BEST PLACE TO SELL YOUR CAR / TRUCK? I FOUND OUT!! (CARMAX, CARVANA, FACEBOOK, DEALERSHIP)
Summary
TLDRIn 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
- π The video is about Mike's experience selling his 2018 Toyota Tundra by getting it washed and evaluated at various car selling platforms.
- π§Ό Mike emphasizes the importance of cleaning the car before getting it appraised, comparing it to brushing teeth before a dentist visit.
- π He visits CarMax first, expecting a good offer based on previous experiences and reputation, but is disappointed with the $33,500 offer.
- π Mike then checks out Autonation, where the offer is slightly higher at $36,500, indicating a difference in the evaluation process compared to CarMax.
- π 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.
- π€ Mike expresses uncertainty about Carvana's process, questioning whether a physical inspection or consideration of mechanical issues is required.
- π The script highlights the depreciation of the vehicle, noting that Mike is considering selling it while the resale value is still high.
- π Mike documents the condition of his car, pointing out minor dings and scuffs, and considers whether these affect the valuation.
- π° He also explores a private sale through Facebook Marketplace, receiving an offer of $38,000, which is higher than the other offers.
- π The video concludes with a comparison of the different offers received, with CarMax being the lowest and Facebook Marketplace the highest.
- π 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.
Outlines
π Car Wash and Valuation at Carmax
In this segment, the narrator shares his experience of getting his Toyota Tundra car washed before taking it to Carmax for a valuation. He compares the process to preparing for a dentist visit by brushing one's teeth. The narrator wants to sell his car while its resale value is high and has already checked offers from Carvana. He details the car's condition, mentioning minor dings and scuffs, and expresses his hope that Carmax will offer a fair price, ideally around $36,000 to $37,000. However, he is disappointed to find out that Carmax only offers $33,500, which prompts him to consider other options like Autonation.
π Exploring Offers from BMW and Carvana
The narrator proceeds to get his car evaluated at BMW, which is part of the Autonation group, after receiving an email offer. He discusses the depreciation of his car and calculates the potential loss in value over the three years he has owned it. The BMW offer comes in at $36,500, which is slightly lower than the initial online offer of $37,500. The narrator decides to prepare his car for sale by removing personal items and aftermarket additions. He also explores the option of selling through Carvana, which offers a similar price to Autonation, but includes tax savings for trading in the vehicle towards a new purchase.
π Comparing Offers and Deciding on the Best Option
In the final part, the narrator summarizes the offers he received from various sources. He reveals that Carmax offered the lowest amount at $33,500, followed by Car Buyer USA at $36,425, Carvana at $36,500, and Autonation at $36,500. The highest offer came from a private sale on Facebook Marketplace, where a buyer offered $38,000. The narrator highlights the benefits and drawbacks of each selling method, including the convenience of dealership offers versus the potential for higher profit in a private sale. He concludes by stating his intention to remove upgrades from his car and possibly sell them separately before re-evaluating his options for selling the vehicle.
Mindmap
Keywords
π‘Car Wash
π‘CarMax
π‘Carvana
π‘Toyota Tundra
π‘Resale Value
π‘Depreciation
π‘AutoNation
π‘VIN (Vehicle Identification Number)
π‘Private Sale
π‘Sales Tax
π‘Condition of the Car
Highlights
Mike is getting his Toyota Tundra car washed before taking it to Carmax for valuation.
He compares the car washing process to preparing for a dentist visit, emphasizing the importance of a clean car for valuation.
Mike has already visited Carvana and is now curious about Carmax's offer for his vehicle.
He points out minor damages on the car, such as dings and scuffs, and questions if they affect the valuation.
Mike's expectation for the car's resale value is between $36,000 to $37,000.
Carmax offers $33,500, which is lower than Mike's expectation, leading to disappointment.
Mike considers visiting Autonation as an alternative to Carmax for a potential better offer.
At BMW through Autonation, Mike receives an offer of $36,500, which is closer to his expectation.
Mike discusses the depreciation of his car and the financial implications of selling it now.
He plans to remove personal upgrades from the car to increase its resale value.
Mike explores Carvana's offer, which matches Autonation's at $36,500.
Carvana's offer includes tax savings for trading in the vehicle, which is a unique benefit.
Mike also considers a private sale on Facebook Marketplace, which gets him an offer of $38,000.
He compares the offers from different platforms and services, highlighting the differences in valuation.
