2010 GMC Terrain: Strong Money for Popular SUV
January 24, 2011
The used car super-store CarMax seems unpredictable in its pricing. Often, after an appraisal for one of our long term cars, we leave scratching our heads or muttering angrily. This time, we hit the CarMax jackpot. Maybe they were just in a good mood because they offered us $25,000 for the 2010 GMC Terrain. It was so good we just had to take it.
Here are a few numbers to put things into perspective. The MSRP for the Terrain was $32,140 when we bought it a little more than a year and 21,608 miles ago. We actually paid $31,133 for it since it was relatively new then and still commanding a high price. Turns out that the price we got from CarMax was almost the same as the clean TMV private party price: $25,408. So it dropped $5,725 or 18 percent over the first year of ownership.
When CarMax offers strong money for used cars, it sure makes the resale process easy. They give you a quote which is good for one week. If you want to try for more, you can throw it up on Craigslist for a few days and a few thousand over the CarMax price. If it doesn't sell, cash out at CarMax.