Will Carmax Buy An Upside Down Car – Verified

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

Only accepted if the amount you owe is less than $250 . 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 only selling your car (and

Cashier’s checks, certified checks, certified funds, or debit cards are accepted. Your Two Primary Options If you are trading

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

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.