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My first experience with Carmax
Posted on 3/4/26 at 1:13 pm
Posted on 3/4/26 at 1:13 pm
Was shopping for a new car for the missus. Before we hit up dealerships, I got an online offer from Carmax for the vehicle we were trading in. Long story short, the dealer offered us for our trade-in $9.3K below what Carmax offered. I told them no, they came up 4 grand best and final, still $5.3K less than Carmax. Ended up purchasing a car from a dealer and driving over to Carmax and selling our trade-in. It was a pretty simple and painless process.
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Posted on 3/4/26 at 1:15 pm to Adajax
Thank you for sharing.
Posted on 3/4/26 at 1:16 pm to Adajax
I did the same with Carvana and they even came and picked it up.
Posted on 3/4/26 at 1:21 pm to Adajax
How is the title transferred over to Carnax and how do you get your money?
Posted on 3/4/26 at 1:23 pm to Adajax
I read that initially as "my first experience with Carmex." I was about to comment "herpes?"
Posted on 3/4/26 at 1:25 pm to Adajax
Carmax is usually a great option to trade, or least get a value on a vehicle, before heading to a dealership. I would never buy from Carmax, but would sell to them. With their nationwide network, they are willing to
pay good $, and send the vehicle to a “hot” market.
pay good $, and send the vehicle to a “hot” market.
Posted on 3/4/26 at 1:26 pm to Adajax
Bought my last car there, paid to the penny what it said I would online, only thing they tried to upsell me on was a warranty, but they weren’t pushy.
Posted on 3/4/26 at 1:26 pm to Adajax
quote:What was the impact of taxes?
Was shopping for a new car for the missus. Before we hit up dealerships, I got an online offer from Carmax for the vehicle we were trading in. Long story short, the dealer offered us for our trade-in $9.3K below what Carmax offered. I told them no, they came up 4 grand best and final, still $5.3K less than Carmax. Ended up purchasing a car from a dealer and driving over to Carmax and selling our trade-in. It was a pretty simple and painless process.
Posted on 3/4/26 at 1:27 pm to tigger4ever
quote:
How is the title transferred over to Carnax and how do you get your money?
Same as any other trade in/sale. You sign sale papers, title and they cut you a check in house.
Posted on 3/4/26 at 1:28 pm to Adajax
Carmax usually gives a little more but it nets out with taxes
Posted on 3/4/26 at 1:30 pm to LSUtgrboy
quote:
would never buy from Carmax, but would sell to them
They do not haggle and are slightly overpriced.
Posted on 3/4/26 at 1:31 pm to Adajax
Carmax is great in non shithole/ Yankee towns.
Posted on 3/4/26 at 1:32 pm to Adajax
Sold my Tahoe to Carmax back in 2022 during the height of used car prices sky rocketing and they offered about 7k more than any dealership I brought it by. Was a 2019 with about 35k miles on it and got about 3k less for it than what I originally paid in 2019. Would do businesss with Carmax again. Really easy process.
Posted on 3/4/26 at 1:35 pm to Adajax
I have gotten over trade in value for 3 vehicles sold through carmax. Never had an issue.
Posted on 3/4/26 at 1:38 pm to Adajax
Don't forget to put some of that sale aside for taxes my friend.
Posted on 3/4/26 at 1:45 pm to Adajax
It's great for chapped lips.
Posted on 3/4/26 at 1:51 pm to Bjorn Cyborg
Used carmax to trade in a car recently. Gave me exactly what they said they would and was quick and easy.
Carvana on the other hand said they’d give me a certain amount and then when I showed up offered me several thousand less. It wasn’t a carvana office, but some guy at a Honda dealership representing Carvana who I could tell was going to be a squirrelly frick from the second I met him.
Carvana on the other hand said they’d give me a certain amount and then when I showed up offered me several thousand less. It wasn’t a carvana office, but some guy at a Honda dealership representing Carvana who I could tell was going to be a squirrelly frick from the second I met him.
Posted on 3/4/26 at 1:52 pm to Adajax
Others have asked the tax question ... you do realize that when you trade in, your sales tax is based on the differential after deducting the value of the trade in. This was not always the case in Louisiana -- and went into effect I think about 3 years ago ... point being you paid the full sales tax on the new car (9% in EBR I think). So we all hope you did those calculations before making your decision.
Posted on 3/4/26 at 2:05 pm to Chill Pill
quote:
sales tax is based on the differential after deducting the value of the trade in. This was not always the case in Louisiana -- and went into effect I think about 3 years ago ...
This law was in effect in 1994, the last year I was in the car business. It is not anything new, they just play with the numbers to screw people out of several thousand dollars. Only when the customer catches their lie, do they correct the sales tax..... Ask me how I know.
Posted on 3/4/26 at 2:07 pm to SludgeFactory
quote:Do you think he made a profit in the sale of his used car to Carmax?
Don't forget to put some of that sale aside for taxes my friend.
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