What is CarMax used for?
CarMax, Inc. United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. You can get a CarMax MaxCare extended service plan for up to five years or 150,000 miles. It will cover the engine, cooling, steering, drivetrain, suspension, and more. A CarMax MaxCare warranty can cost anywhere from $1,559 to $4,289 depending on your vehicle type, mileage, and deductible chosen.CarMax does not have a stated limit for the age of vehicles they will make an offer on. Although an offer for a very old car will typically be much lower than an offer for a newer vehicle, CarMax may still generate a quote for an old car. CarMax is a nationwide chain of auto retailers that buy and sell used cars.A MaxCare Warranty plan covers major systems and parts on your car that may include the engine, transmission, drivetrain, electronics, electrical systems, steering, suspension, cooling, and climate control. Your only out-of-pocket cost for a covered repair is the deductible.CarMax does not have a stated limit for the age of vehicles they will make an offer on. Although an offer for a very old car will typically be much lower than an offer for a newer vehicle, CarMax may still generate a quote for an old car.Every car we sell automatically comes with a CarMax limited warranty, even if it’s still covered under the manufacturer’s warranty. This means your car’s major systems, plus hundreds of parts inside and out are covered, including labor. We offer a 90-day/4,000-mile (whichever comes first) limited warranty.
How does MaxCare work at CarMax?
If your car needs repairs that are covered by your MaxCare plan, you pay your chosen deductible to the repair facility who will be repairing your car. Deductibles are only paid once per visit to the repair facility (regardless of how many repairs are made during that one visit). MaxCare comes with perks like rental car reimbursement and roadside assistance, but it does not cover some repairs and maintenance. Making the right choice of warranty coverage is important—consider your individual needs, vehicle reliability, and driving habits when selecting the best option.MaxCare is an extended service plan that helps protect against unexpected repair costs. The warranty includes: Comprehensive Component Coverage – Covers most mechanical and electrical parts, including the engine, transmission, and drivetrain.
Who is CarMax’s biggest competitor?
CarMax’s competitors and similar companies include Vroom, Inchcape, Copart, Penske Automotive Group and AutoNation. CarMax is a retailer company for used vehicles. Vroom is a company that provides online pre-owned car retailing services. CarMax operates as a retailer of used vehicles, providing customers with a range of services including sales, financing, and service. The company aims to offer a customer-friendly experience through a no-haggle pricing policy and a wide selection of vehicles.
Who is the CEO of CarMax?
Bill Nash is president and chief executive officer of CarMax, the nation’s largest retailer of used cars with more than 30,000 associates at more than 240 retail locations, customer experience centers, corporate locations and CarMax Auto Finance (CAF). CarMax has 245 store locations, nearly 30,000 associates, and is proud to have been recognized for 20 consecutive years as one of the Fortune 100 Best Companies to Work For®. CarMax is committed to making a positive impact on people, communities and the environment. Learn more in the 2024 Responsibility Report.CarMax pops on positive earnings results CarMax reported that gross profit increased by 12. The company purchased 336,000 vehicles from consumers and dealers. Q1 was the fourth consecutive quarter of double-digit year-over-year earnings per share growth, according to CEO William D. Nash.