Paul B.

We did an online appraisal of our 2020 (Mint condition) G70 Turbo Elite AWD fully-loaded Genesis with only 26k miles and received a low-ball offer of $27,000. We took it to a nearby CarMax to have the price verified and then sent away for the car title as we went on a two-week cruise. Upon return, we went back to CarMax with title in hand and they said they had to appraise the car again. I thought... "great, maybe this time they'll give us a more reasonable offer". Nope! Apparently if you're not ready to accept their offer CarMax has some formula that will depreciate the value of your car by some percent. In our case, it depreciated by $2,000 in less than 3-weeks! I would understand if due to supply and demand, there was a glut of pre-owned 3-yr old Genesis' in perfect condition arrive in the market but No just the opposite. You can't find a luxury vehicle in Indianapolis for under $35k (and you're offering $25k?) that's lower than KBB Black Book value - especially a car that cost me $45k new! I was warned about CarMax but I gave them the benefit of the doubt. Stay away. Stay away. Stay away. Deceptive practices at hand.