Reply to Is CarMax really no haggle? Prices seem pretty steep...

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I tried to sell my car to Car max and they low balled -- really low. I posted it on Craig's list with asking price doubling their offer and it was sold in 1 hour.

Not sure how they make their money - they are not even close to reasonable.[/quote]

I was offered $300 for my 10 year old car in March. It's pretty perfect with no known issues (obviously age and 100k miles, but still). I sold it on Craigslist for 4k. I'm still a little offended by the $300 offer. [/quote]

Carmax is going to send a 10-year old car straight to auction and that transaction is going to cost them some money. Basically, they don't really want cars that they can turn around and sell. In the end, they offer you even less than the auction price, which is about as low as it gets. Sorry.

The "good" thing about the Carmax business model is that they decouple the buying/selling steps. You can take their offer on your used car, or not. You can buy a car from them, or not. The transactions do not affect one another. That sort of transparency is the enemy of the typical car dealer, which employs the "4-square" method. [url]https://youtu.be/HWuSTCj3Y4E[/url][/quote]

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