Why Paying More for Used Car May Be Worth it

CarMax offers a hassle-free used car shopping experience that gives you more options, more confidence and more convenience. But it’s also more expensive.

So is CarMax worth the cost? Scroll on for our thorough CarMax review.

The average car payment in the United States has hit a record high — more than $700 a month ($730, to be exact), per a recent study by Cox Automotive. That’s $8,544 a year on car payments alone, but drivers also need to factor in rising car insurance costs, rampant gas prices, routine car maintenance and even fees like car registration and annual inspections in some states.

And with some new car orders being delayed by several months, used vehicles are looking more attractive.

Buying a Used Vehicle in 2022: What You Should Know

Buying a used vehicle comes with its own set of drawbacks: Drivers are rightly concerned about questionable reliability, less efficient engines, shorter warranties and lack of recent safety features.

And the fear of being swindled into buying a lemon — ie, a car with defects they didn’t know about — is very real.

Not to mention that used vehicle prices hit an all-time high at the end of 2021 and continue to hover near their new peak. Prices have dropped a bit this year.

If you’re thinking of buying a used car but have little trust in used car dealers (and even less for private sellers), shopping at CarMax or Caravana may have crossed your mind. But is CarMax more expensive than buying from a traditional dealership, and what is the process like?

In our CarMax review, we’ll break down the pros and cons of shopping for a used vehicle at the vehicle retailer and explore whether it’s worth the cost.

Pro Tip

Buying a car can be a stressful, overwhelming task, especially if you need a vehicle ASAP. Our shopping tips and car comparison spreadsheet can make the experience a little easier.

CarMax Review: More Money But a Better Deal?

For our CarMax review, we analyzed the quality…

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