I was getting preapproved for a car I found at Car...

I was getting preapproved for a car I found at Carmax through my credit union when they told me the car was priced $3,500 more than the NADA value of the car. When I discussed this with my salesman his response was "well it's very hard to determine the fair market value of a car" and "well most banks will finance you for 125% of the fair market value" to which I replied "why in the world would I pay 25% MORE than the car is worth!!" A little searching revealed that this is their business model to sell all of their inventory above value and finance people for more than the car is worth!! Do not do business with Carmax!!! A little searching reveled a newer model with less mileage and more features being sold in Manassas!!!