Why is carmax overpriced

Nonetheless, if you sold your used car to CarMax for a higher price than you bought it for, you might be required to pay capital gains tax. As long as you have the correct documentation to prove that you have power of attorney, CarMax will buy your car. CarMax will provide you with paperwork that the car owner must sign and notarize before considering a transaction.

Furthermore, you will be obliged to pay the registration and title transfer fees if your state requires it. CarMax can take up to 28 days to transfer your car. Evidence from anecdotal sources suggests the wait can be up to 28 days before your chosen car arrives at the CarMax lot of your choice.

Transfer times depend on the distance and how many vehicles they are transporting at a given time. If your car is located nearby, it will take less time than if they have to haul it across the country. You can still transfer the vehicle within the same state, but it cannot be delivered out of state until CarMax gets the title. This is not relevant to all states, but some demand the presence of a complete and valid title before shipping can begin, effectively making the vehicle non-transferable until that moment.

As with any dealer, shop around and see which offers the best total value, not solely price, for what you plan to buy. Carmax is just one dealership group in the market. Do people not understand that the only thing haggling with a used car is going to do is get you the car for less? Carmax uses marketing of "no haggling" instead of saying, we're not dropping the price for you and people think this is great?!?!?

The warranty and return of vehicle are good things, but their marketing team deserves some giant award for fooling people.

Originally Posted by Drago Can someone explain why anyone would buy a car there if the prices are so high? To be fair, maybe it's just the vehicles I'm looking at.

Is the CarMax price the out-the-door price? Originally Posted by wamer Please register to post and access all features of our very popular forum. It is free and quick. Additional giveaways are planned. Detailed information about all U. Posting Quick Reply - Please Wait. Similar Threads Carmax vs. Dealers when buying used car , Automotive, 15 replies Advantage to buying from Carmax vs a dealer?

That offer is good for seven days from the time you get it. Start the process at CarMax. You can search by make, model or keyword. You can do that for free. Or you can buy it and have it shipped to the CarMax location closest to you.

In some cases, CarMax offers delivery to your home. Just remember that if the vehicle you settle on is located some distance from you, you may incur transport costs. This increased demand, coupled with the still-recovering supply chain, means that even while sales are down, demand and supply remain tight, allowing prices to stay high and not waver.

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By choosing I Accept , you consent to our use of cookies and other tracking technologies. Why are used cars so expensive right now? Reddit Pocket Flipboard Email. More buyers are eyeing the used car market.

But for those who can afford it, customers are buying larger, more expensive vehicles new. The used car market is deeply entangled with the new car market The used car market is significantly larger than the new car market: About 40 million used cars were sold in , compared to about 17 million new vehicles.