Carmax is Screwed…Everything is Overpriced!

[@KNIGHTOFELEMIA-i7i]

$2100 a month for a used car someone lives in dreamland.

[@grumpynomad3551]

Someone will finance it. They will stretch the financing to 10 years. My neighbour just bout a $130,000 truck and he works at Walmart. His payments are 1,400 for 10 years with 20% interest. He will pay 170,000 for the truck and it will resell it at 20,000. Lmao

[@BERZERKER888]

Or the Ghetto…

[@kevincrockett5155]

@@grumpynomad3551what kind of truck and is he using it to make money?

[@kevincrockett5155]

@@BERZERKER888not for that price

[@grumpynomad3551]

@@kevincrockett5155 it’s a 2024 Ford F-250 platinum and no, he doesn’t use it for work. The price included his 6 inch lift, tires and rims. It’s very nice but not worth the cost. Diesel price and insurance with truck payments I’m sure he spends $2,000 a month just to drive! He probably only makes $4,000 a month. He looks rich but he is poor.

[@HowardDaduk]

I went to Carmax a couple weeks back to look at a Ford Fusion SE (mid trim) for my daughter. The car had 90k miles on it, and it was 10 years old so of course I wanted the warranty. I have good credit and they had me at $420/month for 4 years, and that was with $4K down. I laughed and left.

[@MarcusSmith-g1l]

Yeah... and...? Dude acting like interest rates are 1% or going back to 1%

[@roadkillgravy5168]

​@@MarcusSmith-g1l yeah and?

[@HowardDaduk]

@MarcusSmith-g1l yeah and I'm not a sucker like you apparently are.

[@evanmcsparin7380]

Wtf. 4 geez. You should of been able to drive off with the title

[@JeorgeGUY]

My first car I paid 18% interest. I was in the service and all I can do is thank my sister for helping me gauge my way out and never doing anything like that again (>20 years later). Before her help I was always broke! Fast forward 8 years and I helped her pay for her college!

[@diegopantoja6246]

$2100 is more than some mortgages. Let’s get rid of dealerships overall…

[@jimh4375]

It's going to be hard to make any smart decision that involves a Dodge Journey.

[@Fedgery007]

My partner bought a car from CarMax and they gave him a 12% interest rate. I knew that was BS. Took the deal and then went and refinanced it with a credit union at 3%.

[@Mattisttam]

There's a dealer in my area asking 18,500 for a 2015 VW Tiguan at 24.6% interest. They have other cars they've done the same. Long story short, their sales are low and are becoming desperate without wanting to change their stance on overcharging customers. Theyve have a disassembled 2013 BMW X5 with everything broken, asking 22,500. The BMW has been on their lot for 2 years now and will never sell. I love seeing it because it tells dealers without speaking how stupid and unrealistic their "deals" are.

[@evanmcsparin7380]

Their toast. Stay away

[@TheComp_Troller]

The payment is going to last longer than some of those cars!

[@MarcPagan]

From south Florida - The Pompano Beach Carmax next to my Costco is packed with unsold cars, SUVs, and trucks - ---has been that way for a long time.

[@raymondcaylor6292]

4:41 22.95% for " challenged " credit. $1,978 a month plus tax, title, fees, and Gap insurance. If you rolled those into your note that vehicle would cost you 168K or $2,333 a month for 72 months. 😮 that's insane but the good news is you wouldn't be upside down after you made your 52nd payment....so there's that.

[@victic2277]

Financing is just stupid for the buyer, especially at these crazy rates.

[@lot2196]

Unfortunately, there is a never ending supply of stupid people.

[@victic2277]

@lot2196 indeed. People are in pain and needed the instant gratification.

[@williamakers1101]

​@@lot2196Let's not forget that there is also an equally never ending supply of judgmental people as well. Terrible combo, neither group help the other.

[@americanbadass88]

If you can afford a 800+ car payment on a 5-10 year old vehicle just SAVE that money every month. Take a bus take a cab car pool or something to save and find a USED car that you can buy outright. Payments are for suckers.....

[@SecretAsian84]

Agreed.

[@DeadNoob451]

Hell at that point just start out with some "good enough to not explode" kinda junker as a stop-gap.

[@evanmcsparin7380]

They do help build your credit tho. I just wouldn't finance anything over 300

[@gregnm369]

Previous C-Suite auto lender here. Sometimes, the risk justifies the rate. Those disgusted at 22% will never need a high interest loan.

