Its my dream car: Is this car a good deal or rip off from CarMax, need advice?

[Hispanic-Cool-Guy]

Details: 2017 Audi A5 sport with 31,000 miles, one owner, no accident, car in excellent condition both exterior and interior but to me the price is very high, at new this car is worth about $45,000.

I checked Kelly's blue book and it said this car's vaule is currently worth $28,068 yet CarMax is selling the car for $35,998.

Here a link for you to see the car yourself and tell me what you think? https://www.carmax.com/car/22836106?adcode=EM_ComingSoon_Available

Updates

+1 y

Car Gurus has the car overpriced by $7 short of $4,000

www.cargurus.com/.../NONE

[20yearsolder]

If Kelley Blue book says it's only worth such and such then I wouldn't give them any more than that for it. That's exactly what I would tell the person selling it, it's not worth $35,000 or whatever it is

[Subarugirl]

actually that is right on point for market value for that vehicle.
www.kbb.com/.../

[20yearsolder]

I didn't ask the question, I just made a factual statement that if the seller wants more than Kelley Blue book value then it's probably not worth that much

[Subarugirl]

I've been working in car sales for 7 years, KBB give an owner a decent idea of what they can privately sell of trade their car in for. Of course a dealership is going to sell a car, especially one they have spent money on to inspect, clean, fix up and certify for more than what a you could get in a private sale...

[20yearsolder]

Then you should know that typically a financial institution will not loan more money than what Kelley Blue book says it's worth

[Hispanic-Cool-Guy]

@Subarugirl: Other dealership are selling it at $29,000. CarMax just wants to be greedy.

[Hispanic-Cool-Guy]

I'm just having a little bit of a problem right now finding one to my liking. It's coming though.

[Subarugirl]

Hate to break it to you but that isn't true... ANY car that you buy from a dealership is going to list for more than what KBB says you can get in a private sell or in trade in value.

[20yearsolder]

That's true, if you're dumb enough to pay the markup for the dealership.

[20yearsolder]

But go to a bank and ask for $40,000 for a car that only books for 35. They're not going to lend it.

[Subarugirl]

@Hispanic-Cool-Guy actually... it is extremely comparable to other cars same year, model and similar millage. www.kbb.com/.../

www.kbb.com/.../

www.kbb.com/.../

www.kbb.com/.../

.

[Subarugirl]

@20yearsolder As I stated... for sale by owner and buying from a dealership are two different things. Buying from a dealership is always going to be more expensive than the alternative. And again... I see cars, even new ones with 2-5k market adjustment selling for full price every day. As long they buyer has good enough credit and enough income, lenders have absolutely no problem handing those auto loans out like candy...

[Hispanic-Cool-Guy]

@Subarugirl: I just told you other dealerships I have seen on Carfax selling 2017 Audi A5 with similar exterior and interior condition and millage are selling the car for $29,000 yet Carmax wants wants about 7 thousands more. Not right.

The Audi I wanted last month in Ohio had 35,000 miles with almost brand new interior and that dealership sold the car for $29,000 and some change.

[Subarugirl]

Awesome! So why didn’t you buy it? You don’t have to like it but if you don’t buy it someone else will. No one cares especially not the dealership. Lol

[Hispanic-Cool-Guy]

@Subarugirl: At that particular time I was in the process of building my credit. Someone else brought the car two weeks ago.

[Subarugirl]

Good for them! So why don’t you buy the car you want from a private seller?

[Hispanic-Cool-Guy]

@Subarugirl: I don't trust private sellers nor I haven't found one. I want my car from a dealership better.

[Subarugirl]

Well there you have it

[DryGermanGuy]

Compare it to the other A5 models on the market, where are they, price-wise?
For what it’s worth, in Germany there are enough offers available in the 28-29k€ range.

[Hispanic-Cool-Guy]

Others on the market with about 3 more thousand miles are being sold for about $29,000 to $30,000 with similar or very close miles range but I can't find one that's 2017 as of right now.

Also, this car also has a lien on it. Your advice regarding that?

[DryGermanGuy]

It means that the car was financed and can be repossessed! That and the price should make you walk away.

[Hispanic-Cool-Guy]

And if wasn't lien, and I didn't make the payments they would have repo the car anyways, so what's the difference?

[DryGermanGuy]

This lean is between the previous owner and his lender. Until he gets the lien removed, you can’t register the car in your name as the lender holds the car title.

[Hispanic-Cool-Guy]

So in other words if the past person who had the car hasn't paid off the debt to his bank or quit paying his debt to his lender then at any moment that lender just can take the car from me?

[DryGermanGuy]

That’s my understanding. But like with all things in the United States, the laws vary from state to state. So it could be just a mechanic‘s lien, because the previous owner reneged on his workshop‘s bill.

https://www.creditkarma.com/auto/i/lien-on-car

[Hispanic-Cool-Guy]

Ok. Thanks for the help.

[douride2]

If the value is only $28000 I would never pay $36000 for it.

[Changiis07]

It sounds expensive. I rather buy a new car... rip off!

[Hispanic-Cool-Guy]

It's my dream car though.

