Carmax auctions open to the public




Carmax auctions open to the public

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  • Well, those folks have never been to an auto auction. Carmax has cutthroat middle-fingered competition at their dealer auctions and the prices reflect the screwing .. Should the government protect people from themselves? Strong . When the credit lines start opening up on the retail end of the market.

    CarMax, which promises to buy any vehicle a consumer wants to sell it, plans to open its 68th auction site, in Pleasanton, Calif., on Tuesday.

    CarMax Dealer Auctions are currently the third largest used car auction in the CarMax Auctions are open only to registered auto dealers.

    Carmax auctions open to the public

    Carmax auctions open to the public

    Then you will see used cars plummet in value. Do you mean that the buy here pay here lot makes the initial deal then dumps the deal on a second party after taking their cut? Some BHPH dealers tote the note. Then again, it can be even lower if you set it up for a 5 year run.

    Carmax auctions open to the public

    Carmax auctions open to the public

    Carmax auctions open to the public

    Carmax auctions open to the public

    Carmax auctions open to the public

    I returned the favor by finishing second nine times at their auction. You would be surprised by all the ways I nearly make money these days. Mechanical issues, electrical weirdness, defective braking systems, and wrecks that make the cars undrivable. I buy a lot of the non-wrecked cars because, often times, I know how to fix the issue. An Infiniti Q45 that has trouble getting into gear may need no more than a neutral safety switch.

    Eventually, as you make your way from the Audis and Acuras, down to the Volvos and VWs, you end up with quite an education. The local parts stores and junkyards also become your long-time best friends. One thing you will learn while going to the auctions is that the online pictures rarely do a car justice.

    Carmax auctions open to the public

    This one was a beastly bastard in the flesh. On the right Volvo, Subaru, unpopular Merc or Infiniti, these guys will fight tooth and nail with each other. However a crappy exterior condition and the tough marketability of a stickshift SAAB, meant that this car would likely go to a buy-here pay-here lot. I could easily have found good seats for it at one of my favorite auto recycling centers in Alabama. I also have a long-time friend of mine who is fantastic at removing major dents and scuffs from vehicles.

    The problem is that this car has electrical issues. I had to be conservative on this one. So I accept the honor, joke around about my new doorjam, and proceed to try to buy cars.

    Carmax auctions open to the public

    The sale starts out hot and stays that way through vehicles. I see the 13th car, a white Chrysler PT Cruiser with k and an automatic, go on the block. It was a white, model with a stick and only miles on the odometer. The same towel rack design on the dashboard.

    Same exterior and interior colors with the drabbed out grey seats and plastic dashboard. Same everything except for the transmission. Later in that same sale I had also bought a Prius with k that had been dealer maintained every 3, miles and had been given a new big battery and tires. I took pictures of both vehicles at the auction, put them up on Ebay, and sold each of them for a profit that was north of two grand.

    Those were the days. This car will likely be sold at a buy-here pay-here that specializes in risky loans that has a strong credit partner. I see the dealerships in my neck of the woods stacked to the gills with these Chryslers along with a long list of overproduced and generally less popular inventory. As in me as the second highest bidder. I love these cars. They can get close to 30 mpg on the highway and a lot of mature buyers love the leather seats and gadgets that usually come with them.

    Carmax auctions open to the public

    I have financed several over the years and they always make the note. However green is a cursed color in these parts. In fact, that someone else is one of my big competitors at this sale. The Cobalt had only 55, miles. A lot of finance companies cover the lower mileage segment of the market. I have owned both vehicles over the years, and to be blunt, there is nothing to love about either one in my world. Only plenty to like on a sub-prime basis, and a five to six year loan term for the new owners.

    An older Lexus still symbolizes the good life for a lot of folks, and this one should be a good match for that aspiration. The bottom starts falling out of the price at the auctions once you get into a certain mileage, condition and type. Minivans, especially those without leather seats or power sliding doors, have become the automotive version of leprosy at most car lots.

    How much is a Jeep Wrangler at a Dealer Only Auction ?



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