Oooh, I can help. Cars are what I do for a living.
That price tvguy quoted that CarMax is trying to sell one for is a pipe dream. In good shape, it's worth $3000 at best.
CERTAINLY COULD BE DIFFERENT WHERE YOU ARE PRICE WISE. BUT THEY HAVE A NUMBER OF AVEOs ON THE LOT OF THAT AGE HERE, AND CARMAX IS NO HAGGLE ON PRICING. I SUSPECT PEOPLE HERE MUST BE WILLING TO PAY THAT IF THEY ARE ALL PRICED THAT WAY.
As to what to buy, contrary to opinion, there's nothing wrong at all with buying a used rental car. Enterprise and the like actually maintain the cars far better than the majority of private owners. Yes, renters often use them hard, but cars today in general are pretty tough. The only downside is they tend to use a lot of cars that aren't tops in their class...things like the Malibu, Focus, etc...
AGREE TO ABOVE 100%. I BOUGHT MY KIDS USED TAURUSes FROM HERTZ. MY SON'S WAS A 2006 WITH 25,000 MILES ON IT, ONE YEAR OLD, COST $9,995. HE REAR ENDED SOMEONE IN NOVEMBER, AND EVEN WITH 160,000 MILES ON IT AN IT BEING ALMOST 12 YEARS OLD, THE INSURANCE DID OFFER TO FIX IT DESPITE $6,000 IN DAMAGE BECAUSE IT WAS STILL IN SUCH GOOD CONDITION. DD's IS A 2007, PAID $9,500 FOR IT WITH 29,000 MILES. IT ONLY HAD 88,000 MILES ON IT AND STILL GOING STRONG. I AM HORRIFIED HOWEVER THAT THEY REPLACED IT WITH A USED 2014 FIAT 500E. ALL ELECTRIC, 70 MILE RANGE, BUT THIS CAR SOLD FOR $34,000 NEW (BEFORE TAX CREDITS) AND SOLD USED WITH 25,000 MILES FOR $8900. TALK ABOUT DEPRECIATION. AT LEAST HERE, ELECTRIC CARS AND HYBRIDS LOSE A LOT MORE VALUE THAN GAS OR DIESEL VEHICLES.
Generally speaking, if you're looking for a solid family type car on a budget, your best bet is Japanese or Korean nameplates. Honda and Toyota (though the last generation Camry was as lame as they come) really are the top of the Japanese class. Nissan, Subaru are decent, not great. Hyundai/Kia are also fabulous values, especially used. Go look for a 2 or 3 year old low mileage Elantra, Sonata, Forte, Optima. Fantastic value for your money and they last forever. Stay away from the European, specifically German and Italian. On a lower budget, that would mean VW and Fiat. Don't even consider them, they are both absolutely horrid when it comes to reliability.