[@Hugh-Jwener]

Defender looked like it was leaking oil too 😂

[@klwthe3rd]

Carmax is the worst. They monopolize the buying process. You can't negotiate price with them. That's their policy - you have to pay the price on the sticker. Period. Second, the sales people are trained to gloss over all the fine print in the financing process so make it appear like the buying process is easy but you're really getting screwed over. Third, they have been known to charge over MSRP on used vehicles - so you're paying more for a used vehicle than when it was new. Seriously??? WTH??? NO thanks losers.

[@Ghosy01]

I prefer this . I don’t like playing games with dealers . Car max is 100% transparent everything from their finance to their insurance .

[@APATHTC]

​@@Ghosy01Bonehead. Overpay for your car. You do you, boo.

[@Ghosy01]

@@APATHTC you don’t overpay if you see the sticker price and chose to pay that . Overpaying is getting ripped off the dealer

[@theontologist]

How is CarMax the problem here? Every dealer is doing this outrageous pricing with interest rates of 7 percent and up. I agree that rates of 15 percent and up should be illegal, even for credit cards, but "small government" politicians will never stand up to big business.

[@scottjones-dt3od]

This why there's so many Repo's.

[@grumpynomad3551]

Repos go to auction. Dealerships buy them and they sell them again. Then they get repossessed again and go to auction. Then the dealerships buy them and sell them again. They are making huge money right now. Everyone is. Well, not the purchaser. 🤣

[@thewiseguy3529]

People don't understand, that means you're paying $0.22 for every $1.00 you borrow.

[@bc1016]

Carmax is terrible, I will never go there again. I went to them to buy a car for my son and their cars were soooo overpriced, and the sales people were arrogant and sleazy and trying to upsale us, we walked out right away.

[@ownytony]

Always hated thier gaslighting of the benefits of "no haggling"

[@highendtrends3508]

We went car shopping allot of people where trying to get us with 18,20,21 % apr we fortunately found something with only 11% apr with a small down payment and a trade in.

[@lilpoindexter]

one year old toyotas have been about 1000 less than new for ages, the only difference is the interest rates are through the roof. I bought a new camry in 2016, because it just didnt make sense to buy a one or two year old one

[@jeremyt7752]

2020 F150 and 1999 Mercedes SLK both paid off and titles in hand. No more loans for me. End of the day, nobody gives a flying f what you drive.

[@klwthe3rd]

Exactly. Nobody cares what you drive when they can't feed their families. Well said and so true.

[@DonutVIP]

06 corolla, bought it used at 163k, now have 227k with new parts all around, just rust here and there because rust belt state, down payment 2.5k, did 1 year payment and now I'm happy asf, car don't belong to the bank and I don't have to worried about car payment expect insurance..but better then none

[@klwthe3rd]

@@DonutVIP Smart buying decision with the Corolla and only taking out a loan for 1 year. Its nice to be free isn't it?

[@2thousand336]

Three vehicles, no payments. Never paid more than $400 a month for either. They're not new, but they're reliable and I enjoy what I drive. Glad I got them before the industry went to shit! I'm driving them until the doors fall off 😂!

[@johnhudson3095]

my bank's rates are between 5.64 and 7.89 depending on the model year. so, there is some savings by going with your own financing, the 22.95 percent is totally insane. many years ago (before i had good credit) i paid around 18 percent for a vehicle, however it was paid off in 2 years. recently i paid 3.2 percent in 2017, and 4.9 percent in 2021. my score is excellent now. not having good credit is very costly, that's for sure.

[@1976axerhand]

23k for a 2020 Corolla....wow i paid 22600 otd for a new 23 Corolla le with the convenience package at 3.9 percent...

[@jayc4715]

Still a bad deal

[@knitronics]

I am completely sympathetic that sometimes things just happen and you need to buy a car unexpectedly so you have to finance it, but there is no excuse for blindly agreeing to these crazy rates from dealers instead of going to your own bank or credit union to get financing. Because you'll get a better rate and you can even use it to negotiate a better rate from the dealer in some cases.

[@daveh9551]

Went and looked at some cars today and the ones I did look at had rusty suspension from sitting outside and or were just repoed or sold to them. They didnt even bother cleaning them up for real. I saw a 2022 300 S with 9k miles on it and this car looked like it was over 10 years old and they still want 46k for it.

[@KeithsTVHD1]

Everything is overpriced everywhere

[@Garbagejuicewaterfall]

Remember when you used to be able to get a good deal….. We can feel the greed in the air .

