BEST PLACE TO SELL YOUR CAR / TRUCK? I FOUND OUT!! (CARMAX, CARVANA, FACEBOOK, DEALERSHIP)

Summary

In this video, Mike explores various options for selling his 2018 Toyota Tundra. He starts by getting his car washed and then visits CarMax, Carvana, and Autonation to get valuations. After receiving offers ranging from $33,500 to $38,000, he discovers that CarMax offers the lowest, while a private sale on Facebook Marketplace provides the highest. Mike shares his experience and the depreciation of his vehicle, ultimately deciding to remove upgrades and try selling the car and parts separately, all while considering the viewers' best options for selling a car.

Takeaways

• 🚗 The video is about Mike's experience selling his 2018 Toyota Tundra by getting it washed and evaluated at various car selling platforms.
• 🧼 Mike emphasizes the importance of cleaning the car before getting it appraised, comparing it to brushing teeth before a dentist visit.
• 🔍 He visits CarMax first, expecting a good offer based on previous experiences and reputation, but is disappointed with the $33,500 offer.
• 📈 Mike then checks out Autonation, where the offer is slightly higher at $36,500, indicating a difference in the evaluation process compared to CarMax.
• 🏆 Carvana offers a similar price to Autonation, including tax savings on a potential trade-in, which is an additional benefit not available with private sales.
• 🤔 Mike expresses uncertainty about Carvana's process, questioning whether a physical inspection or consideration of mechanical issues is required.
• 📉 The script highlights the depreciation of the vehicle, noting that Mike is considering selling it while the resale value is still high.
• 📝 Mike documents the condition of his car, pointing out minor dings and scuffs, and considers whether these affect the valuation.
• 💰 He also explores a private sale through Facebook Marketplace, receiving an offer of $38,000, which is higher than the other offers.
• 🔎 The video concludes with a comparison of the different offers received, with CarMax being the lowest and Facebook Marketplace the highest.
• 🔄 Mike plans to remove the upgrades from his car and return it to factory condition before potentially relisting it for sale.

Q & A

What is the main purpose of the video?

The main purpose of the video is to document the process of getting a Toyota Tundra car washed and then evaluating its trade-in value at various car selling platforms.

Why does the narrator decide to get his car washed before selling it?

The narrator decides to get his car washed before selling it to present it in the best possible condition, similar to the analogy of brushing one's teeth before going to the dentist.

Which platforms does the narrator consider for selling his Toyota Tundra?

The narrator considers Carmax, Carvana, Autonation, and a private sale on Facebook Marketplace for selling his Toyota Tundra.

What is the initial offer from Carmax for the Toyota Tundra?

The initial offer from Carmax for the Toyota Tundra is $33,500.

What is the final offer from Autonation for the Toyota Tundra?

The final offer from Autonation for the Toyota Tundra is $36,500.

What does the narrator find out about Carvana's offer process?

The narrator finds out that Carvana offers a quick and easy online evaluation process, and their offer includes tax savings for a trade-in with the purchase of a new vehicle.

What is the highest offer the narrator receives for his Toyota Tundra?

The highest offer the narrator receives for his Toyota Tundra is $38,000 from a private buyer on Facebook Marketplace.

What is the narrator's strategy for maximizing the resale value of his car?

The narrator's strategy for maximizing the resale value of his car is to get it professionally cleaned, evaluate offers from multiple platforms, and consider selling it privately to avoid sales tax for the buyer.

What was the narrator's initial expectation regarding Carmax's offer?

The narrator initially expected Carmax to offer a fair price, possibly higher than other platforms, but was surprised to find their offer was the lowest.

What does the narrator plan to do with the upgrades and wheels from his Toyota Tundra?

The narrator plans to remove the upgrades and wheels from his Toyota Tundra and sell them separately after returning the car to its factory condition.