Re: Carmax ...MaxCare...SCAM ????
Posted by:
Mystery play
()
Date: October 17, 2018 02:10AM
I'm not reading all the above posts. But, I can tell y'all that as someone who has been involved in the wholesale and retail sides of the car business, I can promise y'all that CarMax is for the impulse, emotional car buyers whom are easily taken advantage.
1. Nearly EVERY car is bought at an auction. This immediately indicates the dealership either couldn't sell it or it has problems that they don't want. The painters and services tech's will tell you the horror stories of what they have to do to put bows on those pigs you're looking to buy.
2. So, you find that pig but it's shiny and you want it, right? Well, you inability to negotiate is going to cost you at least $2k if you pay cash or have your own financing. If it's a popular car and they just bought it, you will likely pay $3-4K above market pricing. Pay with their financing AND buy their extended warranty & by the time it's paid off & you'll overpay $5-7K.
3. So, what DO YOU DO? Be flexible. Use CarMax to find the cars you like. Test drive & shop for the features you like THEN LEAVE!!!!!! THEN, shop online for the same model on the manufacturer's used car lot. If you want a great warranty & reliability, stay away from ALL Fiat/Chrysler/Dodge/Ram models. PERIOD... PERIOD... DO NOT DO THAT.... PERIOD.
Look at those factory CERTIFIED used cars. The dealership pays about $700 to enroll each car into their factory certified program & the requirements are strick. You can be sure those cars are cherry and the most reliable units in the market.
4. Make sure you note every option and feature & mileage. Then go to KBB. COM... Select, how much is my car worth? for that car, you want to find out an estimate for what they paid for it. So ONLY look at dealer trade-in value...
Take a 2015 Toyota Camry, if the trade in Value is $14k, their going to offer for sale at $18.5-19k... Certified cars will get great financing rates. So, if your goal is to allow $1k profit, they'll likely take the deal if you also agree to fininance with Toyota, too.
Anything short of that, be polite and leave. Expect that they'll call you back & accept your offer. Wait until the last day of the month & this will work 95% of the time.
Good Luck!!!!