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how does carmax work?
carmax offers 2 different services:
- you can buy the car through carmax
- you can sell your car through carmax
selling through carmax starts by visiting the carmax website and submitting a quick request for a free estimate.
With their “no haggle” policy, you get an immediate advance payment on your car, or you can choose to wait up to 7 days to consider your offer before finalizing.
best of all, carmax buys all kinds of cars, so you don’t have to worry about the model of car you want to sell.
How much can you get for your car with carmax?
The amount of money you can get for your car with carmax depends on the make, mileage and condition of the car.
carmax will review current market conditions, as well as your car’s make, model, mileage and history.
The company will also examine the condition of your car for major defects, such as chassis damage or flooding. Furthermore, they test drive your car and check if the brakes and turn signals work.
for whom is carmax better?
carmax is best for people looking to sell cars online and earn extra income. it is also intended for buyers looking for a variety of cars to choose from.
what kind of cars does carmax buy?
When it comes to the types of cars it can sell, Carmax isn’t very picky. The company accepts all makes and models in all types of conditions. this means you can even sell a damaged car to carmax.
so carmax will even buy your car if you have:
- engine problems
- “check engine light” on
- it’s garbage
- a story of recovery
- frame damage
- flood damage
- registration fee
- title transfer fee
- tax rate
- the “no haggle” policy allows carmax to pay you in advance.
- you can submit your application online, without visiting the dealership.
- You don’t have to deal with the stress of advertising or trying to convince strangers to buy your car.
- carmax offers a good price for your used vehicle.
- high processing fee of $100-$400 at some carmax outlets.
- Although the process is simple, you still need to visit a retail location before you can sell your car.
- the make and model of your vehicle
- year of production
- current state
- car location
However, you should be aware that carmax thoroughly inspects your car and checks your car’s history, condition and worthiness. having said that, carmax will not buy a car with:
how fast can you sell your car with carmax?
While the carmax appraisal process can take up to 7 days, carmax can provide you with an offer in less than 2 minutes and write you a check on the spot. essentially, carmax will pay you the same day you sell your car.
carmax rates: how much does it cost to use carmax?
carmax offers a free valuation. however, some carmax outlets charge a processing fee of between $100 and $400 to cover the processes involved in handling all sales paperwork.
You will also have to pay state fees related to the sale of your car, such as:
Please note that these fees vary from state to state.
carmax payment options
The platform will deliver your payment the same day you sell your car to the company. carmax pays with a bank draft, a type of check that guarantees that the payment will be available from the issuing bank.
carmax reviews: is carmax legit?
yes, carmax is a legitimate company that does what it says on the tin: it buys your vehicle directly from you.
although carmax has an a+ rating, it is not accredited by the best business bureau and has an overall score of 1.2 out of a 5-star rating. it also has a 1.8 rating on trustpilot. some of these complaints were from vendors complaining about slow service. others also stated that the company does not take its offers seriously.
otherwise most of the positive reviewers were happy with the support. they said that when they contacted them they got an almost immediate response. the answers would be complete with answers to your questions and resolutions to the challenges.
what are the advantages and advantages of carmax? cons?
cons of carmax
If you want to sell a car on behalf of a company, you can contact the carmax business office associate for the necessary requirements.
how good is carmax support?
carmax has detailed articles and FAQ pages. Also, if you have any trouble setting up your account online or have any issues, you can contact our customer support team at (800) 925-3612.
carmax review verdict: is carmax worth selling a car?
Overall, I would say selling your car to Carmax is worth it, especially if you don’t want to go through the stress of selling your car yourself. selling to carmax is especially convenient because the procedure is fast.
but I recommend that you take a closer look at the pros and cons of selling your car with carmax to make a rational decision.
sites like carmax
carmax vs. peddle
peddle is one of the largest companies that buys your used cars or even junk cars and operates across the country. While Carmax and Peddle provide an instant offer online, Carmax requires you to visit their point of sale for an inspection. on the other hand, peddle would pick up or tow your vehicle right from your parking spot for free, leaving you with a check.
