Carmax...can you really haggle their "no haggle prices"?
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Carmax...can you really haggle their "no haggle prices"?

  1. #1
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    Default Carmax...can you really haggle their "no haggle prices"?

    Curious if any of you have experiences with them.
    Losers are always whining about trying their best. Winners go home and f@#k the prom queen!!

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    Living in a cage of fear thatguy's Avatar
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    Quote Originally Posted by mattman View Post
    Curious if any of you have experiences with them.
    We bought an 04' Tahoe from the Carmax in Roseville CA back in 07'. (Since have sold it)

    At the time, their price was right in line with retail book, or a little under.

    I have to say, it was a very painless experience for us personally.
    Did not try to haggle, but I rarely do anyway. (Yeah, I know)

    Could have gotten one cheaper private party, but the Carmax deal was fast, hassle free, and they stood behind some minor warranty issues and made a couple extra FOB's and keys free of charge a few weeks after the purchase.

    We were also able to transfer the note to our Bank with no charge within a few days, at a lower rate, as we bought it on a weekend. (I don't know if every dealer has to do that by law?)

    I would by again from them, except that there are great deals now PP.
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    On The Gas TheCarDudes's Avatar
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    Quote Originally Posted by thatguy View Post
    We bought an 04' Tahoe from the Carmax in Roseville CA back in 07'. (Since have sold it)

    At the time, their price was right in line with retail book, or a little under.

    I have to say, it was a very painless experience for us personally.
    Did not try to haggle, but I rarely do anyway. (Yeah, I know)

    Could have gotten one cheaper private party, but the Carmax deal was fast, hassle free, and they stood behind some minor warranty issues and made a couple extra FOB's and keys free of charge a few weeks after the purchase.

    We were also able to transfer the note to our Bank with no charge within a few days, at a lower rate, as we bought it on a weekend. (I don't know if every dealer has to do that by law?)

    I would by again from them, except that there are great deals now PP.
    That is called an "option contract". You may or may not have known that you have that option at any time in the first few days. You just have to let the dealer know that you want to check with your bank during the week. They will always accommodate this request because their primary goal is for you to leave with the car that day before you change your mind and the either wears off. It used to be called "Line 7" because in the older contracts the amount financed was the amount on line #7 of said contract. Now it is just "amount financed".

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    Senior Member cab_01's Avatar
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    On that note: Has anyone ever sold a car to them without buying one of theirs? I hear their commercials all of the time and wonder what kind of price are they giving for yours. I assume it is wholesale price.

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    Living in a cage of fear thatguy's Avatar
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    Quote Originally Posted by cab_01 View Post
    On that note: Has anyone ever sold a car to them without buying one of theirs? I hear their commercials all of the time and wonder what kind of price are they giving for yours. I assume it is wholesale price.

    Car Dude will know for sure, but I believe they pay LESS than wholesale?

    My BIL was a dealer and he told me that CM sells most of their purchases to wholesalers and dealers at on lot auctions.
    The CM sales dude also said that the majority of the cars they take in do not make it to the CM lot due to not passing the CM quality inspection?
    Tommy

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    i'm a blind dumb liberal.
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    Obama also possesses extreme intellect.


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    The age long strife I see
    Where I fought in many guises,
    Many names, but always me."

    Gen. George S Patton

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    On The Gas TheCarDudes's Avatar
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    Quote Originally Posted by cab_01 View Post
    On that note: Has anyone ever sold a car to them without buying one of theirs? I hear their commercials all of the time and wonder what kind of price are they giving for yours. I assume it is wholesale price.
    CarMax will pay the market value of a car. It is a no haggle experience. The Kelly Blue Book wholesale price is not necessarily the value of a car, it could be higher or lower. The market value is what the car is worth. They do pay slightly higher prices for low mileage well-taken-care-of vehicles but pay less for vehicles that are not their cup of tea.

    Across the board, most cars are worth less than KBB Wholesale as a trade in or direct purchase by the dealer. If you believe that you got more than KBB wholesale when you traded your vehicle in, all you did is pay more for the car you bought than you had to. This is known as an "over allowance" in the industry or "OA". Again, this is a general statement and there are exceptions to this rule.

    Quote Originally Posted by thatguy View Post
    Car Dude will know for sure, but I believe they pay LESS than wholesale?

    My BIL was a dealer and he told me that CM sells most of their purchases to wholesalers and dealers at on lot auctions.
    The CM sales dude also said that the majority of the cars they take in do not make it to the CM lot due to not passing the CM quality inspection?
    They do have very high standards for their used car lots. It is true, they auction some if not most of their purchases as well as trade ins. What is not commonly know is that CarMax is in the top 3 of the biggest auction organizations in the United States. Pretty impressive for a company that got in to the auction business simply to support their own used vehicle operations.

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    No you CANNOT haggle their prices. Buddy is a manager there and they will not entertain any offer below. It is what it is there.

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    On The Gas TheCarDudes's Avatar
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    Quote Originally Posted by ChumpChange View Post
    No you CANNOT haggle their prices. Buddy is a manager there and they will not entertain any offer below. It is what it is there.
    That is correct only as far as the final price goes. There are other ways to effectively get a better price such as if they give you more for your trade than the "other" dealer(s). That is an OA (see previous post my me) and is technically getting a discount on their car. Also, they tend to give up accessories or "freebies" such as floor mats or key fobs to "close the deal". All these things cost money so it is in effect a way to negotiate their pricing.

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