Selling car to carmax with DCU auto loan

Amdocs hXdX75
May 29 10 Comments

I have auto loan on my car and I have to sell it off. I went to carmax to get it appraised. Their offer seems reasonable. Do they take care of transferring the title and everything? I have to leave the country in 10 days. I’m planning on selling them the car tomorrow. Will they payoff the loan and give me a check for the remaining amount since the cars value is more than outstanding loan ?

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TOP 10 Comments
  • Pandora Fhska
    Check out Shift, in my case, they beat carmax's appraisal by $2k. My experience was super quick and easy. Their person came to my house, appraised the car, did the test drive, filled in all the docs and was gone within an hour.

    To answer your question, carmax should do everything in terms of loan and title.
    May 29 2
    • Deloitte broadway74
      Shift is only in ca and or
      May 29
    • Apple highwayman
      Shift is awesome! I sold my car to them it was a great experience
      May 29
  • Amdocs hXdX75
    OP
    Sounds good. I’m hoping carmax does the same. I’m ready to sign off as long as I’m hassle free since I need to leave the country soon.
    May 29 1
    • Nvidia wooh!
      Yeah carmax will do the same. You should be out of Carmax within an hour at max.
      May 29
  • Nvidia wooh!
    Yeah they do take care of everything. I got a better rate at Vroom (4k more than Carmax and 2k more than carvana) so do check them out as well. Everything went very smoothly. They will send out 2 checks, 1 to DCU marlborough and the other to you. They will ask for a a 15 day pay off loan letter from DCU which you can get from your account.
    May 29 1
    • Amdocs hXdX75
      OP
      DM’ed you for some details
      May 29
  • Apple vcgh
    Yes they will take it and do all paperwork
    May 29 0
  • Amdocs hXdX75
    OP
    Will DCU send the title to me or directly to carmax ?
    May 29 1
    • Nvidia wooh!
      They will send you a legal document to grant them Power of Attorney on your behalf. So RMV will send the title to them ( Talking about Vroom) . In MASS the bank only hold an electronic title.
      May 29

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