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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Gator1984 ✭  😊 😞
Number: of 21944 
Subject: Re: OT: Car Max (KMX)
Date: 05/25/23 1:05 AM
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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.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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