CARMAX Is Trying To CATCH A FALLING KNIFE!

แชร์
ฝัง
  • เผยแพร่เมื่อ 2 มิ.ย. 2024
  • CARMAX Is Trying To CATCH A FALLING KNIFE!
    In this video we talk about CARMAX. I take you to CarMax's lot and show you just how full it is and how expensive their cars are. It's clear that CarMax is in trouble and their prices aren't sustainable! I also talk about what this mean for the car market as a whole.
    My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
    Thanks for watching and please feel free to leave any comments you may have in the section below!
    And make sure you don't forget to LIKE, SHARE AND SUBSCRIBE FOR MORE!!
    *None of this is meant to be construed as financial advice, it's for entertainment purposes only.
    #UsedCarMarket #CarPrices #carmarket #usedcarprices
  • ยานยนต์และพาหนะ

ความคิดเห็น • 1K

  • @mcloviinz
    @mcloviinz 2 หลายเดือนก่อน +680

    73k for a 21 land cruiser with near 100k miles should be criminal

    • @Lazlazor
      @Lazlazor 2 หลายเดือนก่อน +29

      it gets worse, there's a 2021 with 101k miles for 70k on caredge.

    • @cupcakeordeath
      @cupcakeordeath 2 หลายเดือนก่อน +10

      I thought I overshot when I guestimated the price of that landcruiser. WTF! I am blown away!

    • @racermanny
      @racermanny 2 หลายเดือนก่อน

      Does fuckers are smoking some good shit😂

    • @richardalfaro4529
      @richardalfaro4529 2 หลายเดือนก่อน +11

      It's a Toyota it goes 250 to 500000

    • @rickhammar1636
      @rickhammar1636 2 หลายเดือนก่อน

      Guberment spending that causes all this inflation but I don't see any congress people volentarily going to prison.

  • @chuck2200
    @chuck2200 2 หลายเดือนก่อน +559

    its perfectly legal to walk into the Carmax office, point and laugh and leave.

    • @standardarm63
      @standardarm63 2 หลายเดือนก่อน +10

      I was thinking 10 G's.

    • @fredtaylor9792
      @fredtaylor9792 2 หลายเดือนก่อน +33

      It's easier to just..... not go there.

    • @chrisford8403
      @chrisford8403 2 หลายเดือนก่อน +17

      @@fredtaylor9792 You're no fun. ;)

    • @fredtaylor9792
      @fredtaylor9792 2 หลายเดือนก่อน +6

      @@chrisford8403 At a car lot? No I'm not. Lol

    • @chrisford8403
      @chrisford8403 2 หลายเดือนก่อน +20

      @@fredtaylor9792 LOL, I know the feeling. I bought 1 year old Sierra with 9k for 20.5k in 2016 just before things got stupid. Dirt bag Chevy branded dealer snuck a $2500 warranty by me after I said no to it. My bank told me this is not uncommon even with the big name dealerships. Later, the same dealership tried to upsell a brake job during an oil change. In a crowded service department I loudly stated that the brakes were new. Service manager apologized and told me that my next oil change was half off. Never went back to redeem it though.

  • @melissap9808
    @melissap9808 2 หลายเดือนก่อน +121

    Dang. Cheaper to go to Enterprise and rent a car every week than pay these monthly payments

    • @asajayunknown6290
      @asajayunknown6290 2 หลายเดือนก่อน +10

      Depending on your location, you are correct. Breakeven is in the low- to mid-$40/ day.

    • @Kevin19700
      @Kevin19700 2 หลายเดือนก่อน +3

      Absolutely spot on!

  • @Greenfield-yf1wh
    @Greenfield-yf1wh 2 หลายเดือนก่อน +195

    If someone can't afford a car of $50,000, then sure as hell the person can't afford the loan with a 22% interest rate.

    • @americanbadass88
      @americanbadass88 2 หลายเดือนก่อน +16

      2008 part 2 is coming FAST. All these people trying to live beyond their means with 22% interest can't even afford a bus pass. This is why they need to replace Algebra in school with financial planning courses......

    • @jenni8200
      @jenni8200 2 หลายเดือนก่อน +5

      I was wondering how they gave me so much money for my car when I sold it to them, now I know

    • @Noadvantage246
      @Noadvantage246 2 หลายเดือนก่อน +8

      @@americanbadass88It won’t work because generally it’s not a math problem. Almost everyone knows these things are stupid. It’s really more of an emotional problem. You see the nice shiny new thing that you think will impress your friends and family. It doesn’t matter that you can’t truly afford it, it feels within reach.

    • @murmsuniversalrobotics3938
      @murmsuniversalrobotics3938 2 หลายเดือนก่อน

      ​@@Noadvantage246people aren't being taught to think objectively or about consequences in school. Social media fuels outside of means living because everyone wants to live the lie their friends are posting about on Instagram

    • @eldoradoboy
      @eldoradoboy 2 หลายเดือนก่อน +3

      22% is only for the bottom barrel credit customers... carmax prob doesnt even want those customers

  • @the-matrix-ebook
    @the-matrix-ebook 2 หลายเดือนก่อน +66

    They need to change their name from Carmax to Car Museum.

  • @AJGreen-cn8kk
    @AJGreen-cn8kk 2 หลายเดือนก่อน +63

    Illinois just passed a law to limit the amount of interest you can charge. The new high limit is, get this, 35%! Couple that to the recently reported fact that half the population couldn't put their hands on $1000 for an emergency. And now Carmax wants these same people to pay over a grand a month for a used car. It may just be me, but, I think we are truly screwed.

    • @joevsyou
      @joevsyou 2 หลายเดือนก่อน +1

      lol what a deal!

    • @jamespulver3890
      @jamespulver3890 18 วันที่ผ่านมา

      Such a IMO stupid way to set a limit - It ought to be something like prime + 15 and even that seems high to me. I can't understand why you couldn't make money at 10-15%. Oh I know why - cause banks don't want to actually turn anyone away for not being creditworthy so now everyone has to be hit with 26% to make up for defaults and the higher prime rate. And that secured / collateralized loans are running over 10%...

  • @hoapres
    @hoapres 2 หลายเดือนก่อน +437

    Sounds like Carmax doesn't want to sell cars.

    • @why6212
      @why6212 2 หลายเดือนก่อน +23

      They want to maximize the amount of cars rotting on the lot

    • @usr-qpwyg126
      @usr-qpwyg126 2 หลายเดือนก่อน +21

      the prices are insane 🥹

    • @royromero8496
      @royromero8496 2 หลายเดือนก่อน +18

      No one can afford the anything because everything is overpriced and not true value

    • @flyingspirit3549
      @flyingspirit3549 2 หลายเดือนก่อน +18

      The final act in this drama might be when the "CarMax" sign comes down, and a temporary banner says "big sale here Saturday! Come for a GREAT DEAL!" And CarMax is out of the picture, and the gang running the sale is the bank that provided the flooring financing for all those cares. And, finally, the bank wants OUT!

    • @John-ou4rm
      @John-ou4rm 2 หลายเดือนก่อน +2

      They've changed strategy and now are into vintage cars, their lot is testimony to their efforts.

  • @patricktheplumber5482
    @patricktheplumber5482 2 หลายเดือนก่อน +43

    I’ve waited years to by my self a new truck at this point I’m so disgusted with the industry I don’t even want a new car or used I’ll just drive my old vehicles !

  • @LeviHeatonIII
    @LeviHeatonIII 2 หลายเดือนก่อน +222

    Tomorrow’s video title, “I have been banned from Carmax lots”. Lmao

    • @fredtaylor9792
      @fredtaylor9792 2 หลายเดือนก่อน +33

      The title after that "how I snuck into carmax"

    • @RichieRich7339
      @RichieRich7339 2 หลายเดือนก่อน +26

      ​@@fredtaylor9792 The title after that: 'Wearing various disguises to CarMax lots'

    • @javierarreaga5491
      @javierarreaga5491 2 หลายเดือนก่อน +7

      😂😂😂

    • @coolbreeze2.0-mortemadfasc13
      @coolbreeze2.0-mortemadfasc13 2 หลายเดือนก่อน +6

      @@RichieRich7339😂😂😂

    • @largol33t12
      @largol33t12 2 หลายเดือนก่อน +5

      @@RichieRich7339 The title after that: "The world's shortest car dealer tire kick video."

  • @refax808
    @refax808 2 หลายเดือนก่อน +53

    Looks like CARMAX is targeting a niche of customers with bad credit ratings and ripping them off with high prices and interest rates. They probably fully expect to repo many of these cars in a few months after selling them and putting them back on the lot at a similar price. 22% interest rate is usury and borderline criminal.

    • @mystisith3984
      @mystisith3984 2 หลายเดือนก่อน +2

      Joke is on them. It's always the bank that wins this speculation game.

    • @sbs-0055
      @sbs-0055 2 หลายเดือนก่อน +5

      Interest is criminal and that’s why Islam and even crhristianity forbid it.

    • @Horatio1886build
      @Horatio1886build หลายเดือนก่อน

      and why would any one risk loaning their hard earned money to a bunch of people you don't even know for nothing.

    • @302Camaro
      @302Camaro หลายเดือนก่อน +2

      It's a shame that the people that need a break the most are the ones that get ripped off the most. It's a never-ending storm.

    • @dtcdtc8328
      @dtcdtc8328 หลายเดือนก่อน

      ​usury? Someone say usury?
      PSA
      The following "united states" agencies are all run by Dual Isr~~li citizens
      Secretary of State
      Secretary Treasury
      Attorney General
      Homeland Security
      National Intelligence Director
      ATF Director
      CDC heads
      Chair of Economic Advisors
      Chief of staff and VP's husband is also a Dual Is~li citizen.

  • @geecee12
    @geecee12 2 หลายเดือนก่อน +125

    You know that hellcat has been toasted more than burnt bread.

    • @jreynolds2184
      @jreynolds2184 2 หลายเดือนก่อน +6

      Any performance vehicle, been that way for decades ...

    • @NoDaysOff-oz2zl
      @NoDaysOff-oz2zl 2 หลายเดือนก่อน

      I'm stealing this

    • @Miked1332
      @Miked1332 2 หลายเดือนก่อน +1

      Yea 50,000 really hard miles. 😂

    • @calebshepard6923
      @calebshepard6923 หลายเดือนก่อน

      It’s only been driven 2500 miles. The odometer is counting how much the back wheels have spun 😆

  • @ericbarnett6771
    @ericbarnett6771 2 หลายเดือนก่อน +45

    William D. Nash, CEO of Carmax, made $11,588,743 last year.

    • @ScottishTerrorsInLA
      @ScottishTerrorsInLA 2 หลายเดือนก่อน +13

      11 mil??? That’s craaaaazy. He wins the lottery every year

    • @Ride-Fly
      @Ride-Fly 2 หลายเดือนก่อน

      @@ScottishTerrorsInLA The government wins the lottery every year off him and every time some one wins the lottery.

    • @JackGlick
      @JackGlick 2 หลายเดือนก่อน +3

      Wow!

    • @mitchhedberg4415
      @mitchhedberg4415 หลายเดือนก่อน

      Elon makes $10k for every Tesla sold

    • @mitchhedberg4415
      @mitchhedberg4415 หลายเดือนก่อน

      @@ScottishTerrorsInLA
      LOL Musk working on 100 Billion total compensation

  • @jiminauburn5073
    @jiminauburn5073 2 หลายเดือนก่อน +141

    You do not even need to buy that Hyundai. You can steal it in about 30 seconds.

    • @davidson8939
      @davidson8939 2 หลายเดือนก่อน +6

      they put a gate in your way. that car will not be drivable after crashing it.

