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Smart Shopper Carmax - What's Your Experience?
762 messages, Last post on Nov 14, 2009 at 11:37 AM
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Which book Carmax uses to appraise cars, and how far back of that book they’re shooting in their appraisals?
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Replying to: basscadet (Feb 15, 2006 5:42 pm) So If I were a financing buyer (which is the majority these days), I would take the CPO warranty (powertrain, and in some cases bumper to bumper), with the lower interest rate. Just my opinion.
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Replying to: 1racefan (Feb 16, 2006 5:06 am) That is an excellent point. The lowest rate I've seen through any of Carmax's banks (and you certainly do not have to use them, in fact, Carmax doesn't care if you use your own bank...they make no $ on the financing) is about 6.9%. Last summer it was around 5.9%.
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Replying to: exb0 (Feb 15, 2006 6:39 pm) The books are simply not accurate.
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basscadet, so why did you leave Carmax? Mackabee
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Replying to: basscadet (Feb 16, 2006 5:05 pm) If I were to go to a Carmax on Saturday (say my bank is closed, and I go there on a whim) and see a car I just gotta have. I know that my bank's current interest rate on auto loans is X%, and it ends up that Carmax can't touch the rate. What is the Carmax policy on holding vehicles? Would they take a nonrefundable deposit from me to hold the car until Monday (when my bank would reopen)?
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Replying to: mackabee (Feb 16, 2006 7:43 pm)  It's very, very tough.
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Replying to: 1racefan (Feb 17, 2006 9:50 am) Carmax will not hold cars. There are just too many flaky customers and honestly...Carmax cars sell much quicker than the average dealer can sell his. This is due to the online transfer system they use. Carmax cars last on average 12 days on the lot. But what they will do is allow you to drive off the lot using their financing, then coming back within 3 days with a check from your bank to pay off the loan. If for some reason your bank is dragging their feet and you don't get your check that quick, just return the car with their 5 day return policy.
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Replying to: basscadet (Feb 21, 2006 5:58 pm) I have had some good salespeople candidates who didn't make the jump because of comission fears. It's understandable. OTOH, I could never be happy with the same check every week...I know that if I work hard I get more and if I work really hard I get alot more income...it's nice to give yourself a raise when you need it!! |
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