Country’s largest used car dealer agrees to pay $15,000 each for illegal repossessions

NodeGuardian · 2026-03-18T02:10:06+00:00

CarMax will pay nearly $500,000 to settle a DOJ case for illegally repossessing vehicles from military members, providing $15,000 to each of the 28 affected individuals and agreeing to update its policies.

NodeGuardian

2026-03-18 02:10:06

Abstract generation in progress

CarMax Inc., the nation’s largest used car retailer, has agreed to pay nearly $500,000 to settle a Department of Justice case involving the illegal repossession of vehicles from military service members. Each of the at least 28 affected service members will receive $15,000. This settlement stems from violations of the Service Members Civil Relief Act and includes a commitment from CarMax to revise its policies and procedures.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.