![]() ![]() Compared to the typical marketplace listing, I wanted to see whether Carmax and Carvana’s fixed, no-haggle prices were better or worse. Checking used car dealership retail values on KBB shows you many different numbers: what the Fair Market Range should be for that vehicle, a number called out as a Fair Purchase Price, and another number that is the Typical Listing Price (TLP) – that’s the one I will be using for comparison. From their website, you can get an approximate value for a car as a trade-in at a dealership, or what the price should be to purchase it on a dealer lot, or what the price would be if you purchased from a private party instead. If you aren’t familiar with KBB, they’re the standard consumer-facing automotive valuation tool used today. Next, I wanted to check each car against Kelley Blue Book. The cars were pretty much identical otherwise. Carvana’s example was tagged as a “Great Value” on their website, and perhaps was starting to age in their inventory which would explain the lower price. There was no obvious reason for the price difference on the Acuras. ![]() I found 2013 Toyota Corollas that were priced within about $100 of each other, a $300 price difference between two 2016 Chevrolet Traverses, but discovered almost a $1,900 price difference between two examples of Acura’s 2018 TLX. I tried to find similar cars in each inventory, with similar mileage, trim, and features, and similar vehicle histories. How do Carmax and Carvana’s prices compare to each other?įirst, I was curious to see how Carmax and Carvana’s prices compared to each other. But most importantly, when the dealership sets the price and you can’t negotiate, are you actually getting a good deal? As it turns out, sometimes you are, and sometimes you’re really, really not. And both offer some form of limited warranty. Both Carmax and Carvana offer a buy-back guarantee period, where you can back out of your purchase if the car isn’t right for you, or if there’s a problem with the vehicle. At Carvana, you’re buying a used car totally sight unseen. By offering fixed no-haggle pricing, they’re cutting out the time-consuming and unpleasant back and forth that you might encounter at traditional dealerships. Both Carmax and Carvana are striving to offer you a simplified experience. ![]()
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