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Carmax Auto Finance Loan ??

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sznthescore
Established Contributor

Carmax Auto Finance Loan ??

Are vehicles financed through Carmax Auto Finance considered "consumer financing accounts"? Just asking as I'm considering purchasing a vehicle through them.

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Goal: FICO 700+
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dunn2500
Established Contributor

Re: Carmax Auto Finance Loan ??

they have extremely high rates and are usually on the pricey end of the market

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pizzadude
Credit Mentor

Re: Carmax Auto Finance Loan ??


@sznthescore wrote:

Are vehicles financed through Carmax Auto Finance considered "consumer financing accounts"? Just asking as I'm considering purchasing a vehicle through them.


I haven't seen others report that Carmax is CFA.   There is however some uncertainty around how auto loan are sometimes classified this way, see this thread for discussion. 

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 3 of 4
youngandcreditwrthy
Senior Contributor

Re: Carmax Auto Finance Loan ??

I cosigned on  santander once through carmax and while I hate santander, it was reported as a normal loan @sznthescore 

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