CarMax (KMX) Stock. An In-depth Overview
5 stars based on
CarMax, a national chain of used-car dealerships, has grown rapidly over the years — and for good reason. The company promises a no-pressure, low-stress buying experience. But does it deliver? You spend hours researching car options online, test-drive countless cars, then negotiate a price while the salesman tries to pressure you into tips for option trade in carmax up models and expensive upgrades.
Electronics retailer Circuit City branched out into used car sales by opening the first CarMax in Richmond, Virginia, in The company set out to give customers a car buying opportunity without the games and wasted time, and with a fun experience and the security of a sound warranty. Since that time, this dealership has grown to become a Fortune company with over used car stores across the country.
We spoke with a few buyers and sellers, and our general opinion is that yes CarMax is good. The sellers enjoyed their car sales services because the price offered — while a bit under full value — was fair.
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.
The CarMax extended warranty also came in handy for several of our happy customers. One customer even spoke of it covering the cost for several expensive repairs soon after buying the car from them without harassing them about the problems. Then go for a test-drive. Plus, every car goes through an extensive inspection process and includes a day warranty 60 days in Connecticut, and 90 in Massachusetts and New York. CarLotz tips for option trade in carmax a private seller on steroids.
If you want to play an active role tips for option trade in carmax your car sale, then CarLotz might be for you. But if you like the idea of selling your car without having to participate, CarMax is a better option. Carvana is another car buying option, which takes place almost entirely online.
You can browse cars online, buy your car without haggling and then it will be delivered. However, if you want to test the car before committing, CarMax is a much more hands-on experience. TrueCar uses data collected on previous sales to give buyers an estimate on what they can expect to pay.
Once you search around and find the car at the price you want, TrueCar connects customers with trusted dealers to complete the deal. Another option is to buy your car from a private seller.
This can be someone from Craigslist or your neighbor down the street. Buying directly from the seller can give you more details about the car, as well give you a leg-up on negotiating. Without a company doing an official check-up of the car, this option might also be risky.
Their biggest appeal is how simple it makes the used-car buying process. If you want a no-pressure, no-hassle and low-risk car-buying experience, CarMax can make that happen. However, if your primary goal is tips for option trade in carmax get the best price on a used vehicle, and you enjoy the art of negotiationyou may be better off buying online from a dealer or a private seller.
Tips for option trade in carmax Car Insurance Quotes.