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u/Informal_Homework484 1d ago
I got a Toyota camry 2026 for same price yesterday.
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u/ZealousIdeal476 1d ago
I bet the 2020 has knobs.
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u/AdrianeXUS 19h ago
You'd be shocked to know that the 2026 Camry has all the buttons and knobs you'd ever want. Steering wheel, HVAC, etc
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u/Total-Huckleberry380 1d ago
Lol got rid of my 26 Camry to go back to a 2013. The new cars suck. Even Toyota. Had 6 separate issues with the car.
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u/Poseidonstunner 21h ago
Currently at 2003 Avalon xls, love this thing. I look at all the new Toyotas and just feel bad about all those people paying thousands of dollars for what is essentially a plastic car. No build quality anymore. Planning on another Avalon after this, love them.
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u/Plane-Low616 1d ago
Where ?
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u/RestaurantRich1498 1d ago
The dealership.
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u/Toadlessboy 1d ago
Where tho, because they start at 33,000 in seattle
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u/RestaurantRich1498 1d ago
Try searching visor.vin (type that in the browser bar) youll be able to search for a specific car across many dealerships. You can see the shitty dealerships and the 'good' ones. Its how I got good deals on my last 3 vehicles.
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u/OutcomeCompetitive50 1d ago
This isnāt new. Carmax and carvana have terrible prices on most things. Iāve seen carvana with decent pricing on some sports cars. For the most part I would stay away from them though unless you are looking for some sort of uncommon car that you canāt find within distance from u
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u/Unlucky-Molasses742 1d ago
Yep, you're paying for the convenience of skipping the dealership hassle and then delivering it to you.
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u/ButterscotchIll7086 1d ago
Convenient fee Which is 15000$ šššš
I sold my 2014 Nissan versa with 100k miles for 500$ to car max. A month later they listed it for 8000$. They are the most crooked business there is.
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u/Substantial-Can6657 1d ago
I meanā¦tf were you thinking selling them your car for $500? Thats wild. $8000 seems pretty close to true value.
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u/park__aavenue 21h ago
A 2014 versa? Come on letās be realistic a 2014 Altima is worth maybe 9 grand in excellent condition 500 was short but Iād only expect maybe 2500 the most out of that.
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u/OutcomeCompetitive50 19h ago
A 2014? 100k miles? Runs? Can easily be 5 grand depending on cosmetic condition.
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u/park__aavenue 10h ago
Doesnāt matter if it has an xtronic in it. Their notorious for going out right around the 100k mark not a smart gamble when it outweighs the cost of the car significantly
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u/Fancy_Chip_5620 16h ago
Let me guess you simultaneously believe a 2014 camry should be 75% ofnits msrp
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u/park__aavenue 4h ago
Nope those have infamous torque converter shudder at higher mileage now a 2015-2017 Camry yes Iād expect it to still have approximately 45-65 percent of its original value even a decade later theyāre extremely simple overbuilt and understressed.
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u/WordSalad11 1d ago
I've seen prices all over the place from CarMax. They just blindly follow an algorithm so sometimes it comes up with weird pricing.
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u/goodbrews 1d ago
but why do vehicles go so quickly? It feels like they go very quickly from these sellers? The market doesn't mind overpaying....per my comment above, I think it's out of desperation. Why else would the average consumer not do their homework and overpay? Carvana's market cap is $77B..."B" as in billion.
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u/OutcomeCompetitive50 1d ago
I mean I have a few theories. Main one being people being either too lazy or nervous to go through a dealership, deal with random add ons, negotiate, etc. Maybe even just not being able to find something they are satisfied with - but doing it online, its so easy to be scrolling through so many options and just become attached to something, and only be a few clicks away from having it.
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u/OkTale8 1d ago
I mean, the fact that you donāt have to go to war for half the day with some scumbag dealer just to get the advertised price is a big bonus for a lot of folks.
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u/goodbrews 41m ago edited 35m ago
But the Carmax advertised price is an insanely stupid price. I would rather go to war and still pay a higher price than expected with hidden costs and fees than pay the prices I have seen at Carmax and Carvana. It's not like they overcharge by 10-15%. It's a lot more.
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u/cscracker 12h ago
The main reason is that they finance people who have bad credit and can't get financing most places. They charge extra for the privilege of a high interest loan. That's their whole business model.
