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Does CarMax Buy Salvage Title Cars?

2 years ago

Chances are if you’re reading this blog post, you have a vehicle that is completely totaled, good for nothing but gathering dust, and you are trying to figure out what to do with it. You're probably thinking that selling your salvaged car to CarMax is a great idea.


Your insurance company may have written off that car, but that doesn’t mean you can’t still get some money from it. Believe it or not, there are plenty of people who want to buy exactly the kind of car you have.


Free up that space in your garage, and sell that vehicle!


There are a few options available for you. Keep reading to hear more about selling opportunities available to you.


What is a salvage car?


Your insurance has deemed your car totaled, but is it considered salvage?


Cars with damage that cover 75% - 90% of its total value are issued salvage titles. Damage may come from an accident, fire, and flooding, among other things. These vehicles still may have usable parts, but they are not functioning as a whole.


In other words, a salvage vehicle is one that needs more repairs than the car is worth. 


However, every junk car still has some hidden value. 


Should I Sell My Salvaged Car To CarMax?


First things first: let’s consider the benefits of selling your salvage car. 


Selling your unusable vehicle is the easiest option for many people. While we understand that there may be a personal connection to your vehicle and you may want to repair it, it is often far simpler, lucrative and logical to sell your vehicle rather than try to tinker with it yourself. 


When selling your salvage vehicle, you get the money for it immediately, with very little time and effort on your end.


Here's Where CarMax Comes In


CarMax specializes in used vehicles that are still operational, though they will buy a vehicle in nearly any condition. For cars with extensive damage or a salvage title, CarMax will likely resell it at a dealer auction.


While CarMax is good for many things, it may not be the best option for selling your salvage vehicle if money is what you’re after. 


The company does buy used and damaged cars, but customers have said that they tend to make offers that are far lower than what you may be able to find elsewhere. A former CarMax employee said that if a car has a salvage title, their price range is generally $200-500.

Additionally, while they will buy a salvage title vehicle, the CarMax website has no information about how to sell your salvage car, making the process more confusing.


Junk That Car


If companies such as CarMax won’t buy your car, Junk That Car is a great alternative.


Junk That Car specializes in buying cars that have extensive damage, including body damage, engine problems, and vehicles with salvage titles. Junk That Car buys vehicles of all years, makes and models.


Junk That Car is fully licensed, and buys cars from around the United States, ensuring you are in good hands. 


While service may vary by location, customers who have sold salvage vehicles to Junk That Car have left a large majority of positive reviews, saying that the process was quick and easy. Customers have said they were offered a fair price (and that cash went straight to the customers wallets). 


Additionally, if your vehicle isn’t able to drive, Junk That Car will schedule a pickup at a location of your choosing, simplifying the process further. Plus, they offer free junk car removal.


If Junk That Car is unable to buy your car for any reason, they will connect you with sellers who may better fit your needs. 


How to sell your salvage car to Junk That Car


You can call at (888) 671-6162, or you can visit and fill out the form to receive a free quote. All you need is the make, model, year, and mileage of your car.


Available staff will further help you with the sale of your salvage vehicle. Couldn’t be easier.


Other Options for selling your salvage title car besides CarMax or Junk That Car


There are other options for selling your salvage car, including Craigslist, local salvage yards, or even your insurance company. 


However, you want to be extra careful when dealing with these other avenues. They may not be able, or willing, to give you top dollar, and some private party sales may actually be illegal.


This doesn’t mean you can’t find a good option for you by taking this route, you just have to put in a little more time and dig a little deeper.


The most important thing is to do your research before committing to a deal. 


Next Steps


Get out there and start looking around! There are many options for selling your salvage car -- take your time finding the best option (and best offering price) for you!


So, what are you waiting for? Get that car out of your way, and get some cash in your wallet. 

Get a Free Quote, Contact Us Now

Fill out the form below and we will give you a fast offer for your vehicle. We buy cars in any condition, running or not. The quote is INSTANT and we operate 7 days a week.