    • @BellyLaugher
      @BellyLaugher 2 หลายเดือนก่อน

      😂🤣

  • @Aeorocks
    @Aeorocks 2 หลายเดือนก่อน +87

    I got bored and went through their website. Subaru Crosstrek from 2016 with 86k miles for $28,000🙄. On Subaru's website, for a 2023 with only 2k miles is only $32,000. 2015 Honda CRV with 115k miles was $26,000. Absolute madness.

    • @musclesmouse
      @musclesmouse 2 หลายเดือนก่อน +7

      Carmax buyers are not smart

    • @DeemonslayeRs
      @DeemonslayeRs 2 หลายเดือนก่อน +1

      ​@musclesmouse what buyers?

    • @jamespulver3890
      @jamespulver3890 18 วันที่ผ่านมา

      I think my mom bought a 2023 Crosstrek Sport (so like 3 trim levels up) at a dealer for ~$32,000. Granted that was a year and a few months ago, but ... If you're watching the price of Crosstreks, you should never end up paying more than $27,000 before taxes / fees cause that's the MSRP on the base model and you can get one ordered for you.

  • @grants169
    @grants169 2 หลายเดือนก่อน +299

    22% interest? WTF?

    • @jiminauburn5073
      @jiminauburn5073 2 หลายเดือนก่อน +12

      That is for someone with horrible credit. Excellent credit is about 9% and good credit is in between the two.

    • @Inobscurity-n7j
      @Inobscurity-n7j 2 หลายเดือนก่อน +4

      Back in the day. Foothill Nissan would sell anyone a car. Anyone. They charged 21%. That was 25 years ago. It's almost comical.

    • @jjc4577
      @jjc4577 2 หลายเดือนก่อน +8

      I remember when a 22% loan was userious.

    • @M0viLover
      @M0viLover 2 หลายเดือนก่อน

      @@jjc4577 I bet Carmax's financing arm is located in Delaware..

    • @tronlegacy2664
      @tronlegacy2664 2 หลายเดือนก่อน +1

      My was 29 Apr a month

  • @lotus956
    @lotus956 2 หลายเดือนก่อน +4

    22.9 percent interest is literally taking money out of your account and setting it on fire in parking lot.

  • @gerbearjones6056
    @gerbearjones6056 2 หลายเดือนก่อน +36

    I can't believe anyone would pay 22% interest

    • @raiden031
      @raiden031 2 หลายเดือนก่อน +4

      You would once you saw why they were being offered 22%

    • @monsteraetc
      @monsteraetc 2 หลายเดือนก่อน +3

      @@raiden031the interest is on the sticker…so they plan on charging that regardless of credit score. I’d imagine people with bad credit would be offered even worse options.

  • @solskengroupllp2758
    @solskengroupllp2758 2 หลายเดือนก่อน +130

    Friend with a used car dealership in Houston told me this morning he's loosing money on 95% of what is on his lot. His price point is $25K a car give or take. His floor plan interest in killing him. He's in crisis mode.

    • @brettwheeler7753
      @brettwheeler7753 2 หลายเดือนก่อน +64

      And he was making money hand over fist in 2020! Cry me a river!

    • @fibonaccisequence2891
      @fibonaccisequence2891 2 หลายเดือนก่อน +9

      Did he spoke to you trough " pandemic "?..I bet he could not keep up with demand 🤷‍♂️

    • @davidallen2682
      @davidallen2682 2 หลายเดือนก่อน

      Cry me a river boo hoo. Fucker made enough fucking money over the past two years to last generations

    • @dvaritek434
      @dvaritek434 2 หลายเดือนก่อน +37

      I mean he could always lower his prices and stop losing money. And just re up with a smaller floorplan. But the greed is strong

    • @RickRatchetTvJames_Bytch
      @RickRatchetTvJames_Bytch 2 หลายเดือนก่อน

      Zero sympathy

  • @tjmmcd1
    @tjmmcd1 2 หลายเดือนก่อน +7

    I noticed in the massive inventory at this Carmax dealership, that it only had a total of TWO used electric vehicles for sale: a Tesla and a Ford lightning truck. Bottom line is virtually NO ONE is purchasing an EV, whether new or used!

    • @atlantasailor1
      @atlantasailor1 หลายเดือนก่อน

      You need to see China.

  • @randybuyers
    @randybuyers 2 หลายเดือนก่อน +12

    Basic rule of finance. Limit the interest you pay on a depreciating asset.

  • @hoapres
    @hoapres 2 หลายเดือนก่อน +71

    Used cars never die but live on at Carmax.

  • @samsung-ok4ki
    @samsung-ok4ki 2 หลายเดือนก่อน +49

    LOL I see a restraining order coming from Carmax

  • @jimlampert2897
    @jimlampert2897 2 หลายเดือนก่อน +78

    My neighbor works there.He is probably worst human i ever met.

    • @user-wj7cv9hb5j
      @user-wj7cv9hb5j 2 หลายเดือนก่อน +14

      We must have the same neighbours 😂😂😂

    • @jimlampert2897
      @jimlampert2897 2 หลายเดือนก่อน +1

      @@user-wj7cv9hb5j He argues with wifey during day in yard so all can digest.

    • @DuffyGabi
      @DuffyGabi 2 หลายเดือนก่อน +1

      Worse than POTUS 45?

    • @TJ-ht3jb
      @TJ-ht3jb 2 หลายเดือนก่อน +4

      ​@@DuffyGabimaybe his neighbor is potus 46.

    • @jimlampert2897
      @jimlampert2897 หลายเดือนก่อน +2

      @@TJ-ht3jb CORRECT

  • @ConstitutionCurt
    @ConstitutionCurt 2 หลายเดือนก่อน +17

    Carmax has always been criminal. They lowball you on the price and then jack the price up to sell.

    • @dirtcurt1
      @dirtcurt1 2 หลายเดือนก่อน +2

      Just like any dealer does.

