Five Obscure Unicorns for $10-$24k……. or Beauty Is In The Eye Of The Beholder?

Writing this post for my new friends at the Facebook page “Obscure Cars For Sale 2.0” who think like me.  There are unusual cars out there that somebody loves.  Here’s my first five CarMax “unicorns” aka Obscure Cars for Sale.  I hope you enjoy them.

2006 Ford Mustang GT 7k $18599 Cincy
How do you drive this car only 600 miles a year?

The only think obscure about this 2006 Mustang GT is the crazy low miles – 7,000!  It’s brand new inside and out, and priced the same as a Honda Civic and way more fun. Throw in a MaxCare warranty for about $2,000 and you can drive this car until 2023 – when it’s 17 years old – and another 143,000 miles without a repair bill.  It’s a 300hp V-8 in Cincinnati.  Love it. Here’s the link to the CarMax ad.  If it’s dead the car is either sold, on hold, or in transit to another dealer.  I’ll keep tracking it.

2008 VW Eos VR6 $12,998 58k
Do NOT call this a chick car!

 

 

It’s cute as a button, German, cheap, and has a convertible hard top.  But this little guy has the underappreciated VW-Audi 3.2 liter six-cylinder pumping out 250 hp.  It also has a DSG transmission.  What’s that you ask?  It’s a Direct Shift Gearbox, an electronically controlled dual clutch automatic designed by Porsche that snap shifts stupid fast.

This is a sleeper version of a Golf-R32.  Find this one-owner VW in Naperville, Ill and the CarMax page here.

Continue reading “Five Obscure Unicorns for $10-$24k……. or Beauty Is In The Eye Of The Beholder?”

Be Careful What You Ask For – Surprise V10 Unicorns

One of my CarMax boilerplate searches I saved is for any V10’s that surface.  I get alerts occasionally for BMW M5’s and M6’s, but no longer Audi S6’s.  Not sure why CarMax no longer carries them but one can hope.  Today I got alerts for a pair of ten-year old V10’s.   Both are bargains.  One is for a ten-year old, 9,000 mile vehicle for $18,998.   Sounded like a bargain.  Maybe it is.  The second is a little more pricey at $28,998 with 45,000 miles.  Here you go.

 

 

The $577 Million Car Loan and Other Fascinating CarMax “Analytics”

Small 73000
The total cars on the lot around noon, November 18th 2017.  The numbers fluctuated by hundreds between the beginning and completion of this blog, rendering all my calculations estimates.

The CarMax nationwide inventory jumped from just over 40,000 cars in the summer of 2017 to over 73,000 today.  That’s the highest it’s been since I started tracking CarMax unicorns a year ago and it got me pondering on all things cosmic CarMax.  For example, that 33,000 plus-up in stock equals a staggering $577 million* investment in cars in just a few months.  I’m thinking like you and me, CarMax didn’t pay cash and owed somebody a helluva lot of money.  You think they get dealer financing? I’m thinking CarMax needs to move some cars and hoping there are more unicorns and lower prices!

*The average CarMax vehicle sells for $19,677 with a gross profit of $2,178, indicating a rough guess each car costing CarMax $17,489.  See “CarMax Reports Second Quarter Results, September 22, 2017″.

So I decided to do my own homemade “analytics” and dive deeper on what makes up an inventory of 73,000 cars.  CarMax knows what they’re doing, and I suspect their inventory largely reflects what America wants in a car.  So here’s what I learned. Continue reading “The $577 Million Car Loan and Other Fascinating CarMax “Analytics””

Fooled Me Twice….500 Mile Journey to See a Jaguar That Won’t Start…and I Hate.

RaleighWith every car I don’t buy I get smarter on this whole process.  Or maybe dumber.  Eventually I’m going to score a Porsche for the price of a Pinto, or I’ll give up and buy a minivan.  Writing from a hotel room north of Raleigh, where I went to see this 2011 Jaguar XK. Not an XKR, but at $26,998 and only 34,000 miles I thought it might be the bucket list Jaguar for me without spending too much.  I had set aside my pursuit of the Mercedes S600 (for now), thinking I can always buy a big sedan, but my knees and back are suggesting time is short for a sports car.

 

IMG_5988 (1)I thought the Jaguar looked vaguely familiar, a lot like the one I saw briefly in Baltimore last summer and was aghast at the pock-marked front fascia and more than a few touch up paint blemishes on the driver side.  It was an XK that looked like it was half-way through puberty.  But I never made an appointment to see it in Baltimore, just stopped by and eye-balled it, and couldn’t find the original ad.  So I asked the young sales rep in Raleigh if this could be the same car.  He sent me photos, and sure enough, the front end was clean and I hatched a plan to go see it. Continue reading “Fooled Me Twice….500 Mile Journey to See a Jaguar That Won’t Start…and I Hate.”

I May Be Nuts – Passing on a $31,000 S600 V12 Unicorn

2009 s600 $30,998 50K

This car surfaced on 10/27 and within the hour I had it on hold.  At my local CarMax no less.  Saw it and loved it.  Flawless, with “Designo” interior.  Every feature you could ever want.  Night vision.  Distronic.  V12.  0-60 in 4.5 seconds.   Has all three levels of options.  One owner.  Was over $150,000 new and selling for $30,998.  The MaxCare warranty is below.  It’s also reasonable.  Could be out the door for $40,000.   BUT I decided it’s huge (it’s long wheel base model) and too much like Guenther, the S55 I sold.  So back in the market for a sports car.  But if nobody buys this by Monday maybe………

IMG_5270

Five Quick Hits! BMW 650, CTS V, MX-5, Shelby, and a Corvette.

