AboutJeremy Beck Expertise I can answer any question as it relates to the purchase or lease of a new or pre-owned vehicle. I can give you advice in purchasing from a franchised dealer or private party. Buying a vehicle can be a very difficult and frustrating experience, but it doesn't have to. Know before you Go! Let me help you with any of your questions.
Experience I have been in the automotive business for 10 years. I have held every position from salesperson, Finance Manager, New Sales Manager, Used Car Sales Manager, Finance Director, and Director of Sales and Finance. I graduated from the University of Texas with a major in Business Administration, and have held many sales jobs in the automotive sector. I am a member of the Association of Finance and Insurance Professionals (AFIP). I have also been trained by some of the best schools in the business including JM&A, Ethos, VT/AIG, Inc, and various others.
Question Jeremy,
I bought a 2008 camery le in Feb.2008, the place I worked at closed their doors on March 25, 2009. I can no longer afford to keep this car on unemployment pay. I am thinking about taking it to carmax and see if I can get at least payoff for it. I think payoff is around 14,500-15,000, which offer am I likely to get trade in value , msrp, private party value?
2008 camery le 26,500 Mi excellent condition
Thanks for your help,
Derek Franklin
Answer Derek,
Thanks for your question.
Carmax is a great source for you to sell your car to. The value that you can expect is at the very minimum trade in value. The private party, and MSRP value are not valid when selling your car to a dealership. I would venture to say that you will get close to your payoff, but go and see.
