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carmax has been doing this with teslas. visited a carmax lot and saw around 10 model 3s, identical specs, with less than 50 miles (the 1k miles is the lowest th

by kart23 4y ago

carmax has been doing this with teslas. visited a carmax lot and saw around 10 model 3s, identical specs, with less than 50 miles (the 1k miles is the lowest the site will show) and selling them for 10k markup. they’re literally scalping teslas now, not to mention the rest of their overpriced inventory. https://www.carmax.com/cars/preview/23029935 https://www.carmax.com/cars/preview/23029935

TreyGuy 4y ago
Oh jeez, ya I know CarMax is bad. We dont really have a clean way of reporting teslas or scalping of resold vehicles by 3rd parties like that right now at markups.org
- tptacek 4y ago
  I wouldn't buy a Tesla from Carmax (I wouldn't buy a Tesla from anyone), but for everything else, it's pretty great. I bought my last car from them online at an extremely sane price, and they delivered it to my door; a few weeks later a better trim of the same car popped up on their site (many hours away), and I was able to exchange without any drama. I got pretty decent at car buying from dealerships over the years, and I kind of feel like a sucker for playing that game now. Again: I'm sure you're right that buying a Tesla from Carmax is a terrible idea.
  - tmpz22 4y ago
    My personal experience was that sites like carmax and vroom had significantly higher mark ups then dealerships and lots of complaints that their “360 inspection” had terrible quality control problems and frequently shipped bad cars. I can see these sites working for very specific models and trims but overall bad. Honestly it’s all bad unless you get lucky it feels like.
    - ehvatum 4y ago
      I recommend Manheim Auctions, if you can get access.
      - rdtwo 4y ago
        Yeah dealers only auction
    - brigade 4y ago
      Vroom and Carvana are shit with mechanical inspections/repairs, but CarMax should be fine; unlike Vroom/Carvana their in-house mechanics operate basically identically to the service center of other dealerships. Also they actually look and drive trade-ins before making an offer. CarMax should be a little bit more expensive because you're paying for a 30-day return policy and 90-day warranty even if they're not itemized. But like, for the Tesla linked, nearby RWD 2022 Model 3s are priced between $55-60k from other sellers. So that's 5% over the cheapest comparable listing.
      - yellowapple 4y ago
        > Also they actually look and drive trade-ins before making an offer. Do they? I brought in a prospective trade-in that had a misfiring cylinder (and thus a perpetually-blinking CEL and a very rough idle) and they were still willing to give me close to the top of the Blue Book range for it.
        deleted 4y ago
        [deleted]
        tptacek 4y ago
        Recently, or years ago? The market is definitely fucky right now.
        yellowapple 4y ago
        Last October, but in any case I'd expect KBB to at least try to reflect the market fuckiness.
        tptacek 4y ago
        Yeah, used cars were nosebleed expensive last October (I bought my last car used in September, and remember feeling bad about the timing, because cars had gotten so expensive that I figured I'd get a much better deal if I held out until this year --- I was wrong about that).
  - kart23 4y ago
    if ya find a decent price, go for it. The convenience is worth it. Personally I found the cars I was interested in (mostly sports cars) to be incredibly overpriced. I've heard their warranty is good too.
    - tptacek 4y ago
      I bought an A6, and while I didn't get the price I'd have gotten from a dealership and running the full weeks-long car-buying process, I got so close to it that running the process seemed like an enormous waste of time and energy. But then I exchanged the car, for basically frivolous reasons, and that experience was so pleasant that it feels like one of the best deals I've ever gotten on a car.
judge2020 4y ago
I doubt CarMax is actually placing orders, but I wouldn’t be surprised if CarMax is the first place anyone goes to scalp their own new model 3 and CarMax is happy to add an extra 5k to profit on their sale.
- kart23 4y ago
  Possible, but unlikely. The sales tax+registration you'd be paying would be a lot on a new car, around $4000. I believe Carmax doesn't have to pay sales tax or registration on a new car because they're a dealer.
  - brigade 4y ago
    No; the dealer license allows them to own cars without titling them in their name, not escape the sales tax / registration the state collects when a car is titled. And that car was titled, just as every Tesla is after Tesla sells it.