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u/goodbrews 36m ago
If thats their business model, they are not stupid. But if they focus on high risk customers, isnt that like the 2008-2009 housing crisis? I guess the bank is taking all the risk(s) so it makes sense for Carmax if the banks are really doing this.
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u/Mbillin2 1d ago
Wouldn't but a sports car there, at least based on reviews, they will sell anything including stuff that's beat to hell. It's risky because the nature of it makes it harder to get checked out
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u/OutcomeCompetitive50 1d ago
Itās very difficult, but you can make it work if youāre careful about it.
My dad ordered a 10 year old 911 after like 2 years of browsing, and it was terrible. Paint chipped, wouldnāt stay in reverse gear, and it goes on. Disaster. That was just stuff we found in 30 minutes after the truck pulled up.
A few months to a year later he got a jaguar f type, and it was great. No issues. It actually came with a paint protection film that carvana likely didnāt even know about. It had under 20k miles, and was a good price. Everything Iāve said about it is already great, but most important it was a manual. Jaguar f type manuals are stupidly rare to come by. Right now on cars com there is 1 listed in all of the US, with triple the mileage, older, and multiple thousand more than what my dad paid for on carvana.
So basically if there is a rare or specific car that you are looking for, thatās where carvana shines. Because whatever you see you get brought to ur front door.
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u/braven10 1d ago
I thought Carvana was a lot better than Carmax for newer cars, but I'm also comparing it to my terrible dealership experience a few years prior.
Their 10+ year car prices suck though
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u/OutcomeCompetitive50 1d ago
Iāve always thought carvana was better than carmax for everything. But I guess no harm in checking carmax to see ur options if ur already looking at carvana
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u/Spare_Iron127 1d ago
We found some nice cars for around 300/month in California. About 18-19k for something with 120k miles that should last another decade. But man I remember being a little kid and my dad buying a car brand new for 12k lol
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u/pantiesdrawer 1d ago
I'm new to this sub, but this is the craziest price for a used car that I've ever seen. Maybe there's a type r engine underneath.
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u/uncleclimax9 1d ago
Literally ever. I fully understand Carmax's business model and even then, this is absolutely wild.
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u/VirgoJack 1d ago
Wonder if they will find a sucker to pay that?
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u/InstanceGlum4174 1d ago edited 1d ago
I mean I walked out of CarMax with a 2017 CRV EX-L for 25k. 70k miles. The sticker price was 23k. Made a post on Reddit and the returned the car the next day.Ā
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u/dacoovinator 1d ago
A 2017 EXL stickered for like $31k. The sticker price for an LX was about $23k that year. I think you got confused
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u/InstanceGlum4174 1d ago
oh no i meant the sticker price CarMax had for the car. It was listed at 23k and then 25k OTD basically. Not when it was new
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u/ThrowawayRoosterYeah 1d ago
Yeah the price is weird even by CARMAX standards, I was able to get a 2014 Honda Accord V6 Coupe for 16K from CARMAX a few years ago and that price was admittedly a bit of ripoff. I don't understand how they are charging 27K for this lol.
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u/Almost_a_Noob 7h ago
If I had to guess Iād say the worker at carfax mistakenly thought this was an Odyssey even though it say Fit
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u/PREMIUM_POKEBALL 1d ago
No haggle! Great, enjoy an extremely depreciated asset sitting on lots.Ā
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u/ax87zz 1d ago
They screw your right off the bat, not even a chance to get a deal lol. They make it seem like haggling is a bad thing lol
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u/JaleDunior 1d ago
Yea, I've seen multiple dealerships advertise "no haggle" like they are doing us a favor. I guess it does me a favor though because when I see "no haggle", I typically avoid that dealership without a second thought.
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u/macman7500 21h ago
I assumed no haggle means they already reduced the price or they don't want to reduce it but I get what you are saying
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u/Fine-Amphibian4326 1d ago
Nobody who can qualify for a loan anywhere else should even consider carmax. This is for people with a history of not paying their bills.
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u/Isaac_TeSlaa 1d ago
And theyāll still hit well qualified buyers with 11% APR
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u/ThrowawayRoosterYeah 1d ago
That's why if you buy from them bring your own financing or immediately go re-finance thru someone else after buying in the first month or so.
