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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?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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.”View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
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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