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Selling a used car can seem like a complicated and time-consuming process. Fortunately, online vehicle marketplaces and large retailers like CarMax make the process easier. CarMax is known for its extensive inventory and straightforward buying process. It also offers a simple way to sell your current vehicle to buyers all over the country.
This guide will walk you through the steps of selling your car to CarMax. We highlight CarMax’s unique features, pros and cons, potential considerations, and answer your frequently asked questions.
What is CarMax?
CarMax is the largest used car retailer in the U.S., with over 240 locations nationwide and inventories that often exceed 50,000 vehicles. What sets CarMax apart from some other online car-buying platforms is its numerous brick-and-mortar stores, offering both online and in-person options for customers.
How to sell a car to CarMax
Selling your car to CarMax is a straightforward process. The steps typically involve:
- Get your offer online or in-store. CarMax provides offers that are valid for 7 days. You can get an instant appraisal for your vehicle online by providing details about its condition, mileage, and history. This offer depends on the accuracy of the information you provide, and CarMax will verify it before finalizing the offer.
- Make an appointment. Once you have an offer you’re satisfied with, you can schedule an appointment at your nearest CarMax location. Be sure to redeem your offer within its 7-day validity period.
- Get paid. At your appointment, CarMax will verify that your car’s condition, use, and history match the information you provided. If everything checks out, you’ll leave with payment in hand. Be aware that offers can be adjusted after verification if there are discrepancies between the information you provided and the vehicle’s actual condition.
What to bring when you sell your car to CarMax
To ensure a smooth transaction, you’ll need to bring:
- Valid state-issued ID for all titleholders
- Valid current vehicle registration
- All keys, key fobs, and remotes for the vehicle
- If you’re still making payments on the car or there’s more than one person on the title, be prepared for specific state requirements and ensure all titleholders can be present at CarMax.
Pros and cons of selling to CarMax
Choosing to sell your car to CarMax offers several advantages, along with a few potential drawbacks:
Pros:
- Instant offer. You can get a valuation for your vehicle in minutes.
- No negotiation needed. The offer you receive is the price you will get (as long as their inspection matches your description).
- You can sell your car without buying one from them.
Cons:
- Offers are non-negotiable. The listed price is the price you will receive (after verification).
- The offer can be adjusted after an in-person verification if the vehicle’s actual condition, use, or history doesn’t match the information provided.
- No estimates for damaged vehicles.
Considerations for selling your car online
When selling your vehicle through any online platform, including those that lead to CarMax, it’s wise to keep these insights in mind:
- Market trends. It’s helpful to be aware of current market trends so you can set a competitive price for your vehicle. Platforms like CarMax make it easy to see the availability and pricing of similar vehicles, giving you a good idea of their value.
- Regulatory changes. Regulatory changes, like taxes and interstate purchase laws, often impact online car sales. While CarMax simplifies the selling process, it’s important to understand the legal landscape to ensure a smooth transaction. Get familiar with local laws and regulations to avoid any roadblocks.
- Environmental impact. Selling your used car to another driver comes with several environmental benefits. This not only decreases manufacturing demands and landfill waste but also lowers your carbon footprint. Using online appraisals can also reduce the need for travel to and from dealerships.
Frequently asked questions about selling to CarMax
Is CarMax legit?
Yes, CarMax is a well-established and reputable nationwide retailer of used cars.
Can you negotiate prices at CarMax when selling?
No, CarMax operates with an upfront, no-haggling pricing policy. The offer they provide is firm and valid for 7 days.
When will I get paid if I sell my car to CarMax?
CarMax pays you on the spot after they verify your offer at their store.
Can you sell a car to CarMax without buying a car from them?
Yes, CarMax will buy your car even if you don’t buy one from them. Their offer remains the same regardless of whether you make a purchase.
What kinds of vehicles can be appraised by CarMax?
Nearly every make is included in their instant appraisal calculator, even luxury brands. However, cars that date back before 1990 cannot be valued using this method and require appraisal through a specialty classic car guide. CarMax also states it will not provide an appraisal for a damaged vehicle.
Not finding the right buyer on CarMax? Some online auto marketplaces cater to certain buyers, so be sure to explore all your options. From rare and antique auction finds to local sellers in your town, these are the 13 best sites to buy and sell used cars.
Arranging transportation after your sale
While CarMax offers convenient pickup and drop-off options, sometimes a sale involves a buyer or location outside their typical service area. This is where professional auto transport comes in.
If you’re selling a car and need to ship it to a remote buyer, Montway can help. We’ve shipped over 1 million vehicles nationwide and earned over 80,000 5-star reviews. Learn more about car shipping costs and how car shipping works. Ready to get started? Click for a free instant quote or speak with a Montway representative at 888-666-8929.
