We Took Our Brand-New 2024 Toyota Tacoma to CARMAX: Here's The INSULTING Offer!
ฝัง
- เผยแพร่เมื่อ 6 ก.พ. 2024
- Thank you to O’Sullivan Law Firm and Scott O’Sullivan for sponsoring TFL’s long-term 2024
Toyota Tacoma reviews and testing. If you’ve been in an accident anywhere in the U.S., call
Scott first at (866) 956-2905, or visit ( osullivan-law-firm.com/tfl )!
( www.alltfl.com/) Check out our new spot to find ALL our content, from news to videos and our podcasts! Even though we just bought our brand-new 2024 Toyota Tacoma, the guys were curious...what would CarMax offer for it? In this video, we take the Tacoma in for an offer, while Andre and Nathan bring along the Chevy Colorado and Hyundai Santa Cruz to see if those offers are on the level, or if they leave much to be desired.
( / tflcar ) Visit our Patreon page to support the TFL team!
Watch more videos from TFL Studios:
The Fast Lane Truck ( / tfltruck )
The Fast Lane Car ( / tflcar )
TFLoffroad ( / tfloffroad )
TFLbike ( / tflbike )
TFLnow ( / tflnow )
TFLclassics ( / tflclassics )
TFLtalk ( / tfltalk )
TFL Podcasts:
TFL Talkin' Cars Podcast ( redcircle.com/shows/tfltalk-c... )
TFL Talkin' Trucks Podcast ( redcircle.com/shows/tfl-talki... )
#truck #sale #offer - ยานยนต์และพาหนะ
Thank you to O’Sullivan Law Firm and Scott O’Sullivan for sponsoring TFL’s long-term 2024
Toyota Tacoma reviews and testing. If you’ve been in an accident anywhere in the U.S., call
Scott first at (866) 956-2905, or visit ( osullivan-law-firm.com/tfl )!
I'll give $39,000 for the Taco
paid 41k plus taxes license and fees? total $41k or more like $43k on the chevy?
Imagine the shock when the people who paid way above MSRP two years ago learn the current trade-in value of their vehicles.
There gonna have to roll in aloooot of negative equity if they want latest vehicle
I wish we had bought our GT350R Heritage 2 years ago with a $15k ADM, because we still bought it used with 1300 miles for about $30k over MSRP, and that was still less expensive than many of those cars are going for on BaT.
Depends on the area. I know used base model Mavericks are $35,000.
350 r is like 70 k not 30
Anyone who pays above MSRP for any vehicle is a fool. As the saying goes, "a fool and his money are soon parted".
I would argue that carmax knows what the new Tacoma *should* be worth. Even if you paid $45k for it, everyone knows that the 4th gens are overpriced. I would say, if Toyota properly priced these new trucks, that roughly $38-39k would be accurate
Exactly. Made in Mexico, paying 2.70 an hour, and then charging astronomical prices for a 4 cylinder truck. Keeping my third gen Taco, thanks.
They also may be wondering why you want to get rid of a very new car. If I were the buyer I would suspect there's something hidden that's wrong with it and you're looking to dump some sort of lemon (albeit it might not be a manufacturer defect since those would be under warranty but just something about it may ride or haul terribly).
That offer is spot on as those tacomas are worth about 36k. People don't like it when they realize how much the dealer overcharged them for profit. Don't pay these crazy inflated prices folks, Let them sit on the lot and they will come down to what they are really worth with a slight profit for dealers of course.
true. Toyota has overpriced their new vehicles in the US.
😂😂😂😂 you're 10k short
Um NO.. the 2024 Tacomas are not "worth about 36k." They are worth what people are willing to pay for them and there are many thousands of people who would be willing to pay well over $40k for that truck.
No one is going to let Tacoma’s sit on the lot. Just went to out local Toyota dealer and they had just two Tacomas on the lot neither with an optimal package. One a SR5 the other a TRD Sport. Neither hybrid.
