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Can I get financed through CarMax even with bad credit?

"Will CarMax give me financing even if my credit score is 550?"

Eric Schad · Updated on Jul 4, 2022

Reviewed by Shannon Martin, Licensed Insurance Agent.

“CarMax works with many customers regardless of

, and they’ve been known to work with people who have bad credit.

Keep in mind that other factors may impact your approval, such as:

your debt

your income

the age of the vehicle you’re applying for

your

If CarMax can’t approve you, they also partner with lenders such as Ally, Capital One, Wells Fargo, and Chase to get the financing you need.

You should also shop around for rates at banks and credit unions on your own to make sure you get the best rate, and so you have a basic idea of what your interest rate might be.”

MORE:

What to Look for When Buying a Used Car

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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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