A family relaxing on a couch, excited about their financing results
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.
Get pre-qualified
It won't impact your credit score.
One stop, multiple financing sources
Our finance sources accommodate a wide range of customers, including first-time buyers.
Financing as simple as our car prices
Just like our car prices, our financing terms are no pressure and hassle-free.
No surprises, no regrets
Get pre-qualified to get an idea of what you can spend on a used car. If you find other financing after you buy, use our 3-day payoff program.
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.
Get pre-qualified
It won't impact your credit score.