Carmax appraisal
Thread Starter
Burning Brakes
Joined: Aug 2008
Posts: 1,012
Likes: 82
Carmax appraisal
Hey guys,
Been a long time since I posted.
I took the car to carmax today and got an offer for 37000.
I haven't accepted the offer but wanted to get opinions of how bad this is. I have title so its all cold cash that i need to use for other bills and stuff I would like to see disappear. Anyway heres the details
2014 2LT CGM 7M(Non Z). 16300 Miles. Got NPP and Nav. VIN 12669.
I only expected 31 tops so personally i think its good but I know carmax can lowball. I do see on Kerbecks website where they have fresh new ones going for 46k at 1LT level and that the market sucks for these cars right now.
Been a long time since I posted.
I took the car to carmax today and got an offer for 37000.
I haven't accepted the offer but wanted to get opinions of how bad this is. I have title so its all cold cash that i need to use for other bills and stuff I would like to see disappear. Anyway heres the details
2014 2LT CGM 7M(Non Z). 16300 Miles. Got NPP and Nav. VIN 12669.
I only expected 31 tops so personally i think its good but I know carmax can lowball. I do see on Kerbecks website where they have fresh new ones going for 46k at 1LT level and that the market sucks for these cars right now.
Last edited by air86; Dec 2, 2017 at 03:54 PM.
Burning Brakes
Joined: Oct 2014
Posts: 802
Likes: 122
From: Goodyear Arizona
Before I got my C7 I had a 4 year old BMW 3Coupe. After I took it to my dealer for its final free service, at 19k miles BTW, they called and advised they wanted to buy the car. I researched what it supposedly was worth, and came up with $22k. BMW offered me $20k.
I told them $22k, they refused. Took it to CARMAX. As you probably experienced, they didn't want to hear what you wanted for the car, and advised they would determine what they felt it was worth after inspecting and driving it. Lo and behold they offered $22k. Sold it to them and subsequently ordered the C7. I'll go to CARMAX in the future, as I found them to be professional and very fair.
I told them $22k, they refused. Took it to CARMAX. As you probably experienced, they didn't want to hear what you wanted for the car, and advised they would determine what they felt it was worth after inspecting and driving it. Lo and behold they offered $22k. Sold it to them and subsequently ordered the C7. I'll go to CARMAX in the future, as I found them to be professional and very fair.
Le Mans Master
Joined: Sep 2012
Posts: 7,146
Likes: 1,940
From: Hagerstown MD
St. Jude Donor '15-'16,'18
CarMax is a reliable source for the ACV of your car based on what a similar model will bring at auction. Selling it yourself may bring more money BUT you have to find someone with cash. This is the hard part.
Le Mans Master
Joined: Aug 2000
Posts: 6,486
Likes: 1,659
From: Las Vegas NV
2014 2LT for $37k sounds like a good cash-buy right-now offer. Your 2014 C7 (just like mine) is VERY soon to be 5 model years old, and the discounts on brand new C7's are huge. I'd grab that $37k check and run.
Sure, you could try to sell it yourself for a grand or two more, but for my time, $1000-$2000 more for all the headaches of selling it private (ads, phone calls, appointments to show, tire kickers, test drives with strangers, low ballers, THEN the hassle of making sure payment is good) isn't worth it. A "bird in the hand..." and all that.
Last edited by Kent1999; Dec 2, 2017 at 03:44 PM.
Thread Starter
Burning Brakes
Joined: Aug 2008
Posts: 1,012
Likes: 82
The reason for getting rid of it is so that I can get out from under other debts that I have.
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Melting Slicks
Joined: Sep 2013
Posts: 3,119
Likes: 799
From: East Lansing, MI
2014 2LT for $37k sounds like a good cash-buy right-now offer. Your 2014 C7 (just like mine) is VERY soon to be 5 model years old, and the discounts on brand new C7's are huge. I'd grab that $37k check and run.
