Selling a Decade-Old Vehicle: Understanding the CarMax Policy
: The majority of older or high-mileage vehicles are sent to CarMax’s own wholesale auctions . These auctions are held at many of their stores and are attended by licensed neighborhood dealers who buy the cars for their own smaller lots. does carmax buy cars older than 10 years
When you sell a car older than 10 years to CarMax , it rarely ends up in their consumer-facing inventory. Instead, these vehicles follow a different path: Instead, these vehicles follow a different path: :
: While rare, CarMax may keep an older vehicle for retail if it is in exceptional or "mint" condition and has low mileage. Generally, however, there is a "soft limit" for retail at 10 years and a "hard cut-off" for their website inventory at roughly 13 years. Valuation and Offers While the retailer primarily stocks its sales lots
CarMax is well-known for its promise to buy "pretty much any car," a commitment that extends to vehicles older than 10 years. While the retailer primarily stocks its sales lots with "late-model" vehicles—typically those under 6 or 10 years old with fewer than 100,000 to 130,000 miles—they maintain a robust system for purchasing older cars that do not meet these retail standards. The CarMax Buying Philosophy