CARMAX's LATEST ANNOUNCEMENT Puts ENTIRE Car Market ON ALERT!

[@autovice7689]

According to you "It's" been over for the past 18 months. I like your channel for market updates but the catastrophizing gets old, my man.

[@socalgolf9978]

It has a negative effect after Awhile people just get sick of it and stop watching

[@DriftyRig]

I understand your side of things, but unfortunately the way the algorithm works with getting new people to see your videos and watch them.. These video titles are what catches peoples attention because of how captivating they are at a glance.. So I understand CQA's side of things too.

[@MH_6160]

Right? He has been ringing the bell honestly for over 2 years…. he really needs a new schtick

[@wantsanewvehicle]

That's what all of these guys do ("car market has just crashed!", "dealerships will not survive with this new news!", "xxx CEO just announced THIS and it's over now!", etc.).. I've honestly stopped watching most of it and quickly skim through what I do end up watching. I mean, after 3 years of the same videos over and over and over and over.. and nothing even changing at dealerships, it's like.. uh..?

[@Notfiveo0]

10% off of MSRP on a new Rav 4? I’m calling BS.

[@desert_echo]

6 months ago I went to the dealerships in the market for a work truck. Even with excellent credit and $10,000 down, the prices and rates were insane. Decided to walk away, and ended up buying a pristine 2003 Toyota Tundra with 90,000 miles on the odometer. Couldn't be happier. Runs like a dream, and bought it cash.

[@OnTheAir]

And your older Tundra V8 will outlast anything new.,

[@EvySurvived]

Good catch!

[@robertlyman9789]

My grandson is Toyota dealership mechanic, lovesmtoyota over GM, Ford

[@bigd9526]

Very good move I thought about selling my 2006 tundra with a flat bed 4by4 with 132k I brought it new no payments and outside of basic maintenance I had some kinda weird electrical problem that cost me about 1300 very good solid truck thinking about putting the regular bed back on and rolling it until the wheels fall off 😂😂😂😂.

[@jmaxim80]

Smart move, that was money well spent.

[@josephkelleher8820]

Hard to believe people are still way overpaying for vehicles at CARMAX.

[@TLaw44]

When they have an accident and the insurance company gives them blue book value. 😂

[@davey5586]

Mostly city and urban dwellers who don't know nothin'

[@rickjohansson4257]

Not having to interact with a dealer is priceless to some people.

[@adriandenson2014]

Goes to show how much people hate negotiating

[@jamslam5641]

Guys.. Carmax is a dealership no matter what you think. They used high pressure tactics to try to get me to pay $4000 for an extended warranty like every other dealer. Btw, pay few bucks for GAP insurance since it covers the negative equity if totaled.

[@walrusdestruction6845]

I thought your last video on carmax was predicting armageddon.

[@deeznutz80808]

It’s a crash every other day

[@mjerome1457]

LOL IMR!!! 😂

[@ouethojlkjn]

Unfortunately, the entire global auto industry or at least the western side of it is in meltdown. Everyone is pretending that everything is normal. Toyota is carrying the largest debt in corporate history.

[@Mr.Helper.]

20%+ interest on a car loan is insane

[@xeroxboy01]

You'll only get that if your credit score and debt to income ratio is bad. I just got a Lexus GX 550 with 6.35 apr with a 760 credit score.

[@Mr.Helper.]

@ what’s your monthly

[@Bonanzaking]

It isn’t. Historically speaking that was a normal rate prior to the 90’s. People got used to artificially low rates.

[@jjred233]

@@Bonanzaking 1996, I got 9% for a used Honda Accord for $25,000. Very bad credit. That was bad back in 1996. Credit score matter less back then. The rip off of credit scores started around then.

[@Bonanzaking]

@@jjred233 if you talk to the older generation buying in the 70 and 80’s 20-24% was rather normal for a house or car.

[@Larry-n8n]

The lower the price the more they sell imagine that 😮

[@AnyoneSeenMikeHunt]

Mind blowing to think CarMax sells 1,300,000 cars a year.

[@ouethojlkjn]

Multiply that by 1000 and that’s the number of dollars Toyota is spending servicing its debt. Every month.

[@mic-drop-74]

Please sell trucks for 30k. I don't need heated center counsels or steering wheels

[@mattrandall1808]

$23k

[@ThreeDogsTwoCatsAndAWife]

Sound like a single cab, short bed 4cly with cloth seats, no floor carpeting. You’ll still need a screen with backup cam, because of regulations. Basic auto transmission might be cheaper than a 5sp these days. Five lug 16”wheels, maybe. No power windows. No power locks. No bedliner. No dampened tailgate. Two colors.

