Get financing results without impacting your credit
Personalized results in minutes
Most customers can get pre-qualification results in less than 5 minutes, and it doesn't impact your credit score. Here's how you can get started:
It’s easy to get pre-qualified no matter where you are on your shopping journey. Just getting started? Get pre-qualified here to understand what you can afford. If you've already found your perfect car, you can get a pre-qualification decision on that car.
Enter your preferred down payment and get your pre-qualification terms from our finance sources in minutes. You can include a co-buyer in your request, which may help you receive more favorable terms.
See personalized terms on vehicles when you get pre-qualified, including the monthly payment and APR. You can adjust filters like your down payment to see how it impacts your terms.
It won't impact your credit score.
Financing FAQs
Yes. We offer financing through several finance sources, including CarMax Auto Finance, a division of CarMax. Most of our customers’ financing decisions are available in 5 minutes or less.
No. For pre-qualification, CarMax’s finance sources use soft inquiries, which have no impact on your credit score. Pre-qualification allows you to shop for a car with your personalized financing terms. Once you’re ready to buy, you’ll have to submit a credit application to get specific offer terms. This credit application will be a hard inquiry, which may impact your credit score.
Our finance sources accommodate most credit profiles, and every CarMax customer can expect the same no-haggle pricing and exceptional customer service.
Our finance sources accommodate most credit profiles, and every CarMax customer can expect the same no-haggle pricing and exceptional customer service.
Yes, you can add a co-buyer to your pre-qualification request or finance application. A co-buyer may help you receive more favorable terms. Keep in mind our finance sources will also review your co-buyer's information and credit history.
If you already have financing through your bank or an outside lender, you will need to provide a voucher, check or other proof of financing. We’ll help you with that process.
Absolutely. We offer a Three-Day Payoff Program that lets you replace your financing with another provider at no cost.
Typically, a pre-qualification results in a soft credit inquiry and won't impact your credit score, while a pre-approval results in a hard credit inquiry and may impact your credit score. CarMax's pre-qualification process uses a soft credit inquiry, so you can get pre-qualified with no impact to your credit and shop with your personalized finance terms. Once you're ready to buy, you'll have to submit a credit application to get final offer terms. That application will result in a hard inquiry, which may impact your credit score.
It won't impact your credit score.