Yet used Toyota's rule the used market, of wait Toyota sales through the first Quarter just looked up 6 of the top ten selling vehicles and the current average price of a new vehicle being bought is 47K
Never confuse a car dealer for a charitable organization. They need profit. You provide it.
Well, if anyone buys a 2024 and sells it four days later, I’m pretty sure the fool is the buyer😂
LOL...facts.
68 years old. Never bought a car from a stinking car lot. There is plenty of profit for them. Dealerships are just gouging.
Love how the Conditions Assessed on the Tacoma stated “Good Condition” on each item LOL. 4 days old should be Excellent. Dealerships I tell ya.
Good = Excellent. Worked at CarMax and thats how they do it for whatever reason
J@p junk should always be rated TRASH.
Not really. That truck is not in good condition. They towed trailer with speed over 60 miles in hr for MANY miles on first day. Exactly what you should not do with new vehicle. And didn't even change oil after first 1000 miles. They put a lot of stress on that engine.
@@mikehunter09hunter94the oil change after the first 1000 is a complete BS myth.
@@TH-camAP81 Good for you. Change your oil every 10000 miles. I am OK with that.
CarMax is currently riding the struggle bus right now along with all the other used car companies. The market is correcting.
You have to see what CarMax would list these trucks, and a car for.
No, they just want more profit.
The first two offers are ridiculously good and 15% off MSRP for the Tacoma with 1200 miles seems fair. It used to be that the moment you drive a brand new vehicle off the dealer lot, its value drops 15%. Based on these offers, CarMax certainly isn't acting like they are struggling at all.
Carmax will turn right around and list that tacoma for $46k lmao
@@NWI_Steel so true and i think they know this...
And this is EXACTLY why I keep my vehicles as long as I possibly can.
Carmax, like every other dealership, is there to make money. They're counting on you not knowing your vehicle's value. Always sell private if you can.
These offers are about what I would expect. Of course you are correct in that you can get more in a private sale. That’s been the case since the dealership was invented. They will offer you an amount that they believe they can have a good profit margin and then they build in a buffer.
I’ve sold a couple of cars to Carmax. Their offers are definitely lower than private party but better than a lot of other used car lots. They’re quick, easy, the check clears and best of all they don’t call you back a week later asking about a rattle or looking for money back. The aggravation of dealing with the general public on Facebook market place or Craig’s list just isn’t worth it most of the time.
I find that the Kelley Blue Book Instant Cash Offer is always more than CARMAX
Carmax, Like every other dealership, is there to be a business and make money. If they gave you retail on a used truck, and wholesale on a new vehicle, they wouldn't be in business. Its not rocket science...
@@GlennPearsonDIYExactly! And every dollar you lose to them compared to selling private is one more you’ll need to earn.
You guys should do this more often
No one wants a Santa Cruz let’s be real
lol they fly off the lots
Thay fly back to the Dealership for a new motor
My uncle got one and it shit the bed after like 1000 miles, they lemon lawed it
@@Zzus321 the higher trims yes but the se and sel are good reliable engines and gear transmissions actually
They sell pretty well, you would be surprised.
Andre, on a lot of GM vehicles, you can install cruise control simply by installing a steering wheel that has the cruise control buttons on it. Check to see if that’s possible with your Colorado before trading it in. It’d also make a great video topic if it works.
He said in another video that he was looking for a ZR2 steering wheel.
Am I the only person who never uses cruise control? I like to actually drive my vehicle lol
@@Usicky12ever take roadtrips that keep you on the road for 5-10+ hours a day?
@@Usicky12 Yes, yes you are. But hey, to each their own. As the saying goes "You do you"😉
Isn't the BCM programming different?
Covid crazy pricing is over. I bought a 2021 Toyota Sienna XLE FWD for out the door less than the MSRP of $42,000. Carvanna bought a year later for $49,500. They were selling them for $53,000. Mine was a year old with 8,000 miles on it. I didn't want to sell but knew I'd never get that kind of money for it later.
They saw your video and know about the trailer tow during the break in period.