[@preeyakumari-i2q]

@@ThreeDogsTwoCatsAndAWife. Sounds like a Mod T

[@fredberger2451]

Less than a year ago all y’all said carmax is dead, so which is it.

[@wantsanewvehicle]

Carmax ain't going anywhere lol. If they start having trouble, they will just lower their prices and it won't hurt them in the slightest.

[@ouethojlkjn]

Creative accounting is lying, but legally it isn’t … just because any company says everything is fine doesn’t mean it is. Honda and Nissan have announced merger TALKS and their share prices pop. So the people carrying the can can offload to the mugs. Talks doesn’t mean it’s happening and even if it does happen, someone’s gonna lose a load of money.

[@danfecke]

Carnax watched that video and made the necessary corrections

[@victorsong8416]

I don't know, but I suspect, that Carmax is doing some very-very creative accounting...

[@snowscout1018]

100% agree...it's not that they are selling for lower prices, and it's not that their interest rate is the best in the market....so did everyone decide to buy from carmax? I don't think so. The accounting dept is working some late hours and the shredder is working overtime.

[@alexportiiii6414]

sub prime loans is the secret ingredient

[@SpaceTravel1776]

People need a car to work. They HAVE to buy a car somewhere no matter what is going on with interest rates, economy, etc. It’s not a conspiracy, cars need replacing all the time and people are becoming of working age every day. Accidents, breakdowns, etc.

[@preeyakumari-i2q]

@@alexportiiii6414. Not when your going into recession

[@martingriggs6362]

Yes, part of it is financing. The fact is many people hate the new car dealership experience. They hate it so much they are willing to go to CarMax spend more for a better experience. It's strange to people like me who actually enjoys going to car dealerships. I saw another video about car payments, someone had a $1300 car payment at 22% interest! Crazy!

[@JustherefortheLOLZ]

22% interest? Charge the damn car.

[@arthercasillas2755]

I sold cars but i was brutally honest. I would say to the buyer "You are upside down and buried in this car, the only way I can get you out of that Dodge Challenger is to further bury you into a Higher Priced Ride to enable me to finance the 120 percent the LTV with an APR of 23 percent with Westlake! Its 9,999 Cash to move the needle. Your decision I just want to to love this car before you marry it. I made like 8grand in my best week.

[@jamslam5641]

I've bought cars through Truecar, Costco and others which require zero negotiations. Even Amazon offers a buying service now for Hyundai. So negotiating isn't required anymore. The reason I bought my car from Carmax was because it was the cheapest price I could find and financing rate was reasonable with very little down-payment required.

[@thetruthyes]

I've been car shopping for the past 2 weeks and dealers are selling used cars for msrp or even higher. They don't want to negotiate at all, especially if the customer is more aggressive. They don't even bother responding to email, they always lie and manipulate. At this point i don't even know what to do to get a fair price on a suv.

[@artofthefade]

The last dealer I went to I let them know what I want, how I wanted it and let them know in advance not to try any of the sneaky tricks I’m just coming in buying a truck and leaving. Yeah they tried adding on extra warranties and bull I almost walked out but I figured it would be the last time I ever try a dealership. The people who work there are dishonest crooks and can’t even accomplish the basic task of selling a car to a cash buyer without the extra bs. I hope they all fail

[@davey5586]

I don't even look at vehicles at ANY dealerships. I only buy from local individuals. I haven't stepped foot on a dealers lot since 2002 and won't again.

[@OOICU812]

Same. Got tired of their bs mind games.

[@ThreeDogsTwoCatsAndAWife]

Same. I always bought used cars, cash, from the street. My wife bought a used car in 2017 - we were at the dealer for 5-6hrs. Hated it. Left with an additional dealer BS service, but I milked them for all the silly oil changes. Only car we took in for oil changes. I did the other cars. Until bought a Tesla. On my phone. On the couch. Picked up at the “dealer”. Took 20min, and ten minutes of it was me making and drinking their coffee in the lounge. No more oil changes.

[@edwinmontero3843]

So, the car market is not crashing???? Anything past 9% APR IS INSANE! 6-8% is still crazy!!!

