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Just wondering if anyone has brought their preapproval letter from Capital One Auto Navigator to Carmax, and if so, what was your experience? We have been pre-approved up to 40k from 2.49-9.14%. Been reading online about some bad experiences with Carmax saying they don't work with Capital One, but the app lists them as a participating dealer. I'm going to confirm with Capital One tomorrow, but was just wondering if anyone used them while purchasing a car from Carmax? We think we finally found a truck that we've been looking for and had it transferred to our local Carmax store which we will be going to view on Tuesday. TIA.
Not to hijack, but I got a Cap1 pre-approval last summer and somewhere in the fine print it said I had to let the dealer pull my credit again. I didn't go through with it because the last dealer I let pull my credit put 11 inquiries on my TU and 7 on EX.
I tried in 2015. Got preapproval from Capital One, took it in was told that they didn't accept Capital One financing. I took my business elsewhere, after getting 5 inquiries and 2 awful financing offers from CarMax.
FYI, so as it turns out, there were no issues purchasing at CarMax with Cap 1 Auto Navigator pre-approval. I did tell CarMax that I had the pre-approval and they did try to offer me their financing but Cap 1 was lower interest rate. I had also called Cap 1 to confirm, and CarMax is now a participating dealer.
I purchased my BMW from Carmax with the Cap One Auto in Newport News, VA. The process was painless. The best experience for me because I told them what I wanted they had the car transferred in from Maryland, test drove, came back in the office and signed off on all paperwork. I did this one day after work and was out of the dealership by 6:30 or so. I love that CarMax honored this with no problem at all. They did mention if I wanted to try to go through their financing for possible better rate. I allowed that and if they did pull credit it never showed on my report. Would definitely recommend using CarMax along with Cap One Auto Finance. Best of luck.