: (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: will carmax buy a financed car
: For differences under $250, personal checks are accepted. For larger amounts, you can use cashier’s checks, certified funds, or debit cards. : (Offer is higher than what you owe)
: (You owe more than the offer) You must pay CarMax the difference at the time of the sale. : (You owe more than the offer) You
: 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