Technical > Automotive > CarMax vs. Good Ol Fashion Stealership

reply to MEDIAN2k3

Re: CarMax vs. Good Ol Fashion Stealership

reply to RobNyc

reply to RobNyc
Get financing before you go there....

reply to MEDIAN2k3
OP, I found this place too »www.expressautolease.com/affilia···do/index

Heard good things about them

reply to MEDIAN2k3
We just got a 2011 Mazda CX-9 from carmaxx. Financed through Carmaxx @ 2.45%. Talked to Chase bank about financing and they said the dealers beat them all the time. The car is that it used to be a rental so it has alot of miles for one year. Got it with just over 30,000 miles. That being said a car in the shop every week wont have that many miles on it. Had my mechanic check it out and said it was a clean car.

The only issue we had was with the was the keys. They gave us one of the real keys and a valet key. The only door the valet key could open is the driver door, none of the other door / rear hatch has a key hole to open.

Ended up calling carmaxx back about the keys and they said there was nothing to do as we got 2 "working" keys. Talked to the salesman and he said there isn't much to do. That to the letter of the policy Carmaxx held up their end.

We found a 1-800 number to their corporate customer service or something and ended up getting the issue fixed. They fixed the issue and even followed up with us to check in to make sure everything got fixed and people called back who said they would.

The local offices don't seem to have much wiggle room if things don't go as planned. Just work your way up the chain of command and any problem should get worked out.
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Member of the US Air Force since May 7th, 2002 To March 29th, 2005

"You sneak up behind yourself and remove your pants before you realize what's going on." KOL

reply to MEDIAN2k3
Just an update to this thread for those who were interested.

I ended up not going to CarMax and at first went to a local dealer who was not able to get me financed at all.

However, a co-worker of mine who's husband works for a very big dealership was able to bring me in pick out a car and get a good deal for me.

Turns out I have No credit history, not bad not good but not worthy of credit.

He was able to get me in a 08 Ford Edge w/ $1,500 down, my APR is severely (23%) high but that's due to my poor credit standing which after a year of on time payments will change.
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If you love something, let it go. If it comes back to you, it's your's. If it doesn't, it never was to begin with.

Gdamn! 23%? Too bad you couldn't get your credit in line before you had to buy.

reply to MEDIAN2k3
Yeah I was completely unaware that I had no credit report, I thought I had bad credit which oddly would have been better lol

Thats ok after a year I will refinance and get better payments or trade up for something else.
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If you love something, let it go. If it comes back to you, it's your's. If it doesn't, it never was to begin with.

It may help others if you give a brief description of how you have no credit history. I doubt that is very common.

reply to MEDIAN2k3
Well I am 26 and I have never had any credit cards (always been denied), I have not had any loans since my college loan which has been paid for quite sometime now and has since fallen off my credit report.

Basically my credit report shows nothing but my personal information.
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If you love something, let it go. If it comes back to you, it's your's. If it doesn't, it never was to begin with.

How many years ago was the college loan? My college loans still show up years after I have paid them off and more years since I got them.

You can get a secured credit card to help on that end but I would decidedly look into why the college loans are not on the report.

Personally - I think you would have been off buying a car for cash while working on the credit score.
--
Brian

"It drops into your stomach like a Abrams's tank.... driven by Rosanne Barr..." A. Bourdain

reply to MEDIAN2k3
Loans were umm possibly 2007ish

Yea my loans started in 1993 or so and paid off in about 2010 (thought I think it was earlier) and these still show on my credit report. Your loans should be on your report.
--
Brian

"It drops into your stomach like a Abrams's tank.... driven by Rosanne Barr..." A. Bourdain

reply to MEDIAN2k3
Median, I am in a similar situation.

I am also 26yrs old, but when I was 20 I got 2 CC and maxed them out didn't make any payments till a year later i paid them off and closed them. Just paid off a small college loan I had and via Smartcreditdotcom I requested "Request a goodwill removal of a negative on this account" and got in the mail that they will.

My score is 602 and after 30 days I will check again to see my score. I really like the 2011+ Ford Edge and really thinking on getting one. Right now I got denied when I applied for CC, so I was thinking about getting secured CC but something tells me I should just go ahead and try to finance/lease a car.

reply to MEDIAN2k3
Getting financed was NOT easy, my dealer had to go thru hell and high water to get me the loan. One thing I will say is that Toyota Financial Services is a bit more easier to get financed with then other car banks.

They wanted to put me in a 2013 Corolla but I declined as I need the room for my family, plus truck is clean and was very well maintained.
--
If you love something, let it go. If it comes back to you, it's your's. If it doesn't, it never was to begin with.

reply to MEDIAN2k3

reply to MEDIAN2k3
According to NADA clean trade in value is 15k, The car was sold to me for 12k, looks good to me.

Looks like you're ahead of the game now, but its good practice to check the the vehicle that's a year older than yours to get an idea of how much they depreciate every year.
Some vehicles hold their value well from year to year and others shed value quickly. It doesn't seem to be that way in your case, but just thought Id mention it
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Good judgement comes with experience...Experience comes after bad judgements

reply to MEDIAN2k3
I was in a situation like this when I got my truck. Got a loan via capital one @ 17%

Something you need to think about before you try and get a refi on your loan is no one (well no one I talked to) would loan money while I was still upside down on the truck. I was paying an extra $200-250 a month just to get right side up and it still took 2 years before I could get a refi @ 10%

Hope you have better luck than I did.
--
Member of the US Air Force since May 7th, 2002 To March 29th, 2005

"You sneak up behind yourself and remove your pants before you realize what's going on." KOL