Subject: Re: OT: Car Max (KMX)
I was in a Carmax recently to sell my car. On the check in desk is a paper indicating all of the auto finance companies that no longer allow Carmax to pay off leases.

In the current environment all auto brands are doing what they can to control used inventory for resale. So they have cut off Carmax's access to re-market leased vehicles that they previously bought from customer want to get out of the leases. I assume that this is a substantial par of the market. I also expect that this policy will never reverse back to allow carmax to execute lease purchases in the future.

So Carmax can only buy owned or bank financed or leased autos. No longer any OEM captive leased autos.