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5.1

Overall Score

Author: Kaitlyn Short

LAST UPDATED: April 9th, 2022

If you’re looking to buy a car from—or sell your car to— a trusted brand name, CarMax is certainly worth being one of the first options you try. The company’s first location opened in 1993 as an experiment suggested by executives at the Circuit City electronics corporation. The project, nicknamed “Honest Rick’s Used Cars”, was meant to expand Circuit City’s enterprise into other arenas. What became known as CarMax fulfilled that goal, growing rapidly across the United States through various acquisitions of car manufacturing real estate.

Currently headquartered in Richmond, Virginia, the company currently operates 195 used car stores in 94 markets. CarMax.com strives to offer superior quality used and certified pre-owned vehicles, as well as friendly service to its customers. The CarMax company has consistently been named as one of FORTUNE® 500’s “100 Best Companies to Work For” for 10 straight years. It has been serving customers for over 59 years, holding themselves to a high standard of integrity with their services and products.

Read on for CarMax pros and cons, plus CarMax reviews from users.  

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The Good

  • Focus on Customer Experience
  • Quality Inspection & Guarantees
  • Transfer Used Cars to a Location Near You
  • Great Used Car Resources & Tools
  • Sell or Trade-In Options

Focus on Customer Experience

CarMax is the largest used car retailer on and off the internet, allowing customers to shop for vehicles the same way they shop for products at what they call "big-box" retailers-sort of like a Costco or Sam's Club for the car shopping and buying experience. This refers to promising car shoppers an affordable purchase price with a no-haggle price model, a broad selection of CarMax Quality Certified Pre-Owned vehicles, and superior customer service.

CarMax's car buying process is based on the results of a notable consumer survey the company conducted back in 1991. The survey asked everyday consumers about their preferences when it comes to the process of buying a car. The answers below are what define today's CarMax's shopping experience. What this means for you the customer:

  • Customers said they don't like playing games, so CarMax lets you know the price right away, not after hours of haggling and mind games. 
  • Customers said they don't like their time being wasted, so CarMax lets you have one salesperson work with you from start to finish who won't make you drive all over town to find the right car.
  • Customers said they want security, so the company inspects and reconditions all cars and backs them with a CarMax 30 day warranty so you don't have to worry what will happen when you drive off the lot. They also come with a free AutoCheck vehicle history report. 
  • Customers wanted more fun and less pressure from car salespeople, so CarMax employees are trained to offer assistance without being pushy.

Quality Inspection & Guarantees

CarMax has a sizeable listing of used cars (new cars as well) that support its promise to offer security to customers. Each used vehicle has to be CarMax Quality Certified, meaning every used car must pass a Certified Quality Inspection.

Each used car sold also comes with a 5-Day Money-Back Guarantee, as well as a 30-Day Limited Warranty (and a 60-Day Warranty in Connecticut, Minnesota and Rhode Island and 90 Days in Massachusetts and New York).

Additionally, each used car buyer has the option of purchasing a MaxCare Extended Service plan covering the following:

  • Climate control
  • Cooling system
  • Drivetrain
  • Electrical systems
  • Electronics
  • Engine
  • Steering
  • Suspension
  • Transmission

The extended warranty is offered through MaxCare, a third-party warranty company. Deductibles start at $50 per visit. Customers who purchase the extended warranty will also receive emergency roadside assistance and rental reimbursement. The website provides a free coverage estimate based on how many miles you drive, your type of car, and your desired deductible.

Transfer Used Cars to a Location Near You

CarMax can transfer any used car you are considering to a local car dealership near you, so you can test drive it at your convenience. Transfer fees may be applicable, but oftentimes this service is free.

Consumers are encouraged to ask a CarMax sales representative about this nationwide transfer service and any possible fees ahead of time.

There is no obligation to buy the car once it is transferred.

Great Used Car Resources & Tools

There are plenty of resources at CarMax.com to help you find a vehicle. Read thousands of research articles, ratings, and reviews on the CarMax website.

For used car shoppers, this car retailer has a nice array of tools like a payment calculator to calculate and compare monthly payments and overall affordability.

What's unique, however, is their Tax, Title, Tags, and Fees Calculator and their MPG Savings Calculator. The Tax, Title, Tags, and Fees Calculator helps you figure out what sales tax, title, and tags fees you will need to pay, according to what state you reside in. All you have to do is select your state and vehicle price range and hit the Calculate button. If you're unsure about what fee rules and regulations apply to your next auto purchase, this is a perfect car shopper's tool.

The MPG (Miles Per Gallon) Savings calculator allows you to see how a vehicle's fuel economy will affect your bottom line. It actually allows you to compare two cars at once to see how they stack up against each other. This is a great tool to determine long-term maintenance costs for car ownership. To find out how much you'll save (or lose), locate the desired car's gas mileage on the Carmax vehicle profiles you selected, then fill in the average MPG of two cars you'd like to compare and hit "Calculate Savings."

Sell or Trade-In Options

CarMax.com will also buy or trade-in your current vehicle no matter what condition it is in. An owner can get a free written offer that is good for 7 days at any CarMax dealership location. If you choose to sell your car to CarMax, you will receive a bank draft on the spot that may be deposited in your bank right away.

