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Old 07-29-2007, 07:28 PM   #1
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carmax. a great business model

Carmax, they are so friendly and appear to maintain an ikea like warehouse store instead of a shady car dealer. no pressure, no haggling, no heavy handed tactics. What you should realize when buying from carmax though.
1. their no haggle pricing is great only for them. it's the highest of the high price you'd pay for a car in that condition. they make it seem nice and friendly, that you're getting a great price so there is no reason to haggle. actually you are paying the highest price possible.
2. their 125 point inspection takes about 10 minutes for one of their mechanics to do. i don't know about you, but I know I couldn't check a used car out that quickly.
3. financing. same thing. no haggling, no shopping around, you just get the quickest easiest most expensive financing they have.
4. warranties, as far as i could tell, are serviced by them and them only. would you really want your porsche worked on at a carmax? there aren't even really that many carmax locations to go to either.
5. selling a car to carmax. they offer you well below even kbb trade-in value. obviously they have to make a profit, but that is just too much of a price to pay for friendly service and convenience.


so basically, the carmax business model is great for them, because they make as much profit as slimy used car salespeople, but in a happy friendly environment. they take your lunch without you even knowing it.

so ummm, no. i wouldn't buy from carmax. better deals to be had. and better to inspect your potential purchase yourself or by someone you trust. carmax works on moving lots of cars.
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Old 07-30-2007, 07:28 AM   #2
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I have bought from Carmax with a good experience. Yes they do weed out the lemons pretty well. The experience is fast, low pressure, low risk and you do pay retail. You can find a great car there if you don't have time to look private party. Buying private party is surely cheaper.
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Old 08-03-2007, 10:40 PM   #3
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I purchased my boxster 2002 at Carmax and have been very happy. I don't recall the exact figures but I have a 5 year extended I think until 95,000 miles and it was like $1600 maybe less (car had 32K). And yes you can take the car anywhere including Porsche. The only difference is if you take it to carmax they waive the $50 deductable. when I purchased I was sent the inspection report and also a report where they sent the car to the local porsche dealership for work prior to my purchase, I think that bill was $3500 from Porsche to Carmax. They also put brand new tires on the car and ordered for me a second key, they even refunded me for purchasing an owners manual after the fact. So yes I have been pleased. I shopped all around and I paid at the time maybe 10% above trade in value and less than suggested retail of KBB, my car also had 18" turbos and the upgraded headlights ( I forget what they are called) but I know those are expensive options. My purchase price if anything was lower than anything I found at a dealer and pretty close to what people were asking private. I did the ppi during my 5 day return period and it came back clean, its been a trouble free year other than a battery. They also did an oil change etc prior to my purchase. Now having said that I was shopping for a used Durango earlier this year, I wanted a 99 or 2000 to use for snowboarding trips etc, carmax had them around $9000 to $10,000. I got mine at a Dodge dealer for less than $7000, pretty big spread so I think you just have to shop around. i think I fell into a good deal with the Poirsche yet i could see how I would have overpaid for the Dodge had I stuck with Carmax. But i must say the carmax experience is wonderful and there is a price for that, to me its worth another 5% or so for the peace of mind and the no pressure/hassle experience. Good luck.
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Old 08-04-2007, 09:45 PM   #4
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carmax is good but ull end up paying the highest possible price...i think its worth it to save a few grand and do some homework yourself
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