Get an estimate/appraisal from Carmax. Then list it on craigslist for $500-$1000 more than the estimate. Wait a day or two, then sell it before the CarMax estimate expires if you can't get the extra $.
I like both of them but would not recommend Carmaxxx. They'll try to screw you.Agree with Carmaxx. I've sold one car there, another to a dealership who matched Carmaxxs price.
I'd ask for more than that. I just sold a 2005 Tahoe on Craigslist. Carmax offered $5500. I listed it on Craigslist for $7900, had 3 calls and had it sold for $7200 about 5 hours after listing that ad.Get an estimate/appraisal from Carmax. Then list it on craigslist for $500-$1000 more than the estimate. Wait a day or two, then sell it before the CarMax estimate expires if you can't get the extra $.
This is a pretty good idea...
How much over really depends on your market & how quickly you want to sell. I've sold 3 cars to carmax. I have no patience for tirekickers.I'd ask for more than that. I just sold a 2005 Tahoe on Craigslist. Carmax offered $5500. I listed it on Craigslist for $7900, had 3 calls and had it sold for $7200 about 5 hours after listing that ad.Get an estimate/appraisal from Carmax. Then list it on craigslist for $500-$1000 more than the estimate. Wait a day or two, then sell it before the CarMax estimate expires if you can't get the extra $.
This is a pretty good idea...
Also check similar cars on Craigslist. That's your competition.Don't forget to check KBB, NADA & edmunds.com for used car values. Check all 3... there can be a significant difference in values.
These are not really as important as what people are actually listing/selling the cars for. I was in the market for an Accord about 3 years ago and it was impossible to find anything listed that was even in the KBB, Edmunds ballpark. Likewise, I sold my old Acura Integra around the same time and sold it for $4500 and I think KBB listed its value at $2500. Took about 2 days to sell the carDon't forget to check KBB, NADA & edmunds.com for used car values. Check all 3... there can be a significant difference in values.
YMMV. Some cars have stupid resale values vs original cost. You can get a used Audi cheaper than a used Subaru of the same year. Cost of maintenance, insurance etc looms large.These are not really as important as what people are actually listing/selling the cars for. I was in the market for an Accord about 3 years ago and it was impossible to find anything listed that was even in the KBB, Edmunds ballpark. Likewise, I sold my old Acura Integra around the same time and sold it for $4500 and I think KBB listed its value at $2500. Took about 2 days to sell the carDon't forget to check KBB, NADA & edmunds.com for used car values. Check all 3... there can be a significant difference in values.
It's not always the case, but here in the Bay Area where gas prices are high and people commute long distances, reliable and fuel efficient vehicles command a premium. The V6 Accords were less expensive than the 4-cyl despite the V6 being an upgrade on a new Accord. I actually wanted the 4-cyl, but the premium I would pay on the used market steered me to the V6.YMMV. Some cars have stupid resale values vs original cost. You can get a used Audi cheaper than a used Subaru of the same year. Cost of maintenance, insurance etc looms large.These are not really as important as what people are actually listing/selling the cars for. I was in the market for an Accord about 3 years ago and it was impossible to find anything listed that was even in the KBB, Edmunds ballpark. Likewise, I sold my old Acura Integra around the same time and sold it for $4500 and I think KBB listed its value at $2500. Took about 2 days to sell the carDon't forget to check KBB, NADA & edmunds.com for used car values. Check all 3... there can be a significant difference in values.
This is exactly what I did two months ago. I had the carmax appraisal which I think is good for 10 days. I got it right before the 4th of July extended weekend. Posted the car on craigslist Friday night for $1k more than the estimate. Ended up selling it that weekend for $800 more than appraisal.Get an estimate/appraisal from Carmax. Then list it on craigslist for $500-$1000 more than the estimate. Wait a day or two, then sell it before the CarMax estimate expires if you can't get the extra $.
You people kill me. They give you a market value offer, take it or leave it. How is that screwing you?I like both of them but would not recommend Carmaxxx. They'll try to screw you.Agree with Carmaxx. I've sold one car there, another to a dealership who matched Carmaxxs price.
They actually do not give you a market value offer.You people kill me. They give you a market value offer, take it or leave it. How is that screwing you?I like both of them but would not recommend Carmaxxx. They'll try to screw you.Agree with Carmaxx. I've sold one car there, another to a dealership who matched Carmaxxs price.
People flock to them because it's no haggle. They take advantage of a lot of people's discomfort with conflict and negotiating. Brilliant on their end.They actually do not give you a market value offer.You people kill me. They give you a market value offer, take it or leave it. How is that screwing you?I like both of them but would not recommend Carmaxxx. They'll try to screw you.Agree with Carmaxx. I've sold one car there, another to a dealership who matched Carmaxxs price.
They determine the market value, then knock a pre-set percentage off, and offer that to you, take it or leave it.
Carmax has this fairness reputation that they really do not deserve. Its simple because it is no haggle, but that actually costs you more (provide you can haggle the smallest amount anywhere else).
do you think they are working for free? They offer a service and a back stop. Do you complain when the bank charges you interest for the money you borrow or the store marks up the cost of the products you buy?They actually do not give you a market value offer.They determine the market value, then knock a pre-set percentage off, and offer that to you, take it or leave it.You people kill me. They give you a market value offer, take it or leave it. How is that screwing you?I like both of them but would not recommend Carmaxxx. They'll try to screw you.Agree with Carmaxx. I've sold one car there, another to a dealership who matched Carmaxxs price.
