In-house loan talk
Answers to common questions before buying: in-house loan screening, documents needed, the total-amount cap on lending and more.
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What is the total-amount cap on lending, and how does it affect car loans?
The cap limits a person's total borrowing to one third of annual income. We explain how it relates to car loans.
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6 reasons a car loan is refused, and what to do next
Most refusals are due not to the amount of income itself but to history and borrowing limits. For each reason we set out realistic next steps.
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What do in-house loan screeners look at? For those refused elsewhere
With an in-house loan, CarMax screens by its own standards without a credit company. Not judging only by past financial trouble or a short time with an employer is the biggest difference from an ordinary auto loan.