Buying A Fleet Vehicle From Carmax !!EXCLUSIVE!!

At CARFAX, we collect events from the lives of millions of used cars from 20 European countries, as well as the USA and Canada. We can then create a vehicle history for every car in our database and make it available to you.The information helps you to check sales data, avoid expensive follow-up costs and negotiate a fair purchase price.

buying a fleet vehicle from carmax

At CarMax, we want to give our customers a great experience, whether they are buying or selling a vehicle. And that starts with the way we collect and deliver inventory. As a Fleet driver for CarMax, you will need more than just loading and driving skills. Every day, you will engage with vendors and associates, ensuring the best possible experience for our customers. And since we know time at home is important, we strategically develop routing to have our drivers home every night.

At CarMax, our Fleet Drivers do more than just loading and driving. Every day, our Fleet Drivers engage with vendors and associates, ensuring the best possible experience for our customers. We want to give our customers a great experience, whether they are buying or selling a vehicle and that starts with the way our Fleet Drivers collect and deliver inventory. And since we know time at home is important, we strategically develop routing to have our drivers home every night.

All fleet vehicles have been driven professionally, and most have also been cleaned and maintained professionally. However, once those vehicles hit certain mileage milestones, have been in an accident, or have been through certain kinds of bad weather events, they are typically retired and sold so that a new vehicle can be purchased instead.

Carmax makes it easy to sell your vehicle to them. Because they are a national chain that only deals with used cars, they've established a research-backed method to assess your vehicle and give you a fair price for the condition it's in. So, instead of reinventing the wheel, Henna will simply pay you $500 more than what Carmax offers you. Why do we do this? Because we'd much rather sell a truck raised in Texas to a Texan than buy a salt damaged vehicle from up north and then pay to ship it down here to sell for more than it's worth. As a local business, we like to keep things local and offer our customers a vehicle that can stand up to whatever Texas throws at it.

There are many reasons you might need to sell your vehicle, and no matter what yours is, getting it done doesn't have to be a stressful experience. In fact, at Henna Chevrolet we've been buying vehicles from the public for years and by doing so we've developed a streamlined process that guarantees you the most money with the least amount of hassle.

Buying from the public:When we buy directly from you, everybody wins. You get to sell a vehicle you no longer want or need, and we get a vehicle that was usually loved and cared for by the previous owner, and we'll happily pay more for this type of car, truck, or SUV.

There are two easy ways to sell Henna your vehicle. The easiest is to get it appraised at Carmax, there's one just up the road from us, and bring us the signed buyers order within 7 days. Then you simply drive it in and hand us the paperwork.

CarMax was founded in 1993 in Richmond, Virginia under the ownership of Circuit City Stores. In the early 1990s, Circuit City was looking for growth opportunities in different markets outside consumer electronics. The automotive sector was identified due to its large size, fragmented nature, and a reputation for less than stellar consumer satisfaction. CarMax was separated from Circuit City and became a publicly traded company in 2002. The business model turned out to be very successful and the company is now the largest retailer of used cars in the United States, selling 619,936 vehicles at retail in fiscal 2016 along with an additional 394,437 vehicles through wholesale auctions. Although CarMax is the largest used car retailer, it does not have a dominant share of the market. In 2015, Over 17 million new cars and 40 million used cars were sold at retail, with an additional 10 million vehicles sold at auction. The total fleet of light vehicles in the United States was approximately 260 million at the end of 2015.

Purchasing a car has traditionally been a frustrating process for most people. Unless you are someone who particularly enjoys the negotiating process or derives energy from confrontation, buying a vehicle, especially a used one, is about as pleasant as getting a root canal. One can choose between going to a dealership or transacting with a private party, but informational asymmetry, the complexity of the product, and financing issues make the transaction inherently difficult. No one wants to overpay for a lemon or be pressured into making a complex decision in a less than hospitable environment.

In terms of used cars sold at retail, the decline from fiscal 2008 to fiscal 2009 was fairly modest at 8.4 percent. Unit sales recovered slightly in fiscal 2010 before exceeding pre-recession levels in 2011 as store expansion resumed. Used vehicle gross profit held steady during the worst of the crisis and then exceeded pre-recession levels in 2010. Average selling price of used vehicles sold at retail increased substantially from fiscal 2009 to fiscal 2013 and has held steady since that time. Store expansion accelerated over the past few years and has driven unit sales higher. As per-unit economics have been maintained, overall profitability has increased with diluted EPS rising from $1.24 in fiscal 2010 to $3.03 in fiscal 2016, a compound rate of 16 percent. EPS growth has also been aided by a repurchase program initiated in fiscal 2013.

The second major shift involves advances in automated vehicles. Greater automation, including the ability of a car to drive itself most of time, will dramatically change the way in which individuals interact with vehicles. It is plausible to believe that private vehicle ownership will decline especially in urban and suburban locations. Large fleets of automated vehicles could transport people to their destination efficiently. It would no longer be necessary for individuals to incur the significant cost of vehicle ownership and having an expensive asset sit idle 95 percent of the time.

From the perspective of early 2017, the idea that people will forego personal vehicles may seem to be farfetched. Even if automated technology advances rapidly, many people will resist change and the overall vehicle fleet will not be automated for an extended period of time. No one knows when or if automation will change the nature of transportation but this seems like a risk that cannot be ignored when evaluating companies in the automobile industry.

Instead of the traditional trade-in, the company appraises a customer's vehicle, and offers a purchase price regardless of whether the owner plans to buy a vehicle from CarMax. Someone can go to a CarMax store just to sell their vehicle, CarMax officials said.

The wholesale auctions, designed for other car dealers, are where CarMax sells vehicles it bought from customers, but the vehicles did not meet its requirements for selling the cars at its store lots.

Anyone who has ever been involved with the search for a used vehicle has undoubtedly come across the possibility of purchasing a corporate fleet vehicle, and you may have wondered whether it was safe to make such a purchase. These kinds of cars are usually advertised as a very advantageous deal for the buyer, and they do seem to be well maintained, with generally comprehensive service and maintenance records.

Several rental car companies have distinct operations, and sometimes entire divisions, which are assigned the task of reselling used vehicles from the corporation. This is also true of many used company cars as well as surplus vehicles used by government personnel. If you have ever considered purchasing one of these kinds of vehicles, you should take the same approach that you would for any other kind of used vehicle, and research it properly.

Just as you would with a used vehicle offered by an individual, you should determine whether or not you can get a good price, how well the vehicle was maintained, what its current mileage reading is, and what kind of warranty might be included with the sale. In other words, when you think about purchasing a corporate fleet vehicle, you should subject it to the same kind of thorough examination you would with any other used vehicle you might consider.

I have had a lot of people ask me in the past couple of years if buying a loaner car is a good idea. We have seen many dealers recently ramp up their loaner fleets, and there are a number of reasons why.

Usually, the answer is yes, a lot of money. For instance, I have a large Chevy dealer in my network that has offered as much as 30% off MSRP on several models of loaner cars, and they cannot come close to that on a brand new car. This particular dealership is running a loaner fleet of 300 vehicles most of the time, and that includes some of their most popular models like Silverado, Tahoe, Camaro, Suburban, and Malibu, in addition to some of their smaller cars. When you are shopping online or in the newspaper, you'll notice many of the best deals out there say "demo" next to the price. Odds are good this is a loaner vehicle, which is fine, but that is why the price looks so attractive. 041b061a72