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re: Carmax - any idea on how much they mark up a vehicle after they take it in?
Posted on 6/30/15 at 11:36 am to meeple
Posted on 6/30/15 at 11:36 am to meeple
Average wholesale and then mark it up $4k. Change the oil, half arse wash it, and put it on the lot.
This post was edited on 6/30/15 at 11:37 am
0
Posted on 6/30/15 at 11:40 am to BabyrayS2k
quote:
They make the buying process easy by over charging you, and not even discussing it.
No one is holding a gun to the head of their customers so their business model must have some merit. As a whole they have had very strong growth for several years.
Posted on 6/30/15 at 11:40 am to EA6B
You are correct. Buyers are stupid.
Posted on 6/30/15 at 11:51 am to BabyrayS2k
I think some buyers just like the streamlined process
I relaky have no intention of buying something from them. Just trying to gauge a potential offer as an extra option
I relaky have no intention of buying something from them. Just trying to gauge a potential offer as an extra option
Posted on 6/30/15 at 12:22 pm to Croacka
quote:Do you know of a dealership that won't quickly sell you a car as long as you agree to pay sticker for it?
I think some buyers just like the streamlined process
Posted on 6/30/15 at 12:25 pm to WDE24
Exactly
Posted on 6/30/15 at 12:53 pm to BabyrayS2k
If you compare carmax's "sticker" price to used cars on dealer lots, carmax will almost always have the lower price
That attracts buyers
That attracts buyers
Posted on 6/30/15 at 12:56 pm to Croacka
Ran the blue book on a company truck in excellent condition f150 which indicated around $14K. They offered us $7500.
Posted on 6/30/15 at 1:29 pm to Croacka
quote:
If you compare carmax's "sticker" price to used cars on dealer lots, carmax will almost always have the lower price
Customers complain when they can't negotiate the sticker price down at dealerships. If a dealer thought a customer would simply agree to the sticker price from the beginning, they would easily take that.
When I bought my car, dealer was offering supplier pricing and was a legit deal no haggling to everyone (other dealers wouldn't try and compete). I heard a guy yell for 30 minutes about how he "knows" they can go lower.
Posted on 6/30/15 at 1:52 pm to Croacka
No. They have the highest price when comparing apples to apples.
Posted on 6/30/15 at 2:03 pm to BabyrayS2k
Care to provide an example?
Posted on 6/30/15 at 2:42 pm to Croacka
No
Posted on 6/30/15 at 2:51 pm to Croacka
quote:
Croacka
quote:
I was wondering if it was possible to get a rough guess on what they'd offer on a vehicle by looking at very similar vehicles' selling price on their site I'm sure it's not a set % or scale, but even a ballpark number would be useful.
CarMax entered incorrect information into their system on purpose even after I pointed it out. They refused to re-run my car once they realized that I saw them try to snooker us and that I had an IQ greater than that of your garden variety banana slug.
They offered my wife $5,800 for a car that Kia East offered us $13K for ultimately in trade.
Stay away from them like the plague. Dirty, lying, filthy shysters. Much worse than a typical car sales outfit.
Posted on 6/30/15 at 5:49 pm to GFunk
Well this thread has me disappointed. While I always knew Carmax used vehicles were priced a little higher than if one were to search out a deal on their own and go through the negotiating process, I always thought that they sold quality vehicles that were of some higher level of standard.
Posted on 6/30/15 at 6:08 pm to meeple
No they do not.
Posted on 6/30/15 at 6:34 pm to BabyrayS2k
I had a conversion van I wanted to sell. We had three cars for two drivers. It booked at a little over $8,000. They offered about $1250.
I sold it two days later for $7,000 to a happy private party.
I sold it two days later for $7,000 to a happy private party.
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