Will Carmax Buy A Financed Car Today

: (Offer is higher than what you owe) CarMax pays off your loan and gives you a bank draft for the difference the same day.

When you sell a financed vehicle to CarMax, they appraise the car and compare that offer to your loan payoff amount:

: Name and contact details for your lienholder. will carmax buy a financed car

: A valid driver's license and proof of insurance. Important Considerations What if I owe more on my car than the amount of your offer?

, even if you still owe money to a lender . They will coordinate directly with your lienholder to pay off the remaining balance. How the Process Works : (Offer is higher than what you owe)

: Your loan account number and the Social Security number(s) of the person(s) on the loan.

: If you are buying another car from CarMax , you may be able to roll that negative equity into your new financing, subject to approval. What You Need to Bring Important Considerations What if I owe more on

: For differences under $250, personal checks are accepted. For larger amounts, you can use cashier’s checks, certified funds, or debit cards.