The consumerist
Tempe,#2UPDATE EX-employee responds
Sat, February 26, 2011
A straw purchase is illegal per se in most cases. For example, someone may purchase an automobile for another who, due to poor credit, cannot purchase it himself. The purchase is illegal; however, most financial institutions (i.e. banks) have very strict policies regarding this practice; if the other party defaults on payment, the original purchaser would be liable for the debt even if s/he could not collect the debt and/or repossess the car from the other party.
Being a college student you most likely have student loans out in your name and little established credit history. So instead of adding yourself to the financial arrangement (because you would have higher interest rate) you had only your mom on the deal to get a lower interest rate and payment. It would've been all fine and dandy if you were on the loan.
That is what a straw purchase is.
commercialpilot
Joliet,#3Consumer Comment
Sun, February 06, 2011
I know it's an old post but I just came across it last night and wanted to put my 2 cents in it!
Daniel.. A friend of mine also works for CarMax in Chicagland area. Since she has started with CarMax, all she talks about is how great CarMax is, like she has been brainwashed by CarMax. I think its part of your training lol...Also, you are wrong that it's Illegal to have some one else pay for the car. That's why the co-signer contracts exsit. I will even give you the benfit of the doubt that it's illegal to have some else pay for the car in your little world, In Rebekah's case, CarMax is still at fault, if they KNEW it was illegal, then they should have put Rebekah's name on the title as a co-owner. Since she was paying her mom, I am sure her would care less. But CarMax Neglected to do that. However, it's not ILLEGAL though!!!! It's a 5 year old post, hope you have a foind job else where by now since you said " you don't like working for a dis-honest company"
CarMax is a good place to sell your car but I would NEVER buy it from them. Yeah, it's a no haggle environment but hell, I don't want to pay $2k - $3k more for a car.
Peter
Pony,#4Consumer Comment
Thu, November 23, 2006
No one takes "Daniel" seriously. He likes to bash on others but can't bear the brunt when it is re-directed toward himself. He needs to wake up and smell the coffee, and stop defending his rip-off company through his made-up lies.
Kate
Los Angeles,#5Consumer Comment
Wed, November 22, 2006
As a concerned reader, I find it hypocritical of you to ask Peter not to attack your personal character, when you yourself are guilty of attacking the personal character of others on RipOffReport.com. Here is the URL of the post containing your comment: http://www.ripoffreport.com/ reports/ripoff187279.htm The title of the post is "michele is retarded." It was submitted on: 6/5/2006 10:14:00 PM and modified on: 6/5/2006 10:14:00 PM. Also, your comment to Michele that "Maybe your husband was fired because he was being a nuisance like you" is unbelievably rude and unnecessary. You are not doing your company any favors by continuing to post in this forum.
David
Virginia Beach,#6Consumer Comment
Sun, August 27, 2006
I'm glad I found this website (Rip-Off Report). My brother and I were to go to carmax this week and purchase a car each here in virginia beach. But after the comments from Daniel - Marietta, Georgia. I think I will check out another Dearler. Sincerly David
Daniel
Marietta,#7UPDATE Employee
Sun, August 27, 2006
TOM -- You live in Canada. There are no CarMax locations in Canada. Why are you posting here? You bought cars for your kids and your wife? Correct? And you were the ONLY person on the title? Correct? Great, perfectly fine. Spouses and children under the age of 18 are exceptions. Spouses because of the whole marriage thing and children under 18 because they cannot legally enter into a contract. PETER -- Where is Pony, Alabama. Never heard of it. The "ones" that you speak of when referring to CarMax must be the only on that is in Alabama. Correct? Its in Birmingham. Well, I've worked at that store as well as the four here in Georgia. They all work the same and ValuMax is the same at all stores throughout the country. I honestly don't know where you get your information, but I sincerely invite you to the Birmingham store to speak with a Sales Consultant because you are very misinfomed about CarMax. I also don't know how you interpreted my last post as saying that a luxury car that met the criteria for a ValuMax vehicle wouldn't be on the lot. It would. If it passes the inspection, it'll be on the lot. Maybe what I posted was confusing, I hope that this clears it up. It is true, however, that a ValuMax vehicle may have problems down the road. That doesn't mean that it is a bad car or that CarMax didn't do a good job. What that means is that you bought a vehicle that was (1) over 60K miles, or (2) over 6 years of age. That means a higher risk. The buyer KNOWS of this risk before they even look in the car. It says "VALUMAX" on both the front windshield of the car and on the window sticker. You are correct, consumers SHOULD do as much research as they can on the vehicles they are interested in. I recommend ConsumerReports.com as they have a very UNbiased opinion on vehicles and really get to the nitty gritty. Regarding the posts on here about CarMax. I haven't read all of them, but the majority of the ones I have read, CarMax did what we say we will and made the situation right. There is no law, at least in Georgia, that says a car can be returned after purchase. CarMax is the ONLY used car (and even many new car lots don't) that will allow a customer to return a vehicle. CarMax has been around since 1993, they are the biggest used car retailer, sell more used cars than ANY other company, have sold over 1.5 million cars since 1993, are a Fortune 500 company, were voted best place to work 2 years in a row by Fortune Magazine. Does this, honestly now, sound like a company that got to where it is today being dishonest and cheating the customer? If you say yes, then you truly don't know what you are talking about. Also, please don't attack my personal character. That is just rude and uncalled for.
