We've been given the word to put our long term Volkswagen GTI up for sale. So I took our long term Volkswagen GTI to get appraised at Carmax. We do this to set a baseline price for ourselves to either improve on in a private party sale or take the Carmax's offer. Take a guess as to what we were offered before you follow the jump.
Carmax offered us $19,000. For reference, Edmunds trade in TMV is $18,273. The Carmax offer is a solid price, but we think we can do better. Since the $19K is guaranteed for seven days, we will try to beat that by a grand or two in the coming week.
Any predictions as to what price we will end up at?
Ron Montoya, Consumer Advice Associate @ 24,517 miles
subytrojan says:
11:35 AM, 07/ 6/11
I'd be on it like a cheap suit if it was a 4-door GTI. Would've been nice if ya'll waited a little to get the 4-door.
hybris says:
11:46 AM, 07/ 6/11
$19K is really good but you might get $19,500 maybe $20,000 with the right buyer.
ahightower says:
11:50 AM, 07/ 6/11
That seems pretty good considering it was about $24K new. When cars hold their value this well, I'd just as soon buy a new one. Look up new vs used Civic Si for another example (or almost any Honda, really).
adamb1 says:
11:58 AM, 07/ 6/11
Throw some white spray paint on the scuffed chin and it will sell easier.
throwback says:
12:01 PM, 07/ 6/11
I think $19,800 will be your best offer. $18,800 if they read IL.
subytrojan says:
12:13 PM, 07/ 6/11
adamb1 says:
11:58 AM, 07/ 6/11
Throw some white spray paint on the scuffed chin and it will sell easier.
Just photochop it out!
tjpark01 says:
12:14 PM, 07/ 6/11
Zero if they read IL.
teampenske3 says:
12:38 PM, 07/ 6/11
Wasn't this used in the FWD burnout test?
Oops, shouldn't have said that. Sorry IL.... :P
louiswei says:
12:44 PM, 07/ 6/11
$19k and you will sell it to Carmax.
yellowbal says:
12:59 PM, 07/ 6/11
If Carmax offers you $19k, that means they think they can sell it for $21-22k. Who would buy a used car for that much when you can buy a new one with intact warranty for a tiny bit more?
blueguydotcom says:
01:03 PM, 07/ 6/11
Resale on those GTIs seems pretty darn good. I looked at a few used ones and felt like the there's nowhere near the 40% savings you see on BMWs, Audi, etc.
sabastian says:
01:06 PM, 07/ 6/11
I've always felt that IL's TMV undervalued cars. Seems there is at least anecdotal evidence to support that with the sales of the Z06 and GTI.
ed341 says:
01:31 PM, 07/ 6/11
Take the $19K..
cheechmo says:
01:51 PM, 07/ 6/11
I doubt they'll find a buyer for more than 19k in less than a week. Prove me wrong, Inside Line!
bassrockerx says:
01:57 PM, 07/ 6/11
Just take the 19 grand ffs!
audisport says:
02:15 PM, 07/ 6/11
$19k to carmax will win. That scuff will cost almost $1000 to have professionally fixed. No one will pay over $20k for it.
maxedoutmax says:
02:22 PM, 07/ 6/11
Local dealer is selling a new one optioned the same at 23k, PPL are retarded to pay that kind of money used.
greenpony says:
02:24 PM, 07/ 6/11
"Just photochop it out!"
Oh boy... Have any of you come across a car where the seller actually altered the pictures?
fsu_seminole1 says:
02:41 PM, 07/ 6/11
I thought Carmax was expensive to shop @? Well to buy cars from. I've also heard they low-ball trade-ins. Anyone can answer that for me? I know certain cars they OVER CHARGE by a few grand. But the offer for the GTI sound really good to me. I'd sell it to Carmax and someone else will buy it for @ least 23 grand. (O_o)" No Haggle Pricing my foot. =) I guess people would pay extra to NOT haggle.
shadrach2 says:
03:20 PM, 07/ 6/11
I guessed they'd offer you $15K. $19K seems amazingly good. I predict you'll be selling it to CarMax.
subytrojan says:
03:37 PM, 07/ 6/11
greenpony says:
Oh boy... Have any of you come across a car where the seller actually altered the pictures?
I was just kidding about p-chopping the scuff out. :)
_feloniousmonk says:
04:03 PM, 07/ 6/11
Who's the bald guy sitting on the bench, picking at his foot? His presence devalues the GTI so I wouldn't use that picture in any advertisements. I swear he (or someone very much like him) has been sitting out front at every Carmax I've ever been to. He is the reason I will never shop at Carmax. Well, him and the fact that they're overpriced and have lousy customer service.
atomic13 says:
05:35 PM, 07/ 6/11
Wow, any of my friends who have ever taken their cars to CarMax have gotten ridiculously low offers. $19 sounds great, especially with the scuff. You sure they saw the scuff when appraising it? =) You *might* find a private buyer who would pay more but I am somehow doubting it. Take the CarMax and run.
huyracing says:
07:30 PM, 07/ 6/11
wow, i'm trying to sell mine and they are totally lowballing me everywhere i go. TMV says i should be getting like $21.5k for it, but i am only getting $17k which is less than the TMV for a base model. to be fair, carmax would only sell my car for what the TMV is supposed to be, so its not like they are completely lowballing me, although a 4.5k profit is a lot...
litewerk says:
12:34 AM, 07/ 7/11
Considering this is Carmax, which will bump up the price by at least 2 grand, I'd say $19K sounds pretty good. Take it!
toastblows says:
08:21 AM, 07/ 7/11
100 billion dollars
bodyblue says:
08:53 AM, 07/ 7/11
Funny that CarMax was started as a division of Circuit City.....and now it is the only thing left....
greenpony says:
10:13 AM, 07/ 7/11
"I was just kidding about p-chopping the scuff out. :)"
I thought you were... I guess my question was directed more toward the experiences of the peanut gallery, and the possibility for misleading ads.
toastblows says:
10:19 AM, 07/ 7/11
@greenpony
"Oh boy... Have any of you come across a car where the seller actually altered the pictures?"
Yes....its called ebay ;)
eldaino2 says:
01:39 PM, 07/12/11
wish my gti had retained its value as well. granted it was an09 mkv