Is It A Good Deal? Carfax, Carmax And Car Advice

As reported in this story in the New York Times, CarMax may have some trouble headed it’s way. A judge in Maryland is currently looking into finding CarMax in contempt of court for it’s failure to abide by the terms of a 2008 class-action lawsuit settlement. The settlement in question ordered CarMax to provide a “clear warning” to customers when they were offering a vehicle for sale that had seen duty in…

Carmax is an one-price car dealer that allows you to purchase vehicles with no haggling. The company policy requires that dealers offer one set price so there is no bargaining or bidding involved. Shopping for a car with them is almost as easy as buying smaller ticket items at a department store. The disadvantage to the no-haggling policy is that if you find something you like and suspect there’s a…

Before customers walk into a CarMax dealership, they may wonder about their financing options. As the Federal Trade Commission points out, with the average price of a new car equaling approximately $28,000 and the price of a used vehicle equaling $15,000, most people need financing to purchase a car. They offer customers quotes from multiple lenders and then, if customers accept the offer, they still have three days to find…

When it’s time to sell your next car you’ll have several different options available; you can sell it to a private buyer via an ad in the auto trader, your local paper or Craiglist, you can take it to a local car dealer for a trade-in or you can go to a CarMax Auto Superstore. Each of these options presents multiple pros and cons, many of which may not be…

A CarFax report is basically a “background check” for a car or truck. Every vehicle has a unique vehicle identification number, or VIN, that is like a serial number. Many government agencies, as well as private businesses, like oil change centers, record information in their records and tie it back to the VIN. A carfax report is something that gathers all of that information together….everything from the cars title history,…

Carfax vs Autocheck Which One’s Better?: Before 1984, consumers were very much in the dark when buying a used car. Dishonesty was so rampant in the used car business that many decided buying new was the only way to be sure of getting a reliable car. Only bringing a used car to an independent mechanic for a thorough inspection could tell consumers if they could expect a car to last….

Carfax emerged from Edwin Barnett III’s frustration with unscrupulous vehicle dealers that attempted to sell a substandard automobile to a buyer. Common frustrations included altering the number of miles on the odometer or concealing a major accident on the vehicle. The computer analyst from Missouri built his life around providing reports to people to reduce odometer fraud and other fraudulent selling practices.

Are you considering a lease on a new car?  In some specific cases, leasing a car is a better idea than buying, but only if you understand the ins and out of leasing.  In this article, we cover a number of points that will help you see if an leasing a car is the right option for you, and what you should watch for. 1.Understand the total cost of the…