CarMax Auto Finance: Everything You Need to Know About Mailing Your Payment

CarMax Auto Finance makes it easy for you to make your monthly payments. You can pay online, by phone, or by mail. If you choose to pay by mail, you'll need to send your payment to the following address:

CarMax Auto Finance
PO Box 6045
Carol Stream, IL 60197

What is CarMax Auto Finance?

CarMax Auto Finance is a subsidiary of CarMax, Inc., the nation's largest used car retailer. CarMax Auto Finance provides financing for new and used car purchases at CarMax dealerships. CarMax Auto Finance offers a variety of loan options, including fixed-rate loans, adjustable-rate loans, and balloon loans. CarMax Auto Finance also offers a variety of refinancing options.

How to Make a Payment to CarMax Auto Finance

There are three ways to make a payment to CarMax Auto Finance:

1. Online: You can make a payment online at the CarMax Auto Finance website. To make a payment online, you'll need your account number and your routing number.
2. By phone: You can make a payment by phone by calling the CarMax Auto Finance customer service number at 1-800-564-7111. To make a payment by phone, you'll need your account number and your routing number.
3. By mail: You can make a payment by mail by sending your payment to the address listed above. To make a payment by mail, you'll need to include your account number and your routing number on your check or money order.

What is the Grace Period for CarMax Auto Finance Payments?

CarMax Auto Finance offers a 15-day grace period for payments. This means that you have 15 days after your payment due date to make your payment without incurring a late fee. If you make a payment after the 15-day grace period, you will be charged a late fee of $25.

What Happens if I Miss a CarMax Auto Finance Payment?

If you miss a CarMax Auto Finance payment, you will be charged a late fee of $25. Your account will also be reported to the credit bureaus, which could damage your credit score. If you miss multiple payments, CarMax Auto Finance may repossess your vehicle.

How to Avoid Late Payments

There are a few things you can do to avoid late payments:

1. Set up automatic payments: You can set up automatic payments from your checking account or debit card. This way, you don't have to worry about forgetting to make your payment.
2. Set up reminders: Set up reminders on your phone or calendar to remind you when your payment is due.
3. Make extra payments: If you can, make extra payments on your loan each month. This will help you pay off your loan faster and save money on interest.

What if I Have Questions About My CarMax Auto Finance Loan?

If you have any questions about your CarMax Auto Finance loan, you can contact the customer service department at 1-800-564-7111. The customer service department is available Monday through Friday from 8:00 AM to 9:00 PM ET and Saturday from 9:00 AM to 5:00 PM ET.

5 Benefits of Paying Your CarMax Auto Finance Bill on Time

1. Avoid late fees: CarMax Auto Finance charges a late fee of $25 for payments that are received after the 15-day grace period.
2. Protect your credit score: Late payments can damage your credit score, which can make it more difficult to get approved for loans and credit cards in the future.
3. Keep your car: If you miss multiple payments, CarMax Auto Finance may repossess your vehicle.
4. Save money on interest: Making extra payments on your loan each month can help you pay off your loan faster and save money on interest.
5. Get peace of mind: Knowing that you're making your payments on time can give you peace of mind.

3 Tips for Making a CarMax Auto Finance Payment

1. Set up automatic payments: This is the easiest way to make sure that your payment is made on time each month.
2. Set up reminders: Set up reminders on your phone or calendar to remind you when your payment is due.
3. Make extra payments: If you can, make extra payments on your loan each month. This will help you pay off your loan faster and save money on interest.

FAQs About CarMax Auto Finance

Q: What is the mailing address for CarMax Auto Finance?
A: The mailing address for CarMax Auto Finance is PO Box 6045, Carol Stream, IL 60197.

Q: What is the grace period for CarMax Auto Finance payments?
A: The grace period for CarMax Auto Finance payments is 15 days.

Q: What is the late fee for CarMax Auto Finance payments?
A: The late fee for CarMax Auto Finance payments is $25.

Q: What happens if I miss a CarMax Auto Finance payment?
A: If you miss a CarMax Auto Finance payment, you will be charged a late fee of $25. Your account will also be reported to the credit bureaus, which could damage your credit score. If you miss multiple payments, CarMax Auto Finance may repossess your vehicle.

Q: How can I avoid late payments?
A: There are a few things you can do to avoid late payments:

• Set up automatic payments
• Set up reminders
• Make extra payments

Q: What if I have questions about my CarMax Auto Finance loan?
A: If you have any questions about your CarMax Auto Finance loan, you can contact the customer service department at 1-800-564-7111. The customer service department is available Monday through Friday from 8:00 AM to 9:00 PM ET and Saturday from 9:00 AM to 5:00 PM ET.