Just picked up a cheaper lease, and looking to capitalize on equity to sell out my current lease of may '19 Kia Niro. Got a very good offer from Carmax, and it seems to be easiest/most reliable for quicker buyout to Kia, while cutting me a check on the spot. I should have roughly $2K in equity per their offer that was verified in-person inspection.
I did the online offer via Carvana it is a crazy $1K MORE than CarMax. Question though, is it worth the hassle, or does it take any longer?
I am less worried about the money difference and more about getting the lease/liability off my name quickly.
Then nothing will beat closing the deal on the spot.
All the online-only services will take longer. Even when their process works optimally. And if something requires reaching a human on the phone for an answer, that itself can be a wait.
They handed me a check for the equity when they came to pick up the car. Had me sign some paperwork and then a tow truck came by later that day to take the car away. It’s an incredibly easy process.
I got a call from them after using the KBB Appraisal Tool, along with a few other smaller local dealers. They are located in Cerritos, in the mix of the Cerritos Auto Square.
Try the car trackers. They are local in Placentia and will beat carmax written offers (maybe others too?). I did a Google duo walkthrough on the vehicle with them, sent them a copy of the written offer, and they beat the price on the spot. They come to your house to pick up. They said they will Zelle the equity amount before they show up at your house. I haven’t actually used them yet but it doesn’t seem to get any easier than this.
