Carmax appraisal vs blue book

Both companies consider the following factors in their offersestimates. 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. I could not get the kelly blue book value because it didnt list this years model year yet. I have a acura tsx and they have a very good resale value. I just sold a car to carmax a few months ago and got blue book for it. If you still owe money on the loan, and the vehicles appraised value isnt enough to pay it off. Register a free account to be able to post and unlock additional forums and features. Carmax does not look at kelley blue book, edmunds, or nada. Look up the nada used car value and also check your cars tradein value using pricing guides such as and kelley blue book. Look up your cars value on the kelley blue book or edmunds sites. A quick tour of kelley blue books usedcar valuation. That appraisal will be in writing and is good for seven days, giving you enough time to visit multiple dealerships and use your carmax appraisal to try to get a better offer. How much is an oil and filter change, a wash and wax, and in some cases painless dent repair.

They are also lower than the edmunds price guide, and the nada. Those of you who defend carmax about appraisals are barking up the wrong tree. In business since 1993, carmax has become the target of used cars, synonymous with a dignified and painless buying experience. We never sell cars with flood or frame damage, or salvage history. 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. Vehicle history is an important factor in determining a cars value. The representative was really nice and professional. That is their niche a no haggle price and people buy cars from them because of that.

The kelley blue book is the most popular usedcar buying guide. Around here you can take your car to carmax and get a price that they will pay to you right there. Second, carmax prices are not based on kbb, blackbook, or any other online car shopping resource. Carmax will give you what is known as used car auction price for your vehicle. We just sold a car to them and we werent looking to buy another care, so it wasnt a tradein but they handle tradeins as separate sales transactions anyway. 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.

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. This is typically significantly lower than blue book trade in values. Heres how to get a carmax appraisal and turn your vehicle into cash rather. As for the cost they claim it costs for reconditioning, this where they receive more profit. You may be familiar with flexible tradein values that are standard practice for many in the industry. You need to write to kelly blue book and explain to them, that they are off base with a vehicles worth. Kbb is somewhat subjective too, is your car in excellent shape or good, etc. Millions of cars are ruled out by our vetting process. You cannot, i repeat, you cannot do research on the value of your car. I brought my rebuilt salvage car with frame damage to carmax for appraisal. According to edmunds, carmax will give you an appraisal following a detailed vehicle inspection.

If you dont, return it within a week for a full refund. Usually, those who use one are also familiar with the other. And, blue book value doesnt mean that is what your car is going to sell for there are market. Took my brand new 2018 mustang gt to carmax, shocking. If the tradein vehicle has been well maintained, the nadaguides. Dec 01, 2017 i took my dodge viper to carmax for an appraisal duration. Carmax spends more money and time reconditioning their used vehicles than most any other used car lot. Kelley blue book new and used car price values, expert.

We were disappointed by the carmax offer, as the buyer blatantly disregarded all of the upgrades our car hadleather, nav, bluetooth, etc. Carmax appraisersspecially trained to evaluate the cars they buy. This criteria includes the vehicles history, current condition, make, model, year, mileage, and desirability in the market. Mar 20, 2020 carmax appraisal vs kbb any good entrepreneur knows that to be a good seller you make money money by buying low and selling high. 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. Carmax employees reveal why the company may not be the best. Carmax is the oldest of the three companies, having been founded in the 1990s.

How to use carfax and kelley blue book in buying or selling a. You might want to have carmax do an appraisal anyway because like instant cash offer you get a baseline market value for your vehicle. Anything that doesnt meet our standards is repaired or replaced by our highly trained technicians. Anonymous i went to carmax to get a appraisal and was very disappointed. 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. I took the car to carmax and got an appraisal which helped extract a higher offer from the other guys insurance company. People sometimes call up the cars kelley blue book value. Get used car values with edmunds car value appraisal tool. Nov 06, 2018 another option is to go to carmax before taking your car to a dealership. Stop wasting your breath on telling us whiners and go to the source.

If you got a generous price for your old car, it may mean you paid too much for your. I took my dodge viper to carmax for an appraisal autotrader. Take carmax appraisal to other dealers and ask them to beat it in a cash offer. I took my dodge viper to carmax for an appraisal duration. I could hardly contain my excitement, as ive now correctly guessed two carmax appraisals in a row. 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. You should buy from carmax if you like testdriving lots of cars before you commit and you should. 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. Jul 12, 2014 a quick tour of kelley blue books usedcar valuation service shows you why.

Welcome to, the premier online community for the discussion of real estate appraisal. How to use carfax and kelley blue book in buying or. When comparing carmax vs carvana vs vroom sales models, carmax is the closest to a regular car dealership, having multiple locations throughout the country. I first took the car in to carmax for an appraisal.