Not getting 500,000 on the 4 banger now, i wonder what the new lifespan of this set up will be?
Depreciation is killer, as soon as you drive off the lot, you lose right away between 15-20 percent off the value. That’s why anyone who pays over MSRP for any vehicle is crazy!
You shouldn't pay MSRP for any vehicle ever Ford Chevy and RAM will discount their trucks 10 to 12%
That’s is why you have to keep your cars!! Get your moneys worth. Keep it for 10+ years. Maintain it! People trading their cars after three years or even worse after paying it off are losing so much $$!!
Don’t forget to calculate about $3500 taxes and registration. Govt takes a bite. TFL should have a dealer license, probably does
This is silly. You buy at retail, and you are selling at wholesale. What did you expect?
I bought a 2021 Toyota RAV4 hybrid for 38k, sold it a year later for 36k after putting 14k miles on it. Sometimes CarMax can give you a pretty good deal.
Right. Should I be disappointed that CarMax didn't give me my purchase price after thousands of miles and a year or so of usage. I don't believe they expected anything less. Silly video.
CarMax probably thinks the Tacomas are all over priced by about $5k on average. They are probably playing it conservative to see how they move new off the Toyota lots in the coming months
They are not overpriced at all
Of course they are overpriced. 😃 Everything is overpriced why would Tacomas not be? Objectively they are also overpriced compared to other midsized trucks. Other channels went through detailed examples.
There's no sales data on the 2024s. So they probably used auction data from the outgoing body style which was cheaper
I think that turbo 4 is gonna raise the value of the v6 trucks.
In Arkansas if you sell your vehicle within 60 days of purchase date, then Arkansas will refund you the sales tax.
Great format!!! You should do more videos like this.
2:39 Nate: "it also means you should get rid of it as soon as humanly possible"
I don't think Nate was joking... 😎🤣
He wasn’t joking at all. I give it about 80% chance that when they finish the comparison videos of Tacoma vs Colorado, the Colorado will be sold.
@@is6566 It is a great opportunity to compare the two.
Andre, like TFL, like to make big vehicle purchases at the end of the year for the tax write off; unless he already ordered it, he won’t be getting another until the end of this year (or beginning of next if he orders in 2024 but it isn’t built until 2025).
My current prediction is Andre orders a Hurricane Ram to test out in 2025.
And yet Nate actually bought a Pos Santacruz, then complains about Andre’s truck..🙄
The good thing about Camax is that you can go into the store and have no pressure to find out what you your car is really worth. You can use this number with dealers as a baseline for your trade. Carmax is in the business to make money. They are going to take these offers and add 4-5k to them and try to sell the car. Carmax does back the cars they sell. Nice video.
4-$5000 markup is way too much let them keep they’re vehicles
Andre, your truck is beautiful!
Car max offers were very good imo. Vehicle depreciation has always occurred at or above these levels, the last 3 years being the exception. Hyundai specifically tends to loose more value than other brands except for certain popular models.
Honestly, nothing here surprises me. They are in business to make money. My only experience with a place like this is Carvana and I was surprised at how much I was offered. But that was 2 years ago. In the end, I decided to keep the car. But I thought it was a good deal. I will likely use Carmax, Carvana or something soon to sell my car just to avoid having to meet numerous people who would come to look at it. Don't need the hassle.
Agree about the hassle. Who needs the new owner coming back 2 month later because something stopped working and he accuses you for hiding it at sale earlier or just simply asking questions.
Also, I found that asking quotes from multiple online sites help. Sold a 13-year old 100,000-mile car last year and the difference between worst offer vs best offer was $4k. Worst online offer was $12k best was $16k and trade in dealer offer was $6k.
KBB is not used in the dealership, Black Book is for wholesalers, and NADA is used by the banks.
Andrey should have gotten a full sized pickup given his height / size and having a family and a suburban home with a driveway - room to park it). Or he should have kept the F150 - that was a good truck!
