Is It A Good Deal ?

Carmax recently reported a fourth quarter 48% drop in profits. Carmax also estimates an average profit of $2500/car, which means if you do some work you can find a car for cheaper than what Carmax is selling it for. Trust me I’ve been in the car business for many, many years and I know the margins on cars and Carmax is definitely on the top end.

So if you’re looking for your next car and need some help, click on the free advice link above and e-mail me for free car advice.

I’ve been in the car business a long time and I can tell you that is definitely a better vehicle history report service than Carfax reports. is owned by Experian, which you may know as the credit reporting agency.

I just had a few people asking for pricing on cars so I did a quick search on the usual websites like Cars.com, Autotrader.com and Craigslist.org. I compared the prices I found from reputable dealers to those of the same model, year and mileage vehicle that Carmax was selling. Here is what I found:

Carmax: 2002 BMW 325i with 36k miles $18,998

Other Dealers: Not only were other dealers listing 2002 325i’s with 30-39k miles for thousands cheaper, but you could find a 2003 with the same mileage for under $18,998.

Moral of the story: Shop around, because Carmax can be severely overpriced sometimes.

If you’re thinking of selling your car to Carmax and would like a second opinion on the price they quoted you or just a general idea of how much you should be selling your car for… e-mail us at the “Free Advice” link at the top of the page and we’ll e-mail you back with free advice.

Don’t let Carmax rip you off!