To Buy a New / Trade in a Car in 2021-2022; What You Need to Know, Crazy Car Market (+ response)

As of this publication, 2021 used car prices are inflated by about 26% over last year. 2022 car prices and trade-in valuations will certainly be impacted by this as well - although to a lesser-known extent. Either way, it’s imperative that you take your time to shop around. Knowledge is power.
Here’s my video from 2 years ago: • Carmax Wants to Buy My...
I made the mistake of mentioning negotiating trade in values from Carmax. I meant that you’d take the offer to use it as a negotiation tool elsewhere. This is a response to that video and the comments.
- Edmunds Cash Offer Tool: www.edmunds.co...
- Carmax Cash Offer Tool: www.carmax.com...
- Inflation Study/Source: www.iseecars.c...

[@zeme0556]

I took my 2020 F150 into Carmax and got an appraisal. They offered me $39k and said the offer was good for trade in value or they would write me a cheek for $39k

[@NathanAdamsCars]

Did you end up selling it to them?
They told me to do it online and bring it in when I was ready. They wouldn’t give me an appraisal on the spot, for some reason - but I think it was when this was first changing over to the new Edmunds thing

[@zeme0556]

@@NathanAdamsCars After looking at Car Max for a week, I found the truck I wanted and used mine as a trade in and only had to pay $4k difference. It saved me about $1k in taxes.