At the end of the day, when it comes to buying a used car, CarMax might be the best choice for many drivers. You can take your vehicle to a CarMax location to have it inspected. Team Clark has explored the process of buying and selling vehicles with CarMax compared to other methods. CarMax, A place with lots of used cars! “It was so easy,” she says. I’d dealt with that whole trade-in thing before, and I honestly felt like I’d been screwed over when I saw my former car for sale for a whopping $5,000 more than the dealer had given me for it. Specific … How Does Carvana Work? It always helps to have a little money in the bank. If CarMax makes you an offer, you’ll have seven days to decide whether you want to accept it. There, you'll get an interactive 360-degree view of the actual vehicle in stock, along with multiple photos of the interior. Even if your local store comes recommended by most reviewers, you should follow your gut when it comes to whether you want to buy there or not. Instead, CarMax would list the Model S for sale at its own auction. “Since then, we have had nonstop issues with the sensors in the car as well as recurring issues with the catalytic converter. As you can see, with the first two vehicles the prices are pretty similar. Terms of Service I went to the car and found it locked. One of these issues was a revving sound when the car went downhill, which CarMax claimed they didn’t hear and therefore couldn’t fix. log in to manage your profile and account. When I upgraded my tiny green 2012 Mazda 2 hatchback to a larger Subaru Outback to accommodate my child and her immense amount of stuff, I decided to check out CarMax to sell my car rather than trade it in at the dealer. If you don't, you can return it for a full refund. But as with any transaction, you could have a negative experience. CarMax claimed to have fixed it but Van Sickle still has issues with the driver seat belt, which gets stuck in the door frequently. In hindsight, I should have taken it back for a refund within the first 30 days when the minor symptoms first presented themselves.”, “I love the car, when it works,” says Van Sickle. Instant Cash Offer; Cars for Sale. And if it passes muster, you'll get an instant cash offer. CarMax offers a convenient way to buy and sell a car if you're not willing to do extra work to score a better deal. By writing a dealer review, you can provide valuable insights to other customers. Don’t forget that if you buy a car from CarMax, you have seven days to change your mind for any reason. In my case, CarMax's financing terms were the best I found. In fact, Carmax's annual sales (retail and wholesale) exceeded 1 million units for the first time in 2016. These are “older cars,” meaning that they’re over 6 years old, and may have higher mileage than other vehicles. That made the process even easier. However, the company also has what they call ValuMax vehicles. You'll find a brief form where you enter your car's make, model, model year, and mileage. Short Answer: CarMax offers a variety of financing options through lenders like Ally Auto Finance, CarMax Auto Finance, and Santander Consumer USA. Selling your car has never been easier or faster. Today, the company is working hard to keep up with the competition (chiefly Carvana) and remains a great option for easily buying or selling a used car. That policy is intended to simplify the process for people who don’t want to spend hours at a dealership dickering over prices. “There were red flags with the car that we overlooked because of the stress in our lives at that time,” says Van Sickle. And if it passes muster, you'll get an instant cash offer. If the specific car that you want isn’t located in your area, CarMax will bring it to you. Their offer was much higher than CarMax. You can take your vehicle to a CarMax location to have it inspected. Unlike CarMax, Roadster actually puts your car up for auction, soliciting offers from dealers and wholesalers. And if it passes muster, you’ll get an instant cash offer. Carvana also … Roughly an hour later, I had an offer in hand. In this article, we’ll look at how CarMax works and what the process is for buying and selling cars. Or you can buy it and have it shipped to the CarMax location closest to you. I know that hasn’t been everyone’s experience, but I would definitely do it again.”. CarMax offered us $79,000. You also get a 90-day or 4,000-mile (whichever comes first) limited warranty that covers your car’s major systems. With its extensive digital catalog of cars and brick-and-mortar locations, CarMax has created an empire for the easy purchase and sale of used cars. I went to the dealership to look at a specific car, the person upfront sent me out to the lot and told me where it was. If you decide you like a vehicle, you can schedule a test drive at the vehicle’s location, purchase it, and pick it up at the lot. Original review: June 11, 2020. Her salesman at CarMax called to let her know it was there, and she went in to test drive it with her husband. CarMax will also buy your car if it meets the company’s specifications. Another issue was that the seat belts wouldn’t retract. Learn about careers at Cox Media Group. That offer … However, Van Sickle felt the salesman used their desperation to sell them an overpriced car that ended up having multiple issues. In some cases, CarMax offers delivery to your home. My personal experience with CarMax is fairly limited, though it’s good. “We had issues right away with the car that they ‘fixed,’ or told us wasn’t a concern.”