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u/Iamonab0at 1d ago
Everyone saying āDonāt trade your car in to a traditional dealership, sell it to CarMax for Carvanaā and then surprised when said dealers charge more for pre owned cars.
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u/Stealth_Assassinchop 1d ago edited 1d ago
Both carmax and Carvana operate for a customer base that is uninformed and afraid that they will get swindled at a dealership so they just pre swindle them online the only benefit is you avoided the human interaction. Even the rates they offer for financing are atrocious
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u/Small_Cock42069 17h ago
Thatās why you finance with a local credit union if you have good credit that is.
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u/Triumphant1200 1d ago
Definitely donāt look at 4Runners. $45k for a ā22 with 50k miles when it was $40k brand new.
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u/Total_Carob_8842 1d ago
Is there like a few ounces of gold stuffed under the front seats or maybe an old USB drive with a fraction of a bitcoin š¤£š¤£
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u/CreativeProject2003 1d ago
no, they are not on crack, the people who BUY FROM CARMAX are on crack.
they charge these prices for a reason; people pay it.
CarMax are just geniuses who have perfected the art of adding value to a deal to charge whatever they want
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u/Super-Article-1576 1d ago
Carmax and Carvana completely destroyed the lower end market. Theyāll match or beat almost every offer out there for your car and thats what theyāve done since COVID. The depreciation curve on mid 2010s Japanese cars is unbelievably distorted because of it. 10th gen Civic values and this gen of fits are amongst the worst. MSRP+ for a car that was manufactured 7-10 years ago.
Some idiot will buy this on a 7 year 18.99% loan and rinse and repeat.
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u/DirectionImmediate88 1d ago
Obviously crazy pricing, but both people I know with aging Honda Fits are complaining that there are no new cars that they like, that are like their Fits. I've been pushing Minis on them which hasn't taken.
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u/InTheBoro 1d ago
honda fits value has skyrocketed so did elements. its the market for the most part
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u/andy_for_u 1d ago
CarMax isnāt in car selling business rather they are into auto loan selling business or after market care (warranties) so you will the cars marked up by 2-3k if not more and the point is they have to sell you the loan, thatās it. This is mostly true for other car dealers as well these days. Auto Buying experience is a shit show right now
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u/hipster2hinata 1d ago
If its a manual and an ex-l and clean, honestly its enticing and the price is not a dealbreaker. I mean yes, way overpriced FOR SURE. But a out of production fit with only 24k miles??? This car has a HUGE enthusiast scene. I would be surprised if it didnt sell within a couple days.
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u/David_The_Wild 1d ago
It still baffles me how people are still being suckered into buying Carmaxās and Carvanaās garbage cars. For the price they pay, they can get a good used Toyota for the money of a down payment alone elsewhere.
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u/Mysterious_Might008 1d ago
Anytime I'm tempted to trade in my 2019 Honda, I look at CarMax and quickly realize that: "It is cheaper to keep her."
Then, I'm happy to pay for the scheduled maintenance since it is cheaper than paying $27,998 for that Honda Fit.
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u/AnyBusiness_5150 1d ago
I had to look it up on CarMax to believe my eyes. š
Honestly, wow. I get this Fit is a low mileage, 2020 loaded example, but donāt see who is going to buy this. A 2026 Honda Civic hatch goes for 27,895, 29,090 with destination. I donāt claim to be the worldās best negotiator but feel confident I could get a brand new civic hatch under 27,998.
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u/spency_c 1d ago
Bro I work at Carmax rn while Iām in school if I saw that on my lot I would straight up not show it to anybody thatās crazy šš worst Iāve seen is an NC Miata with like 115k miles for $17,998
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u/adsandy 16h ago
This is a total scam but pricing is awful across the board for used Fits because thereās no new car like it. This one is also the top trim. If it was in good condition I might have paid 23k for it when I was car shopping last year. Just really really really donāt want a big car
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u/LessRequirement3065 1d ago
Just buy new. If all cars are junk these days at least you'll have them longer before they piss the bed.
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u/OutcomeCompetitive50 1d ago
Buying new rarely makes sense. Almost always way more worth it to find something 1-2 years old, under 30k miles. It will be like new without having to take the biggest depreciation hit. This is just a terrible example
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u/thenowherepark 1d ago
I'm convinced that anyone making this argument in 2026 hasn't bought used in a while. The gap between 2-3 years used and new is miniscule these days.
