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Carmax - What's Your Experience?

763 messages,  Last post on Nov 14, 2009 at 11:37 AM

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What is this discussion about? Car Leasing, Car Financing


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#688 of 763
Re: Carmax Price still not negotiable? [dhogue1] by joel0622
Dec 12, 2008 (4:18 pm)
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Replying to: dhogue1 (Dec 12, 2008 1:55 pm)

In light of Carmax's weak financials, are they still non-negotiable?
 
Yes, they are still charging $20K for a car you could go to any dealer in town and buy for $17K.
#689 of 763
Re: CarMax is not what it appears to be, in any way [MarkClyde] by andeet
Dec 12, 2008 (10:49 pm)
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Replying to: MarkClyde (Dec 11, 2008 8:34 am)

If you have read my posts throughout the whole tread. You'll notice I've been Carmax customer since '06. I've done service, I bought two new Scions, and I even tried employment.
 
I will tell you. I thought there was some thing fishy about few things. One, 1 out of five sales consultants have been there more about a year. And when I came back in the future, MORE new consultants were there. Second, I dealt with three different service consultants. Two of three were doing more "Aggressive" consulting while the other "Hey you can afford the 400.00 warranty work? I understand." Third, some of the 40-somethings don't like it when they see a early 20's female who works in a warehouse that makes $35k a year. Blows the extra cash on the car!!! While they are barely getting by." I was at the local Carmax few weeks ago...I got bothered by a sales consultant wanting a insider input about employment at my employer.
 
I did get appraisal for my 100k '07 Scion tC; back in September. I have scanned the price. LOL!!!
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LOL I can still sell my high mileage tC to high school student for almost $3K more than that!!! LOL They claimed everything was in good shape including the no tread tires, two summers & two all seasons, and the very nice dented wheels caused by hitting a nasty pothole. I also know that the engine and transmission is worth double that on the streets. LOL
#690 of 763
Re: Carmax Price still not negotiable? [volvomax] by dhogue1
Dec 17, 2008 (1:54 pm)
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Replying to: volvomax (Dec 12, 2008 2:36 pm)

From what I have read, they are losing market share to outfits like AutoNation, et. al. They could move more cars if they were more open to accepting any reasonable offer instead of trying to make a certain profit margin on every deal. I guess if they reprice inventory as it ages like they will eventually move a car. In this market, I just don't see how they stay competitive. However, I'm certainly not the expert you are.
#691 of 763
Re: Carmax Price still not negotiable? [dhogue1] by andeet
Dec 19, 2008 (11:16 pm)
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Replying to: dhogue1 (Dec 17, 2008 1:54 pm)

Have you been doing inventory searches lately on their site?
 
Well, I've been thinking of buying used Scion xA? For the past two days, I've been getting bonus' from work that I could easily use for a down payment. First, they had black 5-speed in Indianapolis. They were asking $10,600. Second, they have silver 5-speed in the Chicagoland area for $10,800. Third, they have silver automatic for $11,200 at another Chicagoland location. Before we got into the recession, Carmax was least asking high 12,000s and low 13,000s for these xAs.
 
But the good side of me decided to pay off other debts with the bonus money and decided to save up for the whole stick tag money. Walk in to a dealership with it and buy it in cash; next year.
 
The carmax near me sells new Toyotas....You go to the used side and see base '08 Corolla for 18,000-ish then you go to the new side then you see new '08 Corolla for 16,000-ish. I get a kick when seeing that. lol
#692 of 763
Re: Carmax Price still not negotiable? [andeet] by Zombiefcuk
Dec 21, 2008 (9:28 am)
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Replying to: andeet (Dec 19, 2008 11:16 pm)

Curious...
 
I know there are like 70 pages of posts, but I can't seem to find an answer to my question.
 
How can CarMax sell a "NEW" car for like $5,000-$8,000 LESS than the dealer does?
 
I've tried to get the answer out of the sales staff at a few different locations, but they won't say anything. They just keep saying, "Come on in and I'll give you an ever BETTER deal than what the internet price shows."
 
Are the "NEW" cars being sold, factory rejects? Had some damage on the way to the dealer?
 
?!?!?!?!
#693 of 763
Re: Carmax Price still not negotiable? [Zombiefcuk] by snakeweasel
Dec 21, 2008 (10:19 am)
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Replying to: Zombiefcuk (Dec 21, 2008 9:28 am)

How can CarMax sell a "NEW" car for like $5,000-$8,000 LESS than the dealer does?
 
Can you cite an example? I have seen low mileage used cars at CarMax priced within a thousand or two of what the same car goes for new.
#694 of 763
Re: Carmax Price still not negotiable? [snakeweasel] by Zombiefcuk
Dec 21, 2008 (10:38 am)
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Replying to: snakeweasel (Dec 21, 2008 10:19 am)

This vehicle:
 
http://www.carmax.com/enUS/view-car/default.html?AVi=0&id=5578400&N=4294967066+4- 294967054+4294966639&D=90&zip=90069&sY=2008-NA&No=0&Ep=Homepage%20Type&Rp=R&PP=2- 0&sV=List&Us=6&CD=203+10+14+240+190+15+8+9&Q=61bf39d7-71dc-4303-927c-83b0e647718- e
 
Brand new at the Jeep dealer, it would $30K or more.
#695 of 763
Re: Carmax Price still not negotiable? [Zombiefcuk] by exb0
Dec 21, 2008 (2:20 pm)
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Replying to: Zombiefcuk (Dec 21, 2008 10:38 am)

You can get this price from most other Jeep dealers. You just have to negotiate for three hours and walk away twice to get this price. Carmax just advertises low price on new cars up front.
#696 of 763
Re: Carmax Price still not negotiable? [Zombiefcuk] by snakeweasel
Dec 21, 2008 (8:26 pm)
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Replying to: Zombiefcuk (Dec 21, 2008 10:38 am)

Brand new it would sticker at just above 31K. But what would be the sales price. A quick check at Fitz mall and those things are going for 4-5K under sticker. My guess with very little effort you can get a similar price elsewhere.
#697 of 763
Last week....this puppy was $49,998 by andeet
Dec 22, 2008 (3:52 am)
Reply

 
Now they are asking $48,998. lol
 
Since it doesn't have three bedrooms and bath 1/2. I think I'm going to pass that small deal LOL

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