Carmax Selling Bad Cars 5 isn't bad for a trade in value, depending on what You're looking to get. How Long Does Miracle Whip Last Before It Goes Bad?. Carmax also requires you to visit their outlet for a car inspection and has high fees of around $100-400. CarMax is a popular pre-owned or used car retailer based in the United States. It is the exact opposite of negative equity and is more commonly referred to as “profit. I've had people tow cars in and get offers. I had to deal with lots of time wasters and low ballers while selling my car. I had been impressed with Carmax and purchased two cars from them in the past. If you want to check out other sites like Carvana and CarMax, where you can get an instant offer, CarBrain should be on your list. That can include studying cars with great value, safety ratings and that last a long time. Don’t expect to get a great price, though. A cool thing about buying from Enterprise used cars is that they offer a few unique benefits to try and beat out the rest of the market. These issues arise at any time. You must be honest because if you didn't post the right information, all this would be just a waste of time for you and the buyer. We learned what CarMax is and how do they work. i sold my car to carmax - about 10% less than a good selling price privately, less than trade-in too. We've gathered smart strategies and expert advice you'll need to transition seamlessly between your living room and the lot. Some of these laws include regulations put into place by: The Federal Trade Commission (FTC). CarMax offers are final and valid for seven days, so you won't be able to. You can finance your car with CarMax or choose an outside lender. Used cars in Houston, TX for Sale on carmax. These appraisals are often well below what you’d get if you were to sell the car outright, but it gives you another data point before walking into the dealer. Once you’ve attained an estimation of your car’s worth, it’s time to drive down to your nearby CarMax. Something as severe as a blown motor or a failed transmission will command a high price tag. ABathingSnape_ • 2019 Golf R 550+whp (RIP) // 2021 Supra 3. With more expensive cars, you need to leave more room, so to get $15,000, you should list the car at $16,500. Repainting and body work is pretty easy to detect, most buyers use a . All CarMax Auto Finance customers should send payments to: CarMax Auto Finance. Before you even begin to think about selling your car, you need to know how much your vehicle is worth, and whether or not selling will be profitable (versus simply trading the vehicle in). Carmax makes it easy to sell your vehicle to them. If your vehicle has severe damage and is in need of repair, it may not be. 2014 Chevrolet Silverado 1500 High Country. This is the first area in a negotiation free car dealership that you can negotiate. Honestly this is the reason most people sell their cars to CarMax. Whether you want to buy a car, sell your used car. Checked the car fax and it’s a bunch of “vehicle sold” and titled issued writhing in 3 month span. We made sure it did not belong to a. Upfront prices, clearly marked on every car. Americans bought about 40,000,000 used vehicles last year, and according to the Wall Street Journal used cars values are on the rise. The shortest answer is Yes, CarMax buys cars with mechanical problems and those with a bad transmission. , CarMax Auto Finance offers auto loans to people who purchase a used car from a CarMax location. CarMax purchases vehicles in a variety of conditions– including those that have faulty transmissions. Purchased a car for my daughter at the Charlotte, NC store. Because Carmax can get the premium return along with a seller fee of about $165 for each vehicle sold, Carmax can pay more …. The company will have a chance to rectify the problem before you move forward with the lawsuit. Not a bad side gig while this market is on fire. CarMax also reportedly accepts vehicles that have salvage titles or have severe damage. This is proof many consumers don't care about the lowest price. You can probably scrap it or sell it to a place that will sell it for parts. TrueCar lets you get a True Cash Offer for your car in minutes. Remember, CarMax is pulling their info on what a car is worth from their own database. But according to CarMax, the following is what happens, once you decide to sell your car: First of all, CarMax wants you to know that they buy “all kinds of cars”. Over Its Alleged Failure to Disclose Vehicles’ Open Recalls. What Are the Symptoms of a Bad Car Battery?. