2015 Chevrolet Colorado: CarMax Price Quote
by Ronald Montoya, Senior Consumer Advice Editor on November 9, 2015
We've flown past the one-year mark and now it's time to sell our 2015 Chevrolet Colorado. That means time for a trip to CarMax for a baseline price quote.
Before we headed out, we ran our numbers. With 21,884 miles on the odometer, Edmunds trade-in True Market Value for the Colorado was $27,159. For reference, we paid $35,537 before tax and title when we bought the truck last November.
"Four-wheel-drive trucks don't sell as much in the L.A. market," said Joe, our CarMax appraiser. "It may end up being transferred to another location." Maybe even a CarMax in Colorado, who knows?
Joe said our Colorado was nicely equipped but that the higher miles were a knock against it. He also added that it would have to compete with the price of a newer vehicle with incentives. I started to get the feeling he was prepping me for a lower number.
CarMax offered us $27,000 — very close to our trade-in TMV estimate. It is a solid offer. Since it's good for a week, we're going to take a few days to consider it.
What do you think? Take the cash? Or try our luck in the private party market?
Ronald Montoya, Senior Consumer Advice Editor