KBB or Carmax or. .. [Archive] (2024)

MX-5 Miata Forum > All Miatas > Pricing and Dealer Discussion > KBB or Carmax or. ..

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skysailer

24th April 2019, 12:22

For reasons I don't want to explain I need to sell my 2018 Club. It has less than 7k miles on it and is in perfect shape.

What's your recommendation on selling it quickly?

Carmax?
KBB?
Craigslist?

Anything I missed?

Thank you!
Sky

RFonWAY

24th April 2019, 12:24

Nothing quicker than Carmax.

intrigueturbo

24th April 2019, 12:36

I recently sold my 2017 to Vroom. They're an online company based in Dallas and almost the entire transaction is done online. They'll give you an offer within 30 minutes once you put in some info. The process takes longer than Carmax but it was pretty easy.

dkl

24th April 2019, 12:47

Any dealer (probably regardless of brand) will give you an offer in 30 minutes if you just drive up and say you want to sell. If you owe money on it, they will have all the paperwork to take care of that for you which is nice. Going to the bank with a private party buyer is likely to be pretty annoying. That said, if you have a few days it's probably worth putting on craigslist or OfferUp or AutoTempest, as a private sale will definitely get you a few thousand dollars more. For reference, I just tried to sell my '18 Club with 3.5k miles and was offered 20k at the local Mazda dealer, 19k at Carmax, and had some nibbles with it listed at 24k on craigslist. Ended up not selling, but hopefully that's helpful.

Hanzo

24th April 2019, 12:50

Carmax is the fastest but you will loose thousands. I had good luck selling cars on Autotrader.com

CX-5

24th April 2019, 12:53

For reasons I don't want to explain I need to sell my 2018 Club. It has less than 7k miles on it and is in perfect shape.

What's your recommendation on selling it quickly?

Carmax?
KBB?
Craigslist?

Anything I missed?

Thank you!
Sky

Take the car to a dealer or two in your area . They will appraise the car and offer you a cash price. If you are satisfied with the price, sell the car to a dealer.
If you want a higher price list it for sale on Autotrader, Craig's List etc... and then you will deal with consumers visiting you to see and drive the car etc...
but you will likely receive a few thousand dollars more by selling it to a consumer (retail price) then you would to a dealer (wholesale price).

RivMan

24th April 2019, 12:58

Sold my Fiesta ST to Carvana. It was quick and they paid ~$400 less than I was trying to get for a month on Craigslist.

-Rob

thill444

24th April 2019, 13:13

KBB will also make you an instant offer. I would try them, Carvana, Vroom and Carmax. Are you trading it in towards another car or just selling it?

Does Vroom/Carvana make you take it to a mechanic for inspection?

dkl

24th April 2019, 13:49

KBB will make you an instant offer that happens to be exactly the low end of their trade-in value. And then they will have 5 different "partnered dealerships" call you and try to make that deal. I guess you can then try to talk up the price with a specific dealership, but the whole thing still seemed pretty obnoxious to me.

intrigueturbo

24th April 2019, 13:53

Does Vroom/Carvana make you take it to a mechanic for inspection?

Not really. They base their offer on what you tell them and I'm sure they run the VIN through Carfax themselves. Otherwise, for Vroom the driver of the truck does a walk around inspection when they pick it up and I imagine they inspect further once they get the car at their facility. My car was picked up on Monday and I'm still waiting to receive the wire transfer from my sale so the jury is still out for now.

RivMan

24th April 2019, 15:01

Does Vroom/Carvana make you take it to a mechanic for inspection?

When I sold my Fiesta, they had me list any flaws (None) and made an offer. I accepted and they sent a driver to meet me. The driver did a ~10 minute inspection and a ~5 minute test drive, loaded it on a truck, and handed me a check. No mechanic involved.

-Rob

KLF

24th April 2019, 15:28

I just went though this with selling a car.

