A CarMax offer can help you gauge your car's worth or serve as a backup if other plans to sell or trade fall through. Selling your vehicle to CarMax, the national used car retailer, can be quick, easy and should get you a fair trade-in price.19 May 2021
Will CarMax buy a car that I still owe on?
You can sell your car to anybody even if you still owe money. CARMAX will contact your bank for the payoff amount and deduct that from whatever they offer you for your car. So, if they offer you $15,000 and the outstanding loan amount is $10,000, you will get $5,000.
Does CarMax give a fair price when buying your car?
A: Our appraisal team takes into consideration a wide range of factors, including market trends, to make sure we give you the fairest price possible. If you need to think about the offer, that's fine. You don't need to sell the car to CarMax right away—offers are valid for seven days.8 Dec 2021
Does CarMax refuse to buy cars?
Carmax will buy any car but they will most likely offer you what auction will start the bidding at which will be very low for older and high mileage cars so if the kelly blue book shows a range for poor condition of 1400 to 2000 then the offer will be 700 ish at the highest.
Can you sell a car if you haven't paid off the loan?
You can sell a financed car with or without paying it off by trading it in with a dealer or selling it to a private buyer. Trading in your car is often easier than selling it to an individual.
How do you sell a car that is not paid off?
Selling a Car that Is Not Paid Off : You must close the loan offered by your lending company by visiting them in person and asking them to give you a lien release document, stating that there are no outstanding payments on your car.7 Mar 2012
Can you sell a car with finance still owing?
Short answer: Yes. You will need to buy it outright to sell it or settle 50% of the outstanding amount to end the agreement. If you intend to personally sell the car to someone else, then the entire finance amount will need to be paid off first.24 Aug 2021
Does CarMax buy their cars back?
Can I sell my car to CarMax without buying a car from CarMax? Yes, and our offer will be the same whether you're buying from us or not.
Does CarMax buy cars that you still owe on?
If you still owe money on the car, CarMax will handle the paperwork. You could also use the value of your car as a payment toward another vehicle on the CarMax lot. Get Nerdy quick tips on how to streamline the car-buying process even before you hit the dealership.19 May 2021
Does CarMax always buy your car?
Trade-in Offers Approximately 35-40% of the 58,000 vehicles Carmax sells retail each month involves a buyer trade-in. That brings in about 22,000 vehicles, but not all them will qualify for resale on their lots due to age, mileage or condition.