![]() ![]() Every car we sell is carefully inspected and reconditioned to the best condition possible in fact, we spend over 12 hours, on average, on each used car. Maximum debt-to-income ratio: Depends on CarMax finance source and application details. CarMax cars undergo (on average) 12 hours of renewingsandwiched between two meticulous inspectionsfor a car that doesn’t look or feel used. I could not have been more pleased with the collaboration and partnership. Minimum annual gross income: Depends on CarMax finance source and application details. Once you’re ready to buy, you’ll have to submit a credit application to get specific offer terms. ![]() Pre-qualification allows you to shop for a car with your personalized financing terms. If you find a better rate at any time, you can use the loan to pay off. From day one the Alfa team fit in seamlessly. For pre-qualification, CarMax’s finance sources use soft inquiries, which have no impact on your credit score. One of the best things about financing through CarMax is the three-day payoff program. Pay your CarMax Auto Finance bill online with doxo, Pay with a credit card, debit card, or direct from your bank account. Mike Callahan, who was CFO of CAF during the time of the Alfa modernization project, said: “We thought the Alfa team was a good cultural fit based on the sales process, but you don’t truly know until you get into the implementation. CarMax Auto Finance Income per retail unit sold and. Going live in October 2021, the project featured support for key business processes, regulatory compliance, a major data migration, and sophisticated integration with CarMax’s systems landscape – but the collaboration between the teams comes across as key to the project’s success. The 47 represents CAF across all Tiers, while 22 & 8 represent Tier 2 & 3 without CA F. Designed to make your next car journey more convenient, whether youre buying with us, scheduling a test drive or paying off your. Alfa, provider of Alfa Systems, a leading software platform for auto and asset finance, has published a new case study detailing a successful implementation project with CarMax Auto Finance (CAF), the finance arm of CarMax, the largest used car retailer in the US.ĬAF engaged Alfa in 2017 to help achieve its vision for modernization and strategic growth and replace its existing back-end legacy systems. ![]()
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