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#1
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Carmax experiences?
My wife took her 2005 W163 ML500 to Carmax on Monday to see what we could get in quick cash.
They offered about $3K below Kelly BB and Edmunds, and about $5K below NADA. Rather disappointing. We are ready to make a new MB purchase the week after Christmas of an in stock vehicle from the local dealer. Previous purchases from this dealer have been very close to invoice. Will MB dealers typically come closer to KBB or Carmax? Or even lower? I've never done a trade-in before, but for multiple reasons I'm not wanting to hassle with selling this one on my own. |
#2
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I bought my Subaru at Carmax. It wasn't the best deal in the world, but it is a good car. The only way a dealer will give you close to KBB on anything is if they are making lots of profit on whatever they are selling you - try selling them the car without buying anything and see what I mean. Even if they buy a "creampuff", they will still have to put some money into the car to get it ready for sale, and people coming in won't want to pay much more than KBB to buy it.
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1984 300TD |
#3
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I'm currently in the market for a minivan for the family and am looking at Carmax as an option. I'm sure I could do better on my own, but don't really have the time to shop vehicles and take them to mechanics for inspection. Anyone else out there have any experiences with Carmax tha they're willing to share?
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Steven 1989 260E (276K miles) 1995 E320 (50K miles) |
#4
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I'm gonna guess that a MB dealer would have WAY more room to wiggle on taking that car in trade. An outright sale to a dealer will always net you the least IME. That's cash, the dealer's negotiation is only numbers on paper. In other words, when Carmax offers whatever they offer, let's say 8K, that's eight grand in real moolah. When a dealer gives you TEN in trade, it isn't costing them near that much in actual dollars. They can play with taking some off their profit, some off commission, some from here some from there.
Tyler should weigh in here...
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You're a daisy if you do. __________________________________ 84 Euro 240D 4spd. 220.5k sold 04 Honda Element AWD 1985 F150 XLT 4x4, 351W with 270k miles, hay hauler 1997 Suzuki Sidekick 4x4 1993 Toyota 4wd Pickup 226K and counting |
#5
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Then join CLKMAN in his prayer thingy and hope it works since you do understand that if you don't get a mechanic to inspect it or you really know what you are doing, you will be bent over. That is, unless you really get lucky.
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01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
#6
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Yup, that's what I am afraid of. Time to rethink this one. Was just hoping these guys might actually be different.
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Steven 1989 260E (276K miles) 1995 E320 (50K miles) |
#7
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Good job thread digger
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#8
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And then you woke up. They are there to make money. That means buying cheap and selling high. All they need is a chump. Would that be you? If not, get it checked out or DIY.
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01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
#9
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About a year ago now I had a bad experience with my vehicle and amongst others I looked at Carmax. We have a huge store near me. They seemed just like every other sleazy dealer to me. There prices were such that I couldn't see the point. Better to pay the bit extra and get a new car I would think.
- Peter.
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2021 Chevrolet Spark Formerly... 2000 GMC Sonoma 1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021 2002 Kia Rio. Worst crap on four wheels 1981 240D 4spd stick. 389000 miles. 1984 123 200 1979 116 280S 1972 Cadillac Sedan DeVille 1971 108 280S |
#10
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Well in my own defense I am typically a research DIY hound. But this time I am in a time crunch and so have been trying to find a shortcut.
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Steven 1989 260E (276K miles) 1995 E320 (50K miles) |
#11
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Shortcut : longest distance between two points.
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01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
#12
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Personally, I always buy used from individuals, not dealers or curbstoners.
But if I were to support sleaze, I'd rather support a local independent lot than corporatized Wall Street parasites like Carmax. |
#13
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I have never been able to get more than NADA trade in value for a 163. People look at them next to a X5 and think it looks cheaper and older.
After 3 months with a 2005 ML350 Special edition with 80,000 miles, I settled on $10800 for it. I think it was about $5000 under book at the time. Nobody wants them unless they're cheap, especially a gas guzzling V8 with over 100,000 miles. Here is the average auction prices for all 2005 ML500s sold in the last month ATLANTA $7,100 94,605 1 $7,100 $7,100 CALIFORN $7,600 100,609 2 $4,100 $11,100 RIVRSIDE $3,400 125,643 1 $3,400 $3,400 SAN DIEG $8,600 75,475 1 $8,600 $8,600 SF BAY $7,550 112,217 2 $7,400 $7,700 Would you pay retail for your vehicle? Most people, unless its a very desirable model, expect an exceptional deal.
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1985 500SL Euro w/ AMG bits 130k 1984 300SD Turbodiesel 192k 1980 240D Stick China 188k 2001 CLK55 AMG 101k 2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!! |
#14
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Quote:
Wait. You have a social conscience? All the while hoping that the economy goes south and people get tossed from their homes so you can buy it cheap and profit from it? And you have the nerve to criticize Wall Street Parasites? Why? Because you aren't as good in the game as they are? Got Hypocrisy?
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01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
#15
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Depends on who I am buying it from for my case. I look at trade in, private party and dealership value. I had a lady that wanted more than a dealership for a W202. Told me her boyfriend said it was worth that much. Told her that her boyfriend can go write the check. I would pay her a little more than the trade in value since that was all she was going to get. That came pretty close to what private party was going for and a little less.
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01 Ford Excursion Powerstroke 99 E300 Turbodiesel 91 Vette with 383 motor 05 Polaris Sportsman 800 EFI 06 Polaris Sportsman 500 EFI 03 SeaDoo GTX SC Red 03 SeaDoo GTX SC Yellow 04 Tailgator 21 ft Toy Hauler 11 Harley Davidson 883 SuperLow |
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