  • @dougg1075
    @dougg1075 2 หลายเดือนก่อน +28

    Not to mention those challengers are rode hard for sure

  • @malcolmpurdum5026
    @malcolmpurdum5026 2 หลายเดือนก่อน +15

    Carmax has always had high prices. They’ve never been a deal.

  • @DJmemoriesPlaylists
    @DJmemoriesPlaylists 2 หลายเดือนก่อน +56

    CarMax deserves what comes. Back when I was buying cars for new car dealer franchises if I was bidding against a CarMax buyer I cannot remember a time I outbid one. They would pay stupid prices for their cars. It's like they thought we can sell it no matter what the price is. Many times let's say the price I put on the car was $18,000 I would run it another thousand or even 2000 and there they were still bidding. Never ever got hung out to dry. If they wanted it if they bid on it they bought it. I thought they were crazy a long time ago

    • @lot2196
      @lot2196 2 หลายเดือนก่อน +4

      They're still around. So is Carvana.

    • @DJmemoriesPlaylists
      @DJmemoriesPlaylists 2 หลายเดือนก่อน +6

      ​@@lot2196lol. True. Their belief must be "idiots aplenty".

    • @jiminauburn5073
      @jiminauburn5073 2 หลายเดือนก่อน

      @@lot2196 I still think that they are just a money laundering operation for the cartel.

    • @americanbadass88
      @americanbadass88 2 หลายเดือนก่อน +3

      Car Max was a spin off from Circuit City. So it doesn't surprise me at all

    • @mr.keptitreal
      @mr.keptitreal 2 หลายเดือนก่อน +1

      ​@americanbadass88 finally someone knows this. I use to work at circuit city part time. They sucked

  • @SabineRiverAuthority
    @SabineRiverAuthority 2 หลายเดือนก่อน +14

    Hey man! Been watching your channels for months. I have been “in the market” for a second vehicle for almost a year. I was not in a bind I had transportation. I listened when you said wait, hold off, dont buy now. Well I smashed a deal at a dealership in Houston last week. Swooped up a 2020 Sahara JLU. Stock with warranty and clean. I didn’t fall for any of their tricks. I told the salesman his job was to get me into the finance office. Why, it was a manual tranny they couldn’t sell it. I knew how long it was sitting there and it was a standard. Somebody F’d up at auction brought home a car they couldn’t sell. Thank you.

  • @JohnSmith-qw7si
    @JohnSmith-qw7si 2 หลายเดือนก่อน +28

    Bye bye CarMax you're going down!

  • @SumDumBro
    @SumDumBro 2 หลายเดือนก่อน +119

    That math ain't mathing.

    • @carquestionsanswered
      @carquestionsanswered  2 หลายเดือนก่อน +4

      Hahaha I meant 1 dollar a mile

    • @corydodge1691
      @corydodge1691 2 หลายเดือนก่อน

      ​@@carquestionsansweredHaha we knew what you meant 🤣

  • @easyfnmoney
    @easyfnmoney 2 หลายเดือนก่อน +16

    I'm parking my car and I see this guy in his Ford Lightning trying to hook his truck up to one of the chargers in the lot... He's fiddling with it, looking at the meter, goes back and forth... I realize I left my phone in the car, so I walk back to the lot. He's still there, frustrated and on the phone trying to figure out the electric charging meter, he keeps swiping his card.. i dunno if it was the meter or the truck, but seeing all these Ford trucks on the lot with 5k miles makes me think people have buyers regret. Anecdotal, I know.

    • @ScottishTerrorsInLA
      @ScottishTerrorsInLA 2 หลายเดือนก่อน +2

      There was a guy in a Ford Lightning trying to race me in my long range Tesla last night. Why would I want to do that? I think maybe some of the people that drive Lightnings ain’t right. Another anecdote

    • @dirtcurt1
      @dirtcurt1 2 หลายเดือนก่อน +2

      My buddies friend just got rid of their Tesla. Got tired of living around the car's needs. EVERYTHING was about the next charge and where it was. They would get up early to go charge the car for the day. Same when on a trip, got to find a charge station.

  • @josephmuscanere4270
    @josephmuscanere4270 2 หลายเดือนก่อน +25

    I was just shopping a Carmax here in Texas. They were selling at extreme top dollar even with 60-70k miles and the kicker… not giving you crap for your trade. Out the door with a quickness.

    • @mr.e7022
      @mr.e7022 2 หลายเดือนก่อน +4

      They offered us $1100 for an SUV we sold to a couple for $9500 and that was low blue book.

  • @jiminauburn5073
    @jiminauburn5073 2 หลายเดือนก่อน +72

    There is a chevy dealer near me that bought up a bunch of 2023 Chevy Bolt EV/EUVs at the end of last year from other dealers. I think they thought they would corner the market on them and anyone in the Seattle area would need to buy one from them. They had about 39 of them at the beginning of the year and were asking $6K over MSRP for them. Now we are about halfway through the year, Chevy has come out with a Blazer EV, about to come out with the Equinox EV. They will be making a new Bolt for 2025. That same dealer still has 32 of the Bolt EV/EUVs on their lot. They have dropped the price, but still want $3K over MSRP. Those cars are going to be worth less and less each month. With the Blazer and Equinox EVs fewer people are going to want them, and as soon as they come out with the 2025 Bolt, no one is going to want to buy a 2023 Bolt. They have to be feeling it, carrying so many of those on their lot. They are going to have to sell them for a huge loss soon.

    • @dvaritek434
      @dvaritek434 2 หลายเดือนก่อน +9

      Those cars were worthless when they were built, just saying 😅

    • @steven4315
      @steven4315 2 หลายเดือนก่อน +12

      Paid $22,500 OTD after the federal tax credit for a new 2023 Bolt EUV. Bolts are great little cars but nothing is worth over sticker.

