SELLING THE TESLA CYBERTRUCK TO CARMAX!
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- Опубліковано 26 січ 2024
- This is the first CYbertruck in the world to get Appraised at Carmax! None have been sold on the secondary market yet so this is the bar! how much will we get offerred?
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My honest guess was between $60k-$80k
They will only buy up to 60% resale value. It’s not to the benefit of the customer to trade in or sell your vehicle to a dealership. Thinking you would get a retail offer is ridiculous. They are in the business of reselling cars, you know you’re not going to get what they would sell it for…. So I’m not understanding the shock here.
They definitely buy higher than 60% of resale value. I submitted my Rivian to them just to see and they offered within 3k of what the private market is at right now.
No, they pay way more than that
The GameStop of the car industry.
Actually, Carmax is known as always offering the highest offer compared to dealerships or other car buying services, Carvana is the one that always offers abysmal prices
😂😂
Carmax is going downhill
@@amoryerenhouse5535negative. There are plenty of dealers that consistently pay more than Carmax.
Here come the Fan Boys trying to destroy another business because TESLA
I mean - Subway should have been the sponsor for this because I had no idea about that footlong cookie! That was the main story here.
HMU subway 📞
They got churros too
And they have pedophiles.
So they have churros and footlong cookies at any subway?
Bro really got the cheat code. I'm invested now. Subway for lunch tomorrow!!😂
$76k seems reasonable given that Carmax seems to be refusing to pay the $20k markup for foundation series models. Give it a few months and the prices will drop by $20k on all models.
CarMax knows it won't sell for anywhere near what he's claiming.
So you mean logic?
$60k drop in a year depreciation guaranteed.
Whislindiesel would offer $200.000
Are you as excited as I am to see whistling diesel test the cybertruck? I have an order placed for foundation series, and I am genuinely excited to see how tough the cyber truck really is and whistling Diesel's hands lol
@@MrLabbott same but I don't think it will be as tough as Toyota Hilux
i think he would drive it down a hill with no one in it just tape holding wheel (then it hits a tree)
fr 🤣🤣
😡😡😡😡😡😡
Cut to the chase- they offered $76,000 which is a fair price considering they would be purchasing a car that has no warranty because the purchase and resale voids it.
And that Carmax only gives offers based on a wholesale price
is that specific to the cybertruck? because i bought a used Model 3 and the warranty transferred to me.
It’s because of the rapid depreciation and price cuts of other Tesla models which has “set the market”. Carmax is going to go with market, not anecdotal trendiness.
Exactly, it has no street cred yet, just hype.
If anything, the offer was high because this was the first Cybertruck they were offered. A year from now, people will be desperate to get rid of them.
@TroySavary No, they won't. Tesla can only produce under 250k a year, which they will fall way short of this year, and there are over 2 million pre-orders. Even if over half the pre-orders get canceled, Tesla will sell out 4 years of produced cubertrucks.
@@rayr6278 Far more than half have cancelled. Even before Tesla severely missed promised specs and promised price, most reservations were not serious intent to buy.
Tesla has been taking 10k new CyberTruck orders a day since the first customer deliveries.
My guess was $80k. Soon enough these things will be all over the place and that’s what they will be worth new.
Carmax isn’t in the business of flipping rare cars.
Fun video nonetheless!
These things will not be all over the place any time soon. Sorry to break it to you. Right now if Elon is going to enforce the legal action for selling it before the 1 year period, sure. But until production ramps and everyone who legitmately wants one to drive it and use, and the waiting period drops to 1-2 weeks then it will be worthless. until then its very high value as other content creator would sell their souls to satan at a chance to buy one.
yeah ask all those ford bronco owners and now there is 5 sitting new on the lot at the small as ford dealer near me
Not surprised at all, they offered my dad $28,000 for a 23 Tacoma fully loaded he paid $45,000 3 months ago. Car max are equity thieves.
Dang u ain't blind
I mean it’s a dealership they want to make a profit
@@alexanderpsaras5663 "I mean "....bro you must be real ghey at parties
..
It is same pawn store policy.
Don't get angry at them for being smart.
76K incase anyone wants to find out right away. 6:20 is around where the price is revealed.
6 minutes of bull
I love the new youtube update with the views updating in real time, also Carmax makes lowball offers to cars they don't want or won't sell fast on their lot
76K sounds about right. That way, they can turn around and sell it for profit.
Wow, I've never heard of a dealer doing this.
U ghey boi
No it doesn’t
@@TravNation Great answer.
@@TravNationYou are right. $76k is too high.
@@TroySavary yall ghey bois
Tesla wants to produce 250,000 of these per year, the current pricing won't last if that happens.
They won't achieve that anytime soon. At least 2 years.
The key with anything Tesla is "wants to"
There aren't 250k people per year who want this.
