Carmax blue book value

Carmax renton were a dream to buy and trade a car with. Get a free offer in minutes and find out what you can get for your car today. Anything that doesnt meet our standards is repaired or replaced by our highly trained technicians. 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. We carefully appraised the 2004 mazda6 before we visited carmax. Make sure you find and write down the tradein value for. My brother is asking for the heirs to let him sell it to his wife for the carmax estimate. A quick tour of kelley blue books usedcar valuation service shows you why. How carmax s usedcar prices compare to kelley blue book. Bottom line is carmax is going to give you a price they feel good about. Get the best deals on used cars for sale near you edmunds. Carmax spends more money and time reconditioning their used vehicles than most any other used car lot. Jan 03, 2010 the blue book value is all well and good, but its not like kelley is going to buy your car for that amount. Carmax offers wholesale value for your vehicle, and does not rely on kbb or nada values.

Since 1926, the organization has monitored usedcar transactions, publishing marketdriven values on preowned cars. Get the best prices on great used cars, trucks and suvs for sale near you with edmunds. Take a look at our best used car picks, based on sales at carmax stores. Kelley blue book vs edmunds used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices. Hopefully, the carmax price is the same or more than the pricing guide. 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. The blue book value, as it is sometimes called, will vary based on the shape your automobile is in. Learn about carmax colorado springs in colorado springs, co cars for sale. I drove onto the carmax lot, a guy took it away for a test drive and to check it out, he came back and offered me more than the kbb tradein value, so i took it. You can enter information about the vehicle including the style, model year, options, color, and condition for a personalized kelley blue book value. You might not have the best deals on used cars, but you have some damn good marketing.

I dont like car dealers who offer to trade yours in for less than carmax because that cheapens the deal. Booking the appointment to value our car on a sunday afternoon was easy. The kelley blue book is the most popular usedcar buying guide. In depth view into carmax price to book value including historical data from 1997, charts, stats and industry comps. This is because the black book receives prices for used vehicles based on 50 weekly auctions, where they calculate an average, and update that every week. By simply filling in a little information year, make, model, mileage, and vehicle condition kelley blue book will estimate the cars value, which in turn can be used during any one of a myriad of buying decisions. When the salesperson presents the carmax offer to you, compare it with the tradein value you found in the pricing guides. Both companies consider the following factors in their offersestimates. When youre visiting a dealership, you can walk in confidently with the kelley blue book tradein value and tradein range for your car. If you choose to sell your car yourself, the private party value stands as a starting point. Black book provides the wholesale or auction value of your car, which is the amount a dealer might pay for it. Our values are the results of massive amounts of data.

Kelley blue book is probably best known for trade in values and private party values for the car you already have. Apr 21, 2020 in depth view into carmax price to book value including historical data from 1997, charts, stats and industry comps. May 06, 2020 at one time the blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, uh, all over the lot. It gives the dealer a nice mark up and lists all of the options on the vehicle for customers to see. What i found and what i am going to do is take my car to carmax to get it valued. Kelley blue book new and used car price values, expert. Find used car trade in, resell, certified preowned and retail values of used vehicles based on the condition, mileage and other factors of the car sale. Basically, they offer you what they know they can pay for that particular vehicle or get for it at a. This is typically significantly lower than blue book trade in values. Thats why your carmax offer may be lower or higher than kbb. Kbb is somewhat subjective too, is your car in excellent shape or good, etc. Research the latest new car prices, deals, used car values, specs and more.

Truecar has over 865,225 listings nationwide, updated daily. So i was looking at selling my leased vehicle and the first place i usually go to is carmax where they inspect it and give you cash value. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. Can i dispute a car estimate from carmax if the kelly blue. Carmax sets their own used car values so you cant anticipate an offer by exploring kelley blue book, ebay, craigslist, etc. If youre buying a used car at a dealership, start with the typical listing price. Carmax will give you what is known as used car auction price for your vehicle. This is an as is value that does not include any warranties. Nada guides is the leader in accurate vehicle pricing and vehicle information. If you dont, return it within a week for a full refund. This means your vehicle will go to wholesale auction, and carmax.

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. What have your experiences been are we more likely to get closer to blue book value from carmax or by trading in at the dealership. Seems many people do not understand there is a difference between the wholesale price of a car and the retail price. Kbb is just a number, and you might get the kbb value for a car if you go through the hassle of a private sale, and you can convince someone to buy the car at that price. We have over 5 million cheap used and certified preowned cpo vehicles in our database and we provide you. Kelly blue book prices are completely ridiculous and inaccurate. The blue book trade in value which is less than all other value types, retail etc. Determining the fair market value of a used car is easy with the kelley blue book used car pricing guide. Look up the nada used car value and also check your cars tradein value using pricing guides such as and kelley blue book. Any vehicle that has been driven more or less should have their value calculated accordingly.

Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. The average mileage for a vehicle is 15,000 miles a year. The gist of this gigantic thread seems to be that carmax will take the car for less than blue book value. They also purchased my car for greater than blue book value. Use autotraders used car valuation tool to find the kelley blue book value of the car youd like to sell or buy. Certified preowned cpo cars are highquality, lowmileage used cars that have been thoroughly inspected and backed by an extended warranty. Get used car values with edmunds car value appraisal tool. The final sales price depends on the cars actual condition and local market factors. Jun 01, 2016 kelley blue book kbb is the gold standard in setting usedcar valuations. Apr 29, 2011 2 if places like carmax etc give kbb on tradein not saying they do they need to add some money on to cover overhead, proft etc.