Yeah, I agree he should have kept the powerboost f150
Not defending Carmax here, but there's more to the value than just the offer - with an offer of $38k, they'll probably try and retail it for $40990, maybe $39990. Sounds like a deal compared to new, right? Well, consider that interest rates on used vehicles are higher than on new, so there has to be a big enough price difference to offset the higher rates when it comes to payments, and also make it worthwhile to just not go ahead and buy new.
Carmax will turn around and list it for $46k
Carmax is not gonna list it for $41,000!
The colorado was pretty good in my option I bet a chevy dealer would give you more on a trade. The tacoma should have been in the 40s for sure, that number was unrealistic.
True on the tacoma. Wasted there time so they just did a whatever
do you buy cars for cash? then you dont know shit.. just saying
Andre so far which do you like better your Colorado or the new Toyota? For what you get vs costs.
Car max offered us high kbb on our BMW x3. But that was a year ago. I think prices are going down dome.
You guys act like you're surprised by the value of your vehicles. Yeah I think it's always been that way soon as it comes off a lot before going to value shoots down
Yeah, until you want to buy it back from the carmax types.
As soon as the front wheels hit street the value drops.
Thank you for knowing that. See my comment which goes thru the numbers. I did not read the comments before making mine. Is like to see if you agree since you seem to understand what the car market was pre 2020 and these guys don't.
I've always heard a car loses 20-30% of its value the moment you drive it off the lot. The last few years have been crazy what with all the supply chain issues and markups causing an artificial bubble of car prices. You could be a new 4Runner TRD Pro or Wrangler Rubicon, drive it for 6 months, then turn around and sell it back to the dealership for more than you paid for it. The car market is now finally going back to what it was pre-covid, so this doesn't surprise me.
@@backwoodstherapyit's more like 10%
I traded my 19 Colorado zr2 with 18,000 miles in 2021 for $38,000. They gave me about $8000 over pay off. The crazy flips during covid should be over.
"Payoff" is meaningless
My car has had zero payoff since I bought it, so you would just take anything for it?
Usually you expect 20% -30% the day you drive it of the lot.
These are very good offers, the trucks are no longer new, but used.
CarMax is a for profit organization, they cannot charge the same for used and a dealer for new.
Not sure why KBB on Colorado would show 41+ because that is something you can get it new + a plethora of options would go for 41 and some change. And 2 year old Santa Cruz pickups go for around 28k+ around me
Don’t sale you Turck Andre. You look so excited and proud of that truck. Love watching all the videos where this truck pops in.
It does everything he needs. Looks better, more power. But but but, resale value. I guess if you buy to resell instead of use. For usage, keep it.
What I have seen in my time flipping vehicles is that the dealers no longer use KBB or NADA, they have been using the Black book auction price guide. This way they are able to increase their profit margins while not being at risk of losing any money should a vehicle not sell on their lot and has to go to the auction. It's just another way that dealers are gouging the consumer and putting even more financial loss on top of the vehicle...
Then don't buy vehicles from them. Crazy suggestion I know.
These guys are the perfect mark for a dealership and represent the average dip buying and selling in this market. The latest, greatest sign me up!
QUESTION: What part was broken when they took the Tacoma up that snowy hill and ended up with only a 2 wheel drive? Thanks
I've used that car wash on Arapahoe near the golf course.
Andres truck is def the best looking
Thanks for that valuable video information. I have never used them to buy or trade, but have often been told that's the best values for trades. I assumed that wouldn't be accurate because they are a business like everyone else. Clearly, from your results, they seem to be better than a lot of dealerships, but nothing stupendous.
The same Ram 2500 i bought in 2022 is now $10,000 higher than my purchase price. For the same exact truck.
Looks like CarMax is now making offers that reflect the real used car market, which is deflating big time. The days of flipping your car for profit are over, and that obviously includes Toyotas. I would expect that new car prices will follow suit, sooner or later.
I worked at carmax from 2020-2022, one time we had a 2022 Mitsubishi outlander with 36 actual miles on it. Remember carmax only sells used cars. So somebody bought that car and drove it straight to carmax.