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. Unless the make and model is a particular one. The only things I didn't like about this dealership was the fact that the salesman didn't know much about the …. Here are some tips on how to sell your car on C. One popular source for fast car appraisals is the CarMax Sell My Car program. Long story short, the process was supposed to have been one in which I uploaded a description of my 10 year old car to Autonation's website, and get a "certified. Trading in A Car With Body Damage. They pride themselves on being transparent and "haggle-free" , and that applies both to buying and selling vehicles. That's not a bad thing, but when I buy I car I like talking "car talk" with the salesman. I get 40 on gap and 100 on extended warranty. There are two simple ways to receive your free, no-obligation offer. I was cheated out of the money I mailed in $2201. CarMax has 246 physical locations located across the U. Clark believes credit cards with exorbitant annual fees are a bad idea for most… Best Cell Phone Plans in 2023. 9 percent above the previous year’s sales. Currently, CarMax has 240 locations across the U. You may be able to pursue the case in small claims court, where you wouldn't need a lawyer, or you might need to hire a lawyer to sue in superior court depending on the small claims court limits in your state. Should You Get a CarMax Pre Approval When Buying a Car at CarMax. Xem thêm : Can A Bad Alternator Cause Low Oil Pressure Updated 09/2023. Usually cars are pretty strong smelling for the first 2 days. If unopened and left in a pantry, Miracle Whip can last for a week past its use-by date; if opened, it can last for a month past its use-by date if refrigerated before it goes bad. Should You Buy a Hybrid SUV? Should You Buy a Hybrid SUV? Fri, May 20, 2022. How to Sell Your Car to a Dealership. Double whammy! To make it right, CarMax then offered to get me a Mini Cooper and to see what they could do to make it right. Illegal car fixes and car repair fails. Yes, CarMax will buy a car with a bad transmission. Selling a Vehicle to CarMax: Sellers can take their vehicle to a CarMax location for inspection. It’s worth it to ask them if they’ll cover the brakes. When selling, offer may be less than you can get in a private sale. Cons: You have a full week or 250 miles to test drive a car after you buy it, and you can return it for a full refund in that time frame. That’s a big difference from the loan rates for people with credit scores of 661 to 780 (considered …. Sell It To An Online Dealership — Companies like CarMax and Carvana have taken advantage of the internet and made selling a car that’s been totaled online a possibility. Vroom can deliver any of the thousands of vehicles in its inventory to your doorstep for an added fee. At CarMax Norman one of our Auto Superstores, you can shop for a used car, take a test drive, get an appraisal, and learn more about your financing options. Long story short, I just bought a house. No-hassle buying and selling, plus 30-day returns (up to 1500 miles). You have to accommodate time wasters, test drives and haggling. Carmax selling a car often : r/carmax. CarMax will buy cars with 100,000 miles on them but won’t resell them to consumers. In fact, over 1,500 complaints were filed by consumers with the Federal Trade Commission (FTC) and over 800 complaints were filed with a branch of the Better Business Bureau between 2011 and 2014. Many dealers sell a mix of new and used cars so the risk is diversified to a degree. , claims that every car it sells passes a “125-point inspection,” but reports show the car . The tax savings isn't usually a huge deal. is a used vehicle retailer based in the United States. So I was a little bit bored over the weekend. We can help you sell a car near you. Are you interested in purchasing a new car and won’t need to keep your old one? Or are you transitioning to a single-car household now that your spouse is working remotely? Whatever your reason might be for selling your car, knowing its pot. Some are a good deal, some are not worth it. Experience with selling to CARMAX? : r/cars. “As Is” Disclaimers Are Not Effective If Disclaimer Not Properly Worded or Disclosed. You can also take a look at our Used Car Pricing Guide. Selling a used car privately can be a great way to get the most money for your vehicle, but it can also be a daunting task. That’s where you, the public, comes into the mix. The individual would not have purchased the vehicle if they were aware of the material facts at issue. Now that you know the basics of selling your leased car to CarMax lets help you get a good payout. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court ("the Court") to …. Should I Sell My Car To Carmax (The Answer). But it also means understanding the current market — and market pricing — for the make and model you want. Does CarMax Take Cars With Damage? Here Is The Process. Won't be any extra effort vs getting the car to carmax or the equivalent. Our best advice: if you plan to finance, determining your budget is an important first step. 45 min later walked out with a check $2500. At CarMax Kearny Mesa one of our Auto Superstores, you can shop for a used car, take a test drive, get an appraisal, and learn more about your financing options. Only Available at CarMax Bakersfield, CA. Our assortment of tire services, including alignments, flat tire repair, balancing, rotation and more, are tailored to provide you and your vehicle with the service you need to keep you rolling with confidence. Does CarMax