@@TroySavary2m preorders and counting
@@TroySavarythere are 3 million pre orders. U sure abt that?
Just think how soon it will be that $76k is an awesome offer for a Cybertruck! 😂😂 So many will cry about their soul-crushing depreciation.
Im fairly certain there's caselaw revolving around the whole "cant sell your car for x amount of years" or more importantly "you cant modify your car" while Tesla (or Ferrari) can blacklist you from purchasing from dealerships they cannot tell you what you are or aren't allowed to do with your possessions.
The lady in the back at subway was so suspicious😂😂
I just did a search and found that vehicles lose about 20% annually of the amount they're purchased for. Considering the fact that Carmax is a place that doesn't work like a dealership or 'buy here pay here' type of place - yet kinda similar, the amount they say they'll pay you is going to be a 'little' less than what they would sell it for. It's more like consignment. I'd say $76k is kinda ok, but having to own the vehicle for at least one year prior to selling to Carmax is ridiculous.
Well, can't repair it anywhere. You are a test mule for the al new tech. And good luck getting support from Tesla on this. So I would say Gen 1 is worth 50k at best. Good appraisal. I thought people learned their lesson to wait for gen 2 with the Model X.
Honestly, that is right where I was expecting. I was going to say 75. Mainly because they can see what it retails at, and that is confidently what they can sell it at. The person offering 125k at the booths could be scammers. Selling overseas they could lose money in fees. This honestly just sounds right. Plus, it is good to see that they won't offer more.
Remembering old Doug Demuro videos
My English brain: 🎶just sold my car, to we buy any car🎶
So the owner gave his permission for you to hand over the keys to his truck to random strangers and they took it for a couple of hours ........DAMN!!
Yeah... Definitely didn't give him permission to hand the keys over... 😅 But got the CT back and it's still in great condition... So... No harm no foul??? 😂
@mgee7855 I had the exact same thought. I love Dan but this may not of been his best idea 😂 Zack, glad you got the CT back in one piece...now never let it out of your sight again! 😉
It ABSOLUTELY AMAZES me that Carmax is even in business!!!!!!! I took my 2014 Ford Taurus SHO (I'm the original owner) with only 25,000 miles, Performance Pkg, loaded, literally in showroom condition, $1,500 Stage 1 paint correction, clear bra, this was my baby!! I went to Carmax in 2021 and they offered me like $10,000! LMFAO!!!!!!!!!!!!!!!!!!!!!! I then went home and did the work myself and ended up selling privately just a month later for $18,500!!!!!!!! Carmax, Carvana, all these places suck so bad how are they in business???!!!
You do understand that everything that Dan does is for product placement and revenue.
I don't think you quite understand how a business operates. If they offered people what their car could sell for, then they would be bankrupt.
Females
@@denlog1177 What?
@@TroySavary Seriously, dudes take advantage of women all the time. I got a flat tire once and the car did not have a spare tire so it had to get towed. I watched the dude at the counter scam two women into getting new brakes, etc. because they didn't know any better. Carmax is the same chit. Granted will women take advantage of men if you let them too so...
I never seen that color on a cyber truck before just the standard sheet metal color. It honestly looks really nice.
Doesn't tesla sue you if you sell the tesla cybertruck
Yep
yes
that cookie is the most american thing I have seen
😂
They also offer a foot long pretzel or a foot long churro. I got a churro, she didn't put enough cinnamon and sugar on it.
That is why I have never sold a car to a dealer or traded one in. Never ever. I rather give it away to a friend of family member and have done just that. You are ALWAYS going to be ripped off by a car dealer.
I wouldn't trust the random guy posting wanted sign at the charging stations. He might be a scammer.
we sold 4 cards to carmax, this is after going around from the other dealership. They offer the most cash if youre planning to buy a new one you can have a better deal selling to a dealer.
Pretty much what I expected, but I wouldn't pay even that price for it.
3000 miles & custom wrap likely depreciate it quite a lot. Since they knew what you were up to and the 50K possible hit they may get reselling it that offer was fair. Can Tesla collect 50K every time it resells within the first year? I don't know.
I'm not surprised. I tried to sell them a car once and their offer was way below the Kelley Blue Book value. I then took it to another dealership and got way more! I will never buy or sell a car from Carmax! You are much better off selling it privately. I listed one of my EV cars on Saturday using Craigslist and got a buyer within 10 minutes of listing it! I had a bidding wars over it and got more than what I wanted. Always sell privately if you can. You don't have to go on rides with strangers. Just hold on to their drivers license while they go for a test drive on their own. You can also meet them in a crowded public place if you're worried about safety.