    • @M0viLover
      @M0viLover 2 หลายเดือนก่อน +8

      Ha, ha. *Years ago,* I was day-dreaming of buying a Ford Mustang Shelby GT500. I did the "Build a Mustang" on the website .. and then I saw that a Boston South Shore Ford Dealer (Tasca) was the only dealer that had them? And, they were all over MSPR / had Market Adjustments. Reading your narrative, I *just* checked Tasca's inventory. They *still have* two 2022 GT 500s, each over $100K. Good luck selling *those!*

    • @breckfreeride
      @breckfreeride 2 หลายเดือนก่อน +2

      ​@@M0viLover it was 65 here in brokenfridge...

  • @USAWILL
    @USAWILL 2 หลายเดือนก่อน +6

    Here in Phoenix Arizona they locked all their cars at CarMax. They said that homeless where sneaking in the cars and sleeping in them or taking the batteries and selling them

    • @AlderaansRanger
      @AlderaansRanger 2 หลายเดือนก่อน

      Well Phoenix has become a shitty crime filled homeless drug encampment so I can’t blame them.

  • @bradleypollack5658
    @bradleypollack5658 2 หลายเดือนก่อน +6

    I just bought a 2023 Nissan Frontier 4x4 SV at Carmax with 1000 miles for $32k. I got 9% financing. I looked at the new car dealerships they were selling for $44k plus add ons.

  • @joecable39nc
    @joecable39nc 2 หลายเดือนก่อน +27

    I like watching your videos car prices are outrageous I own 13 Corolla S and 95 Tacoma may be older but nothing is wrong with them no repo man looking for me

    • @0346GT
      @0346GT 2 หลายเดือนก่อน

      True that

  • @fredtaylor9792
    @fredtaylor9792 2 หลายเดือนก่อน +72

    I can't be the only one who still can't afford any of these vehicles and don't give a flip about ANYONE who lost, or who are about to lose, money on them.

    • @aaronbugaiski2487
      @aaronbugaiski2487 2 หลายเดือนก่อน +8

      Yah you missed the whole point of the video. Nobody feels sorry for carmax. It’s a huge economic indicator. The shit about to hit the fan

    • @fredtaylor9792
      @fredtaylor9792 2 หลายเดือนก่อน +7

      @@aaronbugaiski2487 I didn't miss anything. I was commenting beside the point.

    • @justing6594
      @justing6594 2 หลายเดือนก่อน

      I can but I refuse. And people caused these problems. And I don't feel sorry for anyone who over payed or is facing repo.

    • @leo75757
      @leo75757 2 หลายเดือนก่อน

      ​@@fredtaylor9792I agree

  • @PeterWilliamson-nn9et
    @PeterWilliamson-nn9et 2 หลายเดือนก่อน +7

    These prices and interest rates are a recipe for disaster car payments of 1200 a month is outrageous

    • @lrevz9672
      @lrevz9672 2 หลายเดือนก่อน

      An that's for a new Honda accord😂... they are truly ripping people off 800 for the payment 350 for insurance

  • @jeffdurall8353
    @jeffdurall8353 2 หลายเดือนก่อน +15

    I bought a 2018 Toyota Camry in 2019, just before all the craziness of covid and all the other BS that followed it. As of right now, it has 54,000 miles and I've pretty much decided I'll drive that car as long as it makes financial sense, which means I'll be driving it for another 10-15 years. Maybe by that time, the price for vehicles will come down to Earth, but I'm not holding my breath.

    • @Derek8487
      @Derek8487 2 หลายเดือนก่อน +2

      I'm still driving a 03 toyota corolla.
      The thing just works, even stuff like the AC and power windows.

    • @0004612
      @0004612 2 หลายเดือนก่อน +1

      @@Derek8487sounds like my 2004 gr Cherokee. Everything works and all original.

  • @DavidNeeley-ib6li
    @DavidNeeley-ib6li 2 หลายเดือนก่อน +11

    I noticed when I was looking at the 2024 GMC Sierra at for 50,000+ and carmax had a used 2023 Sierra for way more ,53,000+ no wonder they are loosing customers.

  • @JoshuaCollections
    @JoshuaCollections 2 หลายเดือนก่อน +18

    CarMax now called 👉🏻CryMax

  • @realgtasacramentodashcam7292
    @realgtasacramentodashcam7292 2 หลายเดือนก่อน +47

    Every time I see a Carmax license plate frame and sticker on the back of a car, I wonder why that person doesn't remove them. That way nobody can make fun of you for going to Carmax.

    • @redfox_84
      @redfox_84 2 หลายเดือนก่อน +3

      no one cares where someone else bought their car 🤣

    • @mightbegenius
      @mightbegenius 2 หลายเดือนก่อน

      same with autonation license plate holders

    • @ThtMillennialDIY
      @ThtMillennialDIY 2 หลายเดือนก่อน

      For reals! Tell me you overpaid for you car without telling me you overpaid for your car 😂

    • @duancoviero9759
      @duancoviero9759 2 หลายเดือนก่อน +4

      CarMax is pretty good I don't know what you getting at plus nobody cares where you bought your car from, this isn't high School 😅

  • @milspecrider
    @milspecrider 2 หลายเดือนก่อน +18

    We don’t need those expensive cars to get to work, you can do it in a 4 banger, floss at home where nobody can see.

    • @breckfreeride
      @breckfreeride 2 หลายเดือนก่อน +1

      2000 Celica GTS! Smiles per gallon!

    • @largol33t12
      @largol33t12 2 หลายเดือนก่อน +2

      @@breckfreeride My VW is a 4 banger and gets over 33 mpg. One reason it's reliable is the lack of excess crap. It's so barebones it doesn't even have auto a/c. Hell, I don't even have an automatic! It's a 6 speed manual. The fanciest thing on the car is the backup camera! LOL.

