CarMax offers finance prequalifying online

Used-car retailer CarMax this year started showing consumers the level of financing they qualify for before they start their online car shopping.

The new feature means shoppers using carmax.com and CarMax’s app will know within minutes their specific payment terms and annual percentage rate for used cars in the company’s national inventory. This gives them an idea of what they can afford before they start shopping, the Richmond, Va., retailer said in a statement.

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