Will CarMax waive processing fee? In short, it is a fee the dealer charges you for handling all of the paperwork involved with the sale. Not all CarMax locations charge a dealer fee ; about 50% of the CarMax dealerships we contacted said they do not charge a processing fee or a dealer fee .
Full Answer
What is a processing fee at CarMax?
In short, it is a fee the dealer charges you for handling all of the paperwork involved with the sale. Not all CarMax locations charge a dealer fee; about 50% of the CarMax dealerships we contacted said they do not charge a processing fee or a dealer fee.
How much does it cost to get a free car valuation at CarMax?
CarMax provides a free valuation. However, some CarMax outlets charge a processing fee of between $100 – $400, to cover the processes involved in handling all the sales paperwork. You’ll also need to pay state fees that are related to selling your car, such as:
Does CarMax charge for home delivery?
No, there is no fee for home delivery. If you request a car that must be shipped to your local CarMax prior to your purchase and home delivery, there may be a shipping fee. If shipping fees apply, they are clearly displayed on every car’s detail page and are paid for separately from the vehicle purchase. Where is home delivery available?
How does CarMax appraisal work?
After you submit your online application, CarMax will inspect your car in person to give an accurate appraisal. And the experienced appraisers will evaluate your car based on your car’s: Interior condition (are there any holes, marks, or burns?)
Is CarMax trustworthy?
CarMax is an affordable way to buy quality new cars, but they are known for having prices higher than competitors. Make sure to compare prices at s...
Is selling to CarMax worth it?
CarMax clearly states that they offer under the market value for your vehicle (as they must resell it to make money). However, selling to CarMax is...
Can you negotiate with CarMax?
CarMax offers no-haggle pricing. While this saves you time, it also means there's no room for negotiating. Check out the full review of CarMax here.
Does CarMax have hidden fees?
While CarMax doesn't charge you to buy or sell with them, you will have to pay for shipping. If you buy from one of their physical locations, you m...
Is CarMax better than Carvana?
CarMax and Carvana both offer online car-buying, but the main difference is that CarMax has physical locations so you may be able to test-drive or...
Are CarMax cars certified?
All cars they sell are CarMax Certified, meaning that they are free of flood-damage and salvage history, while passing a 125+ point inspection. Che...
Is CarMax MaxCare worth the money?
CarMax MaxCare offers an additional warranty beyond the free 90-day/4,000 mile warranty. Buying cars online can be intimidating, and the additional...
What is CarMax?
CarMax is a car retailer that sells both used and new cars. They have physical locations as well as an online store that you can browse. When shopp...
Is CarMax Free?
CarMax does not charge any fee to shop for used cars or to sell your car. However, there are still some fees you may have to pay when buying a car...
How Does CarMax Work?
With CarMax, you can browse used and new cars for sale. All cars have set prices for them because the company has a “no-haggle” policy. Because Car...
What is a carmax?
What is CarMax? CarMax is a car retail company that prides itself in providing a stress-free method for you to buy or sell your car. With headquarters in Richmond, VA, and over 27,000 employees, CarMax has been around the block for almost 3 decades and has up to 200 physical locations across the U.S.
What is the best thing about CarMax?
What’s best about CarMax is that they hand you your payment the same day you sell your car to the company. CarMax pays with a bank draft, a type of check that guarantees the payment to be available by the issuing bank. Note that bank draft must be deposited and cannot be cashed out.
How to sell a car to CarMax?
The very first step to sell your car to CarMax is to log on to the CarMax website and click on the “ sell ” option on the home page.
What is the 3rd step in CarMax?
Step 3: Inspection. If CarMax is interested in your car, they will send you a message notifying you to make an appointment and bring in your car for inspection . This step is required so CarMax makes sure your vehicle meets the specifications you’ve provided.
How long does it take to get a quote for a car after a car inspection?
After the inspection, you will immediately receive a quote for your car. You can either accept the offer immediately or take a few days (up to 7 days) to make a decision.
Does CarMax pay upfront?
The “no-haggle” policy allows CarMax to pay you upfront. You can submit your application online, without visiting the dealership. You do not have to deal with the stress of advertising or trying to convince strangers to buy your car. CarMax offers a good price for your used vehicle.
Is selling a car worth it?
Overall, I’d say selling your car to CarMax is worth it, especially if you don’t want to go through the stress of selling your car by yourself. Selling to CarMax is especially convenient because the procedure is quick, meaning you can get a quote from the company right after you’ve submitted an online form.