Tom
Camrose,#8Consumer Suggestion
Thu, August 24, 2006
What have you been smoking? When I was a teen my mom bought vehicles and I was the ONLY driver. I have bought vehicles for my kids and wife and they have been the only driver. The finance people could care less who drives the vehicles as long as the payments get made on time. That will be the day my bank tell me who can drive my cars.
Peter
Pony,#9Consumer Comment
Thu, August 24, 2006
Perhaps your Carmax in "Marietta, Georgia" does not engage in such practices (though I doubt it), but the ones in my neck of the woods certainly DO, and they make it known exactly what is a ValueMax vehicle. Please ... if a perfectly fine car met the age criterion yet was otherwise 100% functional, you'd have NO TROUBLE AT ALL selling it on the regular lot. The reason why any car goes to the ValueMax lot is because of other underlying issues that CarMax does not want the customer to know about. And, as a customer, it is important to research and find out the truth before buying! Read all the reports on your company on this website. Hate to break it to you, pal, but you do NOT work for an "honest" company. Since you say you "would never work for a dishonest company" perhaps you should start looking for another job (if you stand behind your convictions instead of just putting up a "front").
Daniel
Marietta,#10UPDATE Employee
Thu, August 24, 2006
Alright, I don't know what web site you were reading when you got your information about what makes a car a ValuMax vehicle. Straight from the carmax.com site: "Thoroughly inspected and reconditioned older vehicles, 6+ years old and/or 60,000+ miles. May have minor cosmetic imperfections." You can easily find a luxury vehicle thats been in an accident and only has 3K miles on it. As long as there is no title branding, frame/core damage, multiple panels repainted, etc...it might be on the front lot for sale to the general public. There are TWO things that make a vehicle ValuMax: 1. 6 years or older 2. 60,000 miles or more That's it. No other qualifications make a particular vehicle a ValuMax vehicle. Being in a wreck does not make it a ValuMax vehicle. PLEASE PLEASE PLEASE don't post incorrect information as this is how consumers get the wrong idea about CarMax. I wouldn't work for a dishonest company.
Peter
Pony,#11Consumer Comment
Sun, August 20, 2006
First of all, "ValueMax" vehicles are so-called because they have been in accidents, have high mileage, or have other issues that cause the car to not meet basic specifications. They are priced extra low because of this, as these cars will likely need repairs at the customer's expense. This information about "ValueMax" vehicles is clearly stated on the CarMax website as well as in the store. Secondly, it is your MOTHER's responsibility to handle this situation as SHE is the one who bought the car and the car is in HER name. You can go to the dealership as often as you like, call everyone you can think of, and do whatever else you want to do .... but they cannot legally do anything without your mother's consent.
Daniel
Marietta,#12UPDATE Employee
Sun, August 20, 2006
First off, we don't have "finance reps" so, that's a lie. Secondly, it is illegal. It is called a Straw Purchase. You cannot buy a car for someone and let them be the primary driver unless they are on the title of the car. NO FINANCE COMPANY WOULD ALLOW THIS! Lastly, try buying a Ford under 60K miles next time as Fords are not the most reliable vehicle. You could have gotten a Toyota with more miles for the same price and not of had a problem. Also, no other car dealership in the WORLD would allow you to return a car AT ALL. CarMax is the ONLY place!