Carmax Auto Insurance: What You Need To Know

Carmax, the largest used-vehicle retailer in the United States, offers its own warranty and service plans. While they don't sell auto insurance, they do offer a complimentary limited warranty and optional extended warranty plans. The limited warranty covers a vehicle's major systems, parts, and labour costs for 90 days or 4,000 miles, whichever comes first. Beyond this, CarMax offers MaxCare, an extended service plan that can be tailored to the buyer's budget and the life of the car.

Carmax offers financing for vehicles with liability insurance

CarMax is the largest dealer of used cars in the United States, offering a wide range of financing options. CarMax Auto Finance offers customers the ability to manage their accounts and make payments online. Monthly payments can be sent by U.S. Mail or made through the CarMax app. CarMax also offers a money-back guarantee, allowing customers to return their vehicles within 30 days or 1,500 miles of purchase for a full refund.

CarMax provides a prequalification tool to help customers determine the interest rate and terms they may qualify for without impacting their credit score. The company also offers a payment calculator to provide estimates of monthly payments and APRs. CarMax's in-house financing option, CarMax Auto Finance, provides customers with the flexibility to back out of their financing contract within three days without penalties or additional fees if they find a better deal elsewhere.

In addition to financing, CarMax offers a 90-day or 4,000-mile limited warranty on all vehicles. Customers also have the option to purchase a MaxCare extended service plan, which provides comprehensive coverage, flexible plans, and pricing. MaxCare includes emergency roadside assistance, nationwide protection, and rental reimbursement for covered repairs.

CarMax caters to a diverse range of credit profiles, including first-time buyers. The company's competitive APRs start as low as 5.99% for the most qualified borrowers. With a large loan range, from $500 to $100,000, CarMax provides financing options for various budgets.

Carmax's standard warranty provides coverage for 90 days/4,000 miles

CarMax is the largest retailer of used cars in the United States, with over 220 storefronts across 41 states and nearly 60,000 certified pre-owned vehicles available. The company has built a reputation for providing a reliable selection of second-hand cars and a range of automotive services, including its own warranties and a service program called MaxCare, which works like an extended warranty.

The standard CarMax warranty provides coverage for 90 days or 4,000 miles, whichever comes first. This limited warranty covers the car's major systems, plus hundreds of parts inside and out, and the cost of labour for covered repairs. It also includes the Love Your Car Guarantee, which gives customers 30 days (up to 1,500 miles driven) to decide if they want to keep the car. If they choose to return it within this period, CarMax will provide a refund.

While the standard CarMax warranty provides coverage for a relatively short period, customers can also opt for a MaxCare extended warranty, which offers additional protection. MaxCare is available for any used car sold by CarMax, regardless of its year, make, model, or mileage. The coverage period for MaxCare plans can be tailored to the vehicle and its mileage, ranging from 75,000 to 150,000 miles. The deductible choices for MaxCare plans range from $50 to $300.

MaxCare covers a wide range of vehicle systems and parts, including the engine, transmission, cooling system, drivetrain, steering, and climate control. It also includes additional perks such as 24/7 emergency roadside assistance, rental car reimbursement of up to $40 per day for up to 7 days during covered repairs, and a $50 discount on the deductible for repairs done at CarMax service centres or RepairPal-certified shops.

The cost of a MaxCare extended warranty depends on various factors, including the vehicle category, average miles driven per year, and the chosen deductible. The price tends to increase with a higher annual mileage. Customers can include the cost of MaxCare in their monthly car payments or purchase it upfront using a credit card, cash, or check. It's important to note that MaxCare can only be purchased at the time of buying the vehicle from CarMax.

MaxCare extended warranty provides additional coverage for major systems

CarMax does not offer auto insurance, but it does provide a complimentary limited warranty and optional extended warranty plans. The extended warranty, MaxCare, is an optional service plan that customers can choose to purchase when they buy a car. MaxCare provides additional coverage for major systems and parts, inside and out, for extra years and miles.

