Carmax believes in making car-buying stress-free, claiming it’s “the way car-buying should be. Selling your car can be a hassle, but Carmax eliminates the need for traditional dealerships, Craigslist, or private sellers. They’ve revamped the car sales process to be 100% hassle-free, focusing on consumer satisfaction and providing high appraisal offers through their no-haggle selling process.
In this guide, we’ll walk you through the simple steps of selling your car with Carmax and address some common questions:
- How do I sell my car with Carmax?
Selling your car with Carmax is easy. Follow our step-by-step process to make the experience smooth and stress-free. - What should I expect during my Carmax appointment?
Learn about what to expect when you bring your car to Carmax for evaluation. We’ll guide you through the process, ensuring you’re prepared. - What if I owe more than my Carmax offer or have a lien on my vehicle?
Understand the options available if your car’s appraisal doesn’t cover your outstanding balance or if there’s a lien on your vehicle.
Carmax’s commitment to hassle-free transactions and customer satisfaction has made them a trusted choice for selling your car. Let’s explore how you can make the most of this convenient and straightforward process.
How do I sell my car with Carmax?
Find out your car’s value with Carmax’s online tool!
Discover the worth of your vehicle effortlessly through Carmax’s online autotrader tool. Just enter your license plate number, VIN, state, and zip code to get an offer in minutes. Most cars can be quoted online, but if yours isn’t eligible, visit a Carmax location for an appraisal.
Rest easy knowing your offer is valid for 7 days, and you can get paid the same day. Carmax accepts this offer at any location within the 7-day period. Plus, there’s no obligation to sell – they’ll make an offer regardless of a trade-in. If you opt for a trade-in, Carmax even offers door-to-door pickup!
Trading in? Your new vehicle qualifies for CarMax Car, a seven-day money-back guarantee, and a 90-day or 4,000-mile limited warranty.
Want more info? Use our vehicle valuation tool for a quick estimate of what top vendors pay for your specific vehicle.
Ready for an in-person offer? Schedule a visit at Carmax.com by providing your name, phone number, and email.
Bring to your appointment:
- Title or payoff info
- Valid, up-to-date registration
- Valid photo IDs for all titleholders
- Any keys, key fobs, or remote entry fobs
For a detailed list based on your transaction type, click here.
Wondering about the Carmax appointment process?
Similar to private sales or car retailers, Carmax appraisers inspect and possibly test drive your vehicle to confirm the pricing on your offer.
Decide to sell? Leave with payment in hand – Carmax pays in bank drafts, ensuring you receive the full amount.
What if I owe more than my offer or what if I have a lien on my vehicle?
If the amount you owe on your car is more than what it’s worth, that’s called “negative equity.” If your negative equity is under $250, Carmax can take cash or a cashier’s check for that amount. If it’s over $250, Carmax can include this in your loan when you finance it.
If your car had a lien before, bring the lien release to your appointment. If there’s currently a lien, Carmax will reach out to the lien holder to start the payoff process. When settling the lien, make sure to have:
- Lien holder’s name and contact info
- Lien account number
- Lien holder’s social security number
More Savings
Are you looking for the easiest way to buy a used Toyota or Honda without any hassle? Last year, over 40 million people chose to save money by purchasing pre-owned cars instead of brand-new ones. Alongside exploring options like Carmax, Carvana, Kelley Blue Book (KBB), or Edmunds, there’s another way to save big—by refinancing your car loan.
Enter WithClutch.com, a completely digital platform designed to help new car owners like you reduce their monthly car payments, all from the convenience of home. No need to step into a bank or credit union, especially during the pandemic. You can either lower your interest rate or even get cash back in as little as 20 seconds.
Follow three straightforward steps to refinance your auto loan, get instant approval, and save thousands in just a few minutes. It’s that easy!
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