Since it has been in business for more than 20 years, CarMax AutoFinance has assisted more than a million customers with their vehicle financing needs. It originally aimed to offer more effective ways to locate and purchase used cars. Now, CarMax focuses on used-car financing and provides fair rates and terms. Integrity has been the foundation upon which they have built their reputation over the years, both in terms of how they conduct business and how they treat their customers. It is a Fortune 500 organization and has been honored to be included in FORTUNE’s list of the “100 Best Companies to Work For” since 2005.
CarMax make bill payment easy by offering several payment options. It will take 1-2 business days for all changes to appear on your account.
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CarMax Auto Finance
To manage your account and make payments online , you’ll first need to setup a MyCarMax account. NOTE: this will include an email verification step. The email …
Online Payments | CarMax
Secure. Thanks for your payment ! An associate will be with you shortly to sign your final paperwork. We hope you your new car!
Can I pay my CarMax payment online?
Create a MyCarMax account first in order to manage your account and make payments online. NOTE: this will include an email verification step. The delivery of the email could take up to an hour.
How do you pay CarMax?
We accept cash, credit (Visa, MasterCard, Discover, American Express), and checks as forms of payment. A CarMax associate will assist with the payment arrangements.
Will CarMax forgive a late payment?
Allow 1-2 business days for the payment to be processed and credited to your account if we receive a payment close to the end of the grace period. If a late fee is incurred in this situation, it will be automatically eliminated once we process and credit your payment.
Is there a penalty for paying off CarMax loan early?
There’s no penalty for prepayment. For the used cars it sells, CarMax, as one example, provides simple-interest auto financing. However, many dealers employ financing that follows the rule of 78s, also referred to as the sum-of-the-digits method.