Carmax has this fairness reputation that they really do not deserve. Its simple because it is no haggle, but that actually costs you more (provide you can haggle the smallest amount anywhere else).
I was seriously considering leasing, but the MD excise tax has made me determine that leasing is stupid in MD.Another advantage of leasing.
Just to clarify, above is not a complaint. It is an observation of what the situation really is.do you think they are working for free? They offer a service and a back stop. Do you complain when the bank charges you interest for the money you borrow or the store marks up the cost of the products you buy?They actually do not give you a market value offer.They determine the market value, then knock a pre-set percentage off, and offer that to you, take it or leave it.You people kill me. They give you a market value offer, take it or leave it. How is that screwing you?I like both of them but would not recommend Carmaxxx. They'll try to screw you.Agree with Carmaxx. I've sold one car there, another to a dealership who matched Carmaxxs price.
Carmax has this fairness reputation that they really do not deserve. Its simple because it is no haggle, but that actually costs you more (provide you can haggle the smallest amount anywhere else).
That's the main reason why I like trading in.Trade it in. Way easier. Or at least go the carmax route.
If the car breaks, i dont need crazies knowing where my family lives. Not worth the risk.
You people kill me. They give you a market value offer, take it or leave it. How is that screwing you?I like both of them but would not recommend Carmaxxx. They'll try to screw you.Agree with Carmaxx. I've sold one car there, another to a dealership who matched Carmaxxs price.
Question regarding Carmaxx, so let's say I offer something like $100 less than what they are selling a car for, are they seriously going to pass on that sale because I "haggled" the for $100?People flock to them because it's no haggle. They take advantage of a lot of people's discomfort with conflict and negotiating. Brilliant on their end.They actually do not give you a market value offer.They determine the market value, then knock a pre-set percentage off, and offer that to you, take it or leave it.You people kill me. They give you a market value offer, take it or leave it. How is that screwing you?I like both of them but would not recommend Carmaxxx. They'll try to screw you.Agree with Carmaxx. I've sold one car there, another to a dealership who matched Carmaxxs price.
Carmax has this fairness reputation that they really do not deserve. Its simple because it is no haggle, but that actually costs you more (provide you can haggle the smallest amount anywhere else).
Yes.Question regarding Carmaxx, so let's say I offer something like $100 less than what they are selling a car for, are they seriously going to pass on that sale because I "haggled" the for $100?People flock to them because it's no haggle. They take advantage of a lot of people's discomfort with conflict and negotiating. Brilliant on their end.They actually do not give you a market value offer.They determine the market value, then knock a pre-set percentage off, and offer that to you, take it or leave it.You people kill me. They give you a market value offer, take it or leave it. How is that screwing you?I like both of them but would not recommend Carmaxxx. They'll try to screw you.Agree with Carmaxx. I've sold one car there, another to a dealership who matched Carmaxxs price.
Carmax has this fairness reputation that they really do not deserve. Its simple because it is no haggle, but that actually costs you more (provide you can haggle the smallest amount anywhere else).
Interesting. Okay.Yes.Question regarding Carmaxx, so let's say I offer something like $100 less than what they are selling a car for, are they seriously going to pass on that sale because I "haggled" the for $100?People flock to them because it's no haggle. They take advantage of a lot of people's discomfort with conflict and negotiating. Brilliant on their end.They actually do not give you a market value offer.They determine the market value, then knock a pre-set percentage off, and offer that to you, take it or leave it.You people kill me. They give you a market value offer, take it or leave it. How is that screwing you?I like both of them but would not recommend Carmaxxx. They'll try to screw you.Agree with Carmaxx. I've sold one car there, another to a dealership who matched Carmaxxs price.
Carmax has this fairness reputation that they really do not deserve. Its simple because it is no haggle, but that actually costs you more (provide you can haggle the smallest amount anywhere else).
Way back in 2000 (the last time I bought a new car) the dealer told me that Carmax would give me a lot more for my car than he could offer in trade. He said, "Go get an appraisal & call me when you drop your car off with them and I will come can get you so don't have to worry about logistics of picking up your new car".That's the main reason why I like trading in.Trade it in. Way easier. Or at least go the carmax route.
If the car breaks, i dont need crazies knowing where my family lives. Not worth the risk.
I'll be getting a carmax estimate and a dealer estimate in a couple of weeks.
I'll report back how badly they both try to screw me.
I did the same - they were identical.I'll be getting a carmax estimate and a dealer estimate in a couple of weeks.
I'll report back how badly they both try to screw me.
Off topic, but I've leased in AZ and currently in KS. We don't pay sales tax on the vehicle at the time of sale, but do pay sales tax on the payment. Our sales tax increased 0.35% on July 1st and it increased my lease payment. If we buy out the vehicle at lease end, I would pay sales tax on that transaction price.I was seriously considering leasing, but the MD excise tax has made me determine that leasing is stupid in MD.Another advantage of leasing.
You pay 6% tax on the MSRP of the vehicle when you enter into a lease here. Not the MSRP - residual, the whole thing. And then, if you want to buy the car at the end of the lease... guess what? You pay 6% again on the current book value of the car at that time.
I looked into maybe avoiding this tax by doing a lease swap, but nope, they nail you on that as well. Imagine some poor fool taking over the last 9 months of a lease from someone, going to register @ the DMV, and getting hit with a 6% tax on the value of a 2 year old car for his 9 months of usage.
I have come to the conclusion that the only practical thing to do in Maryland is to buy and hold for as long as you can. Maybe buy a new car every 10 years... or a used every 7 or so. Unless you like setting money on fire.