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Old 08-31-2017, 01:14 PM   #21
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Originally Posted by dirt_dobber View Post
There is a local Chevy dealer here in Austin that matches the Carmax price and then kicks in an additional $500 - we have done that twice and both times hassle free!!!
Nice, I hope he opens a dealership in NYC. Thats an awesome deal,
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Old 08-31-2017, 01:16 PM   #22
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Originally Posted by omni550 View Post

Also, be very alert if buying a used car in the next year or so...as some unscrupulous people will likely be selling flooded cars on the used market. The flood damage they incurred may not show up on a CarFax report if no insurance claim is made.
+1

Be very suspicious of a really good deal on a used car in the coming months. Let your nose be your guide as it is very difficult to get rid of the smell resulting from a flooded interior. A bunch of these hanging from the rear-view mirror is a dead giveaway...
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Old 08-31-2017, 01:19 PM   #23
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Just heard on the Clark Howard show today that prices of used cars will increase significantly in the next week or so due to Hurricane Harvey...as so many thousands of cars that were recently flooded will require replacement pronto.
over 500,000 cars totalled
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Old 08-31-2017, 01:21 PM   #24
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I wouldn't trust the trade-in offer. Sometimes it's "bundled" in with a higher price on the car you're buying. I prefer to keep the two transactions separate.
....
+1

Carmax sounds like a good option after one gets the best deal on a new car.
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Old 08-31-2017, 01:24 PM   #25
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Have sold 2 cars in recent years. First one to CarMax - as others have said, good offer and no hassle transaction. Second one their offer was way lower than I expected, so I put a sign in the window and sold it within a few days. But the new owner didn't do the title transfer so there were a bunch of hassle factors down the road. Probably won't do a private sale again unless I personally know the buyer.
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Old 08-31-2017, 01:24 PM   #26
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over 500,000 cars totalled
Nice , so our car insurance and flood insurance premiums going up soon.
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Old 08-31-2017, 01:29 PM   #27
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over 500,000 cars totalled
Saw something that said that number was an estimate based on the number of cars registered to individuals. It did not include an additional 300,000 to 500,000 new and used vehicles on the lots of 500 auto dealerships in the area. That brings the number up to close to a million.
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Old 08-31-2017, 01:31 PM   #28
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Just easier to get the car dealer to match the car max price. . . Just make sure you have your deal set first.
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Old 08-31-2017, 02:34 PM   #29
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By the time we sell our cars they are usually worth less then 1 k so I sell them. It is so easy. I post on CL and usually sell the first day. I only take cash. I always ask more then I want so when they make a lower offer I say let's split the difference and they always say yes. Easy.
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Old 08-31-2017, 03:41 PM   #30
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I like Carmax and have used them 3 times to get a quote when selling or trading in a car. On 2 occasions I ended up selling the car to the dealer for a better price but the other time I sold it to Carmax. I have recommended that my son use them in the coming weeks. He lives just north of Houston so I don't know if they will be suspicious of a flooded car. (It wasn't, he stayed high and dry)
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Old 08-31-2017, 03:57 PM   #31
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Another topic that comes up here is: "When to take the keys from mom/dad."

I can say that having the CarMax option for this process can be really helpful.

Dad didn't want to give up the car, even after he hit a wall due to pedal mix-up. We worked with him on his choices, and eventually he agreed.

Wasting no time, we were able to close the deal immediately that day before he waffled back. Please don't think me and my siblings are evil about this. There was no trickery. It just was that Dad would sometimes sleep on stuff, and with the mild dementia, he would get new ideas after a night's sleep or unrest.

By taking care of it right away, all of us didn't have that problem. We felt we got a fair deal especially for the convenience. They even dealt with the titling issues (my deceased mom was also on the title).
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Old 08-31-2017, 04:20 PM   #32
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My last two cars, I went to Carmax and got the written quote. Then once I had the new car fully agreed upon I'd ask the dealer for their trade in offer. They lowballed, I showed them the Carmax quote - they met it and took it off my hands in both cases.