set the rules of the auction? While this did not have much of an impact on the prices that cars sold for, it did …. The detailers get paid per car so they are quick with getting certain things done. They gave me $1000, and I was happy with that. the third-quarter average monthly payment on a new vehicle was $736. Which is very ridiculous knowing I didnt have car to make money. In the three months that ended in November, its vehicle sales fell 21 percent to 180,000, and net income. CarMax vs Carmigo | The Verdict. If CarMax had only a 1% failure rate (which most company’s benchmark is 0% to 10-15% product failure rate), that 1% is 9,243 vehicles with major issues, even though that 9K+ sounds very high, on the. It is completely safe to give out your VIN (it is within plain sight, after all). To illustrate the importance of this step, here’s an example: You’re offered a $30,000 car loan by CAF, and you have your. Plus, unlike other dealerships that are limited to a. At CARMAX AUTOCARE, we know tires, and we know purchasing tires is not an easy task. I sold it quickly by listing on Craigslist - fully disclosing the bad engine (although car still operated) and got $2,000 CASH. It has over 200 retail locations in 41 states with its first store opening in 1993 in Richmond, Virginia. It's a very worthwhile investment to buy a basic OBD reader as well. We will buy your car even if you don't buy from us. Once you’ve set your budget, see our list of the best cars for the money. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partners. Use our car search or research makes and models with customer reviews, expert reviews, and more. “Get the car detailed and make it look as good as you can possibly make it,” DeLorenzo says. CarMax makes it easy to sell your car. It had 23 miles, and I paid $20,814. Interest rates and dp asks tend to increase with older and higher miles. Furthermore, the engine programing had been affected and uninstalled to work correctly. Pennsylvania Attorney General Josh Shapiro, along with 35 other states, reached a $1 million settlement with CarMax Auto Superstores that requires the company to disclose open recalls related to th…. The first CarMax used-car store opened its doors in Richmond, Virginia, in September 1993, and business has skyrocketed ever since, and CarMax is now a Fortune 500 company with 215 stores across. Carmax vs Carvana I bought a car from both to see what the. You can estimate your vehicle's worth from websites like Kelley Blue Book , Autotrader , and NADA Guides. This quarter’s provision was $75. Sell a car to carmax if/when car has a "problem"?. When you buy used cars from Enterprise Car Sales, you get our 7-day buyback, so if you change your mind, we’ll buy a car back with no questions asked. Selling a used car can be a daunting task. Investors have mostly looked past automotive industry challenges. Why or Why Not You’re Better Off Selling Your Car With Blown. If you are a business suing Carmax, you can sue for a maximum of $5,000. Of course I would have gotten more if I sold private. If your car has a bad transmission or other mechanical problems, CarMax will buy it. CarMax Review: trade in scam. I had to clime in passenger side to get in to it. CarMax is another good option for selling your car. Does CarMax Buy Cars That Don't Run: How To Sell My Car?">Does CarMax Buy Cars That Don't Run: How To Sell My Car?. CarMax, another used-car giant, is also hurting, although it is on much steadier ground. (You could have purchased this car for $8,500 or a little less with some haggling from a normal dealer. You can’t just not pay or you risk collection calls and ultimately a repossession. Will you get the best price possible for it? Not necessarily. (Turns out the price was fair enough btw). Once you have taken ownership, you have a 30-day or 1,500-mile money-back guarantee if you are unsatisfied. John Matarese tells you the two words on a Carfax report you should steer clear from when looking to buy a car. CarMax used to be the place for fair deals. Of course, not every CarMax employee is some kind of scumbag, but the two locations I visited left a bad impression, unfortunately. Will CarMax buy cars with dents? Contents show. We were very exited to purchase as car from CARMAX, after selecting a car we found our title had been misplaced- we recently moved into the area. The Ultimate Guide to Selling Your Car on Craigslist. re Better Off Selling Your Car With Blown ">Why or Why Not You’re Better Off Selling Your Car With Blown. This varies dramatically from one location to the next. I was completely honest with my description of the car and it’s condition. Will CarMax Buy A Car With A Bad Transmission? Yes, CarMax can buy a car with a bad transmission. Regardless of how you sell your car, you’re going to need a few things:. Multiple car financing options. That average impact on retail value jumps to $1,700 for a vehicle …. That's without adding tax, title, registration and shipping fee. Should I Fix My Car Before Selling to CarMax? Repairing your car prior to selling to