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Does Carmax accept credit cards?
I’ve been considering using Carmax to buy my new car, but I always prefer to use my credit card for large purchases and I’m not sure if that’s an option. Does Carmax accept credit cards?
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Yes, Carmax accepts most major credit cards as a payment method! You can pay via Visa, MasterCard, Discover, or American Express when you use Carmax. They also accept checks and cash as payment methods.
However, purchasing a car with a credit card is rarely a good idea. While using a credit card for associated fees and costs might be a good option for you, credit cards often come with much higher interest rates than car loans do. As such, it’s usually a better financial option to purchase a car via
a car loan
.When you do buy your car, you’ll also need car insurance. The
Jerry
app can find you the best rates available in under a minute! Download the app and answer some quick questions to see quotes customized for you.All the best with buying your new car!
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