Can I sell my car to CarMax even if still owe?

CarMax Buying Centers (located in a few states) accept cashier’s or certified checks and certified funds only. If the amount you owe is less than $250, we will accept a personal check. Our written offers are good for seven days, giving you time to get any necessary funds to settle your transaction.

Does CarMax buy back their own cars?

Selling your vehicle to CarMax, the national used car retailer, can be quick, easy and should get you a fair trade-in price. A CarMax offer can serve as a good backup if your own plans to sell the car outright or to trade it for another car fall through.

Will CarMax buy broken cars?

Yes — CarMax does buy damaged cars. In order to sell a vehicle to CarMax for cash, you typically have to bring the car in to get it appraised. Keep in mind that although you can sell a damaged car to CarMax, they specialize in vehicles that they can easily fix up and put back on the lot.

Can you sell a car at CarMax if you owe money?

If you like the CarMax offer, you can get a check on the spot. If you still owe money on the car, CarMax will handle the paperwork. You could also use the value of your car as a payment toward another vehicle on the CarMax lot. >>MORE: How to Sell a Car When You Still Have a Loan

Can I pay CarMax directly with negative equity?

In some cases, the negative equity can be included in your financing when you buy a CarMax car. If not, we’ll calculate the difference between your pay-off and our offer to you and you can pay CarMax directly. CarMax Car Buying Centers can accept cashier’s or certified checks and certified funds. CarMax stores also accept cash and debit cards.

Does CarMax accept cashier’s checks?

CarMax stores accept cashier’s checks, certified checks, certified funds, cash, and debit cards. CarMax Car Buying Centers (locations that only buy cars) can accept cashier’s checks, certified checks, and certified funds.

Should you get a CarMax appraisal or trade-in?

A CarMax offer can serve as a good backup if your own plans to sell the car outright or to trade it for another car fall through. Here’s how to get a CarMax appraisal and turn your vehicle into cash rather than trading it in at a dealership or trying to sell it yourself.