CARMAX ?

[Anonymous]

So where does CarMax get their money? How do they keep the lights on, buy inventory, and pay their employees? Lol wake up. 

By the way 5% on a used car with a 6 something credit score seems like a good call. Especially from a dealership. 

[Gmood1]

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@Cellice wrote:

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@Gmood1 wrote:
Bsal, the finance managers at most if not all dealerships earns the bulk of their money by commission. That means whatever they can add to the cost of the sale they get paid for.
Any time you add extra warranties or gap insurance on to the vehicle's total cost which includes bumping the finance rate. It lines the pockets of the finance manager.

There's no such thing as no haggle car sales. This is only if you choose not to haggle. If a new car can be haggled, a used one can be even more so..if they want to sell it.

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There is actually. It is called CarMax.

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If this is true I'll never own a vehicle from them. I always haggle on the price. Used vehicles in most cases have more of a mark up than new ones. Many car salesmen would rather work the used section than the new one because of this.

They can keep the lights on without ripping everyone's head off. Lol

[bsal]

Sbc thanks I was just confused cause I thought carmax pulled experian

[Anonymous]

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@Cellice wrote:

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@Gmood1 wrote:
Bsal, the finance managers at most if not all dealerships earns the bulk of their money by commission. That means whatever they can add to the cost of the sale they get paid for.
Any time you add extra warranties or gap insurance on to the vehicle's total cost which includes bumping the finance rate. It lines the pockets of the finance manager.

There's no such thing as no haggle car sales. This is only if you choose not to haggle. If a new car can be haggled, a used one can be even more so..if they want to sell it.

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There is actually. It is called CarMax.

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I heard there is a way to haggle at carmax, you could be like i would buy this vehicle but it needs new tires they will replace the tires or give you the money to replace them.  Also you could be like I would buy this vehicle if it was 500 cheaper and walk out, and if you look mysteriously a week later it will be 500 dollars cheaper.

[bsal]

Listen this was not what the post was about. It was about being told on here that carmax pulls experian report witch is a lie because my equifax was pulled. It was never about getting them to haggle any price. Stick to the topic please

[jim44]

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@bsal wrote:
My experian auto score as so excellent 775 and 808 but I would like to know for sure if carmax do in fact pulls experian auto score. Some say they do but I called carmax and the sales rep acts like he doesn't know. I really don't want to waste a HP so if someone anyone who has purchased a car from carmax and knows for sure if they do infact pull experian auto scores please let me know I really don't want to miss out on the perfect car I found

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bsal,  IMO members on this forum are passionate about helping others, so much so your original question was overlooked.  A salesperson at Carmax most likely won't know which bureau they pull as the have nothing to do with financing.  F&I will know for sure.  You can request that F&I at Carmax pull Experian however they may or may not honor your request.  You should know that other factors are considered for your APR such as your  income, the age and mileage of the car and the loan term which may lower or raise your apr. Also IMO, I think one HP is going to have a minimal effect on your CS.  In the end, it's what you're happy with that counts. Congrats on your perfect car.

[bsal]

Well thank you Jim I really appreciate your help. Yes I'm happy with the car how ever let me ask your input on this . How long do you think I should wait yo refinance with dcu to get a better Apr witch I currently have 5.2 with carmax

[Anonymous]

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@bsal wrote:
Well thank you Jim I really appreciate your help. Yes I'm happy with the car how ever let me ask your input on this . How long do you think I should wait yo refinance with dcu to get a better Apr witch I currently have 5.2 with carmax

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Now

[jim44]

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@bsal wrote:
Well thank you Jim I really appreciate your help. Yes I'm happy with the car how ever let me ask your input on this . How long do you think I should wait yo refinance with dcu to get a better Apr witch I currently have 5.2 with carmax

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You can go for refinancing anytime.  if you want to look more favorable to DCU you could give it 6 mos or so of good payment history.  Again you'll have another HP with DCU but it will be worth it if they can offer you a better APR.  5.2 is not hateful... not the greatest but not really terrible. I'm 5.1 years past a BK  and have a 4 year old midsize sedan with 40k miles and my CU that I've been with for too many years to count gave me 66 months term at 5.2%.  I'm happy with that.  8 mos post CH7 I financed a 9 years old suv with 75k miles with a 10% apr with WFDS. I was extremely happy as no one else would touch me and my CU told me I needed to wait 2 years post BK for financing with them.  Keep us posted!!