Is CarMax a good place to get financing for a car?

I have my eye on a car at CarMax because of its low mileage and good price. Should I also go through them for financing? I've heard both the good and bad. Is CarMax a good place to get a car loan?

Answer
CarMax is probably one of the better dealers to get a car loan with. They have their own in-house finance department, CarMax Auto Finance, as well as relationships with other lenders like Capital One, Ally, Chase, and more.
They also allow preapproval, so you can put together a budget before purchasing.
However, you shouldn’t automatically go with CarMax. Just like car insurance, it’s important to comparison shop.
While you’ll still want to apply for preapproval with CarMax, you can compare their offer with other lenders.
Don’t forget that when you buy a new vehicle, you will need proper coverage. If you haven’t already found insurance, use the free Jerry app to help you find the best deal. Jerry compares rates from the top 50 companies in under a minute, delivering the best deals to your phone.”
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Eric Schad
Answered on Aug 02, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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