Had they not price matched, it was nice to know I had the carmax option.
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Old 08-31-2017, 05:12 PM   #33
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Originally Posted by athena53 View Post
I wouldn't trust the trade-in offer. Sometimes it's "bundled" in with a higher price on the car you're buying. I prefer to keep the two transactions separate.
I always negotiate the price of the car I'm buying before I get a trade in value. If they ask me I say I plan to sell my old car myself. Then, when I get the price of the car I'm buying negotiated I ask for a trade in value (if I'm interested in trading in).

I also check Carmax and see which is better. We've sold a car privately ourselves but there is definitely more if a hassle factor doing that and concerns about safety (since I would want cash) and so just easier to sell to Carmax (or another dealer) or possibly trade it in.
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Old 08-31-2017, 05:59 PM   #34
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Saw something that said that number was an estimate based on the number of cars registered to individuals. It did not include an additional 300,000 to 500,000 new and used vehicles on the lots of 500 auto dealerships in the area. That brings the number up to close to a million.
Did they say the dealerships were flooded? From what I could see, none of the ones around me flooded... not sure about 45 south or I-10 in either direction....
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Old 08-31-2017, 06:15 PM   #35
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The last car, we just traded it in at the dealer. It was a 2003 Buick Century with 173k miles and the transmission was on the way out so it was only worth the $500 the dealer gave us for it. We were also dealing with the last of the issues shortly before FIL passed so we didn't need to be spending time & hassles on the old car.

The old pickup truck I sold private sale and did fine on that. DW's previous car to the Buick we gave to her nephew & his wife as they were going through a period of poverty and their car had just croaked. It lasted long enough to get them past that.
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Old 08-31-2017, 07:49 PM   #36
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All this great talk about Car max made me inquisitive. So I look them up, figures that are in Connecticut. This is why I never heard of them.
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Old 08-31-2017, 07:53 PM   #37
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All this great talk about Car max made me inquisitive. So I look them up, figures that are in Connecticut. This is why I never heard of them.
They have an interesting story.

CarMax started out of a project from Circuit City (the defunct electronics retailer). I don't know if management saw the future of electronic retailing or what. Maybe it was an accident. Someone saw that they were in the business of selling stuff, and one bit of stuff that could use different thought was used cars.

Just interesting. I don't own the stock and never bought a car there.
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Old 08-31-2017, 08:59 PM   #38
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Regarding what CarMax offers on very used vehicles, when I sold my 1987 Pathfinder with 180k miles (and an acid burn in the cargo compartment carpet) in 1998-ish, they offered me $5k for that car where the best dealer offer was $2.5k. Heck, I bought it used in 1988 for $12.5k, so I felt pretty good about it.

That's been a while and things may have changed. As I noted in my post above, earlier this year they didn't give me as good an offer. I'll try them again when the time comes to sell DW's 2006 CRV, which should be at least several years from now.

No way am I going to futz with selling a car in the classifieds, or however it's done these days. I plan on driving our vehicles many years so the value should be so low that any small % premium won't add up to many $$.

One exception was when I sold my late father's car. My nephew's FIL needed a car, and we immediately agreed to a deal just under KBB value.
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Old 08-31-2017, 09:14 PM   #39
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Done and $ is in the bank!

Blue Collar Guy...After a ridiculously low offer the sales guy was embarrassed about, their final offer was $9,500. CarMax $12,000. KBB avg price on 'good' car trade in was $13,700. We're very happy.

The dealership was not willing to go higher likely because we got such a great deal on the new car price. When we bought our other car 2 year ago, we had to pay MSRP. Dealer would not haggle as car was very much in demand, in fact, they had to source the car from a far away dealer and we did not get our first color choice. What they did, however, give us a good deal on our trade in which had a KBB avg value of $5,000 and we got $4,500.
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Old 09-01-2017, 07:08 AM   #40
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Just easier to get the car dealer to match the car max price. . . Just make sure you have your deal set first.
Really?

Last time I bought a car I got a quote for the old car from Carmax. I asked the deal what their trade in offer was. It was exactly the same as Carmax, so Carmax got the business. I just drove it over there, dipped it off and walked away with a check.

Honestly, I like to keep the negotiation for a car as straight forward as possible. I pay cash - so no loan "deals". I don't trade in - so trade in deals. Just talk to me about how much the car is going to cost me and don't try to hide your costs in various books and crannies.
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