. The warranty is similar, but the vehicles themselves may have dings, scratches or other imperfections. I asked Andrew if Carmax could beat the Carvana quote but he explained that sadly Carmax doesnt beat other quotes but that the Carmax … | Do Not Sell My Personal Information, CarMax brands itself as a hassle-free place to buy used cars, a feature that’s attractive if you want to avoid the haggling that often comes with the territory of car shopping. We DO NOT remove reports. CarMax does offer warranties, and you may opt to purchase an extended warranty. I would recommend this company to anyone." The quote that Carmax gave me for my 2017 Subaru Impreza Limited Sedan with 10,700 miles was $16,000 which was better than the quote that KBB Instant offer was giving me for $12,400 but it was a little lower than the offer that Carvana gave me for $16,019. CARMAX Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported Your Search: carmax. Let's examine CarMax as well as their history. That means you can search for a specific vehicle — a Honda CR-V, say — or a more general category like “Small SUVs.”. CarMax Pros: If you go to a dealership, you can only drive … You can take your vehicle to a CarMax location to have it inspected. If you do sell your car to CarMax, you’re not under any obligation to buy a car from them in return. That offer is good for seven days from the time it’s made. I didn’t have to wait long, and I got what I thought was a fair price for my car. While you can’t beat shopping and buying online for convenience, some people may be more comfortable doing everything in person. Shop various used cars at local dealerships as well to see if CarMax truly has the best deal. Fair Market Range: The Fair Market Range is KBB’s estimate for … You are completely within your rights to ask for a different salesperson if the one you meet gives you a bad feeling. CarMax promises to make buying or selling a used car an easy and stress-free process through its "no haggle" policy. Van Sickle says she was at the end of her pregnancy and desperate. “There was no stress, no pressure to try to ‘beat the offer. Cars for Sale; Sell Your Car; Free Dealer Price Quote; Vehicle History Report; Find Local Dealers; Car Reviews. Used BMW convertibles for Sale - CarMax. CarMax's Bid: $14,000. On the whole, if you’re looking to buy or sell a used car, you really can’t go wrong giving CarMax a shot. For reference, back in … Once there, you’ll find plenty of options to filter your search. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. I cashed the check and used it as part of the down-payment for my new, family-friendly car. Sell your car online with Edmunds. But the one thing I didn’t do — buy a car — is the main reason most people go to CarMax. Enter your vehicle info to receive a cash or trade-in offer. Best www.carmax.com. CarMax will also buy your car if it meets their specifications. Here’s what they had to say. Site info: Best Offers On www.carmax.com. Then they were paying me with what they called a “Bank Draft”. If you’re ready to sell, you can leave with payment in hand. What we owe now on the car is way more than what it would ever sell for.”. - All rights reserved. If that’s the case, you’ll see it as an option. Although she has never bought at CarMax, it remains a possibility should she ever need to replace her beloved Subaru. READ MORE: CarMax Review: 5 Things to Know Before You Buy or Sell. If this is the case, ask to speak with the manager at your store and relay your concerns to see what can be done. A free inside look at company reviews and salaries posted anonymously by employees. That weeklong period to decide is a big deal: It lets you shop your car with other dealers like Carvana or even test the private sale waters with a sure-thing offer already in hand. CarMax has 191 stores located across the U.S., according to its website. Get great ideas about how to build your savings delivered straight to your inbox in The Penny Hoarder Daily. You can take your vehicle to a CarMax location to have it inspected. Get Your Instant Free ... All feedback is from verified customers and was collected by independent reviews site Trustpilot. Susan Hickey, a physical therapist from Dayton, Ohio, had a great experience at CarMax and says she would definitely buy from them again. You can request an Instant Cash Offer from a