[Subarugirl]

Cars in general are expensive, how ever that price point is on spot and not over priced.

[msc545]

An overpriced dream in this case.

[Changiis07]

Well if you can afford it without being tight on money go for it!

[Sixgunsound]

Right now because of the supply chain difficulties and associated difficulties, the used car market is hotter than it has ever been since cars were invented. Something else you can thank the incompetent morons steering the country right now for.

[AviatorTom]

An $8K profit is a bit much. I'd stay away from this deal.

[Googlemyahoo]

I was looking at a new vehicle but due to parts and chip shortages there's a 4-5 month delay. So they’re trying to sell used vehicles at ridiculous prices

[abc3643]

Get an EV.

It's just a matter or time anyway. Just wait for $10/gallon gasoline sooner or later.

[Hispanic-Cool-Guy]

Never. BS cars.

[abc3643]

You don't have a choice, young man. It's coming and there's nothing you can do about it.
And the reason that it is coming it that it is best for business and this planet.

In fact, if you are smart, start investing in charging companies.

[abc3643]

Here you go:
You don't want the Audi now - they'll stop making spare parts...

============
www.roadandtrack.com/.../
TITLE: Audi Confirms It Will Stop Developing New Internal-Combustion Engines in 2026
SUBTITLE: Audi will quit designing new gasoline or diesel engines in 2026, and plans to go EV-only in 2032.

JUN 22, 2021

Back in March, Audi confirmed that its internal combustion engine development program will soon come to a close. The automaker instead aims to focus on electric powertrains, as Euro 7 emissions regulations make ICE-powered machines more difficult to produce and many cities and nations consider banning ICE vehicles in the near future. The initial announcement from the German automaker didn’t put a proper timeline in place, but CEO Marcus Duesmann has added detail to the decision. According to the executive, Audi will no longer develop new gasoline or diesel engines after 2026.

Confirmation of this new timeline comes by way of Automobilwoche, a German-language sister publication of Automotive News. According to the report, Duesmann made the official announcement last week during a meeting at Audi’s Ingolstadt, Germany headquarters.

It is important to note that 2026 won’t immediately mark the extinction of Audi’s ICE-powered vehicles. Cars and SUVs with traditional powertrains developed before the 2026 deadline are slated to be sold into the early 2030s. As such, the last internal combustion-powered Audi is likely to be the upcoming Q8 SUV, which will launch alongside an electric Q8 e-tron model in 2026. Reports from Germany’s Handelsblatt suggest that the fossil-fuel-powered Q8 will leave production in 2032, at which point Audi intends to go fully electric.
...
(more)

[abc3643]

Audi’s current electric vehicle stable consists of six models: the E-Tron and E-Tron Sportback crossovers, E-Tron GT and RS E-Tron GT performance sedans (the latter of which is shown above), Q4 E-Tron and Q4 E-Tron Sportback utility vehicles. That said, the automaker has confirmed that it plans to roll out 20 new EVs globally by 2025. The Audi A6 E-Tron is expected to be the next EV to join the product line, debuting alongside an internal-combustion-powered A6 model in 2023. The new A5 is expected to follow a similar rollout, whereas the updated A3 and A4 are expected to arrive as EV-only products moving forwards. The wave of new electric products from Audi comes as the Volkswagen Group tries to position itself as the world’s largest EV manufacturer as a result of settlement agreements stemming from the Dieselgate emissions cheating scandal.

With this announcement from Duesmann, Audi has done more to publicly solidify its electric vehicle plans than Mercedes or BMW. Mercedes has confirmed its intention to speed up EV development, but has yet to clarify any sort of product timeline. BMW has promised half of its sales will come from fully-electric models by 2030, but has affirmed numerous times that it has no plans to phase out internal combustion in the near future. Audi, then, is in new territory for a luxury German automaker, though the industry as a whole is marching in that direction.

[abc3643]

ALL THE CAR MANUFACTURERS ARE DOING THIS.

And, with California's recent legislative change, it just gives more impetus.

www.nytimes.com/.../...nia-gas-cars-emissions.html
TITLE: California to Ban the Sale of New Gasoline Cars
SUBTITLE: The decision, to take effect by 2035, will very likely speed a wider transition to electric vehicles because many other states follow California’s standards.

By Coral Davenport, Lisa Friedman and Brad Plumer
Aug. 24, 2022

California regulators on Thursday will vote to put in place a sweeping plan to restrict and ultimately ban the sale of gasoline-powered cars, state officials said, a move that the state’s governor described as the beginning of the end for the internal combustion engine.

The new policy, detailed Wednesday morning in a news conference, is widely expected to accelerate the global transition toward electric vehicles. Not only is California the largest auto market in the United States, but more than a dozen other states typically follow California’s lead when setting their own auto emissions standards.

If those states follow through, and most are expected to adopt similar rules, the restrictions would apply to about a third of the United States auto market.
...
Several automakers said their strategies were aligned with California’s goal of promoting emission-free vehicles.

General Motors said it was still reviewing the rule but that the company also had a goal of selling only electric vehicles by 2035. “General Motors and California have a shared vision of an all-electric future,” said Elizabeth Winter, a spokeswoman for G. M.