by kart23 4y ago

TreyGuy 4y ago

Oh jeez, ya I know CarMax is bad. We dont really have a clean way of reporting teslas or scalping of resold vehicles by 3rd parties like that right now at markups.org

tptacek 4y ago
I wouldn't buy a Tesla from Carmax (I wouldn't buy a Tesla from anyone), but for everything else, it's pretty great. I bought my last car from them online at an extremely sane price, and they delivered it to my door; a few weeks later a better trim of the same car popped up on their site (many hours away), and I was able to exchange without any drama. I got pretty decent at car buying from dealerships over the years, and I kind of feel like a sucker for playing that game now. Again: I'm sure you're right that buying a Tesla from Carmax is a terrible idea.
- tmpz22 4y ago
  My personal experience was that sites like carmax and vroom had significantly higher mark ups then dealerships and lots of complaints that their “360 inspection” had terrible quality control problems and frequently shipped bad cars. I can see these sites working for very specific models and trims but overall bad. Honestly it’s all bad unless you get lucky it feels like.
  - ehvatum 4y ago
    I recommend Manheim Auctions, if you can get access.
    - rdtwo 4y ago
      Yeah dealers only auction
  - brigade 4y ago
    Vroom and Carvana are shit with mechanical inspections/repairs, but CarMax should be fine; unlike Vroom/Carvana their in-house mechanics operate basically identically to the service center of other dealerships. Also they actually look and drive trade-ins before making an offer. CarMax should be a little bit more expensive because you're paying for a 30-day return policy and 90-day warranty even if they're not itemized. But like, for the Tesla linked, nearby RWD 2022 Model 3s are priced between $55-60k from other sellers. So that's 5% over the cheapest comparable listing.
    - yellowapple 4y ago
      > Also they actually look and drive trade-ins before making an offer. Do they? I brought in a prospective trade-in that had a misfiring cylinder (and thus a perpetually-blinking CEL and a very rough idle) and they were still willing to give me close to the top of the Blue Book range for it.
      - deleted 4y ago
        [deleted]
      - tptacek 4y ago
        Recently, or years ago? The market is definitely fucky right now.
        yellowapple 4y ago
        Last October, but in any case I'd expect KBB to at least try to reflect the market fuckiness.
        tptacek 4y ago
        Yeah, used cars were nosebleed expensive last October (I bought my last car used in September, and remember feeling bad about the timing, because cars had gotten so expensive that I figured I'd get a much better deal if I held out until this year --- I was wrong about that).
- kart23 4y ago
  if ya find a decent price, go for it. The convenience is worth it. Personally I found the cars I was interested in (mostly sports cars) to be incredibly overpriced. I've heard their warranty is good too.
  - tptacek 4y ago
    I bought an A6, and while I didn't get the price I'd have gotten from a dealership and running the full weeks-long car-buying process, I got so close to it that running the process seemed like an enormous waste of time and energy. But then I exchanged the car, for basically frivolous reasons, and that experience was so pleasant that it feels like one of the best deals I've ever gotten on a car.

judge2020 4y ago

I doubt CarMax is actually placing orders, but I wouldn’t be surprised if CarMax is the first place anyone goes to scalp their own new model 3 and CarMax is happy to add an extra 5k to profit on their sale.

kart23 4y ago
Possible, but unlikely. The sales tax+registration you'd be paying would be a lot on a new car, around $4000. I believe Carmax doesn't have to pay sales tax or registration on a new car because they're a dealer.
- brigade 4y ago
  No; the dealer license allows them to own cars without titling them in their name, not escape the sales tax / registration the state collects when a car is titled. And that car was titled, just as every Tesla is after Tesla sells it.