This recommendation comes from the standpoint of *selling* my car to the Plano location of Carmax. I have sold two cars to this Carmax branch in the last 5 years, and both were stellar experiences. This review is based on my latest transaction which occurred about 2 weeks ago.
I had been looking to sell my wife's 2014 Infiniti QX80 for some time. The car was running well, but it was getting up there in miles. When I felt the purchase of a new car was imminent, I checked the value of my current car on Kelly Blue Book's online site - no VIN numbers or anything identifiable, just an honest description. The site gives you a range a trade in value. Mine was between $17,000 - $20,000.
I then proceeded to Carmax to see if I could hone down the figure even more. Dealerships will send mailers and push TV and radio ads talking about how much they will give you in trade in value, but somehow when you're at the negotiation table they seem to always low ball you. Hence, I wanted to be as prepared as possible.
I went in to Carmax Plano on a Saturday afternoon without an appointment during a pandemic. Probably not the smartest thing to do in hindsight, but I still had a great experience. Appointments are encouraged, but walk-ins are accommodated. The rep who greeted me took my name and year, make, and model of my car and asked me to wait in my car in the parking lot. He also confirms if you are in possession of the car title. He told me the process could take an hour, but honestly within 10 minutes another rep had come out to my car to begin the process.
Because of COVID, they don't test drive cars initially anymore. They do test drive if and when you decide to take the Carmax offer. You stay in the car the whole time. The appraisal started with a younger gentleman taking pictures of the car. This took about 5 minutes. Then, a somewhat older person - probably the main appraiser - comes out to you and asks you a few more details about the car's trim and features. He verifies the VIN and mileage, asks you to turn the vehicle on, work the sunroof, etc. After his inspection, I waited another 10 minutes or so for the verdict. The younger gentleman returned with an offer sheet of $19,000. This was on the upper end of the Kelly Blue Book range, so I was more than pleased. I was done with the whole process well under 40 minutes, and the people at Carmax Plano were very friendly. The offer sheet is good for 7 calendar days. You can sell your car the same day it is appraised or wait the 7 days.
I waited just to see if I would get reasonable trade in offers from dealerships where I would potentially make my new car purchase. The results were not even close. I was offered $15,500 by one dealer who claimed that Carmax was desperate to buy cars. Perhaps, but they seem consistent with Edmund's and Kelly Blue Book valuations. And honestly, most car sales people need their tongues notarized.
If you want the most value for your vehicle and want to avoid losing leverage at a dealership, I highly recommended *selling* at Carmax Plano. read more