Just like any good reseller, carmax makes its money by buying low and selling high. Kelley blue book used car guide paperback october 7, 20. Test drive a used car, get an appraisal, or get help with your search by visiting the. Should you sell your car yourself or accept kelley blue. This is typically significantly lower than blue book trade in values. In addition, the representative told us that carmax vehicles are typically priced lower than their kelley blue book value. The folks at kelley do a lot of research, and they have years of data, so theres really no reason to not trust what they publish. At one time the blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, uh, all over the lot. This pricing data comes from oems, wholesale auctions, dealerships, rental. Although none of the top used car buying guides is perfect, when taken together. Kelley blue book help facilitate transactions between buyers and sellers by offering kelley blue book used car value prices. Bottom line is carmax is going to give you a price they feel good about.
You can, however, get an estimate at carmax they give it to you in writing and. They have a website that is open to the public as well. When i opened the engine it was spotless and i owned the car for two years. Selling your vehicle to carmax, the national used car retailer, can be quick and easy. When youre ready to sell your car, its smart to do a little research. You might say we literally wrote the book on car values. The kelley blue book also gathers its data from a number of different sources. As for the cost they claim it costs for reconditioning, this where they receive more profit. Simply put, the kbb can provide both car buyers and sellers. Kelley blue book tradein rangethe tradein range is kelley blue books estimate of what a consumer can reasonably expect to receive this week based on. How much is an oil and filter change, a wash and wax, and in some cases painless dent repair. Trade in or sell your car with an official offer based on kelley blue book values.
Kelley blue book also primarily utilizes asking price information in their weekly valuation processes. This app will provide you with information to help with researching a vehicle or disposing of the one you have. One would think, then, that listed prices would be high, and one would be. Kelley blue book used car guide, octoberdecember 2010 kelley blue book used car guide. Kelley blue book kbb is the gold standard in setting usedcar valuations.
Everytime ive done this ive been paid more than bluebook. Both companies consider the following factors in their offersestimates. The discrepancy can be attributed to the simple fact that kelley blue book and nada guides use two different methods for calculating a vehicles value. Carmax vs webuyanycar how is we buy any car different. Used car values, price guide and tradein estimator. You cannot, i repeat, you cannot do research on the value of your car. Carmax spends more money and time reconditioning their used vehicles than most any other used car lot. Search for your next used car at, the site you trust the most. When offering a quote and pricing vehicles, carmax. Carmax does not look at kelley blue book, edmunds, or nada. I sold 2 cars there both with really really high mileage, they seemed to give me kelly blue book value rounded to the nearest hundred. We were disappointed by the carmax offer, as the buyer blatantly. The kelley blue book private party value reports on a fair price when selling the car to an individual instead of doing a dealer trade in.
Tell me about selling a car to carmax ars technica openforum. Use the app to save cars and create alerts, scan window stickers on our lot for more details, and even call dibs on a car by holding it for up to 7 days. Kelley blue book kbb is an automotive shopping site. A quick tour of kelley blue books usedcar valuation. Their process is fast, simple and easy to understand. With the increased need to commute and the convenience of cars, this is a necessity. Lots of dealers and banks use nadanational auto dealers association. That said, 3,000 miles is next to nothing, and a new g90. Kelley blue book vs edmunds used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices. Kelley blue book is a very good resource, but it should not be the only one you consult. Get used car values with edmunds car value appraisal tool. Thats why your carmax offer may be lower or higher than kbb.
Search new car inventory at carmax boise 6039 in meridian, id 83642. How carmaxs usedcar prices compare to kelley blue book. We give fair estimates, often thousands more than dealerships, by analyzing data on similar cars and your local market. The retail blue book value, as defined by kelley blue book kbb is their suggested retail value msrp for used cars and is the expected starting price for a used vehicle that has been fully. Get used car pricing and explore thousands of car listings at kelley blue book. We decided to sell our car, so we checked the blue book value, listed for private party sale, and also go a carmax bid. Carmax can evaluate tradeins for free and make you an offer that is good for. Trendy and fuel efficient carmax used cars offering bad credit auto loans buy here pay here with easy payment modes. Unlike edmunds, however, kelley values generally cater more toward the dealer. Carmax appraisals consider many of the same factors as kelley blue book s kbb personalized estimates, but carmax does not use kbb to determine the value of a vehicle. How to use carfax and kelley blue book in buying or. Kelley blue book and edmunds kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. This blue book value price can be used as your guidance for the. The kelley blue book instant cash offer is a quick and easy way for car owners to sell or trade in a car without having to negotiate the price, said juan flores, general manager.
Kelly blue book has always been a trusted resource for car values and prices now you can also trust us for pricing on repairs. Since 1926, kelley blue book has been one of the most trusted names in the auto industry. Use the app to save cars and create alerts, scan window stickers on our lot for more. Kelley blue book used pricing guide kelley blue book used pricing guide by simply filling in a little information year, make, model, mileage, and vehicle condition kelley blue book will.
They inflate car values being sold and deflate, ridiculously mind you, trade values. With our nationwide inventory at nohaggle prices, carmax makes it easy to find your next car. Our values are the results of massive amounts of data. Kelley blue book used car guide, octoberdecember 2010. So many people today are engaging with the car market. Kelley blue book is probably best known for trade in values and private party values for the car you already have. According to kelley blue book, the brands with the best resale value are toyota on the midend and porsche on the luxury side of things. You can expect a few hundred dollars below average trade in value if your car is in good shape. You can find out what your current vehicle is worth, check. Kelley blue book see repair pricing on kelley blue book. Carmax will give you what is known as used car auction price for your vehicle. It is one of many tools used by car dealers to determine car values for their inventory.
Where besides kelley blue book can you determine used car. Kelley blue book reports used car values for a variety of buying and selling transactions. Get a free offer in minutes and find out what you can get for your car today. The blue book value is all well and good, but its not like kelley is going to buy your car for that amount. Carmax sets their own used car values so you cant anticipate an offer by exploring kelley blue book, ebay, craigslist, etc. Since 1926, the organization has monitored usedcar transactions, publishing marketdriven values. Carmax brandywine used cars in brandywine, maryland 206. Carmax employees reveal why the company may not be the best. When youre visiting a dealership, you can walk in confidently with the kelley.
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