[@bluethunder9102]

Apparently not perfect credit is getting hit with 6 on a used car

[@MattSchuster2565]

9:44 so, if dealers cant lower prices due to manufacturer price restrictions, how do they sell them cheap to carmax? If they can sell them cheap to carmax, why dont the dealer just sell them cheap to the consumer and make money off finance interest? Sounds ridiculous to me.

[@paceauto5382]

“It’s all making sense because you have more people with bad credit than good credit that can’t get a bank financing at under 10%. “ When they go to a carmax they get approved at 23% for a used vehicle, the ultimate finesse💯🤦🏽‍♂️

[@sparkydogsparky2992]

People are still buying high-priced cars, so car prices will remain high.

[@josephkelleher8820]

It screws everything up for those of us who want to pay a fair price for a vehicle.

[@saleens330]

Car dealerships look like a ghost town near me.

[@katman8714]

I've bought 2 cars from CarMax, very easy, no pressure 😊

[@tenfourproductionsllc]

So have I. Both Ford Escapes. I still have the 2002 Ford Escape I bought from them with 325k miles on the original engine and transmission... The other Ford Escape, had all kinds of problems and the transmission went up at 90k miles, virtually the day after I paid it off. I suspect the 14 Escape was in a crash although I can't find evidence on it.

[@RodT87]

But you paid thousands more for less pressure.

[@tenfourproductionsllc]

@@RodT87 I concede that ponit.

[@Dennis0824]

Here is the part that CarMax is not telling you. They sell those cars for higher than MSRP with a 20+% loan. CarMax bundles those loans and sells them to Wall Street. Wall Street then bundles those loans into CLO's (colateralized loan obligations) and sell them to pension funds, and hedge funds. That recycles the cash back to CarMax, and the process repeats.

[@robertanna9964]

Yup. It'll be 2008 all over again.

[@Dennis0824]

@@robertanna9964 It is going to be worse this time.

[@slowjamcdub]

Don’t waste your money on those high prices. Get a $2000 paid off junker and drive it til the wheels fall off!!

[@jaywhy1773]

The carmax near me sales 400 to 500 cars a week. They are literally doing better than any dealership.

[@karenb5097]

Carmax is a great place to go when you have no idea what kind of vehicle you want to purchase. Back in 2016, I bought a 2014 Honda Accord Crosstour with 19,000 miles on it. I was torn between buying an SUV or another sedan. I was familiar with Honda Accords but had never heard of the Crosstour. When I saw it, and sat behind the steering wheel, I knew it was the one for me. It has turned out to be a great car and currently only has under 78,000 miles on it.

[@MiteshDamania]

The Honda clarity was built on that

[@nunyabizness3382]

kinda funny cause a few months ago you said carmax was screwed???

[@appleforever6664]

It’s been over several months ago but prices continue to remain. 😂

[@VortexVibe634]

He, and a few other channels have been saying the same thing for at least two years

[@carquestionsanswered]

Carmax has lowered prices... That's literally what this video is about

[@bluethunder9102]

@@carquestionsansweredprices arnt going down buddy they’re just depreciating

[@stephensandler]

Here is a thought CarMax is cooking the books.

[@jamslam5641]

As someone who purchased from Carmax recently, I can vouch that not everyone paid retail or financed at 28%. I actually got a great deal (under wholesale) and financed in the low teens. Also didn't require much down. Now I'm not promoting Carmax since they gave me the runaround when the car broke down so their service center is trash. They finally repaired it under warranty and it runs well (for now).

[@bigdogpete43]

"Low teens"? And you think that's a good deal?

[@rbryson07]

low teens?? that sounds terrible?

[@jamslam5641]

Avg used car rate is 12% so I think it's a good deal. I was approved for 8% at a credit union but I woulda had to put $10k down.

[@Dohair879]

That’s an awful rate.

[@rbryson07]

@@jamslam5641 avg used care rate is nowhere near 12 but we dont know your income or credit score. i'm seeing 4.5 - 5.5 personally

[@TheSocalfisher1]

I worked a auto shop, belive me you want the extended warranty if you buy from carmax. One individual bought a 2022 frontier drove it 60 miles total miles on it were 97k the cat went out and they refused to fix it. They made him go through the extended warranty. That took two weeks for approval for repair. And another had a 2023 kia come in with a blown engine. Customer only put 1100 miles since purchase That was 8 months ago and still waiting for a new engine because they are on national back order. And plenty more. Buyer be ware.

