Posts Tagged ‘carmax auto finance login’
Car Max Auto Finance
February 24th, 2009
Question: selling car privately or by dealer? best option?
my bf has an '06 lexus IS that is practically brand new. he needs to sell this asap. how do we go about it? would it be profitable or just to break even to sell to a dealer or car max for example?
he is financing it... and ive gone through the other similar questions on this forum... so would it work to sell it to a dealer? even if it's a couple thousands off- it's ok although we would like to sell it for the payoff amt or more.
scenario-
payoff amt is $31000.... done some research on blue book value-
car is worth about $28-$31k... if i privately sell it, i could possibly make the $31k or more. but it would be time consuming and i wouldnt know where to start. has yahoo autos has any success?
thanks in advance. we are totally lost.
Answer: That is tough. Selling privately is hard because you gotta list ads and such. But try it anyway, list ads on Craigslist and in newspapers. Maybe you will get a buyer. But dealers will likely rip you for at least 3k off what you paid.
Auto Finance 2U - Turning the Impossible Into an Opportunity For a New Future 2U!
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Carmax Auto Finance
July 17th, 2008
Question: what exactly is 100 percent financing in the term of auto loans? Does carmax offer 100% financing?
Answer: One hundred percent financing is a marketing tool used to sell cars to the financially unsophisticated. An automobile loses value immediately upon purchase. On average, an auto loses ten to twenty percent of it's value the first month. Ouch!
So, purchasing a car with no down payment and extend term financing, meaning more than thirty-six months, puts the purchaser in a very precarious position. The car is not worth what is owed, possibly ever.
Simply pay cash for cars. If you don't have the money, don't buy it. No one else will tell you this, but I just did.
I made car payments for twenty-four consecutive years. I would be absolutely crushed if I actually knew how much cash I've mailed to car credit companies for nearly a quarter of a decade, and half of my life.
And now, I've finally paid off my Ford, I have money in the bank and it's building each month. If and when I need to replace the truck, I'll just pay cash. No more payments, no more interest, no more debt.
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