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5 companies like CarMax

Here are five options to consider if you want to buy a used car online in Canada.

Online auto dealership CarMax is the largest used car dealer in the United States. It offers access to over 50,000 used vehicles, plus 24-hour test drives and 30-day returns to help US car buyers find their next set of wheels.

If you’re looking for sites like CarMax in Canada, check out the alternatives to CarMax listed below.

Is CarMax in Canada?

No. CarMax may be a major player in the US market, but it’s not available in Canada. Any Canadian locations using the “CarMax” name is not affiliated with CarMax US.

If you want to buy a used car online in Canada, you’ll need to consider other options. The good news is that there are plenty of online car dealerships to choose from. Keep reading for a guide to alternatives to CarMax in Canada.

What are some companies like CarMax in Canada?

The Canadian platforms below let you buy a car online similar to CarMax.

Clutch

1. Clutch

Available in Ontario and Nova Scotia only

Founded in 2016, Clutch offers an online inventory of over 2,000 used vehicles. After browsing the range of vehicles and selecting the one you want, Clutch will deliver it to your home. You then have a trial period of 10 days/750 km to drive the car and make sure it’s right for you. Each vehicle comes with a full CARFAX report. You can also apply for vehicle financing through the Clutch platform.

Product details
  • APR: From 8.49%
  • Loan amount: From $7,500
  • Loan term: 12 - 96 months
  • Serviced provinces: Ontario and Nova Scotia
  • Trial period: 10 days/750 km
  • Complimentary warranty: 90 days/6,000 km
  • Accepts trade-ins? Yes
  • Can you sell your car to them? Yes
What to watch out for
  • Service fees apply in Nova Scotia
  • Limited provincial availability

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CarDoor

2. CarDoor

Launched in 2021, CarDoor is an online auto dealership based in Toronto. It provides access to an inventory of hundreds of vehicles, with free delivery and a 14-day money-back guarantee. Cars on the platform come backed by a 90-day warranty and there’s a 60-day exchange program to ensure that you end up with the right vehicle. You can also access financing from multiple lenders through CarDoor, with online pre-approval provided within minutes.

Product details
  • APR: From From 7.99%
  • Loan amount: $5,000 –
  • Loan term: 12 - 96 months
  • Serviced provinces: Ontario
  • Trial period: 14 days/750 km
  • Complimentary warranty: 90 days/10,000 km
  • Accepts trade-ins? Yes
  • Can you sell your car to them? Yes
What to watch out for
  • Smaller inventory than some other options
  • Ontario only

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Carnex

3. Carnex

Carnex is an online platform where you can buy and sell electric vehicles. Based in Mississauga, Ontario, Carnex offers online financing, the option of delivery or vehicle pick-up as well as a 10-day/720km return policy. Each vehicle in its inventory must pass a 170-point inspection and reconditioning process.

Product details
  • APR: Not disclosed
  • Loan amount: Not disclosed
  • Loan term: Not disclosed
  • Serviced provinces: Ontario and surrounding region
  • Trial period: 10 days/720 km
  • Complimentary warranty: 100 days/5,000 km
  • Accepts trade-ins? Yes, must be an electric vehicle
  • Can you sell your car to them? Yes
What to watch out for
  • Electric vehicles only
  • Limited inventory
  • Additional delivery costs may apply if you’re more than 250km from Carnex’s Mississauga HQ

Drive Axis

4. DriveAxis

As the direct-to-consumer portal of Axis Auto Finance, DriveAxis offers what it describes as a “lender-driven” online car-buying experience. It does not have its own inventory and instead connects you to vehicles from dealerships around the country. The entire process is handled online, with fast financing approval and a seven-day return or exchange guarantee.

Product details
  • APR: Not disclosed
  • Loan amount: Not disclosed
  • Loan term: Not disclosed
  • Serviced provinces: Ontario
  • Trial period: 7 days
  • Complimentary warranty: No free warranty
  • Accepts trade-ins? Yes
  • Can you sell your car to them? No
What to watch out for
  • No free warranty available
  • Smaller inventory than some other platforms

Carmonk

5. CarMonk

CarMonk is an online car dealer where you can browse for a used car, van, SUV or truck. Vehicles on the platform pass a 172-point inspection, and there’s a seven-day money-back guarantee if you’re not happy with your purchase. Your car is then delivered at a time of your choosing. You can also apply for financing directly through the CarMonk platform.

Product details
  • APR: Not disclosed
  • Loan amount: Not disclosed
  • Loan term: Up to 84 months
  • Serviced provinces: Ontario
  • Trial period: 7 days
  • Complimentary warranty: 90 days/5,000 km
  • Accepts trade-ins? Yes
  • Can you sell your car to them? Yes
What to watch out for
  • Smaller inventory than other platforms
  • Website appears to still be in development

What are some common features of online car dealers?

Online process

Online car dealers allow you to purchase your next vehicle from the comfort of your own home. You can browse and compare models online, plus apply for financing. The model you choose is then delivered to your home.

Money-back guarantee/trial period

Most online auto dealers provide a trial period after your vehicle is delivered. This period is typically limited to 7–14 days and 500–1,000km, and it gives you a chance to drive the car in person and check that it works as promised. If you decide you’re not satisfied with your purchase during this period, you’ll usually be entitled to a free exchange or refund.

Mostly used cars

While some dealers also offer new cars for sale, most online car marketplaces stock used cars. Those vehicles generally tend to be late-model used cars from the previous 10 years.

Cars go through inspections

Vehicles listed on these online marketplaces are not sold as is. They need to pass safety and reconditioning inspections before being put up for sale. You can find details of what’s covered in these inspections on the dealer’s website.

Pay in cash or finance

You can pay for your vehicle outright or apply for financing through the dealership. Dealers typically offer financing from a network of lenders, and you can fill out an online application in minutes to get pre-approval.

Trade-ins accepted

Most online car dealers also accept trade-ins when you purchase another car or if you just want to sell your car for cash. You’ll need to provide details such as the licence plate number, VIN and proof of ownership. The dealer will then provide you with an offer.

Bottom line

CarMax isn’t available in Canada, but there are plenty of other online auto dealerships that make it easy to buy a car without getting off your couch. Compare the vehicles, prices and features of a range of online dealers to find the best CarMax alternative and buy your next car.

Frequently asked questions

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