Carmax's offer of $33,500 is the lowest among all the options explored by Mike.
Car Buyer USA offers $36,158, which is a quick and easy process but from a lesser-known service.
Mike concludes that selling a car involves exploring various options to get the best deal.
He suggests removing personal upgrades and returning the car to factory settings before reselling.
Mike invites viewers to like and subscribe for more content, ending the video with a summary of his findings.
Transcripts
what's up youtube mike here again i'm in
the car wash
if you guys are wondering i'm getting my
toyota tundra
getting car washed i love this part this
is so cool sorry it's kinda loud i'm
gonna yell
i'm not yelling at you it's just the car
wash but i'm getting my car washed
i'm going to carmax right now it'll get
my car
uh valued at carmax to see what they
would offer me
i already went to carvana and
i saw what they're willing to offer as
well i love this part
so i'm gonna go ahead get my car washed
clean it out a little bit you know i
don't want to bring a dirty car
it's kind of like when you go to the
dentist and you like brush your teeth
really hard to try to pretend that you
already take care of your teeth but you
really don't and your doctor already
sees it
so i'm going to go ahead get this car
washed
send it to carmax and see what they
offer me for my
toyota tundra 2018 and see if it's
ballparked around
or i get more so we'll see what's going
on guys
at carmax right now with my toyota
tundra gonna check this out
i wanna see if you guys can see the
carmax is right over there
we are gonna take the uh my tundra in to
see
what they would give me there is little
dings and dance i'm gonna show you right
now and we're gonna do a little walk
around with the car
so just to see like hey is this a really
good quality car
this junky car because i did say that it
was in excellent condition so you be the
judge is this an excellent condition
this is the front end
i did hit a little uh something you know
you can barely see it
there's a little little ding ding right
here um i think it was like i don't know
it could be
i don't know some type of uh like those
pillars or something there was like it's
like nothing it just like little creeped
it so
there's that so you guys can check out
the side
uh it might be a little
somebody put their elbow right here
possibly it's a little scuff
from possibly loading race cars i might
have done something
and i do have i do have a little
uh door ding right there so pretty much
the car
is in very very good condition so you
guys can see
so i want to see what they're willing to
give me for it um
see if they're all in the ballpark range
uh regardless
hey i want something newer um it did
what it could for the past three years
i want to sell it while the resale value
is high so if you really divide it if
if i lose not quote-unquote lose but
spent five thousand dollars for 50 000
miles
um i i think it's a win so
if it's ballpark six that's cool but if
it's substantially lower
so if they're saying they'd give me like
30 000 or something i would not take it
at all
but if they're really to give me a
ballpark range around the
36 to 37 000 which i would anticipate
then i would go forth and sell it so
let's see what happens we're at carmax
to see what i can get for my toyota
tundra
all right well this is when reality hits
you it's
truck car max is willing to give me
33.5 okay
so not what i thought was gonna go
according to plan
uh difference from uh autonation
let me see if i can go to autonation and
see
if i can get it confirmed because i did
get it through email
on their website sending it in seeing
what they would give me for it
i don't know if uh you know they have a
better database or whatnot but
let me go kind of disappointed i get it
but let me go and see what they're
willing to get
give me at um
i don't know i don't even know let me
see what they'll give me at autonation
uh because it's a local spot let's see
what they're gonna do
whereas with a carvana i don't know how
it works do they need to inspect my car
is that
like all right we'll go ahead and buy it
i don't know
i don't know how carvana works but
carvana everyone says
go get go with carvana it's tried and
true do you need to see it
if there's a mechanical issue or not so
um
33.5 not too bad i probably wouldn't
take it
okay so that's a little bit too much too
far off but we're gonna go ahead and
go to uh autonation and or carvana which
you know like i said either way i made
money off of it
but more realistic we'll see what
happens all right well that didn't go as
planned
round two i'm at uh bmw they're the one
who offered me
uh some money for my tundra through
autonation
uh they've been emailing me back and
forth let's see if i'm able to get
this car checked out at uh bmw of las
vegas see what they're offering
see how far off it is because if you're
offering me 37.5
and then it drops three four thousand
dollars is it even worth it
so i'm gonna go through the process guys
we're gonna see how
far off i am with this offer i got
excited for this
online this
online offer let's see if it stacks up
so that you don't have to waste your
time
like i just wasted my time let's see
all right guys we got done with bmw um
they are said they're willing to give me
36.5
