2014 Chevrolet Silverado: Sold to CarMax
August 27, 2014
Once we get an offer for a vehicle we're selling, it's always tempting to think we might be able to improve it. CarMax offered us $30,000 for our 2014 Chevrolet Silverado which seemed right on target since Edmunds.com's trade-in price was $30,468. However, our private party price was estimated at $32,624. Should we create an ad and see if someone stepped up to improve the CarMax order?
To answer this question we took to the online classified ads. We learned three things that quickly helped us make a decision.
First of all, there appeared to be no shortage of used Silverados on the market in our area. Second, we saw that many of the one-year-old trucks had fewer miles than ours, which has over 24,500 miles on its odometer. Furthermore, there are currently incentives on new Silverados which might drive used truck shoppers to the new truck market.
Processing all this, we visualized how a shopper would view our truck when compared to the competition. One look at the miles, and an asking price high enough to allow wiggle room, and they would quickly rule us out.
So, back we went to CarMax to take their offer. As usual, the paperwork was easy, and in less than one hour, we were on our way with check in hand. We were glad to have the deal completed, but we were a little sad to see such a dependable truck leave our fleet. Let's hope it finds a good new home since there's a lot of life left in this truck.
Philip Reed, Senior Consumer Advice Editor @ 24,825 miles