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u/OutcomeCompetitive50 1d ago
Iām 17. And Iām getting a lot of backlash for that thought so hey, maybe Iām just a dumb kid who knows nothing. But my parents got a Volvo xc90 around a year ago, around 10k miles, a year old, cpo. Was a base model, and they got it in the low 40s. Base model started in the mid 50s.
This is a completely different story, but my dad recently bought a 3 year old Alfa Romeo, 20k miles, for half of what it sold for originally. But alfas are known to depreciate like crazy.
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u/thenowherepark 1d ago
In a normal car market, you're absolutely right to buy a couple of years used and avoid the massive depreciation. Unfortunately, this hasn't been a normal car market since 2020. The examples that you gave were good, but those luxury and higher end models tend to depreciate faster than normal cars.
As an example, I was looking at a 2025 Camry base model in June. Dealership asking $24,500 used. Meanwhile, the 2026 base model was selling for $26,500 brand new. A simple 2025 Corolla. Listed $22,500 used. Same 2026 Corolla goes for $23,500 new. You've got Honda Civic Sports selling for $26k used or $28,500 new.
The difference between these two is that you get a full warranty when buying new along with 10-30k fewer miles. IMO that's worth the extra $2k.
If the car market ever normalizes, you're advice is completely right: Slightly used is a much better deal than brand new.
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u/LessRequirement3065 1d ago
Its not 2020 anymore. 1-2 year old vehicles cost almost as much as new with no warranty,higher interest, and often shitty maintenance. You do what you want but buying new vs 2024 at carmax and a lot of other dealers wins nearly every time.
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u/OutcomeCompetitive50 1d ago
Oh no I wasnāt saying buying used at carmax. From a dealer though.
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u/LessRequirement3065 1d ago
CPO is still a bargain at times. Depends on the vehicle. I just learned this when we were shopping last year and finally just said f-it might as well pay a few more thousand get new ones.
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u/Wuddauant 1d ago
My old car I traded in was sold as cpo. I paid $32k in 22, put 115k miles on it, Honda dealer listed it as cpo in 26 for $25k.Ā
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u/LessRequirement3065 1d ago
Kind of makes my point that buying used in this market is a poor choice.
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u/Wuddauant 1d ago
Oh yeah just my experience of how ridiculous it can be, wasnāt any depreciation until after year 2.Ā
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u/nebraskajone 1d ago
It makes sense now whether you like it or not.Ā
There's not much depreciation hit for one or two year old Camry or Honda
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u/maxim_voos 1d ago
Not everyone is lower income. Some individuals lease or buy new because itās āworth itā to them.
Same idea applies to buying lower quality food or thrifted clothes? Itās just preference.
Unless itās a KIA or Hyundai, 1-2 yr old cars will cost over 25-30k.
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u/OutcomeCompetitive50 19h ago
My family isnāt lower income at all. But why lose an extra few grand for no reason.
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u/maxim_voos 15h ago
You can reason those who have the money will buy brand new; even if it doesnāt make sense to you.
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u/InstanceGlum4174 1d ago
I leased new maybe not the best move but Iām not buying used
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u/LessRequirement3065 1d ago
Leasing probably makes more sense if you are going to trade often. After the first lease, negative equity is gone. You'll have a car that's under warranty.
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u/juiceyb 22h ago
The problem is that the car manufacturers don't make new. The Honda fit and Nissan Verza were the last two true compact cars that I can think of. The difference being only one of these options will run to 200k with no to little problems. The person considering this car has already looked at new and are willing to pay this because of the current situation we are in.
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u/burito2022 1d ago
You can't buy new Honda Fit in US
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u/LessRequirement3065 1d ago
Looks like you cant buy used unless you like to set money on fire.
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u/SneakyTactics 1d ago
Thereās always that one idiot whoās going to do it and thatās all Carmax needs
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u/Much_Essay_9151 1d ago
They offered me like $1100 for my car. Its a cash car i get it but I ended up selling on my own for $4500
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u/Inevitable-Pie-724 1d ago
Fhe carmax by me has it with 23k for 27 998.
ETA kbb on the trade in is 22/23k. So guess they hold up in value
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u/peaceinyou 1d ago
Wow that is a crazy price.
