Use Carmax

There are a few places in American society where we know we will be ripped off: Cell phone contracts, and car dealerships. You'll spend probably 1-5% more through carmax than an alternative, but you won't feel bad about yourself afterwards.

If you need a car to get you back and forth to work everyday, just use Carmax.

The author has evaluated private party sales, auction sites, used car dealerships with stellar ratings, and Carmax competitors like Carvana. Carmax beats them all out in some dimension of utility. better selection, actually up-front pricing, a professional maintenance team. They are an enormous business of which you will just be a tiny portion of.

Most importantly, their sales people seemed to not be incentivized to do anything but actually show you cars. This may seem like the author is a Carmax employee or stockholder. I just wish all the rest of the car buying experiences were as good as carmax.

It takes all day

Plan for at least 4 hours at the Carmax dealership. Do not bring your kids. You can do all the paperwork you want at home, it will still take as much as 4 hours. There is a limited number of people at Carmax who can actually prosecute the paperwork required to transfer ownership. You will be signing about 20 different pages of documents.

Again, this is the best experience you can have. Experiences at typical car dealership when buying a new or used car involve pressure tactics, back room manipulations and last-minute changes to the deal to exploit you. Carmax does not do this.

Where Are You In The Process?

You Are Here:

Step 1: Define What is Fun for You

What is your combination of cost, availability, and repair requirements?
Can you handle flood damage? Missing panels? Non-starting vehicles?
Decide on acceptable panel gaps, paint imperfections, and fit misalignments
Consider fees, delivery, bid amount, parts, taxes, and registration
Set your max bid early and don't monitor the auction
Post sale negotiation, and actually pay for the vehicle.
Can be as soon as next day after auction
Title Transfer, Registration and Inspection.
Complete any legal requirements to get your car on the road
10 Days to make the first keep or sell decision.
Re-market, sell for parts, or scrap.

Find where you are in the car buying journey and click any step above to learn more. Each step includes specific examples and lessons learned from real purchases. See all articles for more information.

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