Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
Unthreaded | Threaded | Whole Thread (24) |
Author: Gator1984 ⎊  😊 😞
Number: of 15058 
Subject: Re: OT: Car Max (KMX)
Date: 05/25/2023 1:05 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 10
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.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (24) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds