CARMAX DISASTER Signals COLLAPSING Of The Car Market! 

If you have bad credit, you shouldn’t be spending $30k+ on a car. Get a $5k to $10k car.

$72k for an outback needs to be a crime somewhere 😂

Sad part is, there are people out there who still buy cars today with 20%+ interest rates @$900+/month for a $30k car and they only make like 40k a year....

They're selling civics that are 4 years old with 30k+ miles for the same price as MSRP of brand new ones. Its insane.

If just save that car payment for a year you can put down a bundle and get a normal rate. You will flip the loan to value. A good chance the OEM's financial departments will pick up the loan for themselves. My last 3 car purchase were financed by Chrysler Honda and not Toyota. I do not have gold credit. Two week ago under 700 Just a s very substantial down payment.

Profits down 33% citing inflation when they are a core cause of over-inflating the prices of used cars. Classic.

I bought a vehicle from Carmax. I have no issues with the vehicle I purchased but I’d never buy another vehicle from them. I didn’t do my homework and paid about $5000 more than the vehicle was actually worth. Like I noted, it’s my fault for not properly researching the vehicle I was interested in purchasing. Their no haggle pricing is to their benefit not the customers. They also low ball potential customers trade in vehicle. In my case I kept my car and disposed of it myself. Every negative thing people believe about used car dealers is true about .Carmax too but they’re better at hiding those things.

Some of these cars has monthly payment like a mortgage on a small condo !!

Car Buying 101: get pre-approved for a loan before ever stepping into a dealership

Carmax is a predatory loan institution, cars are the bait.

At those prices it really makes me wonder how Carnax has survived all these years. Is it a facade for money laundering; are they subsidized by the government or what? Back in the early 2000’s I paid them a $400 non-refundable transfer fee to move a ‘96VW Golf from another state to NC and I ended up not buying it when it arrived.

I think Carmax is great. Prices are sometimes market value, usually higher, rarely lower...but it happens. Their Maxcare warranty does pay out on problems. No haggling, no push to buy TODAY, no forced products at closing. An overnight test drive option, and a 7 day return or exchange opportunity are real values. Only you can decide if that's what you want to do.

If you tell them you are paying cash they might tell you to walk.

People been saying this for over a year! But I will say this. The carmax dealer is 45 minutes away from me. And I see car carriers filled with cars. Being dropped at a vacant lot by my house. I don't know why. Overflow? Hiding cars so there lots look limited?🤷‍♂️

If you have bad credit your financing options are going to be rather limited. They charge higher interest due to the increased likelihood of default. They want to make as much money as possible in the early days of the loan.

If you don't have good credit and you can't afford a car it probably makes more sense to try to carpool, uber or good old public transportation. I'm really happey to hear the cars have really dropped in price, can't begin to imagine if it hadn't.

Dude, if you’re credit is that bad you shouldn’t be car shopping.

I mean if someone has terrible credit and they can only go to CarMax then oh well. If they don’t want to spend less and save to fix their credit then that’s on them. Plus people should bring their own financing to a used car dealer especially places like CarMax and Carvana. 🤷🏽‍♀️

Holy hell man...that corolla that was first shown being basically more than MSRP new is ridiculous. In a normal world, that car would be worth 12k max depending on miles.

Americans have to drive to work. This is unsustainable. Gov bailouts coming soon.

I bluffed the dealership and credit union to leverage a good interest rate. 3.9% on a 24’ Supra at 21! I wish I could help more people getting F’d on 20+% interest

It's difficult to imagine all those cars selling. Maybe they will.

How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards

Good. Sell direct to the public and reduce prices. I dont need a middleman getting rich off my purchase. I know what I want.

Stop gaslighting. If you have bad credit that is on you. You can't expect lenders to give prime rates for crappy credit . Your rate could be higher at a buy pay here

Business model: robbery

23%?......get outta here with that crap

Can you pay cash at CarMax will they allow it

See the sign DO NOT ENTER

Stay away, AA. Stay far, far away. 'Tis not the place for those whose souls are intact. Heed my warning.

🤣🤣🤣

25k in interest for a car that’s worth 25k 😂🤡