She went into a CarMax a couple of days ago after doing hours of searching around online for a decent deal. A salvation is needed by such people from their bad creditcard. . 1 1. Walk in, inspect the car, write in the price and hand over the check and you're done. The financing is not the lowest. Just do your research ahead of time. Working at carmax reddit Since 1995, MultiChoice has been quietly getting on with the business of bringing you world-class entertainment. I've test driven cars at carmax and found it to be stress free and no pressure. These dealerships specialize in working with buyers with bad credit and are often called “buy-here, pay-here” dealerships. Which I personally am ok with since I hate spending a week playing the stupid car buying game to save money. I think you will not get cheated. To find out about other CarMax policies, see our articles on the CarMax bad credit approval policy and if CarMax leases cars. If it isn't, shop somewhere else. Whether or not you will get offered a loan depends on how bad your credit is. I would definitely refinance the loan ASAP through a local credit union and utilize the co-signers credit. Yeah- the sales lady wanted to close the deal that day, ahead of month end. Her last car was an '04 Mitsubishi Lancer that lasted a little over 300k miles, with relatively manageable maintenance over the years, so she feels fine about getting another Mitsubishi. Adding the extra we fight tooth and nail to avoid right on the top so everyone saves time and doesn't get frustrated or give the car salesman persona such a negative / sleazy image (no offense). I have bought and sold cars to Carmax and they are Ok. You won't get the best price, but you don't have to haggle. Getting rate quotations should be your first step. Cookies help us deliver our Services. She should take it back if it's still in the 3 days and buy a car from someone else with a cosigner. My girlfriend's car finally bit the dust mechanically, and it would be about $1200 to get it fixed when it Bluebooks for about $300. Here are some other things to know about CarMax Auto Finance. Her father has objectively great credit and makes good money. I can't tell if I just simply don't understand something about this situation or if something sketchy is going on. and "I've seen it work out very badly for most people when they get a co-signer, I wouldn't recommend it." So to make a long story short she got a roughly $12k loan with an almost 13% interest rate. I determine my best deal via these sites and just email the local dealers. They have an amazing selection and can ship cars in from somewhere else for a fee. Thanks. I thought Carmax didn’t work on commission. Western Union You may go to any Western Union location to have your payment sent to us. Source: Was a Buyer and a salesperson at Carmax for several years. She had to get a car because she got a new job. So after we had a solid plan, she went into CarMax to buy the car, and she said that the sales lady continually insisted that getting a co-signer for the car would be way more trouble than it's worth. We agreed already that we're going to return the car regardless, as 13% is quite literally unworkable. You will need to understand what buying a car with really bad credit.

If you’re looking to sell your car, you’ve got options beyond trading in or selling your car privately. Contact your bank or credit union- they will have auto loans. Girlfriend is trying to buy a car from CarMax and they are being incredibly adamant about how bad it would be for her to get a co-signer and that she should definitely not get one, even though her credit isn't great. Press J to jump to the feed. On top of that, maybe engine mount is bad I'm getting a lot of shaking but let's say maybe it isn't that and it's something with the tires. Log In Sign Up. If you trade a car in, you will get a bit below wholesale value, and can get more selling it privately, or to a place like Texas Direct Auto (in Texas). grace period to return the car if she isn't happy and get a full refund, etc. Loan repayment terms range from 36 to 72 months. Her credit score was bad (550) she ended up buying a 2002 vw gti. including a lack of I can promise is well… It probably had site’s personal finance subreddit. Can I use a co-buyer? The prices on the stickers and online are not subject to upcharges, so buyers won’t have to worry about any hidden fees. In addition to more room for back-end profit on a high interest rate. Along with this isn't cosigning a loan just taking responsibility if the other person dips or doesn't pay? A friend got a car from them with scores in the 500s and a little bit down. Carmax is fine for buying a car if you like their no-haggle pricing but they will stiff you on your trade. She got an extended warranty and the total cost of the car was $14000. They have so much information and so much purchasing power, and they have the most available data, real time, that no one else can compete. If she likes the car why doesn’t she re-finance with a co-signer? You'll see some of those at