2006 Miata $13599 34k
Not sure if I’m most surprised by the price or the stupid low miles.  Yes it’s an automatic, but cute and cheap.

The CarMax Link – 2006 Miata

2007 CTS V Sedeqn $25,998 27k
This is a rare one!  Ten year old 400hp CTS V Sedan with driven less than $2,700 miles yearly.

The CarMax Link – 2007 CTS V

2008 Mustang Shelby GT500 $27,998 47k
A 500hp beast for under $28,000!  Mileage is still low at 6,000 yearly.

The CarMax Link – 2008 Shelby GT500

2008 Corvette $28,998 9k
9,000 Miles? Why don’t these people drive their cars????!!!!

The CarMax Link – 2008 Corvette

2007 BMW 650 CiC $18,998 39k
Less than $20,000 for a BMW 650.  Horsepower a little low for me but a helluva lot of fun for the price and low miles.

The CarMax Link – 2007 BMW 650 CiC

BMW Unicorns – $24,000 M6’s, $30,000 750’s, and Other Highs and Lows from Munich.

2007 M6I just passed on the $23,998 2007 M6  above with 44,000 miles and wondering if I blew it.  Not often you get a chance at a unicorn  like this.  Even with a $6,400 MaxCare warranty to cover me for five years and up to 100,000 miles, this was a good deal.  But even though the V10 revving to 8,000 rpm made me silly, the suspension beat the hell our of me much as the M5 did on a test drive last year, so I opted out for my daily commuter.  Mistake?  I don’t know.  It vanished from the internet within minutes of me releasing my hold.  I documented the car when it was in NJ before it moved to VA, and you can only see the price from my appointment confirmation. 9/22/2017 Update – I just passed on this car a second time.  It resurfaced in Maple Shade, NJ and I went and drove it.  Fantastic car – no blemishes.  Finally learned to soften the suspension and I think I could get used to the double-clutching automatic.  Sales rep showed me the CarFax – car spent its life in Georgia for the most part and bizarrely, its last 16 months in my town in Virginia.  Intrigued.  BUT…while it has Bluetooth it’s voice only – no music, and virtually no modern infotainment.  Picky, but I passed.  Would have been $31,000 out the door with five-year warranty.   Sigh.  

2007 M6 $24,998 52k

Take comfort, as of this writing the convertible M6 at left was still available!

So check out these other BMW’s available below for cheap on CarMax.  I picked the highest and lowest priced of about a half-dozen or more enthusiast cars and I could own almost any one of them as a daily driver!

 

Let’s start with almost everybody’s favorite sports coupe, the M3.  CarMax has 29 of them on the lot as of early September 2017, some as low as $26,998 but stupid high mileage, and a 2017 for $66,000 (and a Frozen Limited Edition for $47k – what the hell is that?).  But in our unicorn world of $35,000 or less and 60,000 miles or less Continue reading “BMW Unicorns – $24,000 M6’s, $30,000 750’s, and Other Highs and Lows from Munich.”

Mercedes Unicorns – Twins and Triplets From $20,000 – Part I – Three E-Class Sedans (W211)

Too many Mercedes unicorns to cover in one post so let’s start with three E-class units on the lot as of late August 2017.   Focusing on the 2007-2009 E550 and E63 because they are affordable and few.  There are countless 2010-2011’s out there with the newer body but no more horsepower.  The 2012 and above E-class cars have the higher horsepower (402 vs 382) with far more amenities and are starting to become available in unicorn territory ($35,000 or less with 60,000 miles or less).

2007 E550 $20,998 23kAt the low end is this 2007 E550 with only 23,000 miles in Florida.  Something about the softer lines of the W211 that appeal to me.   Adjustable suspension, heated and air conditioned seats, but no Bluetooth or rear view camera.  Add a 100,000 mile warranty and you’ve got the basics of a daily driver for years to come and at $20,998 seems cheap.   Surprised it has lasted a week on the lot.

Continue reading “Mercedes Unicorns – Twins and Triplets From $20,000 – Part I – Three E-Class Sedans (W211)”

Mercedes Unicorns Part II – A Pair of Cute CLK550’s from $15,000! (W209)

The CLK-Class coupe predated the E-Class coupe and with a 382hp V8 the mid-sized 3,700 pounds can clip five second 0-60 times.  It was once a $55,000 car and can be had for $15-20,000 plus the MaxCare warranty for years of enthusiastic driving.  Described as a luxury car, although the 2007 models had no Bluetooth or similar modern amenities – a quick trip to Best Buy can fix that for a hundred dollars.  I think these cars are bargains.  Let’s look at a couple.  Contemporary Review – 2007 CLK550

2007 CLK550 $14,998 55kThis Oregon car is still on the lot as of late August 2017.  I can’t find anything visually wrong although with 55,000 miles it’s at the high end for a unicorn.  I have the luxury of a free long term temporary car while I search for my next unicorn.  If I didn’t have that I’d buy this as a stopgap daily driver until I found something more special.  Also a great car for a college kid – with MaxCare no repairs.

Continue reading “Mercedes Unicorns Part II – A Pair of Cute CLK550’s from $15,000! (W209)”