I got a quote a couple of months ago on my $35k MSRP Siren Red '17 Volt LT with 5k miles....they offered $20k.
Luckily I found a person to take over my lease, so I offloaded my Volt that way.
Carmax buy price for 2017?
Anybody have any experience selling Carmax a 2017 LT? I'm wanting to get a price from them as a potential easy way to get out of my lease since I am moving and the cost to ship the car is pretty high. I know it's best to just go there but where I live there isn't a Carmax nearby so was wondering if anybody had an idea of what they pay before I drive an hour.
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Luckily I found a person to take over my lease, so I offloaded my Volt that way.
Yeah, I think you're right. If I had purchased that Volt outright, I would have received $15,048 in total discounts/rebates ($3.7k dealer discount, $500 farm bureau, $1k Chevy.com private offer, 7.5k fed credit, 2.3k MD rebate). We're already down to $20k before any deductions for miles driven!Oddly enough, that is about right if you take a look at it from their point of view. 35k MSRP discounted 5k, minus 7.5K tax credit=22.5K And CarMax has to make some coin for their risk. Actually, I would consider that to be an extremely fair offer.
The person taking over the lease must register the car in the same state as the original lessee. And GMF confirms all this before proceeding with the transfer (driver's license copies and everything), so unless you have a license in the same state, it'd be mighty hard to get approved without being an actual resident.I'm curious to what loopholes there are in the same state restriction...You purchased from KY and are a KY resident, but what if you move? Seems like there'd be some legal headaches for lenders to only approve transfers at the state you purchased it in...Can you simply change your address online and then sell? Clearly accepting a CarMax offer is thousands if not a ten thousand loss...Could you just open a Cali P.O. Box find someone to take over the lease and pay $595 fee and $700ish bucks to ship? Its really not a lot of time or effort and you could save up to ten thousand...Really easy to get started, simply call the lender tell them you're moving to Cali next week and wanted to transfer to a Cali resident, see what they say...
For the record, my $36,2XX MSRP Volt received an offer of $25K but that was last summer, I believe that was on of the first MY17 of any vehicle CarMax had to deal with so I think the offer was inflated...I got lucky and had three other "we beat carmax" places compete, I'll recheck, I wrote a check for the payoff for just under $100 to sell it, however, I received a $1500 incentive from Cali which I'm supposed to pay back the prorated portion...Widely reported they rarely come after you but some reports of if you get another PHEV/EV they'll deduct your previously owed amount from the new incentive so I'm not out of the woods yet...
Yep, CA-MD cost me $800 for my Bolt. East coast to west coast may be a little pricier.Nothing will be lower cost than just having the car shipped, its not expensive.
So I found my expired Carmax offer for my '17 Volt LT....it was actually $18k, not $20k. $20k is what some other used car buyer offered me.
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