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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: AdrianC   😊 😞
Number: of 21944 
Subject: OT: Car Max (KMX)
Date: 05/24/23 1:50 PM
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No. of Recommendations: 5
There was some interest in Car Max on the old board. I have not investigated the company but do have a little scuttlebutt: here's our experience at Car Max today.

They have lots of inventory, about 400 vehicles at this location. Everything we looked at was in nice condition and priced sky-high.

Example 1: 2023 Elantra Hybrid 5k miles priced at $30k, new MSRP $25.6k, described on Car Gurus as $3191 above market. Hyundai offering 4.9% financing on new ones, if you can get one.

Example 2: 2022 Tesla Model 3 RWD base priced at $43k, new Tesla price $40k and in stock at our local Tesla shop. The Car Max one should qualify for a $4k tax credit, the new one for a $3750 tax credit.

It's puzzling who would buy these cars. People that can't finance elsewhere, perhaps?
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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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