[@baozuci3594]

It'll never last. As long as demand for new cars are tanking, the prices of used cars will steadily tank, too.

[@jonathantaylor6926]

Not exactly. You can't manufacture a used car. The problem with fewer new cars being sold is there being fewer used cars hitting the market. When people buy a new car they typically sell or trade in their old car.

[@patrickmichael8655]

50 grand for a truck that’s crazy

[@Ricky-l4b]

It's insanity

[@bikefax8177]

65k here in SoCal LA

[@brandonbman5921]

Glad to see you're still at it tilting at windmills Don Quixote. 👍

[@jordanimatedstreaming]

That's the cash price. To financially realize the expense it is necessary to incorporate the cost of interest. Let's not forget there's also insurance, title transfer, license plate, registration, and yearly tag renewal.

[@roastum1usa206]

50k that was yesterday 🤷

[@hoggs1]

Thought it was OVER two years ago….

[@JasbirSingh-zj1fg]

KZbinrs grossly underestimate American buying power.

[@ericwyss4164]

For my convenience I sold a 2017 Hyundai Santa Fe Sport to CARMAX in San Antonio. They managed to sell it for $3300 more in about six weeks. I owned this car for 3 years and put 65000 miles on it for a total and the depreciation of this used vehicle was $5800 for me.

[@Brian-nb6fb]

As a baby boomer, I hate dealing with new car sales. So if I can get a price of a car on the computer and skip all the dealership games, I'll do it. Favorite line from a salesman, I'm going to go to bat for you! RIGHT 😮

[@FredJones-lo2df]

Making money on high interest loans

[@justSTUMBLEDupon]

20% interest or more. Credit card level interest rates on 30, 40, 50k vehicles

[@jamslam5641]

Carmax owns their own bank so that's true.

[@armchairanalyst5931]

You’ve been making the same videos for months and years. Prices are not dropping like crazy

[@tony-ce7qp]

watch out folks flood cars will cause chaos very soon.....buy your cars from this guy because we all know he is 100 percent HONEST!

[@Wesley-rn7oc]

We dont know that.

[@paceauto5382]

Mostly they are only getting away it at the auctions, most people are on to those junks.🤷🏽‍♂️

[@653j521]

@@Wesley-rn7oc You may be no judge of character so you don't know, but we do.

[@Wesley-rn7oc]

@@653j521 lol but you don't. Your whole view of Brandon is shaped by Brandon.

[@briand4000]

100% honest used car salesman? Seriously?

[@ProblemChild-xk7ix]

Paying 23 percent interest on a car is very stupid.

[@almurphy1884]

We have anything like carmax,,,we have smaller dealers that are crooks,,,and interest rates are out to lunch

[@Just_B2U]

I’m confused because a previous CQA video highlighting Carmax said that their problem was that oem mfgs were lowering prices, which put new car prices in line with carmax’s used prices, so Carmax was in trouble, but now it’s the opposite?

[@rustyshackleford5166]

Its a sad day for the car market when it's lower interest to buy a car outright on a credit card rather than get one of CarMax's loans. I have a card I got a while ago that's capped at 17.99%. Insane that credit card debt is a better deal than a loan.

[@pl5861]

I just checked Carmax prices on each of the two new Toyota's I bought in 2023 and Carmax is charging MORE for the trucks (4runner and Tacoma) than what I paid for them new at the dealer.

[@mktwatcher]

Just wait till they have to begin raising their Loan Loss Reserves. Profits will drop.

[@Riconald]

I bought a 2013 Mercedes Benz C300 4Matic from Carmax about 6 years ago, and I still love it..❤❤❤❤

[@ArtVanAuggie]

A Mazda with an ankle monitor? Does that mean it doesn't have a clean title?

[@JamesEnriquez-dt5xg]

CarMax taking advantage of a challenged consumers credit with extremely high interest. Only in America 🇺🇸!

[@jwill540]

They're not taking advantage of them they are stupid people who make stupid financial choices.

[@GOOSEMON2007]

“It’s the end of CARMAX as we know it and I feel fine…..”

[@xeroxboy01]

Its peoples fault on why they are getting shitty rates. If your credit sucks, your debt to income ratio is bad, and you have little to 0 down payment what do you expect? People also sont shop around or look at their contractual agreement. They get sucked into the new car scene and dont care about everything that comes are you drive out the dealer. But then you have them complain.

