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.

Here's what makes financing with us different:

  • IT'S QUICK - most decisions come back in minutes
  • IT'S TRANSPARENT - if approved, choose the available offer that suits you best
  • THERE ARE NO OBLIGATIONS - if you can find better financing elsewhere, you have three days to change it, penalty free
  • WE'RE HERE FOR YOU - our friendly associates can help
Contact Us About Financing

Our Financing Sources


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.

Ready to get started?

Schedule an appointment or contact your nearest store to get started.

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Learn more about financing.


Why Your Down Payment Matters

Buying a used car or truck is more stress-free when you understand how financing works.

About Down Payments

Your 10 Biggest Car Financing Questions, Answered

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

About Car Financing

How Auto Financing Works

You're ready to buy a used vehicle, and you want to finance your purchase. Read this first!

About the Financing Process


Q: How do I find out more about financing?


To begin the financing process online, first find the vehicle you are interested in purchasing. Then request financing information by clicking the link found on the vehicle's Car Page. Or you can get started by calling your nearest CarMax store.

Q: How can I find out more about my credit history?


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.

Q: I have had past credit problems, what can CarMax do for me?


Our finance sources can accommodate most credit profiles, and every CarMax customer will enjoy the same no-haggle pricing and exceptional customer service.

Q: Can I qualify for financing if this is my first vehicle purchase?


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.

Q: How much should I budget for my car payment?


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.

Q: What factors impact monthly payment?


The factors that impact monthly payments include the down payment, amount financed, term, and APR. Learn more here.

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