Carvana is an online-only used-car retailer that performs almost all the functions a physical dealer would offer: buying and selling cars, accepting trade-ins, and financing purchases. Naturally, the company's site contains a thorough FAQ page, but here's a primer on how it works. How do...
Car buyers can browse cars, trucks and SUVs on carmax.com or at their local CarMax. CarMax owns every car they sell, and the vehicles are located at one of their physical locations. Cars in the CarMax inventory are purchased at auction or through individual purchases or trade-ins. CarM...
Does CarMax do lowball? Inventory: Even if you're bringing in a more valuable vehicle, if CarMax has a bunch of that type of car right now, they start to pay less to buy more of them in trade ins. Additionally, if the demand is low, or if it is a vehicle that tends to sit ...