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On average, a CarMax location employs 40 sales associates. Each car goes through a thorough 125-point inspection process, beyond any state-required inspections, and includes a 90-day warranty, three days to change the financing for free, and, 10-day money-back guarantee (reduced in 2024 from a 30-day money-back guarantee). [10] [11]
[19] [20] Vroom provided a seven-day money back guarantee on purchases and a 90-day bumper-to-bumper warranty. [15] Vroom also bought cars from customers, who could receive a cash voucher after submitting photos and information about the car online. [17]
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CarMax auto superstore in Raleigh, North Carolina. CarMax is a used car auto superstore concept developed in 1991 at Circuit City by Austin Ligon, then Circuit City's Senior VP of Planning, and Rick Sharp, then Circuit City CEO. The goal of CarMax was to revolutionize used car retailing through a combination of large selection (400+ used cars ...
2. JanSport. Parents sending their kids off to school have long recognized backpack-maker JanSport for its top-notch warranty. This company, founded in 1967, guarantees nearly all of its backpacks ...
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Warranties may be time limited, thus limiting the time the buyer has to make a claim for breach of warranty. For example, a typical 90-day warranty on a television gives the buyer 90 days from the date of purchase to claim that the television was improperly constructed.
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