CarMax has our own financing source and has selected third-party financial institutions that rank among the world's largest and most respected.
CarMax Auto Finance:
CarMax Auto Finance is part of CarMax and committed solely to the purpose of assisting our customers with their purchases. We provide a wide array of options designed specifically to help you meet your needs. At CarMax Auto Finance, we:
- Provide fast, on-line financing with competitive terms
- Have helped more than one million CarMax customers
- Have a portfolio of over $4 billion
We also have relationships with a number of third-party financing institutions to provide a broad range of auto financing options for a wide variety of different customers. Each is an industry leader in car financing, and provides financing offers tailored specifically to our customers. And because your information is often submitted to multiple financing sources, you could receive several financing options to choose from—and you choose the one that fits you best.
Our partner financing sources include:
Bank of America Dealer Services:
Bank of America Dealer Services is part of Bank of America, one of the largest financial institutions in the world. The company serves more than 59 million customers in the U.S. through a variety of banking, investing, and asset management services. Bank of America:
- Pioneered the concept of auto financing more than 70 years ago
- Is a source for competitive rates and flexible terms with award-winning online banking
Capital One Auto Finance:
Capital One Auto Finance is part of Capital One, a diversified bank offering a broad range of financial products and services. Capital One has over $150 billion in managed assets nationwide. Capital One:
- Is one of America's leading full spectrum auto finance sources
- Offers competitive, no-hassle financing to a wide range of consumers
CitiFinancial Auto:
CitiFinancial Auto is part of Citigroup, one of the world's largest financial institutions. Citigroup services 200 million customers in 100 countries and has over $2 trillion in managed assets globally. Citifinancial Auto:
- Is one of the nation's largest used car finance sources
- Serves a broad spectrum of customers with a wide array of options
Drive Financial Services:
Drive Financial Services is a Santander Consumer USA brand. Santander Consumer is part of Banco Santander, which operates in over 40 counties with more than 69 million customers and $1.3 trillion in managed assets. Drive Financial Services:
- Provides an extensive array of auto finance solutions, focused primarily on customers with past credit concerns
- Is built on the strength of a global partner, but offers the flexibility and customization necessary to service customers with specific needs
Santander Auto Finance:
Santander Auto Finance is the U.S. auto finance division of Banco Santander, which operates in over 40 counties with more than 69 million customers and $1.3 trillion in managed assets. Santander Auto Finance:
- Provides an extensive array of auto finance solutions, focused primarily on customers with past credit concerns
- Is built on the strength of a global partner, but offers the flexibility and customization necessary to service customers with specific needs
Wachovia Dealer Services:
Wachovia Dealer Services is part of Wachovia, the fourth largest financial services company in the country. Wachovia serves 15 million customers nationwide with over $800 billion in managed assets. They have been rated No. 1 in customer satisfaction for the past seven consecutive years on the University of Michigan's American Customer Satisfaction Index. Wachovia Dealer Services:
- Is one of the largest auto finance companies in the U.S. with a consumer auto portfolio of over $31 billion
- Is no. 1 in used vehicle financing nationally, serving a broad spectrum of customers with a wide array of options
General Motors Acceptance Corporation:
Founded in 1919, General Motors Acceptance Corporation was established to give GM dealers the financing necessary to acquire and maintain vehicle inventories and to provide customers a way to finance vehicle purchases. It has one of the world's largest automotive financing operations spanning approximately 40 countries. General Motors Acceptance Corporation:
- Has provided more than $1 trillion of financing for 150 million vehicle purchases around the world
- Has over $240 billion in managed assets
Nissan Motor Acceptance Corporation:
Nissan Motor Acceptance Corporation is the automotive financial services arm of Nissan North America. Its primary emphasis is to purchase retail and lease contracts from customers of Nissan dealers. The company offers financing for the complete line of Nissan vehicles sold in the U.S.
Toyota Financial Services:
Founded in 1983, Toyota Financial Services is a leading provider of automotive financial services, offering an extensive line of finance and lease vehicle service plans to Toyota customers and dealers in the U.S. Toyota Financial Services:
- Currently employs 3200 associates nationwide
- Has managed assets in excess of $65 billion