What does it mean when a car is CarMax certified?
Every car we sell is CarMax Certified, which means no flood or frame damage, and no salvage history. In addition, it means a car has passed our 125+ point inspection and undergone a detailed reconditioning process.
How long is Carmax warranty?
Every car we sell is CarMax Certified and comes with a 30-day money-back guarantee (up to 1500 miles, learn more ), and 90-day/4,000-mile limited warranty (whichever comes first). See store for written details. † CarMax delivery is available within a 60-mile radius of select stores.
What is MaxCare Extended Service?
MaxCare extended service plans are an optional service you can choose to purchase when you purchase your car. These optional plans can be tailored to your monthly budget, and provide coverage of your vehicle’s major systems and hundreds of parts, inside and out, for several years.
What is the premise of negotiation free car dealerships?
The premise of negotiation free car dealerships is in the name; the price is the price, there are no gimmicks, no haggling, no bartering, no headache. A lot of people like buying a car from a one-price car dealer. It doesn’t take a rocket scientist to figure out why.
How to secure a car loan?
One of the simplest ways to secure a loan is through the dealership. When a dealer provides you with financing options you need to understand that the dealer is profiting from this.
Do car dealerships make money?
Yes, it is true, most car dealerships don’t make their money selling cars. Instead, they make most of their profits from fixed operations (parts and service), as well as when they sell finance and insurance products. Specifically, dealers make money when they originate the loan you use to purchase your vehicle.
Is it profitable to buy a car from an auction?
Buying vehicles from the auction entail many other expenses, so generally speaking, it’s more profitable to purchase vehicles directly from consumers. Keep this in mind if you’re purchasing from a CarMax, Carvana, or somewhere similar.
Can you negotiate the price of a car at Carmax?
If you buy a car from CarMax, it is true that you cannot negotiate the price of the actual vehicle, however, where you can negotiate at CarMax (and Carvana, et al) is on the back-end of the deal.
My Experience With CarMax
I had heard about CarMax from a business associate. He told me that his sister had purchased three cars from them and was very happy with the whole process. So as I started out on the trail of looking for my daughter’s first car, we headed for the local CarMax to see what it was like.
Except
There was a car I liked on the lot as well. I knew I was going to be selling my miles challenged truck in the next month or two and looking for something for myself. So I thought I would test their advertisements of them willing to give you a price they would buy your car for.
However
I realized the next day as I was driving in the new car that it was not what I really wanted. It didn’t have some of the bells and whistles that I wanted on a car. Including navigation. Kamal was off, but the supervisor on duty took my call. When I explained that I wanted to return the car, she said “Fine.” I was taken back.
Survival Hints
Go to CarMax.com before you go to the showroom. It is amazing how easy they have made it to navigate their nationwide inventory. Read up on their policies - they are true to their word on all of them.
How long does it take to get a car assigned to a carrier?
I'm a transport broker. They're being conservative. Figure it takes 24-72 hrs to get the vehicle assigned to a carrier, there's 2 full days of drive time, plus whatever stops/loads/unloads they have between picking up your car and delivering it.
Does CarMax buy Edmunds?
Many don’t know but CarMax bought a minority stake in Edmunds in January of 2020 and one thing they offer is appraisals on the website. Now being a former sales consultant, I have seen the offer range quite a bit than what we give you in person, but a lot of times, the Edmunds offer is actually higher than what going in the store will get you and CarMax will actually match it as long as the condition you put in is accurate. Just print a copy out and bring it in
Can you wax a new car to protect it from rust?
A new car’s paint should be protected by warranty if rust occurs. Just ask for wax the next time you go to the car wash. Rustproofing and undercoating: Like the paint, your vehicle's undercarriage will do just fine in almost any inclement weather without paying for this expensive charge.
Do I have to pay sales tax if I buy a car in a state I don't live in
State sales tax: Unless you live in a state where there is no sales tax, you need to pay it. However, if you are buying a car in a state you don't live in, you will pay your home state's sales tax when you register the vehicle. Make sure you remind the dealer you are in town to buy so they charge you the right amount.
Does a car dealership have a good relationship with the DMV?
The dealership probably has a good relationship with your local DMV and will be able to get your title and registration, tags, and plates much more efficiently and quickly than you would be able to do on your own. If you already have plates, make sure the registration fee takes that into account.