When offering a quote and pricing vehicles, carmax uses a fourstep process and considers the vehicles exterior, interior, test drive, and vehicle valuation. Come find a great deal on used cars in your area today. If you dont know how the industry appraises cars, you wont be able to effectively negotiate your current cars appraisal value. Compare real, custom auto loan offers from up to 5 lenders in minutes. If you buy a car from them, you will pay a new car price for a used car. About kelley blue book values new and used car price. In addition, the representative told us that carmax vehicles are typically priced lower than their kelley blue book value. Get one upfront price, a car history report, and all the answers you need, for every car. Of course carmax and any other dealer is going to offer less than retail for a car. Check car prices and values when buying and selling new or used vehicles. Data black book acquires their pricing data from wholesale auctions, and retail. I cashed the check and used it as part of the downpayment for my new, familyfriendly car. The price that matters is the price some party is willing to pay, so the real issue is whether carmax pays more or less than other dealers or individuals.

We are looking to purchase a new toyota sienna and are trading in a 2007 saturn vue, if it matters. Knowing your tradeins value before you visit your new car dealer is essential. You might want to have carmax do an appraisal anyway because like instant cash offer you get a baseline market value for your vehicle. As for the cost they claim it costs for reconditioning, this where they receive more profit. Kelley blue book pricing takes this into account when determining the value of a vehicle. The offered price was exactly what kelly blue book had suggested we could expect. Second, carmax prices are not based on kbb, blackbook, or any other online car shopping resource. The most commonly used are the kelly blue book, and the edmunds used price guide. That is their niche a no haggle price and people buy cars from them because of that. Get used car values from black book with our car pricing guide and compare black book to kbb and nadaguides, two other popular valuation sources. It gives you an idea of the asking prices you might see on dealers lot.

Millions of cars are ruled out by our vetting process. Carmax employees reveal why the company may not be the best. How much does carmax give you for your car answers. New car prices and used car book values nadaguides. They also tend to stock cars that are mostly 58 years old and less, mostly with fairly low mileage on them. Its the source for current transaction prices, whether a used car is a tradein or sold through a private party or dealer. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. In depth view into carmax book value quarterly including historical data from 1997, charts, stats and industry comps. 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.

This type of estimate will usually be higher than a carmax valuation. Price ranges based on the middle 50% of prices for our top selling yearsmakesmodels from january 1, 2018, through april 30, 2018. How kelley blue book values used cars by lyndon bell one of the first pieces of advice anyone researching the process of buying a used car usually runs across is to check the blue book. On the high end, the most expensive car regardless of trends. Many dealers utilize the kelley blue book guide prices for used vehicles, and dealers and customers negotiate the actual price of a vehicle downward from that level. How much is an oil and filter change, a wash and wax, and in some cases painless dent repair.

See the latest and greatest features of the newly redesigned cars, trucks and suvs headed to a dealer near you in 2019. Based on the past, they usually honor the carmax value. Unlike edmunds, however, kelley values generally cater more toward the dealer. Vehicle history is an important factor in determining a cars value. Kelley blue book receives realworld used car prices on a daily basis from wholesale auctions, independent and franchised dealers, rental fleets, auto manufacturers, lessors, and. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. They are also lower than the edmunds price guide, and the nada.

Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing. Should you sell your car yourself or accept kelley blue book. We dont have access to how kbb calculates its prices, but at a high level. You shouldnt buy from carmax if you want the absolute best possible price on a car. Just like any good reseller, carmax makes its money by buying low and selling high. The kelley blue book also gathers its data from a number of different sources. When i opened the engine it was spotless and i owned the car for two years. According to kelley blue book, the brands with the best resale value are.

In general, youll find that the kbb values are similar to those provided by edmunds. We never sell cars with flood or frame damage, or salvage history. Take a 2010 honda accord ex sedan in very good condition with 50,000 miles on the odometer and see what it is worth. This tool will estimate the tradein value and privateparty sale value including price and the average amount of time it will take to sell. Then, take it to tesla and see if they will honor it. A quick tour of kelley blue books usedcar valuation service. The appraiser even noticed where the paint on the top of the front fenders had been blended when the hood was replaced due to hail damage right before mom bought it in 2008. You can expect a few hundred dollars below average trade in value if your car is in good shape.

So good in fact, that even a seasoned gearhead can get hypnotized by the desire to buy car the. How carmaxs usedcar prices compare to kelley blue book. The 5 best ways to sell your car in terms of ease, value. Its oftentimes more convenient for a smaller used car dealership to simply print a retail book sheet to use as a window sticker. Carmax can evaluate tradeins for free and make you an offer that is good for. Carmax sets the offer based on a few factors, including. The kelley blue book private party value reports on a fair price when selling the car to an individual instead of doing a dealer trade in. Trade in or sell your car with an official offer based on kelley blue book values. Usually, those who use one are also familiar with the other. Tell me about selling a car to carmax ars technica.