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.

Outlines

00:00

🚗 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.

05:02

🔍 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.

10:05

📈 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.

Keywords

💡Car Wash

A car wash is a place or service that cleans the exterior and, sometimes, the interior of a vehicle. In the video, the car wash is a metaphor for preparing the Toyota Tundra for sale, akin to 'brushing your teeth' before going to the dentist. The car owner is getting his car washed to make it look clean and appealing before taking it to various places to get it valued.

💡CarMax

CarMax is a well-known used car retailer in the United States that offers a range of services, including vehicle appraisals. In the video, the owner takes his Toyota Tundra to CarMax to get an estimate of its value, which is a key step in understanding the car's resale potential.

💡Carvana

Carvana is an online used car retailer that allows customers to sell their cars directly to the company. The script mentions the owner's experience with Carvana and the offer they made for his Toyota Tundra, which is part of his exploration of different selling options.

💡Toyota Tundra

The Toyota Tundra is a full-size pickup truck manufactured by Toyota. It is the central object of the video, as the owner is trying to sell his 2018 model. The Tundra's condition, value, and the owner's experience with it are central to the video's narrative.

💡Resale Value

Resale value refers to the estimated price a used item, such as a car, can be sold for in the market. The video discusses the owner's desire to sell his Tundra while its resale value is high, which is a common consideration for car owners looking to maximize their return on investment.

💡Depreciation

Depreciation, in the context of cars, is the loss in value a vehicle experiences over time due to age, mileage, and market conditions. The video owner reflects on the depreciation of his Tundra, noting the significant drop in value over three years and 48,000 miles.

💡AutoNation

AutoNation is a large automotive retailer in the United States that offers services similar to CarMax, including vehicle trade-ins and purchases. The script mentions the owner's visit to AutoNation to get a valuation for his Tundra, comparing it to the offers from other services.

💡VIN (Vehicle Identification Number)

VIN stands for Vehicle Identification Number, a unique code used to identify individual motor vehicles. In the video, the owner mentions the VIN in the context of using online platforms like Carvana to get an offer for his car without a physical inspection.

💡Private Sale

A private sale refers to the transaction of goods, such as a car, between individuals rather than through a dealership. The video owner explores the option of selling his Tundra through a private sale on Facebook Marketplace, which resulted in an offer of $38,000.

💡Sales Tax

Sales tax is a tax imposed on the sale of goods and services. The video mentions sales tax savings when trading in a vehicle, which is a benefit offered by some dealerships to reduce the overall cost for the buyer when purchasing a new vehicle.

💡Condition of the Car

The condition of the car refers to its state of repair and overall appearance. The script details the owner's assessment of his Tundra's condition, noting minor dings and scuffs, which is important for potential buyers and valuation services to consider.

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