In addition to CarMax Auto Finance, we work with leading institutions such as Ally Financial, Capital One Auto Finance®, Wells Fargo Dealer Services, and others. These relationships help ensure a broad variety of financing options for our customers.2017-06-22
How long does CarMax take to repossess?
How long does CarMax take to repossess my car? Repossession law varies slightly from state to state and range from 3 to 5 months after you stopped making payments on your CarMax loan.
Does CarMax have prepayment penalties?
You pay interest based on the outstanding monthly loan balance with a simple-interest loan. There's no penalty for prepayment. CarMax, as one example, offers simple-interest auto financing for the used vehicles it sells.2021-10-05
Where do I send my CarMax payoff to?
New monthly payment address: All CarMax Auto Finance customers should send payments to: CarMax Auto Finance. P.O. Box 6045. Carol Stream, IL, 60197-6045.
How do I pay CarMax?
For payment, we accept cash, credit (Visa, MasterCard, Discover, American Express), or check. A CarMax associate will assist with the payment arrangements. I want a car from another location and there's a shipping fee.
What bank does CarMax Auto Finance use?
In addition to CarMax Auto Finance, we work with leading institutions such as Ally Financial, Capital One Auto Finance®, Wells Fargo Dealer Services, and others. These relationships help ensure a broad variety of financing options for our customers.2017-06-22