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How much you think Carmax will give me?

Discussion in 'Kia Stinger Talk' started by Mnext02, Mar 23, 2020.

  1. Mnext02

    Mnext02 United States Member

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    I’m bored w my Stinger and got 18 mo. Left on lease.

    2019 GT1. 11k miles.

    Best color combo -
    Ceramic Silver, Red interior.

    How much you think Carmax will give me?
    How much you think it’s worth on Private Market?
     
  2. MisterMac

    MisterMac United States Stinger Enthusiast

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    Carmax might give you $30,000 and you might get $32,000 selling it yourself.
     
  3. Mnext02

    Mnext02 United States Member

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    thank you
     
  4. General_Vodka

    General_Vodka United States Active Member

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    Don't know how one gets bored of the stinger. Maybe the 2.0 but not the GT. Anyways CarMax should give you high 30s, depends on where you life and what the demand is. Stinger is pretty popular here in Cali.
     
  5. BlueByYouGT

    BlueByYouGT Active Member

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    This is a AWD with every option selected and in excellent condition. Don't expect to see Carmax paying higher than KBB's suggested range. Also, check NADA values. CarMax's payouts tend to follow the values listed on those two sites.


    Screenshot_20200323-183227~2.png


    Here's private party range.

    Screenshot_20200323-183653~2.png
     
  6. stasek

    stasek United States Member

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    I would suggest getting quotes from places like carvana or vroom. Takes 5 minutes without having to leave the house.
     
    • Agree Agree x 1
  7. eflyguy

    eflyguy 2500 Posts Club!

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    Car values are based on historical sales. History just changed.

    Also, Carmax is generally only going to offer what they can get for a car at auction, with some profit thrown in. They aren't looking to stock their lots.
     
    • Like Like x 1
    • Agree Agree x 1
  8. SafetyPilotCal

    SafetyPilotCal Active Member

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    Depends on the car. For older cars, yes, CarMax will only give you what they can get at auction. For a newer car, they will sell it directly and give you more for it.

    Either way, the market is extremely volatile right now, and it's probably a bad time to sell if you're looking for max selling price.
     
    • Agree Agree x 1
  9. Mnext02

    Mnext02 United States Member

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    if they gave me high 30s I would sell in a second. I’m thinking 30 is more like what they’ll offer.
     
    • Funny Funny x 1
  10. Mnext02

    Mnext02 United States Member

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    volatile? Trump says he’s reopening the economy next week
     
    • Funny Funny x 1
  11. MisterMac

    MisterMac United States Stinger Enthusiast

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    The TOP price attained through Manheim Auctions for a 2019 GT1 was $33,000 on March 2, 2020. NADA Black book value which is driven by the auction data puts it at $29,600. That’s why I suggest you mist get $30,000 from CarMax or another place for trade-in.

    Now, keep in mind that is wholesale value.

    Depending on the new model you are looking at, it may have manufacturer to dealer cash they can use to make it look like you are getting a higher trade value.
     
  12. MisterMac

    MisterMac United States Stinger Enthusiast

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    Sorry, but if you want a real valuation through KBB you MUST chose the instant offer quote. KBB does not clean their data like NADA so it is tainted: That is why as lenders, we don’t use KBB for valuations.
     
    • Agree Agree x 1
  13. Chark

    Chark United States Active Member

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    Interesting. How did you come by these numbers? Are they publicly available, or do you need to be a dealer to access the page?
     
  14. GenesisG70

    GenesisG70 United States 1000 Posts Club!

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    Ohhhh... no! Not another one of these.... :D
     
  15. TwiceStung

    TwiceStung United States Stinger Enthusiast

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    He can’t do that. States make their own decisions and some are just now closing down.
     
    Last edited by a moderator: Mar 25, 2020
  16. eflyguy

    eflyguy 2500 Posts Club!

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    Best offer on mine (immaculate GT2, with 7500 miles) is $34k.

    Lease buyout is $37.5k.


    This is why I lease. Depreciation is getting close to my total payments for three years after only 18 months. In cases where it's valued higher, I buyout and either keep it (two Sorentos so far) or trade against my next vehicle.
     
    Last edited: Mar 25, 2020
    • Agree Agree x 2
  17. MisterMac

    MisterMac United States Stinger Enthusiast

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    They aren’t publicly available. You have to have a login to the Manheim, which I pay for so we can accurately value our collateral when underwriting auto loans.
     
    • Like Like x 1
    • Informative Informative x 1
  18. Kia Stinger

    Kia Stinger United States Administrator Staff Member

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    STOP WITH THE POLITICAL COMMENTS NOW... LAST WARNING.
     
  19. MisterMac

    MisterMac United States Stinger Enthusiast

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    Help me out, I don’t see any political comments in this thread. Maybe something was deleted before I saw it...

    If merely mentioning the name of our POTUS is considered political, that is truly laughable.
     
  20. GenesisG70

    GenesisG70 United States 1000 Posts Club!

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    Did you call him Putos?
     
    • Funny Funny x 1
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