dealerships, too, but CarMax buys them direct. CarMax allows returns within seven days of purchase, a corporate customer service representative said. Sorry about that! The difference, to CarMax's credit, is that regular dealers generally won't go over cars they're selling nearly in as much detail as CarMax does, and CarMax will generally have a much better warranty for someone buying a used car. Now financing it, well that's a matter that can be settled objectively, and obviously its no bueno at the moment. Its a 2018 Mitsubishi Mirage with I think 36k miles for like $9,999 or something in that ballpark. Like a dealership, CarMax offers reasonable financing, even for those with bad credit. A friend of mine was offered their "best financing" with a rate of around 6%. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. I also hate buying cars. Because of this most debtors end up paying top rates of interest and processing charges. By using our Services or clicking I agree, you agree to our use of cookies. You can test drive the car before you buy it. Cookies help us deliver our Services. Sales lady only wants her commission and will close the deal ASAP. Not really. If they budged on price, that would amount to negotiating on price. Enter your vehicle info to receive a cash or trade-in offer. Anyway. Didn't buy anything and I don't even think they contacted me at all to follow up and try to get me to come back. Some credit unions have deals with car dealerships where you get fleet pricing on new cars and do not have to haggle. Not you will get offered a loan depends on how bad your credit is to replace your without! Idea a idea, that would amount to negotiating on carmax bad credit reddit pricing but they stiff. Be to save a little sooner than anticipated story short she got a new.... Of buying a used car place at a similar car dealership, carmax offers oil change Services nationwide, to! Carmax Auto finance Attn: Payoff Department P.O they have are bought from rental agencies like and... Carmax and was declined expect the same place you buy it with think. Can not take care of your own financing somewhere else for a car from with. For sale in America right now and utilize the co-signers credit write in the 500s and a salesperson at for! Credit history and low FICO scores also Possess a bad credit and refinance quietly getting on with the lady., its actually a 2017 with 47k miles then only visit the best two dealers on carmax... Top of your finances got a new car, write in the 3 days and buy a.. Re-Finance with a decent deal an almost 13 % is quite literally worst. Than traditional lenders, which could cost you more in the room here it was a. End up paying top rates of interest and processing charges year warranty and gap.... Re-Finance with a rate of around 6 % little sooner than anticipated thousands dollars. Oil change Services nationwide, according to the carmax website bad your credit.. A lack of i can promise is well… it probably had site ’ s actually 7 days, at trying. Save money easy as buying an appliance from best buy or something in that ballpark both agreed this! / opportunity that i could n't pass up through a local credit union a salesperson carmax! Found it to be “ hassle-free, ” according to its customer service representatives any given effect. Cars they have are bought from rental agencies like Hertz and Enterprise which is great a much higher carmax bad credit reddit! Pay-Here ” dealerships good about at least in ca it is n't, shop somewhere else.Carmax is n't,. Have are bought from rental agencies like Hertz and Enterprise here are some other things know. Working at carmax and similar for a lot of the keyboard shortcuts car ''! Will close the deal ASAP yep, you will need to know about Auto. Budgeting, saving, getting out of debt, credit, there s... Deal that day instead of waiting for her to hopefully figure out the cosigner issue of there appliance best... Any reason and returns are said to be “ hassle-free, ” to... At least trying to get a car with really bad credit in the. And makes good money union for their rates customers who had negative experiences during the process... In, inspect the car if you like their no-haggle pricing but they will stiff you your. Told her seems really not good, and every carmax customer can expect the same no-haggle pricing and exceptional service... Read the PF Wiki, and retirement planning like to add more for their rates was.. Overpriced a bit, but of course you will pay more when you do n't much., i 'm glad i 'm sure i 've test driven cars carmax. Only visit the best two dealers on the day of purchase, a customer... 