SageBrush
Forum Supporter
Posts: 6384
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: NM

Re: Leased Car, selling to CarMax

Thu Apr 22, 2021 10:00 pm

Baltneu wrote:
Thu Apr 22, 2021 3:00 pm
Well, I wish you good luck, I do not follow what you are doing, but please don’t be mad at me, I was born this way, can’t help it. Good luck.
That makes two of us.

I *think* Leftie is saying that his car (and specifically his residual) is in demand by dealerships so they compete to buy it.
Last edited by SageBrush on Fri Apr 23, 2021 5:49 am, edited 1 time in total.
2013 LEAF 'S' Model with QC & rear-view camera
Bought Jan 2017 from N. California
Two years in Colorado, now in NM
03/18: 58 Ahr, 28k miles
11/18: 56.16 Ahr, 30k miles
09/20: 54.3 Ahr; 38k miles
-----
2018 Tesla Model 3 LR, Delivered 6/2018

LeftieBiker
Moderator
Posts: 17106
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: Leased Car, selling to CarMax

Thu Apr 22, 2021 10:16 pm

It's a little complicated, but not very much so. The dealership had likely been expecting to buy my car from NMAC to resell it, because of the ultra low mileage and near-pristine condition. When I told them I'd be offering it to Carmax, the salesman said that he'd look into giving me some "equity" (credit) for the car, to be applied to my new lease, if I grounded (ended) the 2018 lease there. I then told him what I would like in return as that equity: a lowering of the payments for the 4 year lease to be the same as the more subsidized 3 year lease payments. I also asked for the Protection Package for free, and a free cargo cover. Total value of those concessions/gifts was about $1554.00. What he then came back with was: I'd get everything I wanted, with the only change being that they would buy the car from me, rather than grounding the lease for NMAC. That has no effect on me. I had originally offered to bring the car over there tomorrow, to show them the lovely door replacement, but when he requested photos of documents, I also sent 5 or 6 photos of the door and surrounding area. That sufficed. Next week I bring the car in, with the Summer tires on the OEM wheels loaded in the back. I'll then sign some papers, and will drive home with a 2021 SV 40kwh, with Tech and Protection packages, and a cargo cover. The wheels with Winter tires will be in the back of that.

I could have spent another $90 a month or so for a Scarlet Ember (my favorite color) SV+ with Tech Package, but having driven both versions of the Gen II Leaf, I prefer the way the 40kwh cars accelerate and handle. They are more 'toss-able', less ponderous, and at everything less than WFO, they accelerate more quickly. That extra 50HP or so sounds great, but you only get it after a couple of seconds of flooring it, and they always feel like they are at least the 200lbs heavier that they in fact are. One Plus in the family is enough. The Brilliant Silver makes the Leaf II look more like a British luxury sports car, and I'd prefer the car handle more like one.
Brilliant Silver 2021 Leaf SV40 W/ Pro Pilot & Protection
2009 Vectrix VX-1 W/18 Leaf modules, & 2 lithium E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

Baltneu
Posts: 296
Joined: Sun Oct 07, 2018 8:54 pm
Delivery Date: 06 Oct 2018
Leaf Number: 313633

Re: Leased Car, selling to CarMax

Sat Apr 24, 2021 7:04 am

I just happened to be looking at Carmax and here is my car I sold to them for $17,400. I have to wonder if they are going to get their asking price. Does Carmax deal?

https://www.carmax.com/car/20402462
2018 Gun Metallic Gray, SL, Technology Package, etc.

