CarMax Must Pay Servicemembers After Illegal Car Repossessions

CarMax allegedly violated the Servicemembers Civil Relief Act, with each affected servicemember set to receive $15,000 in ...

CarMax Is Paying $15,000 For Each Vehicle It Allegedly Repossessed Illegally

According to the settlement, CarMax will pay at least $420,000 in damages to service members and a civil penalty of $79,380 ...
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My car was repossessed after 6 months of missed payments during a hospital stay. I still owe $20,000 on a 5-year loan with 4 years left — am I responsible for the full amount?

Taking on a car loan comes with a lot of responsibility. With Experian reporting that the 2024 average car payment for new and used cars sat at $734 and $525 per month, respectively, it's very easy ...
MassLive

He claimed to be a police officer selling repossessed cars. The scam cost buyers $1,000s

UPDATE: Recardo S. Beale was sentenced by U.S. District Court Judge Myong J. Joun on Oct. 8, 2025 to 90 days in federal prison followed by three years of supervised release. He was also ordered to pay ...
Military Times

CarMax to pay at least $420K to settle allegations of illegal repossessions of troops’ cars

Justice officials allege CarMax violated the Servicemembers Civil Relief Act. (Baona/Getty Images) CarMax, the nation’s largest retailer of used cars, has agreed to pay at least $420,000 in damages to ...
The Daily Dot

‘All these cars have stickers’: Expert finds a ton of repos at the CarMax auction. He says that should be a major red flag for customers

"More carmax repos at the auction. People are defaulting on their loans and getting their vehicles repossessed," TikToker Cheese (@thankucheese) writes in a caption for yet another video where he ...
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I bought a brand-new car I couldn’t afford just to impress my hyper-competitive coworkers. Now it’s been repossessed. Can I fix my credit?

Buying a car to impress people who barely think about you is expensive. However, losing that car to repossession is even more expensive as the bill keeps coming long after the tow truck leaves. If you ...