participating dealer on KBB.com. As with any dealership, your experience will likely depend on the sales representatives at your local store. A free inside look at company reviews and salaries posted anonymously by employees. CarMax will buy your car. Chris Zuppa/The Penny Hoarder, Looking for a Financial Accountability Partner, See more in Save Money or ask a money question, If You Have More Than $1,000 in Your Checking Account, Make These 5 Moves, 9 Quick Steps That’ll Have You Managing Your Money Like A Millionaire, 31 Legitimate Ways to Earn Money Online, From the Convenience of Home, 8 Secrets of The Wealthy That Most of Us Ignore, These 50 Brands Will Fix or Replace Products You Buy From Them, Spending Too Much on Regular Stuff? There may be more reports for "carmax" For more results perform a general search for "carmax" Showing 1-25 of 555 Found Reports For more results perform a general search for "carmax" Wondering if a report is missing? That makes them America's biggest used car dealer group. The company also offers you a full week to drive the car to make sure you like it. The post CarMax Review: 5 Things to Know Before You Buy or Sell appeared first on Clark Howard. That offer is good for seven days from the time you get it. CarMax has more than 200 physical locations located across the U.S., but you can actually do most of what’s involved in buying or selling a car with CarMax online. © 2021 Cox Media Group. If you're interested in selling your vehicle, head here. And if it passes muster, you'll get an instant cash offer. Many people ask this same question over and over again, “Is KBB reliable, accurate and do they offer the highest instant cash offer?” It’s a common question that you’ll find on discussion forums about used cars and the likes. At CarMax, I was able to get $7,000 for my car, which I received immediately by check. Even though Van Sickle’s experience was a negative one, she won’t rule out shopping at CarMax again. “When we bought it in again later they told us it was our responsibility, even though we had the coverage plan with them,” she says. Just like any car dealership, CarMax has customers who had negative experiences during the car-buying process. Once you narrow down your choices and select a vehicle that interests you, you’ll be taken to that car’s profile page. Carmax sets the offer based on a few factors, including: Mileage: carmax does not retail cars with over 130,000 miles. If you’re ready to sell, you can leave with payment in hand. "The manager was great to deal with and made the transaction quick and easy. Another attractive feature for car buyers is CarMax’s offer to buy your old car, regardless of its age or condition. I know, because I purchased one from them last year. This means your vehicle will go to wholesale auction, and carmax generally makes very little on these. At any given time, CarMax has around 50,000 used cars to choose from, according to the company's website. CarMax makes buying a car about as simple as it can get. That’s why it always pays to comparison shop — especially with a major purchase like this. This search gives you access to CarMax’s entire inventory. Before deciding on a dealership, shop around to find the best deal, and don’t be afraid to walk away if necessary. “We walked in and told them what we wanted. If that’s true in your case, you can always head to a CarMax store for a more traditional experience. Of course, you'll want to compare any offer you get from CarMax with other financing options, especially those from credit unions. Description: Used 2015 BMW Z4 SDrive28i for sale - $21,998, 58,563 miles with Hard Top, Turbo Charged Engine, Leatherette Seats, Navigation System, Alloy Wheels, … To see how the prices at CarMax stack up to the competition, we compared three vehicles of different makes and model years. “We found the exact car we were looking for online, and we definitely liked the no-haggle thing,” she says. CarMax Review: Pros and Cons. Give Store Brands Another Look, Enjoy These 6 Cheap Super Bowl Snacks With the Big Game, The Penny Hoarder Issues “Urgent” Alert: 5 Companies Are Overcharging You, Best Cheap Moisturizers for Dry Skin, Plus Tips to Get Relief, Deck Out Your Home for Less With Affordable Decor From These 20 Stores, How to Avoid Getting Ripped Off When Buying a Used Car. “But we definitely feel like we were taken for a ride. One customer, Andréa Van Sickle, a work-from-home mom living in Dayton, told me her story, which was a stressful experience for her family from start to finish. If you’re not sure what you’re looking for, you also have the option to browse available vehicles by clicking “Find Your Car.”. Site info: Best Offers On www.carmax.com. Reviews Be the first person to review CarMax Shreveport - Now offering Curbside Pickup. Kelley Blue Book told me my car was worth anywhere from $6,000 as a trade-in to $8,000 via a private seller. 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