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Fees
Delivery fees and late fees may vary
The Annual Percentage Ratio (APR) is a regular annual rate
Starting at 4.00%
Fees
Delivery fees and late fees may vary
The Annual Percentage Ratio (APR) is a regular annual rate
From 4.00%
More details
APR (Annual Percentage Rate):
Starting at 4.00%
Fees
Delivery fees and late fees may vary
Pros & Cons
Highlights
CarMax auto loans: pros and cons
Insider’s Featured Loans for Autos
CarMax is ideal for borrowers who wish to buy a car online. You can order a car online, finance it and have it delivered to your door.
However, if you don’t want a used car, CarMax isn’t the right choice for you — it doesn’t offer new cars, refinancing, or lease buyouts. CarMax is unable to provide loans for borrowers living in nine states.
CarMax auto loan comparison
CarMax comparison
Editor’s Rating
APR (Annual Percentage Rate):
Starting at 4.00%
Editor’s Rating
APR (Annual Percentage Rate):
APR 3.90% to 27,90%
Editor’s Rating
APR (Annual Percentage Rate):
Starts at 3.50% APR
ChaseThere is an unspecified minimum credit score required to apply. CarvanaCarMax does not have a minimum score. Carvana and CarMax may still consider you even if your score doesn’t exceed the minimum.
Chase can’t refinance your lease or buy out your lease. You’re limited to Carvana or CarMax for used cars.
See our ratings methodology for auto loans »
Questions frequently asked
CarMax offers the following: A+ GradeThe Better Business Bureau, an independent nonprofit focused on consumer protection. The BBB assesses businesses by looking at how they respond to consumer complaints, honesty and transparency regarding business practices.
CarMax is not involved in any recent controversies. CarMax has a great BBB rating and a clean history. You might feel confident buying a car from them.
CarMax is more accessible to those with poor credit than other lenders, so it may be easier for them to approve a loan. However, borrowers with higher credit scores are more likely to be approved for financing.
CarMax offers financing through many avenues, including CarMax Auto Finance. This captive lender, also known as an In-House Lender, allows you to finance your car. Some third-party lenders are also available to CarMax, such as Ally, Chase?, and Wells Fargo.