CarMax makes a pretty nice profit per car

[JEDI]

CNN

"...returns with an offer of $15,000. It's less than the Kelley Blue Book value but more than the customer would get on a dealer trade-in. A glance at CarMax.com reveals comparable Escapes priced well over $15,000, making it likely that Decker will meet the company's average gross of more than $1,800 per vehicle. "

 

[krunchykrome]

Originally posted by: JEDI
CNN

"...returns with an offer of $15,000. It's less than the Kelley Blue Book value but more than the customer would get on a dealer trade-in. A glance at CarMax.com reveals comparable Escapes priced well over $15,000, making it likely that Decker will meet the company's average gross of more than $1,800 per vehicle. "

Carmax is such a ripoff. My buddy used to work there. He also told me that they beat the hell out of the cars and when a car is getting detailed or fixed, they really neglect much of the car.

 

[DingDingDao]

Yup. Their buy offers are ridiculously low. When my wife had her 98 Eclipse appraised at Carmax they offered her $1800 for it. She sold it private-party three days later for $4500. To top it all off, we happened to see a nearly identical 98 Eclipse (same options, trimline, similar mileage) a Carmax priced at well more than triple the offer they made to my wife for her car.

 

[waggy]

so they jmake $1800 per car. big deal.

 

[krunchykrome]

Originally posted by: waggy
so they jmake $1800 per car. big deal.

It is a business afterall. Just not smart for the consumer.