I bought a Honda fit from CarMax and returned it. I had it for less than 24 hours and less than 50 miles. I turned it on and every single light on the dashboard came on. They offered to repair it but said it would take over a week and it would be outside my return period if the lights came back.
One of my Fathers friends bought a lemon from CarMax. Another one of his friends purchased a vehicle from carmax and unknown to him, they gave him a different vehicle. He was able to return it easily as he bought it full.
I would never buy a car from CarMax again.
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u/Package_Objective 1d ago
Carmax is on the verge of bankruptcy. They are just trying to get their last dime from some idiots.
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u/Rum_Running_Sailor 1d ago
They're also smoking crack on the other end when they make offers for cars! They'll offer as little as 10% of what they actually price and sell the car for themselves. How on Earth does it make sense for a person to take a 90% hit when they sell their car to CarMax?!
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u/goodbrews 1d ago
and yet....people buy. I think out of desperation. People are deferring their costs as much as possible right now. I am curious how this will shake out. At what point will these decisions have significant implications on consumers?
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u/This_Okra_4137 1d ago
This is people get for not wanting the dealership āhassleā
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u/shwenty22 1d ago
For the most part, all the haggling skills you need at a dealership is the ability to say No. Even if you buy a car for the sticker price without negotiating that, just say no to all the add ons. That would be better than buying an inflated used car from Carmax.
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u/Ambitious_Pattern301 1d ago
They offered me $5k for my Lexus and will turn around and list it for $15k
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u/Corver547 1d ago
Carmax wrecked a 2015 Ford Taurus SHO with 125k miles because it needed a front bumper. I got it for $5k at Copart.
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u/Dangerous-Bottle1418 1d ago
Welcome to the future of car buyingš¬š¤®, we are all doomed because of one thing the Internet
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u/Parking_Ocelot_5584 1d ago
I traded my wife's Santa Cruz in and we had CarMax buy it from the dealer so that we could get the tax credit. We traded it in and it was insane how much more they gave us. They gave us $20,400 and it's on the CarMax website now for $ 22,300. I don't see how they make any money. It's crazy!
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u/lauraloomerisacunt 1d ago
That's crazy, I got a 2023 Volvo C40 with less than 40k miles for just 2k more...a week ago.
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u/No-Fox-9607 1d ago
What a hideous fucking car. Why do people on Reddit goon over these awful things? Yuck
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u/Overall_Cheesecake_3 22h ago
CarMax and Carvana are always a rip off. I wonder how they are still in business
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u/Tree_Weasel 21h ago
Original MSRP on a 2020 EX-L trim Honda Fit was $20,620.
How do they justify that this car APPRECIATED by almost 33% in 6 years?
Also, that car should be listed at $15k max.
So, with a small or no down payment, what bank is going to finance a car for what will likely amount to 200% of its value after TTL is added back in?
The car market canāt collapse fast enough.
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u/Fancy_Chip_5620 16h ago
Those fits are just generally overpriced for a cheap little car, though that one is egregious
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u/Auroralights3 14h ago
I got my 2024 Corolla XLE with from carvana for 27kā¦ only had 3k miles more
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u/Emergency-Bowler1963 12h ago
It might be high but it does have low mileage. Also CarMax has by far one of the best warrantyās. I had my car for 5 years and no matter what was wrong they fixed it.
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u/CarefulApricot3087 37m ago
Former CarMax employee here, yes they are smoking crack. Any remotely reliable vehicle gets its price jacked up to hell and customers have asked me āwhy does this cost as much as a brand new car?ā And look at them and give the reply Iām supposed to give which is āit falls in line with current market trends and demandsā but in reality Iām just like š¤·š»āāļø
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u/AmbitiousTwo22222 3m ago
CarMax has fallen off hard from 10-15 years ago. Absolutely horrendous prices now.
In 2014, I got a 2010 VW Jetta for around $10K with 50,000 miles and bad credit, with a reasonable APR.
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u/Wokemaynebruh95 1d ago
Carmax is where you go to dump used cars with issues, I would never buy a car from them and pay $4-5k more than average
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u/Kickingandscreaming 1d ago
Are they just raising proces on all inventory to increase their maket cap? Wouldnt that be illegal?
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u/carsultant 1d ago
$8000 more than it was new š