Every car sold by CarMax comes with a complimentary CarMax limited warranty for 90 days/4,000 miles, whichever comes first. This warranty covers the vehicle's major systems, plus hundreds of parts inside and out, and includes labour. This limited warranty is in addition to any remaining coverage under the manufacturer's warranty.

MaxCare is an optional extended service plan that can be purchased when buying a car from CarMax. It provides additional coverage for the vehicle's major systems and parts, beyond what is included in the limited warranty. MaxCare can be tailored to the customer's budget and the expected life of the car, with a range of deductible options starting as low as $50. The extended warranty can last up to 150,000 miles or five years, whichever comes first.

MaxCare covers major systems and parts, including the engine, transmission, cooling system, electrical system, drivetrain, steering, and climate control. It also includes additional services such as 24/7 emergency roadside assistance, rental car reimbursement of up to $40 per day for up to seven days, and discounted deductibles of up to $50 when using a CarMax service centre or RepairPal-certified shop.

The cost of MaxCare depends on the vehicle, its mileage, and the chosen deductible. It can be included in the monthly car payment or purchased upfront using a credit card, cash, or cheque. MaxCare can be cancelled at any time and the refund amount is prorated based on the duration and mileage of the term, minus any applicable cancellation fees.

MaxCare is available for any used car sold by CarMax

MaxCare is an extended service plan offered by CarMax, the largest retailer of used cars in the United States. MaxCare is available for any used car sold by CarMax, regardless of the year, make, model, or mileage. This is particularly useful for rare exotic cars that usually cannot get extended warranties through aftermarket warranty companies.

MaxCare can be tailored to the car owner's needs and budget, with a sliding scale of cost and coverage. The protection can last up to five years or 150,000 vehicle miles, whichever comes first. CarMax offers a range of plans with different deductibles, ranging from $50 to $300, and monthly payments that can be as low as $24. The lower the deductible, the higher the monthly payment.

MaxCare can be used at any licensed service facility in the United States or Canada that offers a 6-month/6,000-mile warranty on parts and labour. Car owners can also take advantage of CarMax's network of trusted CarMax Service Centers and RepairPal® Certified shops, where they can get a $50 discount on their deductible (state limitations may apply).

The MaxCare extended warranty covers major systems and parts, including the engine, transmission, cooling, electrical, fuel, steering, suspension, restraint, brake, exhaust, gauges, HVAC, tires, and wheels. It also includes emergency roadside assistance, available 24/7, 365 days a year, rental reimbursement of up to $40 per day for up to 7 days, and nationwide protection within the United States and Canada.

MaxCare is an optional service plan that can be purchased at the time of buying a used car from CarMax. It provides peace of mind and helps save on repair bills, especially for high-end, maintenance-intensive vehicles.

MaxCare can be used at any licensed service facility in the US or Canada

MaxCare is an optional extended service plan offered by CarMax, the largest retailer of used cars in the United States. CarMax offers its own warranties and service programs, including MaxCare, which functions similarly to an extended warranty.

One of the benefits of MaxCare is that it can be used at any licensed service facility in the United States or Canada. This flexibility allows drivers to choose their preferred repair shop or use CarMax's trusted network of CarMax Service Centers and RepairPal® Certified shops. This nationwide protection ensures that customers are covered regardless of their location within the US or Canada.

To utilize MaxCare, car owners simply need to take their vehicle to a licensed service facility that offers a 6-month/6,000-mile warranty on parts and labor. This ensures that customers can access quality repairs and services for their vehicles.

In addition to the convenience of being able to use any licensed service facility, MaxCare also provides comprehensive coverage for various vehicle systems and parts. It covers major systems and parts, including the engine, transmission, cooling, electrical, fuel, steering, suspension, and more. The plan also includes emergency roadside assistance, rental reimbursement, and discounted deductibles at CarMax Service Centers or RepairPal Certified shops.

MaxCare is a popular choice, with over 3.8 million customers opting for the plan since 2009. It offers peace of mind and flexibility, making it a valuable option for those seeking extended coverage for their vehicles.

Frequently asked questions