CarMax is not necessary. Buying a Car From Enterprise: What to Know. car from CARMAX or CARVANA a bad idea?">Is Buying a car from CARMAX or CARVANA a bad idea?. CarMax has 1392 reviews (average rating 1. May have high mileage and close to end of warranty. Is it worth it to buy a car from carmax? : r/carmax. I really like their business model. No haggling, but overall you will probably find great versions of cars where you would find a beat to shit one on a no-name dealer lot. 12 brokerages have issued 12-month price targets for CarMax's stock. While giving away your negotiation power might be a tough pill to swallow, there are a few benefits that come with doing business with CarMax. I plan to finance the car through the dealership. the dealer is legally responsible for your damages. The Breakdown on CarMax: Is It a Good Deal?. CarMax Fraudulently Dealt in Cars That Don’t Meet Emission …. You can sell your car the way you like. Cars Ready to Sell: Meet the Master. Best way to sell a car with mechanical issues(disclosed) : r/cars. I would disclose everything and take the best offer you can get. My car was low mileage, great condition, still under warranty, etc. Selling truck to carmax : r/personalfinance. Best Places To Sell a Car Online: Top Picks. It takes on average about 45 days from the date of you purchasing your leased car to be able to sell it to CarMax. I have never been late on my payment but only$1000. Start shopping for a used car today. But the red flags in the results and broader car market are hard to overlook. There is nothing wrong with selling a car to CarMax. Best for those looking to use a car-buying program. 0 Premium • Additional comment actions. Of course, damage of any kind will affect a vehicle’s offer, as CarMax …. ” You can browse the store’s inventory nearest you or anyone nationwide and find the car you want. Lithia Motors wasn’t far behind at $2,038 while other dealer groups such as Asbury, Penske, AutoNation and. But damn I’m still stressed about. If your car has any issues, it is up to you as a car seller to be trustworthy and honest. From a simple wash and wax to paint touchups and leak checks, here are 5 simple steps that will minimize your car’s rust risk: 1. Does CarMax Buy Cars Step #3: In-Person Appraisal Of Your Car At A CarMax Lot. CarMax also has a 3-day Payoff Program. I attempted to sell my car to them using the Internet feature that was recommended on Jalopnik. You can expect to pay between $30 to $400 to file the lawsuit. Shopping for a used car can be an intimidating experience. With over a quarter of a century of experience, it has developed a reputation for providing high-quality service at a reasonable price. 04 RX-8 -- offered $6k, sold it for $12k. But these days, thanks to companies like Carvana, more shoppers are sorting out the entire process online. If your vehicle isn’t as good as described, the dealer will adjust the offer. Similar to Carmax, Wheelzy offers a no-hassle, stress-free, low-risk car selling experience. Dealers selling used cars “as is” should not discourage consumers or their attorneys from seeking relief. Get a real offer on your car in under 2 minutes. We already agreed on the price of the new car and I should qualify for the promotional loan rates. CarMax claims to buy all types of cars but does CarMax buy cars with a bad transmission?. Sold the car the same day for. But remember: you have seven days to accept the CarMax offer. If you find out that your car dealer sold you a bad car, there are several steps to go to redeem the whole situation: 1. Here, we will dive deep into this subject to provide you with a complete …. Your offer is good for seven days, and you are under no. CarMax provides good offers compared to Kelley Blue Book (KBB. Or, if the vehicle meets eligibility requirements, the seller might get an online quote: that is, an “instant” cash offer, good for seven days. At CarMax Henderson one of our Auto Superstores, you can shop for a used car, take a test drive, get an appraisal, and learn more about your financing options. CarMax Jacksonville - Used Cars in Jacksonville, FL 32225. Used cars in Las Vegas, NV for Sale on carmax. I know many of my relatives have had bad experience buying used cars but I had no problems here. It's definitive proof that GM's ownership of Saab was completely misbegotten. Carmax states my car has transmission problem that needs to be. The Answer: CarMax will buy a car with a bad transmission. com, you can find the perfect used car in no time. If you decide to sell your car on classified websites like Craigslist or even want her to consider the transmission damages, you must be clear with the buyers. You can typically expect the trade-in value of a car with a bad engine to drop at least $4,000 from what it would be worth with a running engine. They are known for their no-haggle pricing and their large selection of used cars. CarMax Review 2021: What To Know Before You Buy or Sell. Does CarMax Buy Cars That Don't Run? The short answer to this question is yes, they do. The most common cause of burst head gaskets is overheating. What's the deal with CarMax? : r/askcarsales. What is your ideal mileage of the used car/age of the used car, if you would like to purchase a used car?, Automotive, 80 replies Carmax vs. Because they are a national chain that only deals with used cars, they've established a research-backed . Especially with this market, Carmax makes it difficult to buy a valued car for what it’s worth, but other than that it’s the safest used car dealership out there. 