carmax in front of wheels
Like carmax, wheelzy offers a hassle-free, stress-free and low-risk car sales experience. Compared to Carmax with a detailed evaluation process, Wheelzy’s condition evaluation is straightforward.
carmax also requires you to visit their outlet for a car inspection and has high fees of around $100-400.
carmax versus ebay engines
Like Carmax, ebay motors is an automobile website that sells used and certified used vehicles and parts. Compared to Carmax’s high processing fee of $100-$400, eBay Motors has an extensive list of fees and packages, including the $25 Basic Package, $55 Add-on Package, and $95 Professional Package. Overall, both platforms offer great features and have no hidden fees.
carmax vs. carbrain
carbrain, formerly “damagedcars”, is an automobile retail company that primarily specializes in purchasing damaged or defective automobiles for reuse. the main difference between carmax and carbrain is that carbrain would accept your damaged or even junk car without you visiting their location.
carmax vs. carvio
The way carvio works is pretty similar to the way carmax works. but the biggest downside to carvio is probably the fact that they only accept specific car brands.
other car sales sites like carmax
how do you sell a car to carmax?
selling your car to carmax is as easy as it sounds, all you need to do is follow the simple steps below.
step 1: log in to the carmax website
The first step in selling your car to carmax is to log into the carmax website and click on the “sell” option on the home page.
step 2: fill out a form
once you’re on the “sell” page, you’ll need to fill out a quick form to provide details about your car, such as:
these details will help carmax experts to offer you the best offer for your car.
Step 3: Inspection
if carmax is interested in your car, they will send you a message notifying you to make an appointment and bring your car in for inspection.
This step is required for carmax to ensure that your vehicle meets the specifications you have provided.
step 4: receive a quote
After the inspection, you will immediately receive a quote for your car. You can accept the offer immediately or take a few days (up to 7 days) to make a decision.
step 5: submit documents & hand over the car keys
as soon as you accept an offer from carmax, all you have to do is provide them with all the required documents and your car key.
Step 6: Get paid
the best thing about carmax is that they give you your payment the same day you sell your car to the company. carmax pays with a bank draft, a type of check that guarantees that the payment will be available from the issuing bank.
Please note that the money order must be deposited and cannot be withdrawn.
documents to sell a car to carmax – what documentation do you need to have?
Let’s take a look at all the required documentation you will need to provide to carmax to sell your car:
- car title: You must provide the title of your car. If you don’t have a title, you should go to your local Department of Motor Vehicles (DMV) to get a duplicate car title. please note that all holders must be present and payment details must be completed.
- Car Registration: You will also need a valid and current vehicle registration indicating proof of ownership.
- ID: You must present a valid and current state-issued photo ID. if the car has other owners, each one must present their own identification.
- car keys & Remote Control : Lastly, you must hand over all car keys and remote controls.
frequently asked questions about carmax
what is carmax?
carmax is an automotive retail company that prides itself on providing you with a stress-free method of buying or selling your car.
Headquartered in Richmond, VA, and over 27,000 employees, Carmax has been around for nearly 3 decades and has as many as 200 physical locations across the United States.
Today, carmax has become the go-to place to sell your car at a reasonable price, especially since you can do it online.
As a well-regarded company, Fortune recently ranked Carmax on its list of the 100 Best Companies to Work For in 2020.
does carmax give good ratings?
carmax offers a better deal for your car compared to other regular dealers. but you can get a higher amount if you sell your car privately.
can you negotiate with carmax when selling a car?
Unfortunately, you can’t. the best thing to do if you don’t like the quote provided by carmax is to decline the offer.
does carmax have hidden fees?
No, they don’t. Other than state and processing fees, which do not apply at all Carmax locations, Carmax does not charge you any other fees for selling your car to them.
How does carmax choose the vehicles it buys?
carmax digs deep into each car’s history to rule out any cars with flood damage, frame damage, or salvage history.
Can I negotiate my offer?
no, all carmax offers are firm and valid for 7 days.
To determine an offer, Carmax reviews current market conditions as well as your car’s specific year, make, model, mileage and vehicle history report. the company also examines the condition of your car inside and out for major defects, such as frame or flood damage.