[@LiBingBong]

50% off sale

[@tenfourproductionsllc]

Lincoln's are cheap at CarMax and sell for what a Corolla will. Of course, that's because Lincoln's outside the Navigator crash in price. The MKZ sells really really cheap.

[@t7710-e2q]

Why do people want to spend so much on vehicles? I bought a brand new 2021 Corolla SE for $19k.

[@Travis25601]

These franchise car lots look more like an operation of bankers. Look at it for what it is…. a 23 % interest rate is predatory among desperate buyers. Another obvious tell is that dodgy Dodge Journey that’s 9 years old for $15 thousand dollars. 15 K …plus 23% interest… for a 9 year old Dodge minivan. That’s shady as f.

[@loum.4377]

They offered me $ for a 2016 Hybrid in mint condition, went down the road to AutoNation USA got 33% $$ more!

[@sammyus2016]

I bought 5 years ago Toyota Prius 2012 with 80k miles for 15k (overpaid but clean title) at CarMax 4% interest, with 90 days warranty (not extended) and 7 days return policy, on my 2nd week of owning I found a small problem with oil sensor and oil leaking from head gasket and went to CarMax to fix that issue under warranty and tried 3 times to fix that problem, finally their main service manager gave approval to his mechanics to fix the problem and they replaced parts, but that fighting over warranty was so hard. Prius is still running perfectly with 120k miles nowadays but I’m going to think twice before comeback to CarMax because of headache with their service. Better to buy Toyota Camry at another dealership or facebook market place.

[@Steelrailbearing]

This should be mandatory to watch for first time car buyers/ financers. Automobiles are too much of an emotional purchase. "I want/deserve this" mentality.. People can do what they want, but if you take on debt like that at an early age, it will haunt you.

[@dmcnamara9859]

CarMax has the highest average Individual Transactions of any new/used dealership in the USA. That's all shareholders are concerned about. $10,000 turd Nissan Sentra ends up being $40,000 score for them when Fees, Interest, is all added up.

[@KeithsTVHD1]

21 and 22% interest that’s crazy

[@robertward8035]

People are amazingly stupid with money.😢

[@davidpacholski7144]

I financed my 2017 ford fusion at 0% interest rate at $277 month $2k down

[@singletrackassassin4862]

For years there have been videos of people walking lots talking about dealers going out of business and cars are way overpriced, yet nothing changes.

[@johnlittle8267]

CarMax has always been overprice but they offer a wide selection and a 5 day return guarantee. To me the return guarantee is worth many thousands and I have used it 2x before.

[@Plow-b1x]

I love car max. To each his/her own.

[@HankMoody-h2e]

Carmax’s market is mostly subprime, so there buying cars at an inflated cost they shouldn’t be buying. All these people that bought during COVID are underwater, it’s predatory lending!

[@jameszhang6368]

It is a open market. Deal or No Deal is your decision.

[@Slammingutz]

Carmax needs to go out of business and I’m still surprised that people still buy cars at Carmax. A sucker is born every second, and that person who finances is losing on the front and back end and the interest rate is a guaranteed debt slave program.

[@bruceyung70]

Yet, youngsters will still buy dodge chargers or jeep grand Cherokee from them with 22% interest fee. Corolla is actually not bad though.

[@user-zs1fr7im6l]

CARMART YOU PAY MORE FOR A USED CAR THAN YOU CAN BUY A NEW ONE ! HECK OF A DEAL LOLOLOLOLOLOLOLOL

[@BiiYAAAA]

[@7enty7en83]

Whats that blue device on them windows?

[@jayc4715]

Lock box for the keys

[@7enty7en83]

@@jayc4715 ohh thx

[@DHG187-nf7wx]

All the cars have been used as demos by the employees.

[@stormy317]

Many years ago, carmax used to be a good reasonable place to go. now Carmax is the last place I would go. I'd rather take an Uber ride to work every day. Then go there, it would be cheaper.

[@KingMrBigE]

More pre-repo's sold than anyone in the country!

[@ziaulislam87]

Why the hell will u buy a used car at 96% of mrso or even 75%

[@PureBavarian]

Lol, bad credit is called Challenged 😂😂😂

[@SecretAsian84]

😂 challenged credit

[@Pingstein11]

Comparing apples to apples with Carvana. Carmax is absurdly overpriced.

[@stryker120ski4]

carmax, or stealmax is stuck in covid times,

[@epdugas]

I disagree. I just bought some thing from Carmax, and the price was very competitive if not under other companies and you know what I didn’t pay for all the extra fees and buy this by that wet whenever you’re closing and doing the paperwork that’s why you think Carmax prices cost more because they don’t have all these other fees at the end that you end up paying more at a dealership

[@blintzkreig1638]

Went to Carmax once. Was obvious the whole operation was a scam. Never went back of course.

