I owe 5,000 on my car and they offered 8,000. The lady said I need the title, but some people online said she was mistaken and that they will pay off the loan and once they get the title, give me the rest. read more
If your pay-off amount is more than the offer for your car, the difference is called "negative equity." In some cases, the negative equity can be included in your financing when you buy a CarMax car. If not, we'll calculate the difference between your pay-off and our offer to you and you can pay CarMax directly. read more