Also we would way over value tacomas they will absolutely sell it for $50k+
When it comes to VERY lightly used cars and even others, always try a dealer for the same brand.
I recently sold an older model vehicle - not as a trade in, but a pure "pay me cash for my car" sale - to a dealer for the brand for $3000 over what CarMax had offered.
No, Carmax like other dealers buys and sells at auctions so they probably got the Outlander from a dealer that wasn't able to move it fast enough, and it was something the Carmax buyer got at a price that worked for them.
@@davidmccarthy6061 I looked it up in the system it was a trade in from another store then shipped to ours. Carmax has their own transport trucks and mince was a smaller dealer so all of our cars came from other Carmax’s.
I refuse to be the sucker who buys new.
Your only a sucker if you go to one dealer and do not bring a friend.
Love it! I always compare vehicles on KBB, only 5 year old models of the same new ones I'm looking to buy. Always try to loose the least $. It's paid off over the years in cumulative equity. I don't buy what I like, I buy what the next guy wants!
Andre is so selling that Chevy. In search of cruise control...
what i dont get is how does it not have cruise
@@maxapollo1 I think Andre failed to add one of the packages that is required to get cruise because it isn't standard. Documentation was probably limited when he ordered. Seems like the dealer would have known.
GM has cruise control as optional on most of their work trims for fleet buyers.
He said its too small for him and his family to travel in. I'm not overly sympathetic when I was a kid I had to sit in the back of a late 70's two door grand prix.
Paid over $40k with no cruise control. Nuts!
I had similar results at that same dealership about 10 years ago, i ended up with a private sale for about 4K more. That being said the folks at car-max are very professional and nice. I do like to go to that dealership on a frequent basis to research a car i might be interested in, or just see whats new. It's nice to stroll around car-max on a Sunday, sit in cars, and see whats new in the automotive world. I cant say i'd buy a car from car-max though, the pricing is just too high, but i understand the go-to-business model.
Nice doesn't put money in your pocket.
No dealer will offer you more than Carmax offers, so what's the issue?
Private sales are great, but these days between fake cashier's checks and "buyers" who will outright steal the car from you, it's worth a few thousand dollars for me just to not have to deal with the hassle and to walk away from the sale alive.
@@VideoArchiveGuy I would hesitate to sell a relatively new vehicle to an individual I never met before. Too much risk of it ending up being a fraudulent transaction. An older vehicle that isn't worth much, I would be more open to an individual sale, as there wouldn't be that much to lose. Honestly, I can't envision myself buying a new vehicle, then turning around and selling shortly after. I think the newest vehicle I ever got rid of was after about 7 years of ownership.,
This trio of presenters love love love
Where I live there's over 8% to 10% ales tax. On a 40,000 plus vehicle that's a considerable amount, plus other lost fees. Add that to the trade in loss and now it's closer to 10 grand. Some states give you a credit for taxes paid if trading but if you sell it outright the money is gone and the new owner pays yet again more taxes. Registration could also be based on sales amount and you won't get that returned either. Ouch!
that's probably the most clean that Hyundai's been in at least 3 months
Still a pile of junk
@@user-tg8do2kr4v HERE IS YOUR TOYOTA RELIABILITY AND REPUTATION.
TOYOTA admitted that data on the power output of 10 models sold worldwide had been manipulated, prompting an apology from Toyota President Koji Sato to the company’s customers.
Toyota Motor Corp. said on Monday that power output data had been manipulated for 10 of its models sold globally.
Toyota Industries said Monday it fabricated data on the torque output of diesel engines it makes and supplies to Toyota, resulting in a partial halt of shipments of its cars.
An independent investigation has expanded to uncover "irregularities" in data for safety tests on 64 models, including 22 sold under the Toyota brand. It means Daihatsu, which first fessed up to rigged data in April and again in May, joins the massed ranks of shamed Japanese automakers discovered to have been concocting test data.
