What is Black Book value of my car?
The Black Book value is essentially the wholesale or auction value of a car. Black Book sources pricing data from both wholesale auctions and actual vehicle transactions from across the country. They update or validate their used car prices on a weekly basis.
How does the Cudl program work?
CUDL is a service through which individuals are able to get loans at auto dealerships which are financed through a credit union (with their rates) instead of the dealership and its rates. Now, you’re the person dealerships love.
What is Cudl gap?
GAP Amount The difference between the net payoff on the date of loss and the Primary Carrier settlement not to exceed $50,000.
Does CarMax have in house financing?
Does CarMax offer auto financing? Yes, and financing at CarMax is a quick and transparent process. Nearly 8 of every 10 CarMax customers finance their purchases through our sources, who can deliver offers within minutes of your submitting an application.
What is the difference between Black Book and Blue Book value?
The Blue Book® is where drivers look to know what amount they can expect to purchase a vehicle or sell a vehicle for. The Black Book, however, deals more with up-to-date car sales and wholesale pricing values, so the information is more useful for car dealers.
What is CU Direct?
CU Direct delivers lending solutions and technology to over 1,100 financial institutions, 14,000 auto dealers as well as retailers and medical providers nationwide.
Do you need a down payment at CarMax?
A: A down payment isn’t required for financing at CarMax. But making a down payment is a smart idea because it reduces the amount you’ll need to borrow and pay back. With a down payment you can also improve your chances of loan approval and better terms, including the interest rate or APR.