95% for the most qualified borrowers, CarMax may give other online lenders a run for their money. High mileage is advised for vehicles with 80000 miles or more on them. Although most people will not notice the impact of an upside loan, there are situations when you would not want to have negative equity. You can take steps to prevent rust from forming on your car. 193 reviews of CarMax "I bought my car here. 2016 KIA THE NEW MORNING $4,699 엠 N. It's a tough sell when selling private, seems that once you sell something for over 20K people would rather go to a dealer. Suzuki had just announced they were going to stop selling cars in the US and apparently CarMax's pricing model was based on the latest auction results. Are you in the market for a quality used car? CarMax. It provides an online platform where individuals can sell their cars, whereas CarMax is a retailer that both buys and sells used cars. Enterprise gives you up to 7 days or 1,000 mile return policy, which can help ensure your satisfaction when buying a used car. Bad Credit Used Car Sales San Diego. That said, 3,000 miles is next to nothing, and a new G90 starts at $68,350. 9 million as a result of higher loan loss provisions. Plenty of manufacturers new lots are loaded. The X5 that I bought had one of those awful black ice little trees hidden under the floor mat. Suppose you drive off the CarMax lot in a $9,500 car that you paid $12,500 for. Selling a Car With CarMax Review. Let’s say that you have that same auto loan, and you still owe $6,000 on it. com is an online marketplace for used cars, offering a wide selection of vehicle. Rolling back the odometer is one of the oldest tricks in the books. Their inventory is priced to sell cars with a fast turnaround at prices that are $1000 to $2000 above average retail. With a wide selection of vehicles, competitive prices, and excellent customer service, CarMax is the perfect place. We buy any car and guarantee Fast Payment and FREE Nationwide Towing. CarMax empowers customers to buy a car on their terms – online, in-store, or a seamless combination of both. Carmax markets to people that don’t like the traditional car buying process… and there are a lot of them. Almost surely, the used car dealer will testify that he or she had no way of knowing how long. Used cars in Los Angeles, CA for Sale on carmax. Buying from Carmax? : r/askcarsales. With CarMax and Carvana, the buying process is streamlined and user-friendly, no matter which one you pick. The CarMax petition being sent to the FTC also includes the support of Senator Charles E. Car Max offered me $5000 for the car. I've sold 3 cars thru CarMax, all 3 times they gave me more than a grand on each car more than the dealer at the time. I recently purchased a car from Carmax, love the car. Find the perfect car for your needs at. You can get your free offer by filling out a form on the website or scheduling an in-person appraisal appointment. After the 7 days, depending on the car and the market, the offer could go one of two ways: it will stay the same, or it will be lower. They quoted me both their appraiser's price and the KBB price and offered me whichever was higher, which turned out to be KBB. CarMax does buy cars with engine issues. Used cars in Seattle, WA for Sale on carmax. If the car has extensive damage or a salvage title, CarMax will . You'll have to use it weekly or every other week, along with vacuuming your car, and not bring food into the car. 99% of the selling price, whichever is greater. If I get them the paint protection and undercoating I get another 600. It can also be used on plastic and will leave behind a distinct smell. It completely depends on what car you are looking for. Carmax vs Dealerships, price difference. Don’t Let Accident Reports Steer You Away From a …. Start your search for 1-owner and accident-free cars to get a great deal. It's not usual for a single Carmax dealer to sell over 60 cars in a weekend, most of which have a trade in, not to mention the huge volume they purchase …. So the advertisement took some “creative liberties” on how the Explorer XLT in the ad was priced. The company is clearly in trouble. You can sue a dealer who sells you a vehicle that has been in an accident without disclosing this fact to you. 7 million shares of common stock for $66. Nationwide, it has just shy of 230 dealers, with inventory as large as 45,000 vehicles. Like cars or buying from dealers at msrp and marking them up. Armed with this data, you can make a more informed purchase decision. The number of miles that a car has driven is a good