CarMax adopts online auto financing platform

Carmax auto online loans
CarMax,the world's largest secondhand car dealer and financier based in the US,has kicked off moving its auto finance applications online,said the management in a conversation with Reuters.

The move was as a result of a fall in auto finance sales due to the less accessibility to the lending facility.

CarMax has a subsidiary in Kenya,CarMax EA,which serves the whole of East Africa region.As dwellers of the region,we highly expect the online car loan application platform will also be available to us.CarMax EA have been giving auto finance loans to Kenyans through partnerships with commercial banks like Family Bank and Cfc Stanbic just to mention a few.

The online loan application will enable borrowers to pre-qualify before visiting a CarMax store.Pre-qualification gives the customer confidence as he or she visits the showroom.

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