Carmax ripoff MaxGouge MaxProfit Orlando Florida

consult NADA as a good start. Visit your library. Even better is a regional guide. Here, it is The Carolinas Black BOok. Forget CarMax 'pricing'.

Average loan value is the most you will get for a trade. Average wholesale is about the best you will sell for privately. All buyers want a bargain, and a private seller is not a dealer.

Remember, selling anything expensive can be a pain, and there are a lot of miricle seekers, curosity seekers, and people with little better to do with their- or your- time. If you only attract solid buyers you are doing very well.

Carmax offers a FREE appraisal for your vehicle, be happy it's at least that. Tons of people sell their vehicle to carmax every day, you either like the offer or not its cut and dry. The way they price your vehicle is purely on the market. If they can buy your rink a dink 10 year old car for 1200 at an auction, they're not going to pay you 5,000 for yours, get realistic. and a 1986 honda accord for 3 grand? your VERY fortunate you got that much out of it.

Yes carmax is also a lender, they also use wells fargo, citi financi, triad, capital one, bank of america, etc etc...customers have the option of going to any bank, but typically carmax auto financing carries the best rate, so it's solely up to the consumer weather they want to pay more or less a month. and theres no possible way there would be a 14,000 gap between us buying a vehicle and selling it.

If we price a vehicle at a price then we may lose money on it, if a car doesnt sell within a time frame we must lower the amount. Be realistic to your expectations is all i have to say, theres customers that come in expecting retail for their vehicle, get a clue...

p.s. if your car is a stinker we auction it off anyways especially if its topping over 7 years old we're careful

Carmax offers a FREE appraisal for your vehicle, be happy it's at least that. Tons of people sell their vehicle to carmax every day, you either like the offer or not its cut and dry. The way they price your vehicle is purely on the market. If they can buy your rink a dink 10 year old car for 1200 at an auction, they're not going to pay you 5,000 for yours, get realistic. and a 1986 honda accord for 3 grand? your VERY fortunate you got that much out of it.

Yes carmax is also a lender, they also use wells fargo, citi financi, triad, capital one, bank of america, etc etc...customers have the option of going to any bank, but typically carmax auto financing carries the best rate, so it's solely up to the consumer weather they want to pay more or less a month. and theres no possible way there would be a 14,000 gap between us buying a vehicle and selling it.

If we price a vehicle at a price then we may lose money on it, if a car doesnt sell within a time frame we must lower the amount. Be realistic to your expectations is all i have to say, theres customers that come in expecting retail for their vehicle, get a clue...

p.s. if your car is a stinker we auction it off anyways especially if its topping over 7 years old we're careful

Carmax offers a FREE appraisal for your vehicle, be happy it's at least that. Tons of people sell their vehicle to carmax every day, you either like the offer or not its cut and dry. The way they price your vehicle is purely on the market. If they can buy your rink a dink 10 year old car for 1200 at an auction, they're not going to pay you 5,000 for yours, get realistic. and a 1986 honda accord for 3 grand? your VERY fortunate you got that much out of it.

Yes carmax is also a lender, they also use wells fargo, citi financi, triad, capital one, bank of america, etc etc...customers have the option of going to any bank, but typically carmax auto financing carries the best rate, so it's solely up to the consumer weather they want to pay more or less a month. and theres no possible way there would be a 14,000 gap between us buying a vehicle and selling it.

If we price a vehicle at a price then we may lose money on it, if a car doesnt sell within a time frame we must lower the amount. Be realistic to your expectations is all i have to say, theres customers that come in expecting retail for their vehicle, get a clue...

p.s. if your car is a stinker we auction it off anyways especially if its topping over 7 years old we're careful

Carmax offers a FREE appraisal for your vehicle, be happy it's at least that. Tons of people sell their vehicle to carmax every day, you either like the offer or not its cut and dry. The way they price your vehicle is purely on the market. If they can buy your rink a dink 10 year old car for 1200 at an auction, they're not going to pay you 5,000 for yours, get realistic. and a 1986 honda accord for 3 grand? your VERY fortunate you got that much out of it.

Yes carmax is also a lender, they also use wells fargo, citi financi, triad, capital one, bank of america, etc etc...customers have the option of going to any bank, but typically carmax auto financing carries the best rate, so it's solely up to the consumer weather they want to pay more or less a month. and theres no possible way there would be a 14,000 gap between us buying a vehicle and selling it.

If we price a vehicle at a price then we may lose money on it, if a car doesnt sell within a time frame we must lower the amount. Be realistic to your expectations is all i have to say, theres customers that come in expecting retail for their vehicle, get a clue...

p.s. if your car is a stinker we auction it off anyways especially if its topping over 7 years old we're careful

I dont think any other dealership actually will buy your car if you dont buy one from them. I dont know why you would get so upset from a free offer to sell your car with a no questions asked policy. All you wasted was the time it took to get it appraised. As far as the financing you can get outside financing from your own bank and take it to a dealership but if you dont you can always use the dealers and if you dont like the rate use a credit union.

What I have found out is this. Dealers like Carmax also have their own "bank" or what is known as a captive lender.

These lenders will finance just about anyone under certian conditions and will "loan" way way above standard values for the vehichles of theor preferred dealer.

The result is Carmax can sell a $1200.00 wholesale valued car for a "no-haggle, final national average selling price" of $7995.00!!

After the consumer has paid on this car for 3-4 years and has taken it to try to trade at every dealer in town, they find out they are so "upside-down", owing much more than the car is worth, there is no choice but to go right back to Carmax!

And the Game continues.

Once upon a time we had an' 86 Accord in A- condition. NOTHING wrong mechanically. Wanted a new CR-V. Knew trade-ins never pay what the car is worth. Asked anyway. Was offered $800. Sold the car a week later after a careful wash and detail job for $3000 through the newspaper.

Bought our new CR-V and immediately regretted the payment (where our old car was paid for). Still have the CR-V 6 years later and 108K miles later. Still perfect never any repairs, just change the oil, 1 set of brake pads, 2 sets of tires. Shooting for 300K miles.

CarFax wasn't being dishonest, just par for the course. Trade-ins are a money maker for any car lot and a convenience for anyone who doesn't mind forgoing half the resale value of their car in the name of convenience. Frankly for the amount of time I spent selling our cars over the years I was making about $1K an hour to clean, advertise and show them to buyers. Think I stick to private sales.