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The company was incorporated in 2014, and first launched in San Francisco in 2015. [6] [7] The company initially served as an intermediary that bought and sold used cars on a consignment basis. [8] The company then began acquiring cars outright and reselling them on its platform direct to buyers, removing the peer-to-peer consignment model. [9]
While CarMax is seen as the nation's largest used-car retailer, it has competition. With a significant shift in customer shopping habits, more online-only companies have worked to capture Carmax's share in the used vehicle market. CarMax unveiled an Omni-channel platform to allow customers to buy a car online, in-store, or any combination of these.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
But buying used is still less expensive than buying new. So as you explore your car-buying options , keep these tips in mind to get the best deal. Tip 1: Have a realistic budget
Determine Your Budget. Step No. 1, when buying a used car, is the same as the starting point for buying a new car — or buying anything, for that matter: Find out what you can afford.
Carvana raises used-car buying to a new level, and millennials love it. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach ...
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