Good job subway 👏😂 Ice cream idea tho is genius
Thank you for not selling my truck 😂🤣😂
You bet
@OurCyberLife How high would the offer had to of been for you to consider? (Obviously just a hypothetical and assuming you could do so without breaking the no sales clause)
@@jayhawker2363hmm... Tough question... Like you said, purely hypothetical since I couldn't even if I wanted to, but if I could, I don't know if I would be willing to part with it for anything under 250k 😅
@@OurCyberLife Wow! That sure says a lot about how much you like it. Good to hear!
@@jayhawker2363 you can make more money, but at least right now you can't get another Cybertruck!!! 😁
How much they will pay for a Rivian R1T with the same mileage?
Car Max is out of thier Minds 😢
I havent watched the vid but im shure its worth exactly what they offered 😂😂😂
Awesome! Can't Believe Your Doing This! Keep Up The Great Work!
They did not examine it for 2+ hours, check the GPS, I bet they were out playing with it for the majority of that time.
It's like people who give their Corvettes to dealerships and are "absolutely shocked" when the 20-and-30 something year olds that make up almost the entire staff go out and joyride it.
That is very good offer for a $80k truck with the high mileage from all the traveling so far.
5:21 I think i can speak for everyone when i say that LITERALLY NOBODY WANTS TIS ROLLING DUMPSTER FIRE 😂
Why everyone going mad? This is the business model.
If you want to sell for more, put ads, waste time for reviewers to come, waste days/weeks etc.
OR
Get the money same day and do your stuff.
You think this is different for other car brands/models ? THIS is not the place to get a CORRECT/EXPECTED price. This is the place to sell it fast, like any pawn shop. This is how they make money. And their offer is in the 30%+ profit margins they target as a business.
I don't think I can trust anyone who uses a fork to eat a cookie. Footlong or not. 🤪
Fair
“That I don’t even own” ☠️☠️☠️
76k seems high to me. I’m thinking and hoping ev prices are going to start dropping soon.
If you have a cybertruck, you already failed one gullibility test. Them offering 70k is your best bet, and more than generous.
That is higher than I expected. CarMax has become one of the biggest ripoffs for customers. I bought multiple plug-in hybrids from CarMax 10 years ago, but their business has changed.
The $20k "Founder's Edition" is more like "Sucker of the year edition", paying more to Beta test a preproduction vehicle. The locking differential does not even work yet.
How long do you think it will take for the truck to be more available?
A year. Or two.
3 years at minimum. But with how Elon is doing the legal action, it might be faster as reservation will be dropping like flies, no one wants to wait 1 year to flip it. So im stil guessing 1.5 year though.
Funny how Tesla can tell you when you can sell your car or not, that would never fly here in the EU :-)
But i bet carmax just set the bar a bit low, just to make sure.
What a fool. It’s not madness, it’s common sense. And I guessed 78k so I was right on the money… 🤦♂️
76,000 is not enough.
Chill daddy
Bro thought he’d make money trying to flip a depreciating asset
couple hours? did you check your mileage? sounds like everyone on the staff drove it around the lot. lol
CarMax isn't going to resell it for anywhere close to what you think. They'll send it to a wholesale auction, not sell it on their lot for $150k+. Their offer def means they don't even feel like dealing with it.
I initially thought it was going to be 80K, but then you went on about Dubai and i adjusted it up to 150K, but then you mentioned the 150K and looked so optimistic, i scaled it way up to 250K.
I should've stuck with my first guess, hah.
I am not too surprised, i think a wrapped one will always sell for less than a plain steel version, and at the moment they also have not yet proven their worth in reliability or safety etc., for a company like Carmax it's too early to officially offer great deals on them.
The kid with the zipper problem is my nephew.... Proud Uncle!
Were the ones who texted them! Thanks for the shoutout. Carmax didn’t want to match the offer?? 😂
That was amazing. Great work
Yo where you get those specs?! Or were you actually filmin with your camera 😂
My guess was $72,000. I couldn't believe I was so close. Another year , depreciation will be absolutely horrible. If you buy now and sell in the next couple of months, perhaps at auction you might make a little money. My guess is with all the quality control issues Tesla has and is having and will continue to have, all the Musk bad news press, and mass layoffs at Tesla, not sure this is going to hold it's value at all.
4:00 haha somehow I knew that it was going to be subway!
Love when there’s a new video
They would be happy to low ball that Tesla Cybertruck and mark it up 25-35% to the next buyer.
I mean it was supposed to be a 40k truck starting price when they first announced it, so it was never going to be a collectible
*IMAGINE A BUSINESS THAT WANTS TO MAKE A PROFIT!!!!!*
It's just like a pawn shop. It's all about how long they will have to hold on to it, depreciation which will happen if they have to hold it for 2 years because no one wants to buy these in all areas.
It's a legit offer.
