Car financing, explained

This article explains the difference between direct car loans and dealer-arranged car financing. At CarMax, we present financing terms in a way that makes sense to you, through a transparent, hassle-free process.

Ready to upgrade your car or truck? These budgeting tips can really help boost your chances of getting the vehicle you want.

This article addresses some of the main concerns of the first-time car buyer. Find answers here to your first-time buyer questions about used car loans, financing a car, understanding credit ratings, and budget tips.

In this latest installment of our educational series about auto financing, we answer some of our customers’ most-asked questions about how to finance a used car purchase.

Lots of people who come to CarMax for a used car or truck want to finance their purchase. It’s a common process, and we help these customers every day. But just how does the used car financing process work? In this article, we pull back the curtain on auto financing and explain it all, step by step. We think you’ll see that financing a used vehicle doesn’t have to be a daunting proposition.

Buying a used car or truck is more stress-free when you understand how financing works. Learning about down payments is a great place to start.

Arming yourself with knowledge about the car buying process helps ensure you won’t feel intimidated when it’s time to make your purchase. And when you know how much you have to spend, you’ve got sturdy guardrails to help you stay on track.