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Tesla Trade in to Carmax Quotes

Discussion in 'Model S' started by Tesla S1, Jul 29, 2015.

  1. Tesla S1

    Tesla S1 Member

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    If this is posted twice, sorry, Mod please remove. I tried to post about 20 minutes ago.
    Seen couple members sell their Teslas to CarMax.
    I got a quote directly from Tesla but much less then I am willing to sell for. I have not tried CarMax yet.

    Any members that got quotes from Tesla?
    IF so, what was the price difference from Tesla trade in VERSUS CarMax?
    If willing, put your $ for trade in to Tesla and the price to CarMax.

    Does it matter if I put new tires on for trade-in or sale to CarMax?

    Thanks
     
  2. hockeythug

    hockeythug Active Member

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    Drive as far and as fast as possible away from CarMax.
     
  3. spentan

    spentan Active Member

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    Carmax don't know what a P85D is, they valued me like a P85.

    I got very good pricing from them for P85s though, not sure how they fare nowadays, I got my great price late last year. (More than what I paid for a Tesla CPO),
     
  4. Tesla S1

    Tesla S1 Member

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    Yikes. why?(HocketyThug) Just trying to get max value so do not have to deal with private sale. If they are willing to offer more than Tesla, that's what I am trying to find out.

    Spentan: Thanks
     
  5. rxlawdude

    rxlawdude Member

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    They offered exactly the same amount as Tesla did (for my trade-in Prius Plug-In), to the penny. Many thousands below what I sold it for privately.
     
  6. b.noing

    b.noing Member

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    Carmax is a ripoff. Over the years I have taken two ICE cars and a Leaf in. Every time they lowballed it by thousands of dollars. In the case of the Leaf, I took it up the street on the same day to the dealer after wasting my time at Carmax and they paid over $2000 more. The dealer!
     
  7. goodbyebmw

    goodbyebmw Member

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    I also brought my Tesla to a local Carmax. The appraiser had told me as soon as they get one, they auction the Tesla to local dealerships locally. The car HAS to be sold in 7 days, because Carmax salesmen/women are not trained to sell them and the mechanics are not trained to work on Teslas. The quote they gave me was quite laughable.

    Itching for a P85 or P85+ now :)
     
  8. Gizmotoy

    Gizmotoy Active Member

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    Seems unusual. So the local dealerships they're selling to have salesmen/women and mechanics trained to work on Teslas? Sounds more like an excuse to provide a low-ball offer than legitimate reasoning.
     
  9. GregTexas

    GregTexas Member

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    Over the years I've sold many cars to Carmax but the last one, Infiniti Q50, another similar company, Texas Direct, beat them by $3K.
     
  10. EvilNuff

    EvilNuff Member

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    Some really strange comments here...every time I have taken a car to CarMax they have offered more than it is worth by online valuation tools. I use them to increase trade in offers on cars regularly.
     
  11. Cyclone

    Cyclone Active Member

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    What I think we are seeing is gross overgeneralizations. Depending on the time of year, the geographic area, and the type/options of the car, CarMax can either be horrible, great, or ok on valuations of a vehicle. When I got my SUV quoted in Miami (October), it was abysmal. When I got the convertible quoted (again October, but a different year), it was for the same price I purchased the car from the dealer. Sadly, this last one I didn't take b/c I was busy and moving to NC. Two weeks later, the same convertible (again, October) in Charlotte got quoted by CarMax up here for 10% less. Later, CarMax gave a great quote on a compact car we had.

    That said, I think it is pretty safe to say that CarMax won't get you as good a valuation as you could get selling private party, but it may still give you a worthwhile valuation compared to your time and hassle of selling the yourself.
     
  12. andrewket

    andrewket 2014 S P85DL, 2016 X P90DL (soon 100)

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    Old data at this point, but carmax offered me $10k less than what I sold my 2013 P85+ to a wholesaler for. I have received fair offers from them in the past. I think the other posts are correct in that they don't know how to sell them so they immediately send it to auction. Therefore, they low ball, and may not be familiar with all the Model S variants.
     
  13. Tesla S1

    Tesla S1 Member

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    Good info. What I am really trying to find out is what was offer from Tesla trade in VERSUS CarMax trade in.
    NEXT. If I get an offer from CarMax, have 7 days. IF I decide to keep Tesla, CAN I TAKE BACK to CARMAX 4 months from now and try to get an OFFER again or will they deny me?
     
  14. 78Lion

    78Lion Member

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    You most certainly can take a car back to CarMax after the 7 days are up. They will just reappraise and maybe give you a different number. I traded in a MB E350 a few years ago and got the same price a month after the initial appraisal.
     
  15. eye.surgeon

    eye.surgeon Member

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    #15 eye.surgeon, Jul 30, 2015
    Last edited: Jul 30, 2015
    I have no problem with CarMax. Of course you could make more selling it on your own but it's a decent option for people looking to avoid the hassle. Sometimes the offer is too low, sometimes it's pretty competitive. I've had local dealers give me a trade in offer on ICE cars and then tell me to take it to CarMax because they can pay me more...
     
  16. mikeg561

    mikeg561 Member

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    When I got my 85D (yea!) I was getting rid of a Lexus LS460. Edmunds online tools said the car was worth about 29k - 30k for private party. Tesla offered me 25k. CarMax offered me 25k. Beepi.com offered me 27k.
    If I ever sell a used car again, I will go with Beepi.com. I loved the experience and hate the idea of dealing with strangers to sell my car. I noticed Beepi.com has a few Teslas for sale.
     

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