[@ccarts2567]

An $800 plus payment on a car loan is already stupid. The interest rates are not sustainable. They still need a few more years of lot rot to understand.

[@philn1601]

Some car dealership went broke here in Houston, TX and took with them their unpaid customers trade in cars.

[@EvySurvived]

WHAT

[@stephenpolos1689]

Good video 😊 I never buy used vehicles I buy from a dealer I have bought before but I still question them don't buy. Add ons I'm in California and some dealers don't give discount this is going to be the third vehicles from same dealer never buy from carmax or carvona don't have a credit problem

[@OnTheAir]

23% interest?! Whoever buys a car at that interest rate is crazy. Hey, go to Brandon's lot instead and buy a car you can afford.

[@bradjohnson9672]

MSRP is nothing but a number the manufacture thinks the market will bear. It is not a close account of the amount of money it took to build that vehicle. If you can get the invoice price, double that difference from MSRP then subtract that number from MSRP to get an approximation of what the dealer paid the Manufacturer for the car. (This I don't know) but I would think subtract that number again to get a number close to what it took to produce the vehicle.

[@TheSonyExperience]

There is a simpler way. You can look at the manufacturers margin numbers. Ford has an average profit margin of 3.5% so if they sell a car for 40K, the margin would be 1,240. For everyday mass market cars, the margins are trash. Luxury vehicles have better margins but it varies.

[@preeyakumari-i2q]

@@TheSonyExperience. That’s why they only sell tucks and SUV’s way better margins

[@Jefleopard]

It’s not lazy to hate dealing with car dealers. Is common sense.

[@Lane9693]

I bought my car in 2019 from Carvana and had a great experience with them. Love my car. Paid it off in 3 years and now i’ll drive it another 10 with no payment.

[@exmega]

two things that i had pounded into me by the sales guys at work. a little bit of something is better than a whole lot of nothing and quantity is a quality of its own.

[@wendyalcock1924]

I bought a car at carmax. Great experience. And i immediately refinaced at a lower rate at my credit union.

[@jrs9264]

Hate to break the news to you, but in Florida, the amazon dealers still charge msrp, ADM, $999 processing fees, and , of course, marking up bank rates on loans and trying to also force dealer add-ons like virtually almost worthless extended dealer warraties. 💰🤑🙄💥🤡🐷 that drives people to buy from CarMax, Carvana, or used private sellers. 👀💯😳

[@MrMoneyHelper]

Three months ago you were saying that Carmax was buying cars too high and that their prices were so close to New cars at retailers that they weren't good values.

[@John1925T]

Carmax prices ALWAYS. Hgher than ANY other dealer by several thousands$ i know i have studied this recently. Carmax should be named maxscam.

[@pleaseadoptus]

That's not true. I've studied it too. It's usually around the same as any used car at a dealer.

[@jamslam5641]

Not true. I can vouch that I got mine @ under wholesale. There's actually good deals to be had at Carmax.

[@charliek70]

They offered me an insane amount of money for my vehicle, so much so that it seemed scammy.

[@tonyzito4628]

You are so wrong​@@pleaseadoptus

[@tonyzito4628]

They offered less than half. What I got for a trade and another dealership who are you kidding? You must work carmax

[@Ondawuey69]

Always try your local small dealer, because the have a smaller overhead on cost of doing business.

[@jdub1139]

How many vehicles will be repossessed after the buyer stops making payments because they can’t even afford the interest on the car?

[@gregoryjowers3629]

It’s over again it’s like it happens every week now

[@loki_wolff]

They may not have the absolute best prices but I would consider the ease of finding a certain car and easy buying process is a product itself. They generally have better condition cars on their lot too. I was looking for a specific model of Challenger and their website made it so easy to find the color and spec I wanted on a car not made anymore. Shipped it for a small fee and paid cash for the car. Even have a 5 year warranty on it too which I've used with no issues on other vehicles i got there in the past.

[@MangoAfro-]

I was looking at a used suv and it wasnt worth it. Nearly 50k miles and asking for near new car price. Decided going with a new suv over a used one. Plus most of the used suvs i was looking at were car rentals...and we know how well car rentals are taken care of.

[@lamarcutts2511]

Toyota's MSRP Has Went Down Since Being Built In Mexico Where Their Labor Cost Is Around $6 @Hour But Yet They Increase The Price By 25-30%...Consumers Are Stupid To Buy Any Vehicles For The Next 12 Month's....😊😊

[@MrKillswitch88]

All that money saved likely went to the pockets of the csuite and buying back stock.

