Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Urgent question about buying a car from Car Max

Rerun · 07-26-2012, 02:05 PM

A fellow employee here at work went to CarMax Tuesday evening looking for a car. He found a car that they wanted $14,000 for and he signed some kind of paperwork (don't know exactly what and he doesn't either)

Yesterday they were doing an employment check on him as he was buying it on credit (he has bad credit).

Yesterday he changed his mind and decided he just couldn't afford the payments so he doesn't want the car.

He hasn't taken possession of the vehicle and the only paperwork he signed was the paperwork at his initial visit.

CarMax says he can't back out of the deal. Is this true?

I have personally never dealt with a company like this so I don't know what he actually signed... I have only dealt with dealers where nothing is finalized until the second visit where you go in and sign all the final paperwork and loan agreement.

07-26-2012, 02:05 PM	#1
Rerun Often Thinks About Pickles Join Date: Jan 2007 Location: Okotoks Exp:	Urgent question about buying a car from Car Max A fellow employee here at work went to CarMax Tuesday evening looking for a car. He found a car that they wanted $14,000 for and he signed some kind of paperwork (don't know exactly what and he doesn't either) Yesterday they were doing an employment check on him as he was buying it on credit (he has bad credit). Yesterday he changed his mind and decided he just couldn't afford the payments so he doesn't want the car. He hasn't taken possession of the vehicle and the only paperwork he signed was the paperwork at his initial visit. CarMax says he can't back out of the deal. Is this true? I have personally never dealt with a company like this so I don't know what he actually signed... I have only dealt with dealers where nothing is finalized until the second visit where you go in and sign all the final paperwork and loan agreement.