Is CarMax a bad place to buy a car?

Buying from CarMax is a hassle-free, no-haggle process. All of its prices are nonnegotiable, and its salespeople are paid on a flat-commission basis, which means they’ll get paid the same amount whether they sell you a BMW or a Ford. That said, its prices tend to be higher than at other used-car sources.

Is CarMax a bad deal?

We spoke with a few buyers and sellers, and our general opinion is that yes CarMax is good. The buyers liked the car buying experience because of the wide selection of vehicles, the fabulous customer service and the slightly more expensive, but easy, buying process.

What are the pros and cons of CarMax?

5. What Are the Pros & Cons of Doing Business With CarMax?

Pros	Cons
Wide variety of makes, models and model years	When selling, offer may be less than you can get in a private sale
24-hour test drives and 30-day returns up to 1500 miles	Must visit store to sell car if it isn’t eligible for an online quote

Does CarMax really not negotiate?

CarMax’s brand is synonymous with transparency. The retailer has a no-haggle policy for used-vehicle prices and trade-in offers. CarMax gives free, no-obligation valuations and offers consumers a price that’s good for seven days.

Who is CarMax biggest competitor?

CarMax’s top competitors include Inchcape, Copart, AutoNation, Penske Automotive Group and Vroom. CarMax is a retailer company for used vehicles.

Does CarMax have hidden fees?

Does CarMax have hidden fees? While CarMax doesn’t charge you to buy or sell with them, you will have to pay for shipping. If you buy from one of their physical locations, you may also have to pay a transfer fee to have the car shipped to your local CarMax, and dealership fees for paperwork.

Why are CarMax prices so high?

Their prices aren’t as low as other dealers’. The Truth About Cars analyzed the sales prices of similar vehicles on eBay and CarMax and found that their prices were consistently higher, often by a few thousand dollars. That’s because they have more overhead, which the site points out.

What is better than CarMax?

Unlike CarMax, Carvana only offers online shopping. A free oil change comes with every purchase. Once you choose a vehicle, the company will deliver the car to your home within 48 hours. Unlike most online sellers, Carvana uses Carfax to obtain vehicle history reports on all its cars.

Who will pay more than CarMax?

Valley Cash For Cars Pays More Than Carmax.

Why are CarMax fees so high?

The Truth About Cars analyzed the sales prices of similar vehicles on eBay and CarMax and found that their prices were consistently higher, often by a few thousand dollars. That’s because they have more overhead, which the site points out.

Will CarMax buy my car if I still owe money on it?

CarMax Buying Centers (located in a few states) accept cashier’s or certified checks and certified funds only. If the amount you owe is less than $250, we will accept a personal check. Our written offers are good for seven days, giving you time to get any necessary funds to settle your transaction.

Is Carvana and CarMax the same?

The biggest difference between CarMax and Carvana is that CarMax has physical lots spread out across the country. That means that you can shop local inventory in person and even test drive cars. On the flip side, it also means CarMax has more overhead than Carvana, which could translate into higher prices.

Should I buy a car from CarMax?

CarMax Buys Used Cars. CarMax says it buys any used car regardless of age, condition, make or mileage even if you don’t buy a used car from CarMax. Appraisals take about 30 minutes and if you decide to sell, the company will pay you on the spot. Don’t expect to get a great price, though.

Is CarMax a rip off?

Carmax Appraisals are a Rip Off. Carmax is a typical used car dealership whose purpose is to rip you off. You have other options for selling your car: 1. Ask other dealers for cash offers, they would rather buy from you than an auction where they have to pay up to $500 in auction buying fees.

Should you sell your car at CarMax?

You must have the vehicle’s title to sell your car to CarMax — it’s one of the few rules CarMax enforces. Otherwise, CarMax will purchase almost any vehicle, including cars with salvage titles and those with activated check-engine lights.

Is CarMax safe?

CarMax guarantees that its cars have never been designated salvaged or flood-damaged, which are two hazards of buying from a private seller or a less reputable dealer. Their vehicles have that “new car” feel. The company thoroughly cleans and refurbishes its vehicles so they look good inside and out.