* I took it to CarMax, took about an hour, they gave me an offer that was several thousand less than what I was asking. Like Carvana, they are getting desperate for cars. I read an article the other day that Carvana is stepping up and getting more aggressive about buying cars, they make more on trade-ins than they do on auctions.

* Ran the KBB instant purchase thing. Offer was about $10 less than CarMax. Then my Inbox on that email got flooded with emails from dealers trying to buy the car. Whatever you do, do NOT give them your real phone number (use a phony one), and get a burner email account to deal with all the spam.

* Put it on craigslist. If you go this route, make sure you take LOTS of good photos. And even if you put in the ad that you won't respond to low ball offers, you will still get them. Get ready for scam emails and all that hassle.

* I ended up selling the car to a friend of a friend, for very close to my asking price ($3500 more than the CarMax offer), that was last Saturday.

Money in the bank now, starting my search for an ND.

Gunner80

24th April 2019, 16:01

Any dealer (probably regardless of brand) will give you an offer in 30 minutes if you just drive up and say you want to sell. If you owe money on it, they will have all the paperwork to take care of that for you which is nice. Going to the bank with a private party buyer is likely to be pretty annoying. That said, if you have a few days it's probably worth putting on craigslist or OfferUp or AutoTempest, as a private sale will definitely get you a few thousand dollars more. For reference, I just tried to sell my '18 Club with 3.5k miles and was offered 20k at the local Mazda dealer, 19k at Carmax, and had some nibbles with it listed at 24k on craigslist. Ended up not selling, but hopefully that's helpful.

OUCH!:ohno:

NastyNate

24th April 2019, 16:15

Carvana. Carmax will low ball the crap out of you. Carvana gave $3000 more on my Fiat 500 Abarth than Carmax. And they even came and picked it up!

skysailer

24th April 2019, 16:41

So far Carvana offered $3,000 more (~$21k) than Carmax.... Waiting for the dealer to call back

Old Geezer

24th April 2019, 16:51

So far Carvana offered $3,000 more (~$21k) than Carmax.... Waiting for the dealer to call back

That's great. I hope you unload it quickly.

JDM.chris

24th April 2019, 17:20

shift.com Paid more than CarMax and was easier.

skysailer

24th April 2019, 21:26

Dealer that sold me the car is offering the same as Carvana.

Since they've been great to deal with from day 1, I'm happily selling the car back to them.

Thanks again for every ones help!

stevenvillatoro

24th April 2019, 22:26

I’ve sold two cars to CarMax in the last three years. In both cases, they gave me several thousand dollars more than a dealer trade.

Paperwork takes less than half an hour, and you walk out with a cashiers check. Highly recommended.

T-Bo

25th April 2019, 09:55

If you have a little time, definitely try to sell yourself on Craigslist, etc. You may also have luck with Facebook marketplace. Selling to dealers usually results in a lower offer by a few thousand. I guess you have to weigh the benefits of cash in hand vs holding out for a buyer, which would include more time a little more effort for a few thousand more. Good luck.

Todd

clem18

25th April 2019, 10:48

I sold my truck a while back at webuyanycar that is almost $1k higher than the next offer.

MX-5Mustard

25th April 2019, 10:57

Seconding CarMax. When I sold my Hyundai Veloster Turbo, a car with already low residual value, Carmax offered me $2k more than the highest offer from the few dealers that I had appraise it.
Plus it was super hassle free. Would repeat, and recommend, if private sale is not possible.

El Nopal

25th April 2019, 11:23

I've been trying to sell mine lately, but not getting much action on it. I have it listed on craigslist and cars.com at $19K right now. It's the lowest price 2016 GT I can find listed anywhere near me. Not expecting to get that, but the best I have gotten so far is some guy offering me $15k for it.

Might try autotrader, but man... once they implemented that $5 charge for craigslist, it basically became a ghost town.