    • @milspecrider
      @milspecrider 2 หลายเดือนก่อน

      He’ll yeah, that’s how

    • @biometal770
      @biometal770 2 หลายเดือนก่อน +1

      That’s my style. Nice home, paid off cars. I don’t even let my cars go to the shop, I fix them myself.

  • @wirebrush
    @wirebrush 2 หลายเดือนก่อน +4

    I wouldn't be so certain that 4runner didn't come from a consumer. My stepson ordered a Tacoma in 2020 and by the time it was delivered it's used value was considerably above what he paid for it and places like CarMax were offering stupid sums for in demand cars. People figured this arbitrage out and were ordering and taking delivery of high demand cars just to flip them for a profit.

  • @johnmaxwell1356
    @johnmaxwell1356 2 หลายเดือนก่อน +4

    I purchased my 2017 Nissan Sentra last year (private party) for $10,500 (70k miles). The state charged me tax title and license for the value (they claimed) of $14,000. It hasn't even been a year and blue book on my car is now ~$6,500. So I've lost 40% of the value in less than a year. I won't touch another vehicle till the market stabilizes and isn't so ridiculously crazy.

  • @jarreds3110
    @jarreds3110 2 หลายเดือนก่อน +7

    Dave Ramsey and such keep preaching that you can get a quality low miles 2 year old car and save money over a new car. I keep looking and all 2 year old cars are about the same price when you calculate the difference in interest rates for new vs used.

    • @kenik2023
      @kenik2023 2 หลายเดือนก่อน +1

      I stopped listening to Ramsey when he said 60k a year is "rice and beans" money.
      60k I can keep my current lifestyle and save.
      My credit score increased when I figured out how to use my cards.

    • @oimfc37
      @oimfc37 หลายเดือนก่อน

      Ramsey is a bafoon

  • @deanmitchell9568
    @deanmitchell9568 2 หลายเดือนก่อน +2

    No other car dealer posting videos on youtube has your great sense of humor.

  • @donaldgrant9067
    @donaldgrant9067 2 หลายเดือนก่อน +1

    One thing went through my mind as you were calling out the prices, "Dam I'm poor!"

  • @FloridaFrank2010
    @FloridaFrank2010 2 หลายเดือนก่อน +3

    Thank you as always keeping us current on the car market - we greatly appreciate it! =)

  • @tonyo8681
    @tonyo8681 2 หลายเดือนก่อน +8

    Carmax has always smoked both ends of the bong … their always high 😅

  • @jeffreybarker357
    @jeffreybarker357 2 หลายเดือนก่อน +2

    I thought I JUST watched a video about how this channel was gonna wind down for a while. Glad to see that’s not happening quite yet.

  • @joeybennett4489
    @joeybennett4489 2 หลายเดือนก่อน +1

    You’re straight forward approach to things makes you stand out thanks

  • @PelicanIslandLabs
    @PelicanIslandLabs 2 หลายเดือนก่อน +3

    Awesome to see you still pumping out these vids! Like the zippy editing!

  • @user-zk3me3sw5h
    @user-zk3me3sw5h 2 หลายเดือนก่อน +7

    My car is a Lexus 2004 es 330 that has just under 150k miles. Right now it needs the belts & water pump replaced as well as struts on the front & rear. I am looking at around $3k to do it all BUT I would rather replace it all than to spend BOOO CHOO bucks on something that may need those things anyway and have payments very high which would seem FOREVER.

    • @TechGorilla1987
      @TechGorilla1987 2 หลายเดือนก่อน

      We own one of these. Great car. We also own an 08 RX-350 with 225+K

    • @oimfc37
      @oimfc37 หลายเดือนก่อน

      Replace them. I have a 01 lexus ls430 with 230k. I recently got to the point of fix or replace and went with fix. Had to also do suspension and timing belt/water pump. I can't fathom even 600 700 dollars a month payment

  • @johnjohnson2855
    @johnjohnson2855 2 หลายเดือนก่อน +2

    Car max has been ripping customers off for years I’m glad to see them dropping in sales.

  • @peterkwok9608
    @peterkwok9608 2 หลายเดือนก่อน +3

    Thanks for the update Brandon 😎😎👍👍

  • @RepuBlicOfChaD
    @RepuBlicOfChaD 2 หลายเดือนก่อน +4

    People will still willingly put themselves in these situations.

  • @Derek8487
    @Derek8487 2 หลายเดือนก่อน +3

    I was looking @ used rav4s 2013-2018 range.
    Carmax was around 2-4k more than car dealers.

  • @mystisith3984
    @mystisith3984 2 หลายเดือนก่อน +1

    Thanks for this. I needed a laugh and got it.
    Those knives are falling & accelerating so careful with the toes... When repo of repoes starts en masse is when things get interesting for buyers.

  • @bradfordmcgomery9058
    @bradfordmcgomery9058 2 หลายเดือนก่อน +5

    Those Toyotas are awesome. But I’m not paying those prices. I can’t. Love this video today love the content. Don’t you be changing on us now? Love the channel. ✌️🇺🇸

  • @marcodarko6941
    @marcodarko6941 2 หลายเดือนก่อน +7

    So I went to browse their website real quick and right off the bat I noticed there was at least four 10-12 year old small Hyundai sedans each with over 100k plus miles on them that they were asking about $12k (11,998) for every one of them.. holy smokes! Those cars are like $2k maybe $3k tops if that in my opinion.. what a ripoff.
    I glanced over the prices of other vehicles but those I just mentioned stood out to me the most in particular.. nothing but a bunch of shysters running that company.

    • @jiminauburn5073
      @jiminauburn5073 2 หลายเดือนก่อน +3

      And being that they will easily be stolen, I bet they just have them on the lot hoping they get stolen. Then they can claim that $12K insurance on them.

    • @marcodarko6941
      @marcodarko6941 2 หลายเดือนก่อน

      Didn't even think about that, you could be right.@@jiminauburn5073

    • @ncvman
      @ncvman 2 หลายเดือนก่อน +2

      No one will buy. Will end up at auction and they will lose money. Probably get some huge tax credit for the loss. Uncle Sam will give them money instead of owe taxes.

