How to Finance A Car Using Carmax

Trying to finance a car in today's economy can be tough. Purchasing a car and financing it through Carmax can certainly help simplify the process.

Carmax uses a "no-haggle" process of purchasing a car and provides many options for loans from many respected financial institutions.

The entire process is quick and easy. By following the steps below, you can be well on your way to driving your new car.

Instructions

1

First, take your time and research cars online.

If you already know what you are looking for then great, but Carmax online offers many search options and criteria to help you out.

2

Once you know of a few vehicles you would consider purchasing, go in and test drive the cars at the nearest location.

You want to go in to the store with an open mind so it is a good idea to test drive a few different cars.

3

Next, finalize your decision by weighing the different prices of the cars.

4

After you have selected your vehicle, simply fill out your finance application.

If you are considering taking out a loan for the car, the application will ask for down payment information as well as a few other questions regarding your personal finance. The application should only take a few minutes to complete.

5

Next, review the possible offers with your salesman.

Depending on your credit history, you should see multiple offers coming in with different loans. Carmax uses many financial companies such as:

- Bank of America
- Capital One
- Citi Financial

You will want to select one that you feel comfortable with.

6

Finally, complete the necessary paperwork and you will be on your way to driving your new car.

The overall process of filling out paperwork is not as bad as you may think. The associates there are very helpful and the process will usually move quite promptly.