Does CarMax buy cars at a fair price?

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.

Do dealerships use Kelley Blue Book?

Most dealers do not use KBB for trade-in (wholesale) values. Instead, many rely on National Auto Research’s Black Book or the Manheim Market Report, neither of which is available to the public.

Is KBB price accurate?

For the most part, Kelley Blue Book (KBB) is one of the most accurate sources when it comes to prices for buying and selling used vehicles. However, it is just one of multiple sources that folks use to help guide them in the car buying or selling process.

Is a CarMax appraisal free?

Free CarMax car and truck appraisals can take the hassle out of selling your vehicle!

What is KBB instant cash offer?

The Kelley Blue Book® Instant Cash Offer is a real offer for a specific amount to purchase a consumer’s car or apply the amount toward another car. The Offer is valid for 7 days and can be immediately redeemed during business hours at any Participating Dealer, pending inspection.

Why is my CarMax offer lower or higher than KBB?

CarMax appraisals consider many of the same factors as Kelley Blue Book’s personalized estimates, but CarMax does not use KBB to determine the value of a vehicle. This is why your CarMax offer may be lower or higher than the KBB value. Both companies consider the following factors in their offers/estimates: Accident and repair history

Is Kelley Blue Book better than CarMax?

Fewer customers reported CarMax offers being higher than KBB estimate, but it is possible — particularly if you own a car that is highly desirable to buyers in your area. Kelley Blue Book is best for research and price comparisons — it does not directly buy cars.

What is the difference between KBB and CarMax appraisals?

Short Answer: CarMax appraisals use the same general criteria as personalized Kelley Blue Book (KBB) estimates. These criteria include the vehicle’s history, current condition, make, model, year, mileage, and desirability in the market.

Can KBB be used to price a pre owned car?

No one uses KBB to price, sell or negotiate the price of a pre owned vehicle, unless they are a customer, especially if they own a Honda or Toyota. Dealers don’t use it at auction, or at their dealerships because it’s only a guide.