[@JustherefortheLOLZ]

I didn’t want to buy a new vehicle yet because I knew the quality issues right now. However, thanks to Mr. Trump my hand was forced.. buy now or add $6k to get the exact same vehicle.

[@carolynpeca2818]

@@JustherefortheLOLZ- I don’t believe that will be the case. I’ll hold out until they become desperate to sell, then decide what I want and be prepared to spend the day “negotiating” ONLY to sign paperwork (after reviewing carefully) and then get check from credit union to pay for it and not their ridiculous high rates! I always let them think I’ll be financing through them - and they tell me how they’re giving me best rate. It’s all a game but worth playing because how much I have saved. I once got a $35k plus car with all the bells and whistles for $24k (including tax and license out the door). Just requires patience and willingness to walk out door if not getting what you want. I’ve never been attached to any car more than my money and budget to pay for it!

[@danyvoid77]

Mexico has made the Tacoma since 2003. Toyota’s quality is the same anywhere in the world.

[@tonyzito4628]

I don't know about where you're edit, but here in Illinois, torments is way over price than any for dealership.

[@andviv]

All your videos now are “Carmax is doomed” and yet, every time I stop by Carmax, they are packed full of people buying…

[@cbiii]

The CarMax here in Lakeland Florida is doing well😊

[@batsonelectronics]

new car sellers have to provide a warranty, used car sellers generally have none or 30 days at most. Not paying out thousands every 10-20 cars allows them to make more money with a lower price, vs a new car dealer that can't do that. I also notice Carmax is offering low ball amounts for trades, and that helps profit.

[@kevinmarble5260]

inventory and warehousing is an expense line that CAN bee + with volume too.

[@rickmcsheridan4949]

You guys crack me up. Last month, you were claiming they were overpriced and couldn't sell cars. Now sales are up, and their making money and can afford to sit on inventory. You're worse than the kid who cried wolf.

[@carquestionsanswered]

Because they've lowered prices

[@unkelruckuss]

One of the greatest advantages of buying from CarMax (and Carvana, etc) is that there's no thieving, lying, scumbag car dealers to deal with. This is especially true if you are trading in a vehicle. Many people cannot or don't want to negotiate and are happy to avoid the stressful situation of dealing with salespeople. If course you would be an exception. 😁♥️😁

[@jamslam5641]

Carmax is a dealer. When I was purchasing a car there they pushed hard for extended warranty like all other dealers.

[@unkelruckuss]

@jamslam5641 Did you have to haggle with them over the price of the vehicle or the value of your trade-in?

[@jamslam5641]

No, they have no haggle pricing. Take it or leave it.

[@Staetik]

Carmax being shady as they are saved my bacon and I will forever be thankful. I'd never buy a car from them, but thank you again Carmax for getting me out of my loan and putting money in my pocket :)

[@virgiljohnson7504]

I don't think we've seen the worst of it yet the new car dealership are fixing to take a bath like they ain't seen since back in the late seventies but everything goes around ???

[@pilninggas]

All those leaves blocking the scuttle drains and causing rust and a damp interior on a 'new' car...

[@nancysimpson4246]

I would never purchase a car at 20% interest and up never half them cars will come back to the dealer. That’s just outrageous too high of a price.

[@RodT87]

CarMax prices are ridiculous. I hate haggling but I'm not giving them 2 to 3 grand over where everyone else is for the same cars.

[@Go4Corvette]

If you're a independent used car dealer and near a Carmax you're screwed 😢.

[@24242424s]

If new cars are sitting 1-2-3 years can the buyer just tell the dealership that at this point they are considered used since they have probably not been serviced?

[@jspzombie453]

You don't have to pay for any of that sh-t. What you do is show up late and drag things out for hours way past dinner time until you get a fair deal on the new vehicle. We just did it.

[@Holt333]

I don’t know what it is but I love that Mazda Carbon Edition

[@Sam-f1k8e]

the automakers thought they could increase their prices to mimic the cost of food and housing. they need to cut their prices 30 - 50% !

[@emmanuelc7472]

This smells like 2008 mortgages targeting people that can’t pay them back

[@emilyfeagin2673]

Very informative, thank you

[@chrislauterbach8856]

Is Carmax actually lowering tis used car stickers? If so how can one tell?

[@RayNLA]

Why do you care, and why should we???