Another unique component for consumers is being able to sell their car to CarMax. Although CarMax is not the only car buying service site doing this, it is the only one that offers a unique appraisal process to see what your car is worth. The appraisal process looks like this:

  • Fast and free—your appraisal can take as little as 30 minutes and you're welcome to watch while you wait.
  • No obligation—CarMax will buy your car even if you don't buy theirs.
  • No appointment needed—bring your car in for an appraisal any time they're open.
  • CarMax appraisers—specially trained to evaluate the cars they buy.
  • The written offer—it's good for seven days at any CarMax location.
  • Fast payment—upon selling CarMax your car, you'll receive a bank draft on the spot!

The appraisal process is Step two in a streamlined, no-hassle, three-step selling process—the result of the code of conduct based on consumer's preferences previously mentioned. 

  • Step One is to bring in your car to one of CarMax's dealer locations. Making an appointment is optional, but you'd probably be better off making one—especially if you have a busy schedule. 
  • Step Two is to get a written offer. This comes after the appraisal process and is good for seven days. 
  • Step Three is the final step where you have the option to complete the sale transaction, trade it, or think it over. CarMax will buy your car regardless of make, miles, or condition.
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The Bad

  • Issues with MPG Savings Calculator
  • Spread Out Locations

Issues with MPG Savings Calculator

CarMax has a lot to offer used car buyers and sellers with only a few inconveniences. For example, the MPG Savings calculator is a great tool-it would be even greater if you could just find out the miles per gallon savings on one car instead of having to compare two. When searching the site, if you're only interested in one vehicle, you can't use the tool.

Spread Out Locations

Another inconvenience is that if you are not living near one of CarMax's locations, taking advantage of 'sell to CarMax' or trade-in process may not be viable. As store locations are so spread out and possibly in a state other than your own, you may need to make travel arrangements or you may be unable to afford the trip either time-wise or money-wise. (This is where the Tax, title, tags, and fees calculator comes in handy).

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The Bottom Line

CarMax offers lots of tools to help people with buying and selling cars, trucks, and SUVs. What makes CarMax so massive is that, unlike many online auto companies, they are not just an internet business. The company has brick-and-mortar car dealerships around the country—although very spread out.

Getting to one of their locations may be an issue, but since CarMax will buy your car regardless of make, miles, or condition, if you plan on selling your car or are looking to buy one yourself, their website is one worth exploring.

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Star Rating

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3.6

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200 Reviews

Review Breakdown

5 grade

44%

4 grade

24%

3 grade

7%

2 grade

3%

1 grade

24%

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Arte Ledyard Hilliard, OH

I went to have my 2007 Toyota 4Runner appraised at CarMax on Sawmill Road in Dublin, Ohio and this is my experience. On the positive side, making an appointment online was easy and the people at this location were very friendly. The appraisal process was pretty straight forward as well - you provide the basics on your car, hand over your keys, and about 30 minutes later you will receive a written appraisal that is good for 1 week. It all went smoothly, but on the downside the offer I received for my vehicle was the lowest of all the places I checked and 33% lower than the highest offer (Autotrader.com was the best followed by Cars.com and Carvana.com). As with anything, it's always wise to shop around for the best offer, and my experience with Carmax proved that point.

7 years ago

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Yolanda Queer Shelley, ID

CarMax's option to deliver to your home is very enticing, however, the cost of home delivery is very expensive, especially if you live far away from the dealership. It seems nice, but it feels like a trick. Good service, though.

5 years ago

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Matthew Carbaugh Herndon, VA

Went into a local carmax to request documents for purchased vehicle from a different location. Apparently Different locations do not use the same system so I had to contact the other store. Wish I had knew that before wasting a trip out for nothing.

7 years ago

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Hannah Cummins Gilbert, AZ

Carmax is easy to use and they have decent inventory but the taxes and prices are way too high. The salespeople will try to say they can let you "buy" the care for a few days with a guarantee that you can return it if you don't want to keep it but according to state law that's not possible so they seem slightly non-trust worthy.

8 years ago

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Lindsey American Fork, UT

I used CarMax in looking for our new car, but I was able to find cheaper options online elsewhere. It's still good to compare pricing when searching this website.

8 years ago

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Juanita Morrison Columbus, OH

I was given a reasonable online offer without the vehicle being seen. My only complaint is that they require you to pay any negative equity before they close the deal.

4 years ago

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russbayles West Valley City, UT

Can’t beat the ability to get a price on your trade in and not feel the pressure of having to decide right then. They give you days to decide. It’s great!!!

6 years ago

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Campbell Blair Phoenix, AZ

I do like Carmax, I think it really helps you find the cheapest options but I think that anyone can post on it and I'm not sure I trust everyone who posts.

7 years ago

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Jalan Mccloud Tallahassee, FL

Willing to work with you on financing a car but prices are sometimes high for the quality of the car.

6 years ago

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OwenE. Norcross, GA

I could not find cars in my price range that suited my needs. Not many details are offered.

6 years ago

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Jami Lucas Cheyenne, WY

We got our car appraised from carmax and we were very disappointed with the offer.

6 years ago

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Lori Fletcher Saratoga Springs, UT

Not as much selection as autotrader. Their website was easy to find and use though.

6 years ago

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Grossarth Family Herriman, UT

Didn't have the best selection of used cars.

4 years ago