If you've ever taken a car to CarMax and wondered how the company arrived at its trade-in number, there's more going on than simply plugging the vehicle's year and mileage into a calculator.
CarMax says its appraisal process considers the car's specific year, make, model, mileage, features, condition, history, and use. It also looks at market conditions and sales performance, while internal and third-party vehicle-history information can help identify problems that affect the offer. Here's what actually goes into that number.