Bottom line is carmax is going to give you a price they feel good about. Feb 28, 2020 the kelley blue book is the most popular usedcar buying guide. If you have a newer vehicle avoid carmax at all cost. Carmax appraisals use the same general criteria as personalized kelley blue book estimates. Thats why your carmax offer may be lower or higher than kbb. This means your vehicle will go to wholesale auction, and. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. So anyway, john and chip checked out the car, looked it over and went into their lair the carmax business office to discuss where to value it, and they came back with my appraisal. Jun 25, 2012 we carefully appraised the 2004 mazda6 before we visited carmax. 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. C class, crv, cx5, camaro, camry hybrid, canyon, challenger. At carmax, well buy your car even if you dont buy ours. Fast and freeyour appraisal can take as little as 30 minutes and youre welcome to watch while you wait. You can expect a few hundred dollars below average trade in value if your car is in good shape.

We are looking to purchase a new toyota sienna and are trading in a 2007 saturn vue, if it matters. Just like any good reseller, carmax makes its money by buying low and selling high. One key difference about carmax is that our appraisal offer is the same whether you buy a car from us or not. Carmax appraisal vs kbb any good entrepreneur knows that to be a good seller you make money money by buying low and selling high. The appraisal is a roughly calculated amount of what carmax would expect the car to sell for at a wholesale auction, not at retail after reconditioning. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. If it does, they up somewhere along the line, either in the initial appraisal. I went to carmax to get a appraisal and was very disappointed. The most commonly used are the kelly blue book, and the edmunds used price guide. No appointment neededbring your car in for an appraisal any time theyre open. Please start all threads regarding covid19coronavirus and how it relates to appraising in the covid19 coronavirus forum. One would think, then, that listed prices would be high, and one would be. The vehicle history report that you pull out from carfax can be used to investigate that particular car information pertaining to a vehicles title, registration and usage or driving habit of the. They only offered me half of kelley blue book they have my same care listed for double what they wanted to pay me.

Take a 2010 honda accord ex sedan in very good condition. They offered us more than we were hoping for we looked up values in kelley blue book. The blue book value, as it is sometimes called, will vary based on the shape your automobile is in. Given such, kbb is a trusted source for getting the value of car. On the high end, the most expensive car regardless of trends. This blue book value price can be used as your guidance for the reasonable market price for used cars with that make, model, year and option.

It is always lower than the kbb or edmunds price, but then it is a real offer with cash to back it up, and no other bs about a new car purchase to complicate the deal. Check car prices and values when buying and selling new or used vehicles. We decided to sell our car, so we checked the blue book value, listed for private party sale, and also go a carmax bid. Take a 2010 honda accord ex sedan in very good condition with 50,000 miles on the odometer and see what. This means your vehicle will go to wholesale auction, and carmax generally makes very little on these. A quick tour of kelley blue book s usedcar valuation service shows you why. Heres a look at just how trustworthy it is plus a comparison with the competition. The final sales price depends on the cars actual condition and local market factors. Tell me about selling a car to carmax ars technica.

Kelley blue book is hit or miss, the market changes too fast for kbb to keep up, but that doesnt mean its useless, you just need to do more research. How carmaxs usedcar prices compare to kelley blue book. By clicking submit and providing your phone number, you agree that carmax may send automated call andor send text messages to the number you provide for information relating to your appointment. While there are great companies that offer a no hassle way of selling a car, it helps to examine kbb and carmax, huge entities when it comes to selling a car. Before we do that, ill start by showing the kelley blue book value of my car as a baseline. But your carmax offer may be lower or higher than the kbb estimate because carmax uses its own data and inspection process. We carefully appraised the 2004 mazda6 before we visited carmax. May 03, 2020 decisions like this can question lots of things. Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing. Apr 20, 2017 so anyway, john and chip checked out the car, looked it over and went into their lair the carmax business office to discuss where to value it, and they came back with my appraisal. Carmax completely low balled me and it wasnt close. A quick tour of kelley blue books usedcar valuation service shows you why.

When i opened the engine it was spotless and i owned the car for two years. Get your carmax offer, then put it on craigslist for more and it will sell. Kelly blue book prices are completely ridiculous and inaccurate. Get one upfront price, a car history report, and all the answers you need, for every car. For the simple reason they do not write checks for vehicles. This means that usually the offer will be below typical kelley blue book private sale values. Took my brand new 2018 mustang gt to carmax, shocking value. Before you rely on carmax to deliver an unreliable tradein value, see. 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. Carmax vs webuyanycar how is we buy any car different. So, we will examine what the kelley blue book instant cash offer is, compared to selling your car to carmax. This is an as is value that does not include any warranties. They also tend to stock cars that are mostly 58 years old and less, mostly with fairly low mileage on them. Another option is to go to carmax before taking your car to a dealership.