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Car Max..."We buy your car, even if you don't buy ours"

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Car Max..."We buy your car, even if you don't buy ours"

Old 04-11-2012, 04:12 PM
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Default Car Max..."We buy your car, even if you don't buy ours"

The wife is ready for a new car. The BMW 328i was getting a little small now that the kid is getting bigger. But when we tried to trade the Bimmer in every dealer wanted to give up crap for the car leaving us anywhere from $4K to $6K in the hole.

She is looking at the BMW X3, GMC Arcadia, Jeep Cherokee and Acure MDX. My first choice is of course the Jeep, then the BMW.

But every one of those dealers wanted to give us crap for the 328. Its a 2008 with low miles and a $21.5K payoff. We were getting offers like $14K-$17K from the dealers as a trade in. Not happening.

So I decided to check out the Car Max thing. They gave us $20K on the spot for the car. So I had to pay $1500 to unload the car. Much better than taking a $4-$6K negative equity on a new car.

That tells me I could have sold the car privately and probably got $25K.

So anyway, Car Max seems pretty fair with that "we will buy your car even if you don't buy ours" thing.
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Old 04-11-2012, 05:09 PM
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+1 On CarMax, unloaded my wifes 2001 Saturn L300 with them, 121K miles on it in 2007, gave us 3,500.00 outright, car was paid for.

Casey Jeep had offered us 1500 on trade towards her replacement Jeep Commander...

Blue book private party was 5100 at the time.
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Old 04-11-2012, 05:23 PM
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I tried to deal with them lately. I took an '04 Tundra with 97k and got an offer for $5500.

I had owned the truck for 6 years, no wrecks, nice shiny paint and a perfect interior.

Retail was about $10k. I got two offers for $9.5k from two different Toyota dealers.

Glad it worked out for you...
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Old 04-11-2012, 06:33 PM
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We had a great experiance with CarMax, probably could have got more for a private sale but, convieniance costs $$$$
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Old 04-11-2012, 06:58 PM
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I always try cl first I sold my wifes car and a little truck on two separate occasions in 30 minutes from the phone call to money in hand.
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Old 04-11-2012, 07:41 PM
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yeah, craigslist it first for a good price (low or average book value) you can move most stuff in less than a day. Just sold my 2000 chevy for average book value in less than 24 hours to a dealer that wanted it.
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Old 04-11-2012, 07:55 PM
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I'm surprised - I tried to sell them an SUV 6-7 years back - they had nearly identical ones on the lot for $11-12k, I think they offered me $6k, and I sold it myself in a couple of weeks for $9500.

However my experience has been that it's difficult to sell cars worth over $15k by yourself - sounds like you did good. I think their offers are good for 5 days, I probably would have listed the car in a couple places for $1000 more, firm and cash for 4 days - just to see if you get a surprise taker.
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Old 04-11-2012, 08:08 PM
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They normally never give you what you want. They need to make money too. If you want a quick sale you gotta take less than blue book. If you have time and patience, well than you may get what you want out of it. Say the dealer gives you 20k. The car is worth 25k, they always take it through their service dept to get inspected, and fluids changed. (If its a decent dealership) so they have to put out money for that, and then sit on the car hoping its going to sell.. All dealers are like that.. at the place I work, they always rotate the cars. If they don't sell in 90 days, they go to the auction, because its costing money for them to just sit there for months.
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Old 04-11-2012, 09:59 PM
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How many miles were on the 328i?
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Old 04-11-2012, 10:43 PM
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I've offloaded several cars and bought several cars from CarMax over the years. Always very easy and fair.
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Old 04-11-2012, 11:49 PM
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Remember this, when you go to trade one off, they look at the car then off to the back room. They are getting a firm offer from a wholesaler over the phone. Say the wholesale offer is 15K. They will then come to you with 11k hoping you will bite and all the excuses as to why yours is worth 4k less than wholesale or trade. Most do bite and whammo! 4k extra profit for them. Hang tough in these times and you'll get closer to the deal.
An old dealer once told me he could make more money buying your car than selling you a new one.
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Old 04-12-2012, 05:18 AM
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Originally Posted by Mr. Paul View Post
How many miles were on the 328i?
28K miles and in mint condition. New tires too. Those expensive ass run flats. I think they treated us very fair. I know I probably could have sold the car and broke even or even pocket a few bucks but this was quick and easy.

Meeting the wife at Lauderdale BMW today to lease her a new one. Looks like it will be an X5.
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Old 04-12-2012, 05:46 AM
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wasn't a manual was it? didn't have sport package did it?

been playing with the idea of trading my tundra towards a 20k 328i to use for general driving and picking up an old suburban for towing the boat. amazingly most of the cars i'm seeing are auto trans and lots are the awd model. seems strange for a car that is supposed to be a drivers car.
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Old 04-12-2012, 05:48 AM
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btw 25k is probably about right on the private market. did bmw dealer offer more than other brand dealers?
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Old 04-12-2012, 05:50 AM
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I have a 2005 328i with 80k I drive on most days to the office. Sure beats the dually for mileage.

I was looking to trade / sell the BMW for a Mercedes E350.
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Old 04-12-2012, 05:52 AM
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Carmax saved my ass on the wife's last car. She got in to a parking lot scuff with another car and even though she paid the guy cash to fix it without getting insurance involved the guy must have reported it to his insurance because we got dinged on the f'ing Carfax.

Come trade in time the dealers were offering nothing for trade since the car had an accident reported on Carfax. Went to Carmax and got 60% more than any other dealer was willing to go.

This is the second time I sold them a car without buying from them. Good thing is the written estimate is valid for 7 days so you can still shop around and have a backup plan.
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Old 04-12-2012, 05:56 AM
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Originally Posted by jacksdad View Post
wasn't a manual was it? didn't have sport package did it?

been playing with the idea of trading my tundra towards a 20k 328i to use for general driving and picking up an old suburban for towing the boat. amazingly most of the cars i'm seeing are auto trans and lots are the awd model. seems strange for a car that is supposed to be a drivers car.
Automatic with those steering wheel paddle shifters which we never used. It did have the sport package which included the super nice wide wheels/tires.

Originally Posted by jacksdad View Post
btw 25k is probably about right on the private market. did bmw dealer offer more than other brand dealers?
I agree. That is exactly what I figured Car Max was going to sell it for. I'll check their site in the next week and see if they have it up. The BMW dealer actually offered less.. I guess they have a bunch of used 3 series on the lot.
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Old 04-12-2012, 05:58 AM
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Carmax really focuses on fuel efficient cars during these times. Back in 2008 when gas was horrific the way it is now, I took my Lexus LS430 to get traded and the salesman told me straight that I was not going to like what he had to say. His offer came back 7K under book value and the car was immaculate with no accidents. I sold it a year later for 4K more than Carmax offered me.

He told me " Buddy your car has a V8. If you would have brought me a Prius or a Corolla I would be paying you 1-2K over book value". I think 20k for that 328 is a sweet deal. I would have sold it to them too at that price. Private sales are a pain in the a** now with everyone trying to lowball due to the bad economy.
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Old 04-12-2012, 05:58 AM
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Carmax has always been fair with me.

I just recently bought a new Jetta TDI for $22.5k and have put 16k miles on it. For shits and grins I wanted to see how much in value the car had dropped since driving it off the lot.

Carmax offered me $21k. I was expecting around 18-19k. They even missed the power sunroof on the estimate
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Last edited by jimsea; 04-12-2012 at 06:25 AM.
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Old 04-12-2012, 06:02 AM
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brand NEW tdi for 22k?
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