Carmax Offer

[Almondtree]

Took my 21 MME Premium with 22,000 miles to Carmax yesterday. Perfect condition except that cargo door and back lights were replaced due to a collision with garage door. So that had a report on it. Offered me $23,000. I owe $22,060 on Ford Options so obviously I didn't take the offer. Frankly, I was surprised offer was so low since I see they are selling comparable ones with more mileage for about $30,000. That's a big profit for them. So I will hang on to the car until February 2026 when I can just give it back to Ford. I will either get another MME or a different EV.

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[Trick.Mach-E]

Took my 21 MME Premium with 22,000 miles to Carmax yesterday. Perfect condition except that cargo door and back lights were replaced due to a collision with garage door. So that had a report on it. Offered me $23,000. I owe $22,060 on Ford Options so obviously I didn't take the offer. Frankly, I was surprised offer was so low since I see they are selling comparable ones with more mileage for about $30,000. That's a big profit for them. So I will hang on to the car until February 2026 when I can just give it back to Ford. I will either get another MME or a different EV.

Carmax is listing the Mach-E's for 30k but they are not being sold. They are sitting on the lot with all the other way overpriced cars they have... Keep an eye on them... they will be at Carmax for a long time.

 

[OON7]

These cars have depreciated massively since they first came out, have you followed the base MSRP pricing on the new model years since? They have come down so far since 2021 and unfortunately the resale value on the early model years took big hits.

The good news is you aren't underwater on your balance at least even with CarMax's lower offer. Smart to ride it out, I think 2027 model year will be the earliest for a true refresh too.

 

[McSquashy]

When I recently looked into trading my excellent condition 2023 Premium 4X with 9,000 miles, I was only getting offers in the high 20s! Makes me sick to my stomach how fast these cars depreciate. Ultimately, I decided I didn't need a 2025 Rally that bad so I'll be hanging onto my Premium for at least 2 to 3 more years.

 

[moog]

Lease or buy a one year old model with very low miles.

There is no need to take such a massive depreciation hit.
Let others take the biggest hit.

 

[GreaseMonkey]

Took my 21 MME Premium with 22,000 miles to Carmax yesterday. Perfect condition except that cargo door and back lights were replaced due to a collision with garage door. So that had a report on it. Offered me $23,000. I owe $22,060 on Ford Options so obviously I didn't take the offer. Frankly, I was surprised offer was so low since I see they are selling comparable ones with more mileage for about $30,000. That's a big profit for them. So I will hang on to the car until February 2026 when I can just give it back to Ford. I will either get another MME or a different EV.

Last Dec, I took my 2022 premium with 13k miles to CarMax and they offered me $26k. My personal opinion is that they are anti-EV and anti-Mach-E specifically, so I’m skipping the unpleasant experience altogether.

Carvana on the other hand offered $32.6k. I ended up trading it in to my dealer for $29.5k, which is equivalent to the Carvana offer when accounting for sales tax impact (a Chicago special). My dealer sold it for ~$31.5k in less than a week, pocketing $2,000 for looking good and combing his hair nice that day.

 

[Triggerhappy007]

Lease or buy a one year old model with very low miles.

There is no need to take such a massive depreciation hit.
Let others take the biggest hit.

Too late now for most of us.

 

[phil]

Offered me $23,000. I owe $22,060 on Ford Options so obviously I didn't take the offer.

Why "obviously"?

You'd have gotten more than you owe. Lots of people would take that deal.

 

[circatee]

Why "obviously"?

You'd have gotten more than you owe. Lots of people would take that deal.

Yes, I'd like to know the answer to this, too...

 

[GreaseMonkey]

Simple. The price is lower than OP’s expectations.

You don’t sell just because you are not under water. You sell because the overall deal meets your expectations.

 

[phil]

Simple. The price is lower than OP’s expectations.

You don’t sell just because you are not under water. You sell because the overall deal meets your expectations.

That might be how you decide to sell.

But OP explicitly said that he declined the Carmax offer because of the amount he owes on Ford Options. See the excerpt I quoted above. I'm just curious about his thinking on this.

 

[GreaseMonkey]

That might be how you decide to sell.

But OP explicitly said that he declined the Carmax offer because of the amount he owes on Ford Options. See the excerpt I quoted above. I'm just curious about his thinking on this.

It’s clear from the rest of his narrative that he was expecting a higher price for his vehicle ??‍

 

[stoopid]

If I owned a 21 MME, wanted or needed a different car and could break even on the sale/tradein, I'd be all over that in a heartbeat. Unless expecting to pay off the car loan faster than currently doing so (making a few principle payments), the only direction the vehicle's value has is down. The positive in staying with the car is that you're closer to ownership and the amount interest consumes with each payment is the least its been thus far. I'd be happy in a '21, but my needs are basic.

 

[Socalsp3]

Last Dec, I took my 2022 premium with 13k miles to CarMax and they offered me $26k. My personal opinion is that they are anti-EV and anti-Mach-E specifically, so I’m skipping the unpleasant experience altogether.

Carvana on the other hand offered $32.6k. I ended up trading it in to my dealer for $29.5k, which is equivalent to the Carvana offer when accounting for sales tax impact (a Chicago special). My dealer sold it for ~$31.5k in less than a week, pocketing $2,000 for looking good and combing his hair nice that day.

I got 52k for '23 premium from carmax just before things crashed

 

[GreaseMonkey]

I got 52k for '23 premium from carmax just before things crashed

Um, a premium is not worth $52k at the dealer brand new ?. I hope you sold immediately.

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