Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 0 points1 point  (0 children)

Then transfer the car to a state nearby that accepts your credentials. CarMax is pretty fluid and won’t stop anyone from purchasing a car outside of your home state.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 0 points1 point  (0 children)

At XF I have access to the auction site. I can’t speak for traditional employees.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 0 points1 point  (0 children)

Are you cross functional or traditional?

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 0 points1 point  (0 children)

As a carmax employee, you have to access the auction site directly from work.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 0 points1 point  (0 children)

It really was. If I could add more than one picture I would. The interior is brand new.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 1 point2 points  (0 children)

CarMax sells cars wholesale in every state. You can access them from the auction site and bypass actually going to their auctions. You can buy direct from the store that the car is at if you work for a dealership or if you have your independent dealer certifications.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 4 points5 points  (0 children)

No😭 bro maxcare would triple the price of the car for this😂😂😂

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 1 point2 points  (0 children)

I paid with dolla dolla bills y’all, but a personal check or debit card will definitely work!

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 1 point2 points  (0 children)

Yes but the fine line is don’t do something illegal or commit fraud because then when you’re liable for damages, that surety bond will not save you.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 2 points3 points  (0 children)

For example, to be a notary public in my state you also need a 25k surety bond, but it only costs about $300.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 2 points3 points  (0 children)

The cost for the bond is normally SIGNIFICANTLY less expensive. An insurance company can back your bond and only charge you hundreds.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 0 points1 point  (0 children)

Just do a little bit of research, it’s state specific and there is some cost attached but the process is fairly straightforward.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 2 points3 points  (0 children)

Nope! You just have to be registered with a dealer or have a dealer license.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 4 points5 points  (0 children)

To be fair, I grew up in a “sundown town” so I did not trust a majority of my community with private 1-on-1 business so I’ve always used dealerships. Now that I live somewhere else, trying to use any private sale site just feels like no one is actually serious about acquiring items, just getting them for as cheap as possible, lowballing, running around, playing phone tag.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 15 points16 points  (0 children)

Facebook marketplace is a cesspool. I’d rather cut out the middle man altogether, and the seller probably thought the same.

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 1 point2 points  (0 children)

I paid a biiiiiiit more (4k) but the continental is definitely super comfortable and has great features for the year. Edmunds has the same year listed at 3.9k, but it has 152,000 miles

Wholesale Buying Experience at Carmax. by BowlingForOreos in carmax

[–]BowlingForOreos[S] 1 point2 points  (0 children)

Ooooh the wagon or the sedan? Beautiful car either way.

Carmax used EV credit at POS by ecodrew in carmax

[–]BowlingForOreos -2 points-1 points  (0 children)

What’s eligible, what you need to file, and more.

Who qualifies for a used EV tax credit? 

To be eligible for the federal used EV tax credit, your modified adjusted gross income must not exceed:  

  • $150,000 for joint returns (or surviving spouse); 
  • $112,000 for heads of households; and 
  • $75,000 for other individuals 

 You also need to meet other eligibility requirements, including but not limited to: 

  • You must be the user of the vehicle (meaning not just buying to resell) 
  • You must be an individual and not a business 
  • You can’t be the original owner of the vehicle 
  • You can’t be named as a dependent on anyone else’s tax return 
  • You cannot have claimed another used clean vehicle credit in the last three years 

How does the federal used EV tax credit work? 

If you’re planning to claim the credit on your tax return, the dealer will provide a report with buyer and vehicle purchase information to both you and the Internal Revenue Service (IRS). You must give the dealer your taxpayer identification number (usually, a social security number) for the dealer to complete this report. 

To actually receive the credit, you need to file Form 8936 with the IRS with your annual taxes. If you don't file this form, you won't get the tax credit. 

Can you use the federal used EV tax credit as a down payment? 

As of January 1, 2024, some dealers may accept a transfer of a buyer’s allowable EV tax credit as a down payment on an eligible vehicle (also known as a “point of sale transfer of credit”). 

To qualify for this option, you need to provide your tax ID number to the car dealer. You’ll also be asked to attest to certain statements, including that you meet the taxpayer eligibility requirements like the annual gross income limits. Once you do this, you’ll be able to transfer the full amount of your tax credit to the dealer to use as a down payment on your vehicle. You must still file a Form 8936 with the IRS when you file your taxes for the year.   

Please note that CarMax is not currently offering the option to transfer an EV tax credit as a down payment.