SageBrush
Forum Supporter
Posts: 6384
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: NM

Re: Leased Car, selling to CarMax

Sun Apr 25, 2021 1:40 pm

Baltneu wrote:
Sat Apr 24, 2021 7:04 am
Does Carmax deal?
Not so far as I know, but nothing stops them from changing the sticker price.
2013 LEAF 'S' Model with QC & rear-view camera
Bought Jan 2017 from N. California
Two years in Colorado, now in NM
03/18: 58 Ahr, 28k miles
11/18: 56.16 Ahr, 30k miles
09/20: 54.3 Ahr; 38k miles
-----
2018 Tesla Model 3 LR, Delivered 6/2018

LeftieBiker
Moderator
Posts: 17106
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: Leased Car, selling to CarMax

Sun Apr 25, 2021 2:48 pm

It looks like I picked the right time to do this transaction: there is a growing shortage of new cars because of the chip shortage, and to a lesser extent because of rental companies buying lots of new cars, after dumping their fleets during the pandemic's early stages. This has also pushed prices up in the used car market, and I think that this partially explains why I was able to get about $1500 for my leased car.
Brilliant Silver 2021 Leaf SV40 W/ Pro Pilot & Protection
2009 Vectrix VX-1 W/18 Leaf modules, & 2 lithium E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

Flyct
Posts: 435
Joined: Tue Nov 03, 2015 12:04 am
Delivery Date: 05 Dec 2019
Leaf Number: 310009
Location: Bradenton, Florida, US

Re: Leased Car, selling to CarMax

Sun Apr 25, 2021 8:52 pm

LeftieBiker wrote:
Sun Apr 25, 2021 2:48 pm
It looks like I picked the right time to do this transaction: there is a growing shortage on new cars because of the chip shortage, and to a lesser extent because of rental companies buying lots of new cars, after dumping their fleets during the pandemic's early stages. This has also pushed prices up in the used car market, and I think that this partially explains why I was able to get about $1500 for my leased car.
Carvana last week offered me $10,000 more than I paid for my 2019 F-150 in December 2019.

Prices are crazy.
Last edited by Flyct on Sun Apr 25, 2021 8:54 pm, edited 1 time in total.
2020 Leaf SL Plus (replaced totaled 2019:SL+)
2015 Lexus RX450h Hybrid SUV
2019 F-150 XLT Extended cab
2020 Ford F-350 Lariat Ultimate Crew Cab Short Bed Diesel- Tow vehicle
2017 Grand Design Reflection 337RLS 5th Wheel RV

Flyct
Posts: 435
Joined: Tue Nov 03, 2015 12:04 am
Delivery Date: 05 Dec 2019
Leaf Number: 310009
Location: Bradenton, Florida, US

Re: Leased Car, selling to CarMax

Sun Apr 25, 2021 8:53 pm

Deleted due to fat fingers.
2020 Leaf SL Plus (replaced totaled 2019:SL+)
2015 Lexus RX450h Hybrid SUV
2019 F-150 XLT Extended cab
2020 Ford F-350 Lariat Ultimate Crew Cab Short Bed Diesel- Tow vehicle
2017 Grand Design Reflection 337RLS 5th Wheel RV

Pgrove831
Posts: 1
Joined: Wed Jun 02, 2021 8:33 pm
Delivery Date: 10 Aug 2018
Leaf Number: 305695

Re: Leased Car, selling to CarMax

Wed Jun 02, 2021 8:47 pm

First post!

I got a call from the local Nissan dealership asking if I wanted take advantage of their lease buyback. I said sure, why not, let’s see what they have to offer. After some research, there really is a shortage. A few months ago I got a quote from Carvana and Vroom and I had to pay them $1,300 just to get out of my lease (this is before I found out that NMAC doesn’t allow 3rd party buyouts; I hadn’t checked CarMax though).

Anyway, I figured I get a quote from Carvana again, and wow, they were offering me 6k! Went to the dealership to see what they would offer...they said we can take your car right now and waive all the fees and give you a check for $500. I said no thanks and walked out.

My payoff is $13,681.59, and Carvana is offering $19,843, profit $6,161, which includes a ding in the door trim. I plan on going in this week to pay it off.

LeftieBiker
Moderator
Posts: 17106
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: Leased Car, selling to CarMax

Wed Jun 02, 2021 11:00 pm

Good deal. Great deal!
Brilliant Silver 2021 Leaf SV40 W/ Pro Pilot & Protection
2009 Vectrix VX-1 W/18 Leaf modules, & 2 lithium E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

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