[exitseven]

I heard that used cars are going for more than they are worth, If you can you should wait a year or two.

[Hispanic-Cool-Guy]

Seriously don't want to wait anymore.

[exitseven]

I get it.

[Redstang88]

I’d take a look around at what else is out there in the same age and mileage range and compare that. Seems a little steep to me but I don’t know th market on Audis

[Hispanic-Cool-Guy]

I'm doing that.

[msc545]

Overpriced. Don't EVER buy anything from Carmax.

[Iron_Man]

Check the bluebook value on the car and go buy that

[Jamie05rhs]

Every car being sold currently is a ripoff. Wait for the market to correct.

[WhiteBoyChill]

Rip off. Stop being so emotional about it, move on, and find an actual good deal.

Or just say fck it and spend the money for the pleasure

[Dargil]

Don't forget to rent a chair in the lobby of the repair shop.

[Anonymous]

I've never seen a good deal at carmax. The only thing I like about carmax is the ability to try on many cars without an annoying salesman trying to sell you on it. I typically go to carmax to peruse, then to another dealership to buy.

[Hispanic-Cool-Guy]

I agree. All the cars I see from them typically are well overpriced.

[Pterodon]

It’s too high however all used cars are very high rn because of Biden’s economy. This is not the time to be buying any car

[Hispanic-Cool-Guy]

I'm sick of waiting though.

[Pterodon]

I know. I went to a Subaru dealer to look at a new Impreza. They didn’t have one and told me buyers are buying them without test drives or seeing them and waiting three months to get them

[Subarugirl]

Yeah that is true

[joeldalton]

I couldn’t imagine paying that much for a depreciating asset.

[Hispanic-Cool-Guy]

This is the only car model I ever wanted. 😕

[joeldalton]

It’s your money. Imagine investing 43k instead.

[WhiteBoyChill]

@joeldalton And the worst part is it doesn’t even look that nice relative to other sports cars. I’d rather have a Pontiac Catalina!

[Hispanic-Cool-Guy]

@WhiteBoyChill: Believe or not the car is very nice, put some nice rims, dark tints with a black color car, and the interior especially at night with the red lights it looks absolutely amazing.

[joeldalton]

@Hispanic-Cool-Guy then some asshole in an Altima dings your door at the Publix parking lot.

[Hispanic-Cool-Guy]

Nope. God protects me always.

[joeldalton]

Ok. Good luck with that.

[jimmy2]

It is a rip off hell I was looking cars too no way find a bus or uber

[Alwayreckles93]

WY to over price in my opinion.

[Subarugirl]

Its right about on point for market value.

[Subarugirl]

www.kbb.com/.../

[Hispanic-Cool-Guy]

No. The one you put is 2018.

[Subarugirl]

Its a year older with basically the same mileage going for 2k more than the 2017... It's spot on

[Hispanic-Cool-Guy]

No, and besides the point the 2018 models both the interior and exterior design suck as the Audi went through a re-design of their A5 models.

Kelly's Blue book said its between $25,000 and $28,000. All the other A5 models with similar goof interior and mileage were at $29,000

[Subarugirl]

Have you ever worked in car sales?

[Subarugirl]

Because I have for the past 7 years. KBB gives an owner a decent idea of what they can privately sell or trade their car in for. Of course a dealership is going to sell a car, especially one they have spent money on to inspect, clean, fix up, service and certify for more than what a you could get in a private sale...
Just to put that into perspective for you here are a few 2017 A5s on the KBB site.
www.kbb.com/.../

www.kbb.com/.../

www.kbb.com/.../

www.kbb.com/.../

[Hispanic-Cool-Guy]

I see you been well trained to BS people and have them over pay for cars. 😏

[Subarugirl]

And I see that you are not familiar with the concept of supply and demand... Somone is going to buy that car, if you don't or can't afford it someone else will, because they are in demand and there are not many of them on the market. If you aren't happy with it, why not buy a privately owned car, or from auction? I know you don't like it but that doesn't change reality.

See I was gonna give you some tips on how to get a better deal but you're being a complete dick wad, so have fun with that.

[MiamiMadness]

Get the S5 broski

[KrakenAttackin]

Audis are very expensive to maintain.

[Hispanic-Cool-Guy]

It's not a problem for me.

[KrakenAttackin]

Than buy it.

[Hispanic-Cool-Guy]

With a lien on it? Good idea or not. I will make my payments on time always.

[KrakenAttackin]

@Hispanic-Cool-Guy. I like cars like most men, but we have to realize they are a luxury. If you can genuinely afford it and really want it, get it. Just realize it is a luxury and don't rationalize that you "need it". It's ok to splurge from time to time.

[Hispanic-Cool-Guy]

I been waiting a long time to get my dream car.

[KrakenAttackin]

@Hispanic-Cool-Guy. Go forth and get your badass ride!

[Hispanic-Cool-Guy]

Hopefully. 🤞

[msc545]

I am not even sure that Carmax can sell it with a lien on it unless they plan to pay off the lien before they sell to you

[Hispanic-Cool-Guy]

@msc545 oh ok thanks.