21–30 of 115 posts
If I go to Carmax I know what I’m getting — a standardized but low-balled price for my car and no hassle. My time is worth money and the car buying experience is fucking miserable.
I've been amazed at the cars Carmax were willing to buy off of me. I tend to drive cars until the wheels are falling off, so it may be different for cars with more value.
Saving few bucks but risking having a car with problems is not worth it. This is where CarMax provides most value.
Interestingly couple years ago a BMW dealer offered me $2500 more for trade in of my 2014 5 series than what Carmax offered. Since then I always try to double check what other dealers offer
Carmax makes a ton of money because they bring new meaning to "low-ball" when they offer to buy your car. Go see what they'll offer you for a car just as a test, then go look up your car value on KBB, edmunds, anything. When I sold my last car, they offered me $2k and I ended up selling it the next week for $7k. Carmax goes after people who are either too lazy to sell it themselves or too desperate and need the money…
Carmax makes a ton of money because they bring new meaning to "low-ball" when they offer to buy your car. Go see what they'll offer you for a car just as a test, then go look up your car value on KBB, edmunds, anything. When I sold my last car, they offered me $2k and I ended up selling it the next week for $7k. Carmax goes after people who are either too lazy to sell it themselves or too desperate and need the money…
That's a classic used car tactic, and it's amazing how folks still become fixated on the price they'll be able to buy something for without realizing the price difference will come from the amount they receive from their 'trade-in.'
Interestingly couple years ago a BMW dealer offered me $2500 more for trade in of my 2014 5 series than what Carmax offered. Since then I always try to double check what other dealers offer
This is how carmax works. They’ll never give you the best offer, just a convenient process.
Earlier quoted context omitted.
That's a classic used car tactic, and it's amazing how folks still become fixated on the price they'll be able to buy something for without realizing the price difference will come from the amount they receive from their 'trade-in.'
Trade in, also financing.