indicator of how much wear and tear it's gone through, so skimming a mile or. Sadly, CarMax doesn’t take credit cards. What you're smelling is a freshly cleaned car with a scent of whatever chemical cleaner they used. The large used lending network is very beneficial for drivers interested in comparing different loan options. After a few weeks I noticed the rear tires are worn and wouldn't grip in the rain. How Does CarMax Work? CarMax is a used car dealer that has a "no-haggle" policy for selling and buying used vehicles. sold just over 924,300 used vehicles, 22. Whether selling to CarMax is worth it depends on the individual’s goals and circumstances, and it is possible to sell a car to CarMax without buying a new one. Questions regarding selling a car to Carmax. Is CarMax a Good Place to Buy a Car?. Additionally, at the time of purchase, CarMax provides customers the option to buy MaxCare, an extended service plan, which covers many higher-cost mechanical and electrical vehicle repairs. These include cars, SUVs, crossovers, vans, trucks, pickups, you name it. The two major companies that provide vehicle history reports are Carfax and Autocheck, and the cost for each ranges from $25 to $100, although Edmunds says that most major used-car dealers and. One way or another, CarMax will find out about the bad engine and there may be an issue down the road from you not initially disclosing it to them. Negative equity is highest immediately you drive the car from the dealership due to high depreciation. If you owe $20,000 on your loan, then you are $5,000 underwater. And if you live far away from a location or . How Does CarMax Work When Buying a Car?. Was offered a choice of another vehicle and refund of delivery cost (which did not happened). Your Local Election HQ; Local News; State News; National News. There’s no obligation to buy a car from CarMax after selling one. Carmax is a used car dealership that has locations all across the United States. Step 1: Figure out how much your vehicle is worth. Research pricing figures, the online listing, and other features that you want to check out. The bottom line: CarMax auto loans are a great option for borrowers looking for used cars. Some of the cars they sell offer great deals, while others should be avoided. Does CarMax sell 'smoker' cars? : r/carmax. With over 239 stores operating in approximately 40 states and a workforce of more than 27,000 employees, CarMax has cemented its place in the used car market. CarMax home page CarMax Facebook CarMax Twitter My store name Find Your Store. I agree to Money's Terms of Use and. Probably will be easier to do the transaction if you pay off the car before you sell. Reid says she became a victim of the alleged “fraudulent scam” when she purchased a vehicle in May 2020 from private seller, Isaac Lee, the partner to unlicensed dealer. Bring your notes and any reminders you've prepared for yourself, too. Used cars in San Diego, CA for Sale. My experience was that we got about 10%-15% more from CarMax versus dealer trade in (within the KBB range depending on your quality assumptions and the like). It was not damaged and now I am now battling to get my money back. You should list it at about $5,750. CarMax should easily be able to check the recall status and supply that information to consumers. In California, you can sue Carmax for a maximum of $10,000 if you are an individual. , from advertising its vehicles as rigorously inspected when it fails to complete recall repairs before selling the vehicles. Best Place To Sell Your Car Online for the Most Value. The vehicles are generally 5 years old or newer though most of their cars are 3-year-old off-lease vehicles. Yeah, go ahead and buy at Carmax:))) More. We make major mechanical announcements on vehicles that we know to have evidence of a bad motor, transmission, 4x4, front and rear differential, etc. CarMax Review 2023: Financing, Buying, Selling. The claims made by CarMax about their car buying experience are that their cars have passed a 125 point inspection before they even make it onto the lot, that they’ll buy your car even if you don’t buy one of theirs, that the prices are set at fair and reasonable points so there’s no haggling involved, that you have 5 days to. Financially speaking, it is a bad investment, and this generalization is seldom broken. Standard private buyers online, like Carvana or CarMax, won’t offer much for a car with a bum transmission either. The car had too many problems and I didn't want to sell it to someone. Carmax vs Carvana: Overview, Pros & Cons. How Does CarMax Work? CarMax is a used car dealer that has a “no-haggle” policy for selling and buying used vehicles. You already know that the answer is yes; CarMax does change the vehicle’s oil before selling it, as it’s considered one of its basic protocols. You can purchase a MaxCare extended auto warranty, which protects your vehicle’s major systems for a set period of time. CarMax says it buys any used car regardless of age, condition, make or mileage even if you don't buy a used car from CarMax.