Will Carmax Buy An Upside Down Car -

This option depends on your credit score, the value of the new car, and the lender's loan-to-value (LTV) requirements.

If you are trading in your car for another vehicle at CarMax, you may be able to "roll over" the negative equity into your new auto loan.

If you are only selling your car (and not buying a new one), you must pay the negative equity to CarMax on the spot. will carmax buy an upside down car

Only accepted if the amount you owe is less than $250 .

CarMax does not allow you to use a credit card to pay off negative equity. Roll the Debt Into a New Loan: This option depends on your credit score, the

Yes, , but you must reconcile the "negative equity"—the difference between what you owe on your loan and CarMax’s offer—before the sale can be finalized. How the Process Works

Cashier’s checks, certified checks, certified funds, or debit cards are accepted. Only accepted if the amount you owe is less than $250

When you sell an upside-down vehicle to CarMax , they will contact your lender to get a 10-day payoff quote. Because the car’s title has a lien on it, the loan must be fully satisfied for the title to be released to CarMax. Your Two Primary Options