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.
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.
Buying a used car or truck is more stress-free when you understand how financing works.About Down Payments
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
You're ready to buy a used vehicle, and you want to finance your purchase. Read this first!About the Financing Process
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.