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

: (You owe more than the offer) You must pay CarMax the difference at the time of the sale.

: 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

: Name and contact details for your lienholder.

: 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?

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

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Will Carmax Buy A Financed Car Official

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

: (You owe more than the offer) You must pay CarMax the difference at the time of the sale. will carmax buy a financed car

: 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 When you sell a financed vehicle to CarMax,

: Name and contact details for your lienholder. : A valid driver's license and proof of insurance

: 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?

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