Our mission has always been to make buying a used car easy, and we feel the same about financing. We'll do our best to make the process as easy and painless as possible.
We work with leading financial institutions to give our customers competitive options.
Our sales consultants are ready to answer your questions and help you through the process.
We're serious about helping you find the right solution.
This is kind of a big deal, as you'll probably own your car for at least a few years.
Know your budget and down payment? Great. This should only take a few minutes.
Finance with CarMax, if approved, or go with your own finance source. The choice is yours.
In addition to CarMax Auto Finance, we have relationships with a number of leading third-party financing institutions.
These relationships make finding your best option easier than ever.
Use our payment calculator to estimate possible monthly payments, see how different credit profiles could affect APRs, and use our sliders to try out different down payments and term lengths.Try Our Car Payment Calculator
There are three major credit reporting agencies in the United States. Each one can provide you with a copy of your credit report, including your credit score. Learn more here.
Our finance sources can accommodate most credit profiles, and every CarMax customer will enjoy the same no-haggle pricing and exceptional customer service.
Many customers qualify for financing without a prior vehicle purchase. The finance companies CarMax works with will consider your credit history and application information to make a credit decision.
Please contact a CarMax sales consultant for more information.
Most financial institutions recommend that you spend no more than 15% of your gross monthly income on your car payment. If you make $2,000 a month you should spend no more than $300 on your car payment. Want to see what you can afford? Use our Payment Calculator to estimate.
The factors that impact monthly payments include the down payment, amount financed, term, and APR. Learn more here.