CarMax is a used car dealer that has a “no-haggle” policy for selling and buying used vehicles. That policy is intended to simplify the process for people who don’t want to spend hours at a dealership dickering over prices.
CarMax has more than 200 physical locations located across the U.S., but you can actually do most of what’s involved in buying or selling a car with CarMax online.
At any given time, CarMax has around 50,000 used cars to choose from, according to the company’s website. So the chances of finding a vehicle that suits your needs are pretty good.
The company also offers you a full week to drive the car to make sure you like it. If you don’t, you can return it for a full refund.
CarMax will also buy your car if it meets their specifications. You can take your vehicle to a CarMax location to have it inspected. And if it passes muster, you’ll get an instant cash offer.
That offer is good for seven days from the time you get it. If you do sell your car to CarMax, you’re under no obligation to buy a car in return.
How To Buy a Car Through CarMax?
CarMax makes it as easy to buy a car as it can get.
Start the process at CarMax.com. You’ll be able to search for the vehicle you want.
You can search by make, model or keyword. That means you can search for a specific vehicle — a Honda CR-V, say — or a more general category like “Small SUVs.”
Furthermore, this search gives you access to CarMax’s entire inventory. If the specific car that you want isn’t located in your area, CarMax will bring it to you.
Depending on the vehicle’s distance from your location, you may have to pay a transport fee.
If you’re not sure what you’re looking for, you also have the option to browse available vehicles by clicking “Find Your Car.”
Once there, you’ll find plenty of options to filter your search.
Those filtering options include:
Once you narrow down your choices and select a vehicle that interests you, you’ll be taken to that car’s profile page.
There, you’ll get an interactive 360-degree view of the actual vehicle in stock, along with multiple photos of the interior.
You’ll also see the car’s Vehicle Identification Number (VIN), which you’ll want to look up to see the vehicle’s history. Meanwhile, you can do that for free.
If you decide you like a vehicle, you can schedule a test drive at the vehicle’s location, purchase it and pick it up at the lot. Or you can buy it and have it shipped to the CarMax location closest to you.
In some cases, CarMax offers delivery to your home. If that’s the case, you’ll see it as an option.
Just remember that if the vehicle you settle on is located some distance from you, you may incur transport costs. If that’s the case, it will be clearly disclosed.
At this point, you’ll also have the option to get pre-approved for financing on your purchase.
Carvana is another option to buy a car, which is done almost entirely online. You can browse cars online, buy your car without haggling and then deliver it. Carvana will save you a trip to the lot if you are comfortable buying a car entirely online.
However, if you want to test the car before committing, CarMax is a much more hands-on experience.
CarLotz is a steroid private seller. The company will help plan and list the car for sale, but it’s up to the vendors and buyers to negotiate their own prices and complete the sale.
If you want to play an active role in your car sale, then CarLotz might be for you. But if you like the idea of selling your car without having to participate, CarMax is a better option.
TrueCar uses data collected on previous sales to give buyers an estimate on what they can expect to pay. Once you search around and find the car at the price you want, TrueCar connects customers with trusted dealers to complete the deal.
If you don’t know where to start your research, TrueCar is a good tool for you, but if you’re comfortable doing your own search, then TrueCar won’t help you much.
Built on the promise that you shouldn’t feel hustled or haggled when selling or buying a car, CarMax has spread across the States. If you’re looking for an easy way to find a “new” ride or sell an old one, then they are definitely worth checking out.
Have you bought or sold a car with CarMax? If Yes! Let us know in the comment section.