[@tenfourproductionsllc]

Like it or not, CarMax has a very successful business model. You go to a dealer and you maybe get to see Buick/GMC and maybe Chevy and that's it. So you go from lot to lot and having to deal with salesmen after salesmen,. With Carmax, you get to look at cars from almost every single maker in one lot. CQA's business model is obviously different.

[@djc7039]

Any numbers from Carmax need to be questioned

[@AnyoneSeenMikeHunt]

"You will own nothing and be happy" - 2016 World Economic Forum vision for 2030

[@texZR2]

NEVER pay MSRP.. you are a fool if you do. Great video as usual.

[@lamarcutts2511]

Most Consumers Are Too Stupid 😊

[@tradermunky1998]

Wonder what that makes those that paid well over MSRP a year or two ago 🤔

[@brother_bear_one7340]

And exactly how do you manage that? I'm being serious as I'm currently in that market

[@texZR2]

@@tradermunky1998 It makes them very upside down. I had a '21 Silverado Z71 Trailboss I bought around Christmas 2020 just before Covid. Gm was running employee pricing and rebates and I got it for 52K out the door. I ended up selling it to Vroom 8 months later for 57K. Made 5K off of a new truck.. will never happen again. LOL

[@653j521]

On used cars? Who pays that for used?

[@ohhs7830]

Carmax is turning real cash into inventory. That's only good if they can sell the inventory for more than they paid for it. Car dealers are selling their new inventory holdovers at a discount because they couldn't sell some of these overpriced new cars. Carmax is losing money if they can't sell these leftovers even if they have been bought at a discount. Also, all these unsold cars at Carmax are losing value just sitting in the parking lot. Finally, the 20% interest buyers can lose their car because they can't handle the payments and still owe money to the finance company.

[@corvettemode1556]

What is the difference between Carmax and a typical dealership? Everyone says buying Carmax is easier. Why?

[@mtejada10]

The price that’s listed is the actual price you pay. They don’t tack on doc fees and other stuff like dealers do

[@jamslam5641]

Not true. Carmax charged over $100 in fees.

[@michaeljones3765]

They have thousands upon thousands of cars that can be shipped to your local Carmax. You can be very specific. I had them send a 2017 Porche Boxter, drove it a few days, and returned it. I didn't like the handling, or the closing of the top. It was well worth the $99 I lost in shipping. I decided to just stick with my Z line.

[@ChrisPoindexter]

I'd be interested in a segment on the best way to buy a car when you're paying cash. Obviously that leaves out Carmax.

[@ArtLysense-m2m]

You’d go to a car dealership, pick out a vehicle, test drive. Then write a check. It is not difficult.

[@BaSYaVSkI]

"CarMax is a good company" is kind of a stretch, considering that 20%+ car loans. As a business, sure, charge the fools as much as you can who wants to buy stuff they can not afford. I guess tt is similar to drug dealers and users, who is there to blame, "the chicken or the egg".

[@ejdtm]

Weren’t you making videos last year that Carmax might go out of business because they paid too much for cars.

[@mjerome1457]

A 2020 Mazda X5… selling for basically $30,000 is totally insane… Again a 2020??😳

[@bwlyon]

A challenged borrower needs to be at your car lot and get an under 5K beauty! 23% interest on an auto is stupid tax on steroids.

[@OnTheAir]

Where does CARMAX get all their cars? Auctions? Dealers?

[@John1925T]

Mostly other big dealers becuase carmax pays cash dealers like that.

[@bluethunder9102]

@@John1925Tnot true, that’s part of it, but customer trades make up a huge chunk

[@renegadeflyer2]

Auto companies were getting rid of the lower value vehicles. Build less high price vehicles. Make much more per vehicle and make more profit. And not have to build as many vehicles.

[@preeyakumari-i2q]

Think about it, less of everything needed, less materials, less overhead, less workers, less benefits, less factories, more profit

[@jackalay23]

Carvana and Carmax prices are on tilt. Literally 5% less than a new one. Its an accounting ponzi.

[@iwishpeoplecaredagain]

What is a good used car to buy, preferably not from a dealer for a 17 year old girl? Nothing fancy but reliable. Any info would be greatly appreciated. Thank you

[@chrisschoenfeld4414]

That RAV 4 with 20% down and 23% 5 year loan would be $888/mo, and $28,500 in interest - more than principal. Who the would do that to themselves?

[@briand4000]

Idiots. And more are born every day.