trading in on the new car vs selling to carmax or private party.

[kingjason]

Autonation in Arlington used to rock on buying cars. I usually got more than I was going to list them for. Last time, they were way under. Show me the Vin beat them by 2k. I could have jacked with craigslist and got maybe 1k more but didn't want to mess with it. Autonation guy told me their bidding had been outsourced to Florida.