- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Carmax - any idea on how much they mark up a vehicle after they take it in?
Posted on 6/30/15 at 11:03 am
Posted on 6/30/15 at 11:03 am
I was wondering if it was possible to get a rough guess on what they'd offer on a vehicle by looking at very similar vehicles' selling price on their site
I'm sure it's not a set % or scale, but even a ballpark number would be useful.
I'm sure it's not a set % or scale, but even a ballpark number would be useful.
11
Posted on 6/30/15 at 11:04 am to Croacka
Mark up is $4k on average. Your welcome.
Posted on 6/30/15 at 11:04 am to Croacka
Not sure but it's better than regular ole chapstick
Posted on 6/30/15 at 11:05 am to BabyrayS2k
I would think it's more of a % of value rather than a dollar amount
Posted on 6/30/15 at 11:07 am to Croacka
quote:
I would think it's more of a % of value rather than a dollar amount
probably but they gotta have some hardcost floor per vehicle to at least make X per vehicle.
Posted on 6/30/15 at 11:08 am to Chad504boy
Yeah, I figure it's a sliding scale of some sort
Posted on 6/30/15 at 11:08 am to Chad504boy
Mark up is $4k on average. I worked there for 4 years.
Posted on 6/30/15 at 11:08 am to Croacka
depends. They offered me $17K for a 2011 Toyota Avalon Limited with 59k miles. They were selling that same car for $22.5-$23.5 on their website.
Posted on 6/30/15 at 11:09 am to Croacka
They probably offer less than wholesale and then mark it up back to retail value or clean trade value. Other factors are if you are purchasing too. If you are just looking to sell I" wouldn't expect anything more than wholesale and be happy to get that...
ETA: There you have it from a ex employee. Carmax makes straight cash!!
ETA: There you have it from a ex employee. Carmax makes straight cash!!
This post was edited on 6/30/15 at 11:11 am
Posted on 6/30/15 at 11:11 am to Croacka
They buy at average wholesale minus whatever they estimate needs to be done to the car and sell at retail. They make the buying process easy on you by not negotiating down on their high prices.
This post was edited on 6/30/15 at 11:12 am
Posted on 6/30/15 at 11:12 am to WDE24
They make the buying process easy by over charging you, and not even discussing it.
This post was edited on 6/30/15 at 11:13 am
Posted on 6/30/15 at 11:13 am to WDE24
Well said.
Posted on 6/30/15 at 11:14 am to Croacka
They are publicly-traded. Read their 10-K.
Posted on 6/30/15 at 11:20 am to BabyrayS2k
Since, the $4k average is the difference between what they offer to buy vs what they turn around and sell it for...
Is that to say they offer you that much less than what it's worth through a private party sale, or do they charge their customers $4k more on the back end than what the customer can get for it from a private party seller other than carmax?
I hope that makes sense.
Is that to say they offer you that much less than what it's worth through a private party sale, or do they charge their customers $4k more on the back end than what the customer can get for it from a private party seller other than carmax?
I hope that makes sense.
Posted on 6/30/15 at 11:24 am to BabyrayS2k
Is Carmax a good place to offload a car that is a piece of shite? Basically just want the check and not worry about trading in on a car.
Posted on 6/30/15 at 11:26 am to Croacka
Try a wholesale auto dealer instead. They go out to auctions and find the car/price you specify. The one big advantage over Carmax is that most wholesalers are happy to let you have your own mechanic come to where your selected car is, so they can give it a comprehensive evaluation before you buy.
Posted on 6/30/15 at 11:26 am to meeple
quote:
Is that to say they offer you that much less than what it's worth through a private party sale, or do they charge their customers $4k more on the back end than what the customer can get for it from a private party seller other than carmax?
Trade-in value < Private party sale value < Dealer Retail Value (Carmax)
Trade-in value is on average 4k less than dealer retail value. You could sell your car for more than they offer on the trade in but most likely less than what carmax will sell it for.
Posted on 6/30/15 at 11:28 am to Croacka
Any car lot or car dealership is going to have the maximum mark up percentage on used vehicles along with giving the cheapest trade in value so they can turn around, sell the vehicle and make money off of it.
Posted on 6/30/15 at 11:35 am to YouAre8Up
And what question does that answer
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News