How You Can Spot and Avoid Car Repair Scams

To your personal information, so be prudent throughout the vehicle sale process and on the lookout for scams. Finally, if all the titleholders can’t be present, you might be able to bring specific paperwork depending on your state that will allow CarMax to buy the car. We recommend calling CarMax ahead of time if this situation applies to you. As we mentioned above, CarMax differs from other car-selling sites because it requires you to visit a physical location to finish the deal. CarMax has 244 locations nationwide, but there are no locations in Montana, North Dakota, South Dakota or Wyoming. If you don’t like the vehicle, you can return it within 30 days with their money back guarantee and either choose a new one or search elsewhere.

Best Car Rankings for 2023

Buyers faced with a car with no logbook may worry that the seller has taken out a ‘logbook loan’. This involves borrowing money using your car as security, handing the logbook over to the lender as security until the loan is repaid. These can be checked against the car to make sure the logbook is for that particular vehicle. Americans spend a lot on their cars — common repairs average between $500 and $600, according to AAA — so those scams can be expensive. Survey respondents with luxury car s who reported scams lost an average of $1,275, while those with less pricey cars lost $764 on average. Repair costs – If the warranty on your current car has expired and you fear the costs of impending repairs, replacing it with a vehicle with warranty coverage makes some sense.

Once you bring your car to a location to be inspected and verify its details, you’ll be able to go home with the cash they promised. Overall, CarMax offers a good experience to buy a car and decent pricing compared to other major competitors. Their buying experience earned the company a top spot in our review, due to their platform’s user-friendliness and a large vehicle inventory for consumers to choose from. Their customer experience is also good, with many support systems in place.

Is CarMax a Good Place To Sell a Car?

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Can you sell a car without a title?

Our team received CarMax offers of $12,000 for a 2016 Chevy Equinox and $11,400 for a 2017 Kia Sportage. Below, you can see how these offers compare to each vehicle’s KBB trade value. You can make an appointment by calling the location nearest to you, but an appointment isn’t necessary.

A car’s depreciation rate, especially for the first several years, is the best gauge for keeping your ride or trading it in. At a point, some automobiles might begin to appreciate again, as in our 1969 Camaro example earlier. However, in nearly every case, if you keep a car long enough, it will depreciate to its scrap value. In other words, keep a car long enough, and its only value will be to a junkyard.

If your vehicle is regularly stored in a garage, it can be smart to have it professionally detailed. The alternative is to wash and wax the vehicle yourself.