Don't like your terms? You've got options.
Getting pre-qualified helps you shop.
- Increase your down payment: Even if it's by a few hundred dollars, you'll lower your monthly payment, and it may lower your APR.
- Consider a newer car, with lower miles: When you're financing a used car, newer models with lower miles can help you secure a better offer.
- Choose a less expensive vehicle: If you have your heart set on a specific make or model, our nationwide inventory gives you access to similar options at every budget.
The budget calculator on CarMax.com gives you a general estimate of potential credit terms based on the credit rating you selected. Your pre-qualification terms, however, are based on our finance source's evaluation of the personal information you provided (including your income), your credit report information, and any vehicle you selected.
We offer a 3-Day Payoff Program that lets you replace your CarMax financing with whatever financial institution you choose—at no cost. You can also bring your own financing to buy any car we sell. We'll help make that easy.
Absolutely! We accept most financial institutions and can walk you through the process. We also offer a 3-Day Payoff Program that lets you switch your financing with CarMax, even after you buy—at no cost to you.
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.
Most 0% APR offers only apply to financing a new vehicle using the manufacturer's finance company— and not toward used vehicles. These terms can also come with a catch, like shorter terms, choosing between the finance offer and a cash rebate on the vehicle, or a specific credit rating to qualify. We keep our financing as simple as our car prices, by removing hidden fees or games from the process. You'll see our best offer up front without any hassle, so you can decide on the right option for you.
Your down payment is an important factor in our finance sources' review of your pre-qualification request. At CarMax, if a higher down payment doesn't work for you—you've always got options.
- Choose a less expensive vehicle: If you have your heart set on a specific make or model, our nationwide inventory gives you access to similar options at every budget.
- Consider a newer car, with lower miles: When you're financing a used car, newer models with lower miles can help you secure a better offer.
- Consider adding a co-buyer: 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.