If you are getting a salary in cash, CarMax may be a good option for you. CarMax is a car dealership that offers financing through its own company. This means that you don’t need to go through a bank or other financing source. They also offer a good selection of cars and reasonable prices.
CarMax allows customers to purchase cars with cash. This means that you don’t have to worry about high-interest rates and other financial penalties associated with traditional loans.
You can also avoid the hassles of paperwork and waiting periods. Just bring your proof of income and a valid driver’s license to CarMax’s dealership.
What finance companies does CarMax work with?
Almost eight out of every 10 CarMax customers purchase using our financing sources. Finance offers are typically based on these factors:
- The vehicle you want to buy (its cost, age, and mileage)
- Your application information (your employment, residence, and income information)
- Your credit history (the information included in your credit file)
- Your down payment (the total amount of cash and trade value)
In addition to CarMax Auto Finance, our financing sources include Ally® Financial, Capital One Auto Finance®, Wells Fargo Dealer Services, and others.
We’re confident about the competitiveness of our financing offers — but you’re still welcome to replace ours with an offer from another finance source within three days of your purchase, at no cost.
Can I finance through my bank or credit union?
Yes, you can bring your own financing — you can visit CarMax with a pre-approval product, or we can provide you with a buyer’s order, plus the exact amount of financing you need to bring back to pay for your vehicle, including taxes and fees.
And, if you do finance with CarMax, you’ve got three business days to replace your financing with alternative financing at no cost.
How does financing at CarMax work?
When you borrow money to buy a car or truck at CarMax, it’s different from the way car loans work at traditional car dealerships. That’s because we aim to give every customer an honest, straightforward, and haggle-free experience.
Our financing gives you choices, and puts you in the driver’s seat! You can bring your own financing when you visit us, too.
Requesting financing terms on a Dodge Charger, Acura MDX, Mercedes SUV, or any other vehicle we sell is easy — just click on the link found on that vehicle’s Car Page and speak with a sales consultant about available financing options.
You may like to read about the Carmaxautofinance.com login
Does CarMax offer auto financing?
Yes, and financing at CarMax is a quick and transparent process. Let’s say you’ve narrowed your search to a used Toyota Tacoma and a Jeep Wrangler.
Now, how to pay for your final choice? Maybe you’ve got the cash in hand; if not, you can borrow the money to make your purchase.
Nearly 8 of every 10 CarMax customers finance their purchases through our sources, who can deliver offers within minutes of your submitting an application. Read more articles on daily rewards.