Daihatsu (TOYOTA OWNED) stopped all shipments at home and abroad last month due to safety test rigging. Hino motors (TOYOTA OWNED) admitted in March 2022 to submitting fraudulent emissions and fuel economy da
the market is changeling g slowly but steady
You have to include the sales tax trade in savings on top of the Carmax offer. That 36k becomes near 40k in value and you only paid 41k, though you didn’t say if that was out the door and included sales tax.
I didn’t know that they made trucks without cruise control in the 21st century! 😂 Is there anybody out there that would buy a truck without cruise control? I wouldn’t!😂
Andre? 😅
U-Haul has GM trucks that have CC delete!
I sold my 3-year-old 2018 Hyundai Elantra with 25k miles to Carmax for $19,400. I bought it new for $19,454 out the door. I definitely sold it at the right time.
I had a 2016 GMC Terrain (SLE, AWD, 4 cylinder, 110k miles) that I traded in at a dealership in December 2021 for $10k. A year later I was still getting emails from Carfax saying "your GMC Terrain is now worth..." and last I saw it was worth like $2500 lmao.
The fact you even bought one is comical
@@user-tg8do2kr4v sounds like you're mad it had no depreciation. Lol
Right, but the problem is if you don’t already have a second vehicle now u need to pay more for a new one. Just how the market works.
@@Usicky12 true. Luckily I had a 2nd vehicle I kept and still drive.
Were the purchase price out the door or before taxes/fees?
Andre, I love your Colorado, but you should trade it in on an F250 XL Off Road
You guys are great.
Andre, when it comes to looks, your Colorado kicks the Tacoma’s booty.
You would think that they would offer more considering what time of the year it is and all these vehicles were either 4x4 or Awd . I could see them low balling you in the spring or summer.
WHolesale pricing, they are not paying retail
All those final numbers seem about right. They have to resell a vehicle and I'm sure they're not a charity so they want to make some money too. The minute you drive a new vehicle off the lot it's not new anymore. It's pretty much been that way forever. The trick is to find the right buyer at the price you want.
You have to look at the whole picture when trading. If the dealer is giving you $40000.00 on a trade, they have to make a profit when they sell it and offer a warranty. If the new vehicle you are buying from them is $50000.00, and you get $40000.00 on trade, you only pay sales tax on the difference. That could save you an extra $3000.00 or so in sales tax.
Not in the great state of California. There you pay taxes on full vehicle price before trade in is deducted. I didn’t believe it when first heard. Then I looked it up. Yes it’s true.
Yes doesn’t work that way in CA
@@brohammer Not that anything is ever different in California.😅
I hate when you go to a dealership and they say what website did you use to reference your cars value and no matter what you tell them they always say “oh no no we NEVER use that site”. The hell you don’t lol .
Because they don't. They use Mannheim auction sales data
Why does it even matter, you can take their offer or walk, they really couldn't care any less.
I LIKE THE V6 TOCOMAS WITH.AUTOMATIC TRANSMISSION 4X4'S SR5'S THEY'RE THE BEST
Its like facebook market place. You can list a car at a fair price. In the first hour you get the same 20 people all send you offers for half price.
How is "NO cruise control " even an option these days?
That's what I thought! I didn't even know they made them that way for the USA market.
For people who don't need it? I guess if you're really bothered by simple things, you could be puzzled.
@@laser31415 U-Haul GM rentals don't always have CC. I rented a current model GMC 10 footer about 5yrs ago, I looked everywhere in the dash area and could not find a CC control! Seemed weird, but since I used it for short trips it didn't matter!
They know that Tacoma is not going to sell well because of the turbo 4 being brand new and its a hard sell for that price for a popcorn Tacoma. Now they can really call it a TRD.
They will sell like hot cakes.
I bet they're extremely reliable and sell extremely well. That has been the case for what.. 35 years or so?
To lose 10-15% is totally expected, especially after 9-18 months. Then they have to make profit. Tacoma aside, I think Carmax did fine.