    • @marcodarko6941
      @marcodarko6941 2 หลายเดือนก่อน

      That definitely seems to be a more plausible scenario. @@ncvman
      I see yt deleted my reply to the other commentor that agreed with.

  • @edwardbrock3807
    @edwardbrock3807 2 หลายเดือนก่อน +5

    The Gamestop of the car world lol

  • @wildbill6366
    @wildbill6366 2 หลายเดือนก่อน +2

    The dealerships are trying to gouge people.. people need to stop buying at these ridiculous rates.. 22% interest is horrible.. that's under 680 credit score..

  • @302Camaro
    @302Camaro หลายเดือนก่อน

    Saw you on Michaels podcast. We are not on the market now (have 4 vehicles) but its always a good idea to keep our fingers on the pulse of the car market. Looking forward to checking out your podcast.

  • @Kenneth_R
    @Kenneth_R 2 หลายเดือนก่อน +14

    Carmax works differently than a regular dealer. They are a publicly traded company. They might not want to realize losses right away by selling vehicles at a discount but they will have to at some point, to someone, most likely not the general public.

  • @howboutthemrims
    @howboutthemrims 2 หลายเดือนก่อน +3

    Love your videos!!

  • @TomConklin
    @TomConklin 2 หลายเดือนก่อน +1

    Talked to gentleman the other day who owns an Electric Mustang…he bought it used loves it. The range is about 250 miles. He drives it around Albuquerque. He said he has an SUV to drive when he leaves the city…kinda defeats the purpose…

  • @steveboussom6564
    @steveboussom6564 2 หลายเดือนก่อน

    You do a great job and really know cars. Keep it up.

  • @TheIrvingsylva
    @TheIrvingsylva 2 หลายเดือนก่อน +3

    Dont forget that those payments are AFTER you put down min 20%….😅

  • @jjc4577
    @jjc4577 2 หลายเดือนก่อน +4

    seems like there should be a sad violin being played behind Brandon...and a laugh track

  • @RonKnowsStuff
    @RonKnowsStuff 2 หลายเดือนก่อน +2

    I’ll be ready to take advantage of your new business venture

  • @jmpecore
    @jmpecore 2 หลายเดือนก่อน +1

    This is a beautiful museum. A tribute to today's fastest joining club - the 200k mile club.

  • @neiljuedes1661
    @neiljuedes1661 2 หลายเดือนก่อน +7

    Before buying one of the small trucks they could save money and buy a Radio Flyer wagon and have the same thing 😂😂!

  • @Redacted-Information
    @Redacted-Information 2 หลายเดือนก่อน +6

    Hunter Will Never go to jail!

  • @jaywalk6628
    @jaywalk6628 2 หลายเดือนก่อน +1

    CarMax was never about selling cars, it's part of Hedge Fund Managers fleecing our IRA/401K plans. Car max in my hood has always been full of expensive cars yet NO CUSTOMERS.

  • @hpw59
    @hpw59 2 หลายเดือนก่อน +8

    Croissant❤ with the European plug

  • @xwingbandit9391
    @xwingbandit9391 2 หลายเดือนก่อน +4

    Bye bye carmax, it was nice knowing you.

  • @caseyjames5412
    @caseyjames5412 2 หลายเดือนก่อน +15

    If you're not buying vehicles from private-party sales then you're throwing you money away. Bought a 2013 Toyota 4Runner for $25k from a couple. Every dealership in my state for the same mileage wanted $33k and more. Owners had life time records of extensive maintenance and told me all about the use it had. That $50k 4Runner is the same thing as my 2013. If you are looking for 4Runners 2010-2024 are all the same vehicle, just a matter of what mileage you can afford.

    • @InternetUser._
      @InternetUser._ 2 หลายเดือนก่อน

      I never saw the point in paying a premium for a low mileage Toyota. They last so long, the value proposition for a low mileage example just isn’t there for me.

    • @raiden031
      @raiden031 2 หลายเดือนก่อน +1

      I won't buy private party because it's very inconvenient. There is worrying about being scammed or robbed, there is having to request to take a car you don't even own to a mechanic and find the time for that, then there is the as-is sale with no return policy, then there is the risk of course it fails inspection or emissions. Seems like too much of a hassle to save a couple thousand bucks. Especially when my price range is around $15k.

    • @JBM425
      @JBM425 2 หลายเดือนก่อน

      @@raiden031It’s also difficult to finance a car purchased from a private party; not impossible, but it’s definitely not easy.

  • @jc7887
    @jc7887 2 หลายเดือนก่อน +1

    Just bought a 2022 Big Horn with only 9k miles and a 17k dealer added upfit by Rocky Ridge that included leather, a 6" lift, 35" tires and 20"rims for only 38k. Feels good to be in the drivers seat of making deals again.

    • @jaxcrow7162
      @jaxcrow7162 2 หลายเดือนก่อน

      Sorry about your peepee

  • @lucagiannettoni9817
    @lucagiannettoni9817 2 หลายเดือนก่อน +3

    The car industry's greed is blatantly evident in the skyrocketing prices of new vehicles, making them increasingly out of reach for the average consumer. Manufacturers prioritize profit over accessibility, flooding the market with overpriced models while ignoring the financial struggles of many potential buyers. This relentless pursuit of higher margins and luxury segments reveals a disturbing indifference to the economic realities faced by the majority. Their greed not only alienates consumers but also contributes to the industry's own downfall, as fewer people can afford to buy their products. It's a shortsighted strategy that sacrifices long-term sustainability for immediate profits, exposing the industry's deep-rooted avarice.

    • @0004612
      @0004612 2 หลายเดือนก่อน

      Wow, lots of big words in that diatribe.

  • @CMBBmc-jd6ur
    @CMBBmc-jd6ur 2 หลายเดือนก่อน

    Loving your videos.

