Heads up gents: CLS55 in Carmax
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2004 E55
Heads up gents: CLS55 in Carmax
http://www.carmax.com/enus/view-car/default.html?id=12013882&AVi=0&No=0&Rp=R&D=90&zip= 91766&ASTc=Cls55&Q=7ca4f050-bffe-4e5c-97e0-9b4bdd264693&Ep=search:results:results%20page
I'm sure you guys have stumbled across Doug Demuro's articles about carmax and their gold standard warranties. I paid just $2800 (4 years/60,000 miles) for mine and its paid for itself 3x over already.
They'll also cover things that aren't in the warranty either if you catch it within the first 30 days of purchase (they covered my p030 brake rotors and pads just because I made a fuss).
I'm sure you guys have stumbled across Doug Demuro's articles about carmax and their gold standard warranties. I paid just $2800 (4 years/60,000 miles) for mine and its paid for itself 3x over already.
They'll also cover things that aren't in the warranty either if you catch it within the first 30 days of purchase (they covered my p030 brake rotors and pads just because I made a fuss).
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Joined: Dec 2014
Posts: 1,236
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From: Indianapolis
2004 E55.98 SS Camaro.Jetta TDI. Expedition
Carmax sucks. Their prices are high retail. I can find cars atleast 40% cheaper everywhere. If I wanted to pay 80% of what the car cost new I would buy a new one with 100k coverage. It's borderline buy here pay here. Do you shop at RTO places too?
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2004 E55
Spec out a similar transferable exclusionary warranty for these cars and you'll know what I mean.
The motivation of buying a car here is obviously not for the initial cost savings, it's to utilize a warranty on a 11 year old vehicle which parts are obviously wearing out and that your modifications can potentially can cause major failure. I've been down that road enough times to where I'd rather have the peace of mind to have another entity pay for it.
The motivation of buying a car here is obviously not for the initial cost savings, it's to utilize a warranty on a 11 year old vehicle which parts are obviously wearing out and that your modifications can potentially can cause major failure. I've been down that road enough times to where I'd rather have the peace of mind to have another entity pay for it.
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Joined: Jan 2015
Posts: 117
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From: Baltimore, MD
Volvo S60R
the car sits at 32k... way to high... buy one of the cars on here or of ebay and then buy a warranty and save alot of $$$... and what do you do with that extra saved... $$$$$ MOD fever baby
Super Member
Joined: Jan 2006
Posts: 607
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From: South Florida
W220 V12TT Land Yacht / W211 E55 Estate
no haggle price.... LOL...
They have the consumer so freakin' fooled. Its amazing how their business model works in the industry that is completely built its reputation on negotiation.
They have the consumer so freakin' fooled. Its amazing how their business model works in the industry that is completely built its reputation on negotiation.
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Joined: Dec 2009
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E55, past: SL55, 560SEL
http://www.carmax.com/enus/view-car/default.html?id=12013882&AVi=0&No=0&Rp=R&D=90&zip= 91766&ASTc=Cls55&Q=7ca4f050-bffe-4e5c-97e0-9b4bdd264693&Ep=search:results:results%20page
I'm sure you guys have stumbled across Doug Demuro's articles about carmax and their gold standard warranties. I paid just $2800 (4 years/60,000 miles) for mine and its paid for itself 3x over already.
They'll also cover things that aren't in the warranty either if you catch it within the first 30 days of purchase (they covered my p030 brake rotors and pads just because I made a fuss).
I'm sure you guys have stumbled across Doug Demuro's articles about carmax and their gold standard warranties. I paid just $2800 (4 years/60,000 miles) for mine and its paid for itself 3x over already.
They'll also cover things that aren't in the warranty either if you catch it within the first 30 days of purchase (they covered my p030 brake rotors and pads just because I made a fuss).
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Joined: Jan 2013
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2004 E55
Deductible is $300 / 4 years / 60,000 miles
So far they've paid in just over $10k in warranty claims (including the $2500 brake job in the beginning)
With your quote, it unfortunately looks like the fun is at an end. The only reason to buy from carmax was that amazingly cheap awesome warranty but alas it looks like they caught on.
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Super Member
Joined: Jun 2012
Posts: 959
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From: Maryland
W212 E63 AMG S Model
Think about the warranty cost being that $2800 + the inflated price they sell you the car at. You can get that same car for around $25k elsewhere... so you do the rest of the math.
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Joined: Jul 2012
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From: Orbiting the planet
This place is a joke.
I can tell you that the Carmax extended warranty is great. They cover many things that other warranty's will not. However, Carmax is overpriced, and is targeted towards subprime buyers with bad credit, or other foolish people who walk in the door without researching prices first. I looked at a car there once, and laughed when the people told me the price was "no haggle" after I made an offer...I ended buying a newer car with less miles for less money 15 miles away from a dealership, even after I showed them the ad for it.
http://carbuying.jalopnik.com/five-p...not-1710584409
http://carbuying.jalopnik.com/five-p...not-1710584409
MBWorld Fanatic!
Joined: Dec 2008
Posts: 4,411
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From: Socal, Chino
E55 2006 / CLS55 / S450 / Jag XKR2011
Not really.... with Carmax you can always negotiate the price. CLS55 is about $20k to $30K today in realistic pricing depending the mileage and equipment. I see people try to sell for high 30k but won't move the car. Heck, I see CLS63 55TT 2012 for $50K now !
Thread Starter
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Joined: Jan 2013
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2004 E55
I can tell you that the Carmax extended warranty is great. They cover many things that other warranty's will not. However, Carmax is overpriced, and is targeted towards subprime buyers with bad credit, or other foolish people who walk in the door without researching prices first. I looked at a car there once, and laughed when the people told me the price was "no haggle" after I made an offer...I ended buying a newer car with less miles for less money 15 miles away from a dealership, even after I showed them the ad for it.
http://carbuying.jalopnik.com/five-p...not-1710584409
http://carbuying.jalopnik.com/five-p...not-1710584409
The AMG's of our vintage can no longer qualify to be CPO'd however and now most aftermarket warranties no longer want anything to do with these cars. The ones that are still in the game are either over-priced or have questionable reputations at best. Spec out a reputable exclusionary warranty for these cars and you'll find most to be around 7-10k.
Things just have to align properly; priced competitively, low mileage, single owner, semi-exotic (AMG, m5/m6, etc) cars with questionable reputations and a future owner who will probably drive and modify the sh*t out of it that doesn't want to be financially liable for WHEN things break
Actually forget about AMG's, check out this m5 thread ($25,000 in warranty claims
)http://www.m5board.com/vbulletin/e60...max-story.html
Last edited by boostiality; Jun 17, 2015 at 01:24 PM.