Is that retail or wholesale pricing.
something folks don't think about. when you trade in a vehicle you get a credit on your purchase price sales tax because you can't "double tax" your money like that. If you sell a vehicle privately, and then go buy anohter at a dealer, you pay full sales tax again. I've only had one vehicle sale in my life where I made more money selling private first. Otherwise it has been more cost beneficial to just trade them in each time.
Of course that’s not how is in California. 😃 California's vehicle taxes apply to the vehicle's full price before trade-in credits or rebates are applied. So, seemingly in Commiefornia they can double tax without the slightest hesitation. 😍
@@is6566 California is notorious for double taxation.
Andre it'll be in the best interest to sell the colorado since the 2.7 is junk... buy a truck with a v6
No more small trucks with a V6.
How was their restroom?
You can tell that Andre is less than impressed with the Colorado and is looking to dump that thing quick.
He's had issues with it already.
I don't think that's the case. I think he just wants another colorado with Cruise control And with more features
@@dannysiordia4176 NAHHHHH, he is done with that pile!
He should have kept his F - 150 power boost.
It's nobody's first choice
“Let’s burn up the day getting quotes on our cars!” U guys have the best job… bastards 😊
It's not an insult. They need to buy low and sell high, like anyone else... so yeah, like anyone buying a vehicle, they want it for as cheap as possible
For decades, no one I know has ever received what KBB says is "trade-in value" as an actual offer for their vehicle.
These guys know the only true guide is present auction values.
Andrey, you should leave the Colorado with CarMax before the next over the air upgrade installs itself. Who knows what happens? That $36k might look like generous offer. At least you were careful and didn’t do a reckless brushless car wash. 😃 Dented roofs reduce used car values.
My dad just got a 2024 Maverick for 25,550 and I did the same thing, Carmax offered me 27,900 for it with 200 miles on it.
Next time order 2
Big deal. You paid $25,550 for it, but that's not counting any dealer doc or admin fees, local tax, title and registration. So if you take their offer of $27,900, you're just breaking even or possibly losing some money. Here in Utah, sales tax is 7.25%. So a car that costs $25,550 is $27,402 with tax, PLUS the hundreds that dealers charge for doc or admin fees, plus DMV fees. So how are you going to make any money selling it for $27,900?
@@242HP Not suggesting it as a way to make money. Just interesting it hasnt lost value.
@@kayakkevin Proves you got a good deal as carmax will sell it for 35k min
Bought a 2017 E300 in Feb 2020 from Carmax for $23,998. Sold it back to Carmax 3 yrs later in March 2023 for $24,600.
Now granted 23,998 in 2020 was worth more than 24,600 today due to inflation alone, I still feel like I got a great deal out of it.
My view is pricing on anything is pretty much arbitrary. Sellers and buyers effectively set the prices on things. I'm really flexible on what I'm willing to accept as a seller or buyer. I do not like haggling, period. My dad was the opposite, he thoroughly loved bartering. Have sold most of my no longer wanted vehicles to CarMax for low Blue Book. Sold a couple directly to private parties. I and the buyers were content with our mutually agreed upon deals, pretty much no negotiations. I prefer quick and easy.
You can get a line of people that are willing to pay at least $50k for that Tacoma in Colorado today!
when you guys film/discuss these, remember a lot of people are listening but not necessarily watching every second of your video. this was useless without seeing the screen
How much value a new vehicle drops all depends on how in demand and how available they are. If there are a glut sitting on dealer lots it is going to hurt selling one. If they are back ordered it might be worth as much as you paid for it.
Seems to me that the Carmax offers were generous. Remember, they have to make a profit....so trying to compare their offers with "private sale" is not a fair comparison. The bottom line is that new car prices are over-inflated.
Let’s not forget CarMax is in the business to make money and they have overhead cost as well. 😊
All 3 of you guys need to go to the gym instead of the car dealerships.
I don't see a picture of you. You must be a car salesman
You NEED to stop being so shallow. I hope you get well soon.
@@alxtan1 Hit a nerve?
