Is it cheaper to buy from CarMax?
Simply put, in most cases the CarMax price is not cheaper than a dealer. Their cars are well inspected but tend to cost more and the prices are firm.
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But having physical locations means CarMax also deals with higher overhead costs, which translate to you paying a higher price for your car. On the other hand, Carvana's process is mainly online, and the lack of overhead costs means you get better rates.
Why is Carvana cheaper than CarMax?
Carvana gives you seven days, and CarMax offers a whopping 30 days to return — no questions asked. And since things can happen, despite a robust 150-point inspection from both sites, Carvana and CarMax offer similar limited warranties as well. Carvana's is 100 days or 4,189 miles. CarMax's is 90 days or 4,000 miles.