36 5. um
it's it's curious because they were
offering the the past ones offering 37.5
but a thousand off is not bad that would
mean
that i've paid the value of this car
dropped 5 500
if it was 37.5 this thing would have
dropped 4 500
in three years and 48 000 miles
so that is a crazy amount of
depreciation
like undepreciation like you drive a 4
150 off the lot
you're losing 4 grand off the bat so let
me see
uh what i'm going to do is i'm going to
take off the wheels i'm going to take
off my safe
and the kind of like everything that you
know like it's ready to sell because i
want to sell it
i want to show you guys hey this
everyone say you know this is fake or
whatever so let me see if i can pull it
off and sell it so like i said carvana
asks carvana was around the same price
uh let me see what i can do to match
that thing
and get this thing sold so that i can
get something new
we'll see
all right everyone's been telling me
about carvana i'm going to go ahead and
sign on
carvana and i'm going to see
because they have cool uh
whatchamacallit they have a cool
like youtube ads but go ahead
do that i'm gonna sell
mileage
[Music]
boom okay so 36
5 is basically what carvana would give
me she's pretty funny
um and uh you know they they also
include this
tax sales tax savings um
what it is is when you trade in your
vehicle with the purchase of your new
if your next one it reduces the amount
of uh sales tax you pay
this is accidents but the savings are
real and only available with trade in so
that's kind of funny i mean you do get a
benefit of trading in your car which
helps a lot of dealerships but
um like i said if you were to sell
private um
obviously the person who bought your car
wouldn't receive any uh
tax that's one of the benefits is
when you buy a car privately you'd have
to pay sales tax so
carbona is willing to give me about 36.5
which is aligned with autonation so
that's funny
all right so let's see get offer
i am doing we can't even do uh
there's no even no vin what's going on
boom that was easy so 36
that was that was quick and easy
also if you guys are wondering i did do
something as far as
a private uh private sale on
facebook marketplace uh this one was
cool this guy's trying to offer me 3 800
for it so you guys can see
that this ballpark around this pricing
is what you're going to see
which is all good literally my truck has
been
around the 36 000 to 38 000 range
of the offers i'm getting in so you know
if you average it out
yeah it's going to be around that uh
price range but and in conclusion guys
and to my surprise
carmax was actually the lowest
uh offer that i got of all the um
offers on my truck at 33 500.
um you know carmax is well known to be
a great place i bought a car from carmax
before um and i thought that they would
kind of have that you know they would be
the
fairest when it comes to offers but in
this case it wasn't
second was car buyer usa at 36
158 i've never heard of car buyer usa
but i showed you the process and it was
like very quick
and easy i don't know how legit they are
because i've never heard of them
but that's uh but it was the pricing was
along the line
of carvana and they were third place at
thirty six thousand
four hundred twenty five uh carvanha
i've heard a lot of their ads on youtube
and facebook and google and all that so
it's one of the first things that popped
up when i googled
selling a car and
i heard that they even will pick up your
car for you at your house
and evaluate your car and cut you check
that's pretty cool and then in
fourth place was auto nation autonation
is one of the largest dealerships
um dealership companies in the united
states
they offer 36 five for my car
and before that what i filled online
they they were offering 37.5
but i went with the offer of 36.5
because
someone actually saw it in person and
that was the number that they came up
with last but not least
and well the most amount of money which
is facebook marketplace
at 38 000. um it's a private sale
you're dealing with you know regular
people and uh
i post it on there just to get a real
live
you know experience on seeing what the
car would fetch
i got an offer within less than a day
the guy was ready to make cut a deal
with me
but he offered 38 000 and the benefit of
selling
to someone privately is that they don't
have to pay sales tax
so it's kind of um advantageous for
someone who want to buy a car privately
uh of course they can go ahead and get
like a loan from a bank and
cut you a check like that but um yeah 38
000 for the facebook marketplace
and yeah this is the trouble that i went
through to see
what is the best choice when it comes to
selling your car and
you know literally to my surprise it's
not carmax so
go out there and when you decide to sell
a car
kind of check out the options that i
showed you and hopefully you make the
right choice
and hopefully you enjoy this little
experiment that i did i'm deciding what
to do now with the truck
but what i probably want to do first is
remove all that
kind of the wheels and upgrades that i
did to the car
and return it back to factory and then
try again
and see if i can sell and sell the parts
separately but if you enjoy this guys
please like please subscribe until next
video
thank you bye
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