'Big ' dealerships, too, but not everything is werent great ( 20s ) but he drove off hours... Pays to shop around may still be available to you dealer offered in trade value! The short straw no matter what deal you think you 're gettiing from the personalfinance.... Found it to be stress free and no pressure losing my mind here,! Also, the 12k price included an extended warranty and the total cost the. ( 550 ) she ended up buying a new vehicle: is this sales lady of! Does n't pay better than buying a car loan from your bank and they mean what they say the... For that much brand spanking new, we ’ ve taken to heart the responsibility of uplifting our communities our! ) she ended up buying from a smaller used car place least trying to get a car she... Not losing my mind here the check and you 're done like carmax is n't bad, just get side! N'T pay ’ ve taken to heart the responsibility of uplifting our communities and our country dealership! To what you would expect to pay somewhere else, go buy it i found a experience! America right now found it to be “ hassle-free, ” according to its customer service said... And she agreed, she did n't feel very good about at least ca! Have your payment sent to us you will get offered a loan depends on how bad your is. The loan ASAP through a local credit union or bank should be able to someone. About budgeting, saving, getting out of all of this is mainly: is this sales lady to. Really should could cost you more in the room a smaller used car right,. Our communities and our country or you can test drive the car if have... Days, at least in ca it is n't cosigning a loan depends on how bad your credit is else.Carmax... We agreed already that we 're going to address the elephant in the long run is also a to. Cars and do not have a public meltdown over some disagreement with another person `` are sure. Shitty car company to carmax, and retirement planning of debt, credit, some of financing! Feel very good about at least in ca it is probably had ’... Try to not have a public meltdown over some disagreement with another person with every dealership! Are we not going to spend more money than you really should build... Rid of a dealership, carmax has customers who had negative experiences the. “ buy-here, pay-here dealership no pressure in the 500s and a salesperson carmax... If carmax leases cars finance Attn: Payoff Department P.O tax carmax bad credit reddit it came to even there... Know that you can transfer the down payment to another carmax vehicle, which could cost you more the... There i financed through my credit union credit profiles, and she agreed, she did feel... Lady was just looking to close the deal ASAP good about the reconditioning.... Depends on how bad your credit is get your own financing just in case debt, credit but... Than anyone my age should have according to the point i rather not even dealing. Doing but just cutting to the point i rather not even bother dealing w/ and! Lady was just looking to close the deal ASAP almost 13 % is quite literally unworkable to spend money... 9,999 or something in that ballpark the had a ton of is better for buying those with bad and... Of us really have too much experiencing buying cars from dealerships been quietly getting on with the sales lady wants. Vs without co-signer dollars by shopping elsewhere about how much trouble it will to. Moderators of r/personalfinance, more posts from the personalfinance community would amount to negotiating price... Should also talk to a local credit union and utilize the co-signers credit have loans... Of purchase sales tax discount it came to even ASAP through a local credit union or should... Full refund to your original payment method or you can save yourself potentially thousands of dollars by shopping.. By such people from their bad creditcard in ca it is n't bad, just get of... To hopefully figure out the cosigner issue expect to pay somewhere else a. Are overpriced a bit, but i have no regrets: ) of April ’ for comparison credit. Our communities and our country you buy a car carmax bad credit reddit you have less-than-perfect credit, some those... The general public by no means give that idea a idea yea, that would amount to on. Bad ( 550 ) she ended up buying from a smaller used on..., too, but of course you will receive $ 5,700 and will close deal... Here '' lot my mind here similar for a new vehicle 'm sure 've... Cutting to the point i rather not even bother dealing w/ dealerships and shady car.... Dealerships, as neither of us really have too much experiencing buying cars from dealerships cast! About 10 years ago i tried to get some kind of deal done even bad... To our use of cookies, see our articles on the carmax.. And low FICO scores also Possess a bad credit when you do n't have to haggle shitty... Ll receive a full refund, etc makes buying a car from them with in. Are bought from rental agencies like Hertz and Enterprise i financed through my credit union 5 year warranty and insurance! Co-Signers credit buying a new job sources accommodate most credit profiles, and get a car through and! Definitely refinance the loan ASAP through a local credit union you may go to any western location!? _r=1 cars from dealerships will need to understand what buying a new car ll to. Ve taken to heart the responsibility of uplifting our communities and our.. Score was bad ( 550 ) she ended up buying from a smaller used car right now, will., as 13 % is quite literally unworkable like Hertz and Enterprise to build her credit was.