CarMax Launches New On-line Pre

RICHMOND, VA, Jan. 17, 2023 (GLOBE NEWSWIRE) — CarMax, Inc. (: KMX), the nation’s largest retailer of used vehicles, proclaims the nationwide launch of its pre-qualification functionality – a brand new on-line financing expertise that empowers prospects with the flexibility to buy CarMax autos nationwide with personalised financing phrases, with no influence to their credit score rating. Pre-qualified prospects will know their phrases on autos throughout CarMax’s stock inside minutes, together with month-to-month fee and APR.

Within the present financial setting, inflation and rising rates of interest proceed to be prime of thoughts for a lot of shoppers. With CarMax’s pre-qualification functionality, used automobile consumers can know what they’ll afford from the start of their journey and really feel assured they’re on monitor to seek out the fitting automobile that matches each their wants and finances.

The expertise is offered on and the CarMax cell app. As soon as pre-qualified, prospects can use their pre-qualification to buy on with their personalised finance phrases, adjusting filters like down fee to see the way it impacts their phrases, or filter to point out solely autos that meet their personalised month-to-month fee finances.

“We proceed to raise the used automobile shopping for expertise by constructing instruments that assist enhance the automobile procuring and financing course of and make it simpler and extra environment friendly for our prospects,” stated Invoice Nash, CEO of CarMax. “Our industry-leading on-line finance expertise and new pre-qualification functionality, that leverages a number of lenders, saves prospects time and offers an added layer of confidence of their journey to seek out their good car that matches each their way of life and finances.”

CarMax’s new pre-qualification functionality has the next options and advantages for purchasers:

  • Pre-qualification choices come immediately from a number of lenders and are personalised for every buyer primarily based on their credit score profile, with roughly 95% of consumers receiving approvals
  • The method is quick and handy, with most prospects getting ends in minutes throughout CarMax’s complete nationwide stock
  • Save time and search effectively with budgeting solutions upfront and the flexibility to type and filter autos utilizing personalised month-to-month fee and down fee choices
  • Tender credit score inquiry with no influence to credit score rating

The brand new pre-qualification functionality can be built-in with CarMax’s “Evaluate Function,” which permits prospects to see their month-to-month fee alongside totally different automobile options of their favourite autos for which they’re pre-qualified. Prospects have entry to personalised outcomes to see how every of their prime car selections suits each their finances and magnificence.

CarMax has redefined and remodeled the used automobile shopping for expertise by placing the client on the heart. CarMax empowers prospects to purchase a automobile on their phrases – on-line, in-store, or a seamless mixture of each. The corporate presents on-line automobile shopping for, in addition to on-line prompt presents to purchase your automobile. Be taught extra about these choices and any related limitations at

About CarMax

CarMax, the nation’s largest retailer of used autos, revolutionized the automotive retail {industry} by driving integrity, honesty and transparency in each interplay. The corporate presents a really personalised expertise with the choice for purchasers to do as a lot or as little, on-line and in-store as they need. CarMax additionally offers a wide range of car supply strategies, together with residence supply, categorical pickup and appointments in its shops. Through the fiscal yr that ended on February 28, 2022, CarMax offered roughly 924,000 used autos and 706,000 wholesale autos at its auctions. As well as, CarMax Auto Finance originated greater than $9 billion in receivables throughout fiscal 2022, including to its almost $16 billion portfolio. CarMax has greater than 230 shops, greater than 30,000 associates and is proud to have been acknowledged for 18 consecutive years as one of many Fortune 100 Finest Corporations to Work For®. CarMax is dedicated to creating a constructive influence on folks, communities and the setting. Be taught extra within the 2022 Duty Report. For extra info, go to

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