76k seems about right, not too good but business is business. Within a few years that should be this car value.
couldn't help but notice that sams club was charging $2.29 for gas???!!! thats pre-pandemic price!!
still $2.79-$2.99 in my area!
Election year gas is something else.
Long time no see😂
Yeah, I don't think they could sell it for $150k - $200k "so fast". They are probably undervaluing it a bit, but not nearly as much as you are overvaluing it.
Actually I wonder if because of the contract if Carmax or any purchaser could loose the vehicle.
Also what happens if it gets in an accident and totaled ? Who will own it then ?
It’s a mass produced vehicle with problems. 1st Gen, polarizing, quality issues, and it was originally FOMO. But folks are dropping their prices at auction/sales. So no reason why Carmax should set the market high. $76k might be a little low, but anything over retail would be idiotic.
….of course they are going to quote that price, not to mention the 1 year ownership contract they have to go through in order to outright buy it
Interesting video. Welp, they can offer whatever they like. That said no one is going to sell it to them at this point for that price. If you bought it outright you would likely not be so desperate to sell this soon. And if you financed you would be upside down if you sold at such a huge lost. The only people selling this early are those motivated by a large profit, so the lowball offer will leave you waiting without a truck. It simple supply and demand.
“Fans are rushing over”😝
Dude, it’s the truck relax.
Less than 600 in the world? I’ve seen them everywhere in Vegas and So CAL. I’ve probably seen 50% of all the cyber trucks
Title: Selling the cybertruck
Me: Good. Maybe you'll buy a car powered by a magical liquid called petrol next
Dinosaur juice?
you lead us to think it would be 150 lmao
Being a Diabetic , that Cookie would put me in the hospital. Damn that looks soooo good 😮😮😮 5:02
Holy crap are you gonna get one?
Not at all surprised that CarHacks would offer half of what they can sell it for.
That guy in Vegas must have been Musk! 😂
I guessed 80,000 but was still a bit surprised. How does it compare to a Rivian R1T. I definitely prefer the design of that car.
Try loading the cyber quad
The prius pulling up 10/10 pull up NEW TREND RATE PRIUS PULLING UP!!!!!!!!
Tesla selling the Cybertruck reservations was easy! Just tell everyone that it will cast 79k, seats six,pulls 14000lbs and have a 500mile range! Also hint that it will awesome off road and show them a really cool tail gate that extends into a ramp. Millions of people will buy that no doubt. Who could resist?
Elon says psychic!
When they realized it was not going to conform to the pipe dream, they could have revised the stats well before the release, but they didn’t. Why would that be? They must have known that the 4680 battery was not going to be the super battery they said it would be. They should have know that they truck wouldn’t go very far on a charge on the highway. They should known they were not going to produce that tailgate? But they kept silent. Wait though, around the same time, Capt Elon said publicly that people don’t need more than 300 miles of range, so we should have known what was coming?
If I wanted a truck with the advertised attributes that Tesla advertised, I would go elsewhere. No I could not get them all in one truck, but you can’t get any of them with Tesla.
The CT doesn't even sell for over 150.000 anymore on auction sites, why do you think you'd get more than that?
I was expecting at least 85,000 😳
I was expecting 89k lol
Can you do a follow up video on the (FREE) Tesla Roadster ur going to get (someday)?🤔WHEN?
Roadster is never coming out. Tesla will just never actually admit that.
Oh wow..a business that sells used cars gives you a lower than what its worth offer... Imagine that!
im ok with no sell/ first rights sell contracts... reduces unecessary aftermarket pricing which can actually inflat the sell price of a products.
😂 I guessed $80,000! 😂 Yeah, it MIGHT be easier to sell your car to them, BUT, you definitely won’t get top dollar! They have to, are going to, make their profit off of reselling it. Exactly how a dealer would rip you off when trading in your car to buy a new one off their lot.
Not shocked about the $76k. Look at the other Tesla “high end” vehicles. Massive price drops on new ones. Used Tesla market is dropping hard.
What does PR mean?
I’m glad they only offered 76k
Anyone told Dan he look's like Mark Hoppus but back in 90's ? :D
They accepted to give an estimate just to have the chance to drive it lol
I do not think there is a NO SELL order for a year anymore. Tesla took it out. Did they put it back in?
Geez I live few miles from here 😂
Yea they’ll only give me $6 for my ELR and there is only 2000 in the whole world
It's probably a legit offer. I wouldn't pay the mark ups for a Cyber Truck right now. They are going to likely drop like a rock in a year. If you had to look at it that way then 76k is probably decent and close to MSRP or for lack of a better word what MSRP will be.
Tesla's goal is to ramp production and drop the price and still profit. You're actually over paying getting one now but I'll bet CarMax could sell it for a decent amount quick now. It just won't stay that way and if they are honest they won't charge a ton lol. CarMax has generally been pretty fair. Or at least most locations.