Sure, you could try to sell it yourself for a grand or two more, but for my time, $1000-$2000 more for all the headaches of selling it private (ads, phone calls, appointments to show, tire kickers, test drives with strangers, low ballers, THEN the hassle of making sure payment is good) isn't worth it. A "bird in the hand..." and all that.
Safety Car
Joined: Sep 2001
Posts: 4,496
Likes: 1,264
From: Jacksonville FL
Go for it. 
In my area (NE FL) Carmax pays more than anybody else. Carmax is moving vehicles around coast to coast all the time and I think they send the cars to the market that's paying the most.
In my area (NE FL) Carmax pays more than anybody else. Carmax is moving vehicles around coast to coast all the time and I think they send the cars to the market that's paying the most.
Instructor
Joined: Nov 2015
Posts: 160
Likes: 52
That's a solid deal. I traded in my 2015 Stingray with 8,000 miles and got about the same price, and that was only a year-old car. You might get $1k more on the private market, but it's not worth the trouble. I tried to sell a car in that range privately once, and it was a huge PITA.
Team Owner
Joined: Feb 2013
Posts: 22,598
Likes: 14,557
That's decent wholesale... maybe a grand or two low for miles that low. These cars are $36 to $41 wholesale and dealers are marking them upn$5-$8k.
I just bought a 2014 2LT Z51 M7 for right around that last week. Has 43k miles though. Been shopping for awhile. Most cars were $45k to $50k for a well optioned Z51.
I just bought a 2014 2LT Z51 M7 for right around that last week. Has 43k miles though. Been shopping for awhile. Most cars were $45k to $50k for a well optioned Z51.
Melting Slicks
Joined: Jun 2005
Posts: 2,733
Likes: 1,058
From: Rock Hill SC (Charlotte NC Area)
2022 C8 of the Year Finalist - Modified
2022 C7 of the Year Finalist - Unmodified
I've been impressed by most CarMax offers I've received. I like to get appraisals from them even when I plan to trade a vehicle, just to kinda get a baseline. I actually sold a Tacoma to them a few years ago at the end of a lease and made out like a bandit. Was planning to just turn it in, but the lease buyout was only $14K and Carmax offered $20K on the spot. Paid off the lease, wrote me a check for the diff.
Came very close to selling them the 370Z Roadster that I ultimately traded for my current Vette. Their offer on it was several thousand more than I expected from Carmax, but the Dealer managed to do even a little better on a trade in for the Vette.
Came very close to selling them the 370Z Roadster that I ultimately traded for my current Vette. Their offer on it was several thousand more than I expected from Carmax, but the Dealer managed to do even a little better on a trade in for the Vette.
Race Director
Joined: Apr 2017
Posts: 13,602
Likes: 12,865
From: Virginia
I always get trade in value from dealer first then go to Carmax, they have always offered more, sometimes significantly more. No hassle and you will generally have a check in hand within 45 minutes of walking in the door.
You may get a little more than $37,000 through private sale but not without investing more time and money in advertising.
You may get a little more than $37,000 through private sale but not without investing more time and money in advertising.
Drifting
Joined: Jan 2007
Posts: 1,711
Likes: 193
From: By The Hook NJ
I lost a 5 yr old C6 with 16000 miles on it to Sandy. Geico gave me $46K
It was a 2LT vert. I was very surprised.
It's not what we think about the price you were offered, but if it works for you.
It was a 2LT vert. I was very surprised.
It's not what we think about the price you were offered, but if it works for you.
Racer
Joined: Dec 2016
Posts: 262
Likes: 84
From: Green Cove Springs, FL
37k is strong for a 14 with 16k. But no, Carmax is not reliable on giving reliable values. Just saw video of guy taking a 2018 Mustang GT with 1300 miles, car is in perfect condition, almost all options, sticker just under 50k...offered him 28k. Seen many other examples of that kind of crazy. 37k is legitimate offer imo.