[@tenfourproductionsllc]

It's not a scam. They are upfront in exactly what you are paying.

[@TheLetsboogiedown]

Insane prices

[@sealevel1919]

Did you go the whole video and not talk about the flood vehicles that make the rounds. And how to spot one.

[@subaruamazon]

2100 a month? keep it. will stick with my 07 camry.

[@andredaedone7732]

I would be buying a new car for cash. My car is 4 years old and have 21k miles on it which I paid cash.

[@mroblivion2854]

One good thing about CarMax.... variety; I love the variety of cars as u walk through the lot.

[@klwthe3rd]

@@mroblivion2854 That's how they get you. Shiny new objects over there, don't look at loan agreement over here. Lol

[@stevetren9248]

Uneducated people finance these disasters everyday. CarMax loves it. They make a fortune on the interest and sale.

[@eliseumalo4069]

These auto dealers are getting exactly what they deserve! They have been screwing customers for years.

[@andredaedone7732]

They do get poor people in there buying at 20% plus interest..

[@HalfBackCrack]

I knew a dude who was paying 25% on a 2008 Lincoln LS. LOL

[@jordanperry3126]

That's really insane

[@24ecko]

The whole car industry is screwed. We dont need a new video each day to tell us.

[@BERZERKER888]

Car Max caters to the Red Line consumers….

[@tinomarentes702]

Car MAX IS OVER PRICED 4K TO 8K. You are better off going to the dealer and getting a used trade in. Trust me

[@A-Mistake-21]

"No Hassle" "Up front pricing"... stfu with that crap 😂😂

[@benrichards9667]

Yes everything is overpriced. I won't buy until it gets reasonable.

[@gamers_united558]

Unfortunately there are a lot of stupid people out there. There’s a saying , there’s a new sucker born everyday

[@BryceLovesTech]

Dave Ramsey taught me well

[@kleec6078]

Carmax is for desperate people with poor credit

[@coreylucas5997]

Car WACKED them Fer’s need to go out of Business, RIP = CARMAX

[@epdugas]

I paid the taxes and I had 9% with Capital One so I don’t know what this guy is talking about every every case is different but I guess he needs something to complain about to make a video 🤷🏼‍♂️🤣

[@randyreynolds1045]

Sue❤

[@pvp64]

They are taking advantage of dumb people.

[@sjay149]

Let the market decide. A fool and his money are easily parted. Ladies with large feet have wide ho-has.

[@alansmith4734]

If you are "homeless" and intend to live in your vehicle, Carmax is your place to go! (sarcasm)

[@williamscookies78]

Let it rot!

[@marksman4004]

Carmax aint nothing but a glorified carhop.

[@youngkim8493]

lol carmax needs to go bankrupt

[@CandlestickTV]

I can get a new Benz for 60k 2025 new new lol

[@marktweet7395]

Greed

[@ruisiauto]

Most of you commented here wont cry when it comes to sell your vehicle to Carmax or Carvana and use them as a reference when negotiating.

[@klwthe3rd]

@@ruisiauto Yes I will. I tried to trade my vehicle in to them at the very height of the used car market and they only offered me 45% of the value of my car. So vehicle prices are inflated due to demand but they don't want to pay me even close to what my vehicle is worth? No thank you.

[@ruisiauto]

@@klwthe3rd you have no idea what you are talking about! If they are willing to let 55% of a “true value” to go, then you are delusional! Don’t even bother replying! Sounds like 15 year old BMW!

[@edwardporus8326]

love carmax they always give me a great price when i am selling

[@littlestinker9716]

Hoopties and beaters are where it's at in 2024. Most new vehicles are overpriced junk that cost a fortune to repair.

[@dvader3263]

At least new vehicles have 3 year, 36,000 mile bumper to bumper and 5 year, 60,000 mile warranties on the drivetrain. Piece of mind.

[@littlestinker9716]

@@dvader3263 Lol. Sure. With $800+ payments and sky-high full insurance coverage. Peace of mind for an empty wallet. Good luck with that.

[@johnhudson3095]

your right, my 2018 hunk of junk nissan rogue needs new seat airbag sensors and a controller, $1,600.00 and it's out of warranty. meanwhile, my 2003 civic and 2011 camry both run great and only thing i have had to do to the camry was one starter. sigh.