Carmax Credit Requirements

Please provide your name phone number and the last 4 digits of your carmax auto finance account number to expedite the identification of your account and the processing of your request.

Carmax credit requirements. Our finance sources accommodate most credit profiles and every carmax customer can expect the same no haggle pricing and exceptional customer service. Yes you can bring your own financing you can visit carmax with a pre approval product or we can provide you with a buyer s order plus the exact amount of financing you need to bring. Representatives for carmax confirm that it conducts credit checks but were unable to tell us which of the credit bureaus it may pull from equifax experian and or transunion. In addition it means a car has passed our 125 point inspection and undergone a detailed reconditioning process.

Can i use a co buyer. Most of those approved for a vehicle through carmax have credit scores of at least 650 or higher. Carmax requires a credit check during its financing application process. Can i finance through my bank or credit union.

You can add a co buyer to your pre approval application or finance application. It is recommended though that your credit score be 700 or higher for better chances of approval. It is recommended though that your credit score be 700 or higher for better chances of approval in addition to your credit score they also take a look at your credit history having negative judgments charge offs other lines of credit that are in bad standing or have recently filed for. Mail your military orders to.

Hello most of those approved for a vehicle through carmax have credit scores of at least 650 or higher. If you d like to learn more about credit scores check out our article about understanding credit ratings. Box 440609 kennesaw ga 30160. While carmax doesn t specifically list minimum credit approval requirements carmax says its financing sources accommodate most credit profiles.

There are different requirements for each lender but there are some general things that they all have in common. Every car we sell is carmax certified which means no flood or frame damage and no salvage history. For work done at a repairpal certified shop the minimum 12 month 12 000 mile warranty is provided by the shop and carmax is not responsible for the warranty repair guarantee or any charges or costs pertaining to the repair of your vehicle. Carmax determines your eligibility by evaluating factors that include your application information credit history the vehicle you want to buy its age mileage and price and your down payment amount.