@@BS-vr6gz Yes, people like you definitely get on my nerves.
@@alxtan1 My guess is you're a fatty and don't like it when people comment on the fatties.
I paid 30k for my brand new 2018 F150, financed it for 72mos to get the discount that were offered, and paid it off in two years. I also refinanced it after two payments to get a much lower interest rate.... just financed through Ford to get the huge incentives. I have 32k miles on it and still get offers from the dealer......well not lately but as recent as last year, for about what I paid for it. If you buy new, it makes sense if you are going to keep it for years and years.
Remember, asking prices for private sellers is different than selling price. Just because you see someone asking $45K for a car that's worth $30K wholesale, doesn't mean they'll get $45K. In fact, they may not get any offers at all.
In a surprise to literally nobody on planet earth; the Hyundai loses substantial value quickly
These things will be flooding the market soon, Carmax knows this. Most buyers will easily be able to shave a few grand off a new Taco in a few months.
It took three model years for Tundras to “shave off” a few grands from MSRP.
I doubt that. Tacos are so over hyped, people will pay the high prices.
I'll consider that when my wife wants a new truck...
@@whodey59 perceived reliability…
Don’t feel too bad. I had a 2018 Silverado 3500 duramax that I took to carmax to look at selling to them. I had heard from people that carmax offers the best money for vehicles. Boy was I shocked at the offer that I got. Mind you this was a blacked out slt crew cab long bed fully optioned with the fifth wheel option also. Two Chevrolet dealerships offered me $47,500 for the truck. Carmax came in with an extremely low ball offer of $30,000. Other than the wheels that were on it the truck was stock. The truck had 90,000 miles on it and had been serviced regularly and had all recommended mileage services completed.
Great video 😊
On 2/29/24 I bought a used Tacoma TRD Off Road, premium pkg 6’ bed ($6K miles) and I paid $2K Under book.
Every purchase I make, I look at as an investment. That is why there will be zero chance of me buying a brand knew car. I am a Jorney Mechanic of 35+ years. When I am looking to buy a vehicle, I know what to look for and do carry a diagnostic computer. I bought an5 year old Benz 1 owner and saw the sales receipt.. It was above 80K . It had one minor problem that I knew.. I know for me to fix it was 1/2 hr job + Dealer ECU programming that was $180 dollars... I paid a total, inluding repairs I made just over $4,500.. drove it 3 years and sold for $35K.... I have a 2000 F-150 that I use to plow, haul my 26fy cutty cabin 2x's a week to nearest launce.. No rust, no dents, paint still looks factory new, interior looked brand new.. $1500 .. I can't believe the price for vegicles and people willing to pay.
If I know there is no marging for me to profit in 2 years, I wont buy it.
Cars get you to point a to point B... If I can get a 4wd F150 that does everything I nees and about the same stuff except gadget items why would I pay $20-$30K + ?? I promise you... I only buy vehicles that are very clean. I won't have any Junk cars parked on my property.
If you would have spent the $35K on bitcoin.. you would have doubled your money, and contrary to experts scaring away individuals from buying bitcoin you can put a stopp loss buying Bitcoin to prevent the value dropping lower than what you pay and it is risk free.
Ive seen people claiming good prices received for there cars . i check my 21 sorento hybrid 47k miles and got offered 18500 i paid 33k in 21 sticker was 36k ,didnt think that was a strong offer . the new ones sticker for 40k+ now to get a replacement.
Cars will lose about half their value real quick . Just look at car prices for vehicles two years old . Iv always bought two year old cars bc they drop like 50 percent in price if the cars have a bit of mileage.
I bought a new 2021 Subaru Crosstrek Sport. Drove it a year and put about 3000 miles on it. Carmax gave me $2000 more than I paid for it.
What would you be willing to give for your used Santa Fe today, I'm no car max fan, they will recon it and add a few grand, they have to to stay in biz, lets say they ask 28K would you buy that for 28k with the 18000 miles or buy a new one for 5 grand more with a full warranty and better interest rate Id bet.