MX-5Mustard

25th April 2019, 11:27

I've been trying to sell mine lately, but not getting much action on it. I have it listed on craigslist and cars.com at $19K right now. It's the lowest price 2016 GT I can find listed anywhere near me. Not expecting to get that, but the best I have gotten so far is some guy offering me $15k for it.

Might try autotrader, but man... once they implemented that $5 charge for craigslist, it basically became a ghost town.

Have you tried Facebook Marketplace?
I've had great luck selling things there (not cars). Worth a shot if you have an account.

randmness

25th April 2019, 11:28

I would get quotes from all of the places you listed; it's free other than the time. Dealers will give you a quote as well, but I always feel like I'm in a game with them whenever I have to trade in my car.

Before I traded in my 16 ND, I got a quote from CarMax. My dealer ended up matching it.

El Nopal

25th April 2019, 11:44

Have you tried Facebook Marketplace?
I've had great luck selling things there (not cars). Worth a shot if you have an account.
Yep, I have it posted on Marketplace, the ND sale pages, and all of the local Miata Classifieds on Facebook. Got a little interest, but none serious at this point.

bemani

25th April 2019, 12:35

Carmax/Vroom/Honda dealer all gave me the same value for my car.
Don't know what's wrong with Carvana, no quote after a day.

enzia35

25th April 2019, 18:27

I had a very positive experience selling my GX460 at Carmax.

skysailer

4th May 2019, 22:39

Just a quick update... I ended up selling it to the dealer. They matched the price and it was a super quick and easy transaction... I miss my toy already.

stevenvillatoro

4th May 2019, 22:50

Just a quick update... I ended up selling it to the dealer.

Nice work. Don’t stay away from Miata too long.

Don't know what's wrong with Carvana, no quote after a day.

I had a similar experience this week with Carvana. I entered my data online, and got a message that I would be contacted shortly. Five days later, and still nothing.

I tried to call them several times during the interim, but the wait hold times were never less than 30 minutes. Fork that.

75Gremlin

5th May 2019, 09:45

Carmax or a dealer will give you a lower lowball than the lowballers on Craigslist.

Mr. Bills

5th May 2019, 12:24

Carmax or a dealer will give you a lower lowball than the lowballers on Craigslist.

Yes they will, but Carmax or a dealer with hand you cash that you can see, hold, and spend. All you get from Craigslist lowballers are words.

A very good friend of mine, God rest his soul, was in the used car business. I often heard him politely respond to car owners who were offended at what they perceived as a lowball purchase offer that he completely understood how much the car was worth to them and if he were in their position he would probably feel the same way, but their car was only worth X dollars to him because he had vehicle preparation costs, overhead and employees to pay every Friday, but if they needed cash that day he could solve that problem for them.

Its just business.

75Gremlin

5th May 2019, 13:02

Bottom line, if you want the most for your used car, sell it yourself. Price it right, and you can sell it in a couple of days and still end up with considerably more than a dealer will give you. If you like the convenience of the quick low buck deal, sell to a dealer.

tom4416

7th May 2019, 20:18

There is always a problem with a private sale of a newer car - money. Buyer needs either cash, or good credit with a pre-approved loan, to make it work. Shaky credit and the dealer is probably going to be the only one who can put it together for them, albeit at sky high rates. Although I think people should always pay cash for a car and fit the car to their cash reserves, not to a monthly payment but that's just my way of thinking. Many people shopping for a toy (which is what a Miata is to most), are going to finance it and just find it easier to pay somewhat more at a dealer but not have any hassles with financing, warranties, paperwork, etc..

There has to be a significant economic incentive for people to buy privately and that is usually a price mid way between what a dealer would give on a trade and what a dealer would retail it for. Then there has to be a significant level of patience on the seller's part to deal with the inevitable idiots that emerge with their lowballs offers and their "will you take payments?".

huesmann

8th May 2019, 09:24

the inevitable idiots that emerge with their lowballs offers and their "will you take payments?".
To which the answer should be, "Yes. A single payment, up front." :)

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KBB or Carmax or. .. [Archive] (2024)

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