  • @mybachhertzbaud3074
    @mybachhertzbaud3074 2 หลายเดือนก่อน

    I had no idea this would be a comedy channel. Those prices had me rotflmao!😜

  • @mikkinikki1902
    @mikkinikki1902 2 หลายเดือนก่อน +5

    Yesterday at Carmax I noticed a long-term tenant staying there: 2012 Mustang V6 with 104k miles $17k...and I guess steady supplier to Carmax of the ford maverick is the ford dealership unsolds???

  • @Jawara_
    @Jawara_ 2 หลายเดือนก่อน +3

    My 18y/o friend got a car and I was happy until she told me it was 30k used and her monthly cost is around 1k including insurance

    • @lrevz9672
      @lrevz9672 2 หลายเดือนก่อน

      Yea sounds about right. These new car buyers don't even know what a fair price is. They have been so high for so long... going on 4 years now

  • @mitteradams1216
    @mitteradams1216 2 หลายเดือนก่อน

    Love your videos thanks

  • @ericmaclaurin8525
    @ericmaclaurin8525 2 หลายเดือนก่อน +1

    I remember the first time I took a mortgage application from a borrower with a $750 monthly car payment. If you can afford to throw away that much money every month you shouldn't need a loan at all.

  • @melvindavis2789
    @melvindavis2789 2 หลายเดือนก่อน +7

    BMW should make Strudel.

  • @djrickyb
    @djrickyb 2 หลายเดือนก่อน +3

    There is a bunch of Tesla Y model cars for sale in my area up here in Maryland for like $23,799 to about $33,000. That Tesla is WAY over priced right now. People don't generally want a used Tesla. They are a pretty hard sale. That car is going to sit A LONG time at that Car Max before they lower the price enough to sell so someone. I bet it is still sitting there 6 months from today! Go there in December, and see if it is still there! :)

    • @jiminauburn5073
      @jiminauburn5073 2 หลายเดือนก่อน

      You can buy a brand new one from inventory for $45K from Tesla after the tax credit. Cheaper than what they want for that used one.

  • @harrypaez2796
    @harrypaez2796 2 หลายเดือนก่อน +2

    Never trade in your car to a dealer. Never buy a car from a dealer. Sell and buy to a private party.

  • @jhford1234
    @jhford1234 2 หลายเดือนก่อน +2

    Never been happier I bought a 2012 Sienna for 22k in the fall of 2022 with barely 30k miles on it. These prices are unreal.

    • @largol33t12
      @largol33t12 2 หลายเดือนก่อน

      I hope you had someone take a deep look at the car. Make sure nothing has been welded back together. Fresh welds are a dead giveaway that the previous owner had a minor scuffle with it. Unfortunately, the used car market is becoming just as risky. Dealers in some cities (not all) are trying to dump them quickly so they can force people to look at new cars, hoping to trick them into getting "a great deal". I worked in retail for 11 years. I know the dirty tricks: mark the car up $5,000, then say "Save BIG: $4,000 off sticker!" I always look at the window sticker and read the very first line. That's the price before they slap anything on it. Then I add up all the accessories/options and see if they match the bottom. If they don't, it's a sleazy dealer. I walk out before the salespeople can even say "Hello!"

    • @lrevz9672
      @lrevz9672 2 หลายเดือนก่อน +1

      20k+ for a10yr old minivan. U still got fleeced 🤣

  • @jimmyhvy2277
    @jimmyhvy2277 2 หลายเดือนก่อน +5

    22% Interest ? Where Do i Sign !

  • @LouisHansell
    @LouisHansell 2 หลายเดือนก่อน +1

    Those clear blue skies in your video look great. What happens to a vehicle when it is sitting, not being driven, just sitting on a dealer's lot for 6-7 months? What happens to the battery? The fluids? The tires - do they move the vehicles around in their lot? Do they open the doors periodically to let the heat escape? The normal highest high temps are mid-July, still six weeks ahead.

    • @jiminauburn5073
      @jiminauburn5073 2 หลายเดือนก่อน

      I wonder that about those new 2022 Ram trucks he found. They have been sitting there for at least a couple of years.

  • @RonKnowsStuff
    @RonKnowsStuff 2 หลายเดือนก่อน +10

    Don’t enter the electric vehicle market. It will shock you. It’s not watt you think it is. The currency flow is a transformer. The outlet might be a conductor and amp you up but it really is a ground fault interrupter.

    • @jorgetech2985
      @jorgetech2985 2 หลายเดือนก่อน +2

      Calm down Mr. Electrician. Lol

    • @prettyyybizarrre
      @prettyyybizarrre 2 หลายเดือนก่อน

      😂

    • @carlwest859
      @carlwest859 2 หลายเดือนก่อน

      Dah, do not put finger in plug, make stinky boom boom. Know? Watt you think now? Nyet.

  • @totalchips6547
    @totalchips6547 2 หลายเดือนก่อน +3

    Tax season is over an car prices don't go down...

  • @rsos8541
    @rsos8541 2 หลายเดือนก่อน +2

    Great job

  • @hoapres
    @hoapres 2 หลายเดือนก่อน +1

    Domestic Delta being the FBI HRT (hostage rescue team) was called in rescue a potential customer behing held hostage at a Carmax dealers when the prospective customer was swarmed by 100+ Carjack employees that wouldn't let the customer go until he bought a car for $100K that was really only worth $10K

  • @danpanderson
    @danpanderson 2 หลายเดือนก่อน +2

    Croissants… that IS funny!

  • @thomashill6033
    @thomashill6033 2 หลายเดือนก่อน +5

    What narcotic are the Carmax pricing people smoking?

  • @parm890
    @parm890 22 วันที่ผ่านมา

    Love that pre repo comment on the scat pack. Lol

  • @shiftintohigh5564
    @shiftintohigh5564 2 หลายเดือนก่อน

    Insane! Thanks for your common sense!