Country’s Largest Used Car Dealer Agrees to Pay $15,000 Each for Illegal Repossessions

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

CarMax Inc., the largest used car retailer in the nation, has agreed to pay nearly $500,000 to settle allegations of illegally repossessing military members’ vehicles, the Department of Justice announced Monday.

Nation’s leading used car dealer to pay $500K for illegally repossessing vehicles

In a major legal development, the nation’s largest used car dealer, CarMax Inc., has been ordered to pay approximately $500,000 to settle allegations that it illegally repossessed vehicles owned by active-duty U.S. service members.

America’s Largest Used Car Dealer, CarMax, Agrees to Pay Nearly $500K for Illegally Repossessing Vehicles From US Troops

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CarMax Illegally Repossessed Cars From Active Troops, Now It Must Pay

Auto lenders need a court order to repossess certain vehicles. The DOJ targeted CarMax over repossessing military cars. CarMax says it will update policies to prevent repeats. CarMax is on the hook for nearly $500,000 after the US Justice Department alleged it illegally repossessed vehicles from active duty servicemembers. Most of that money will go directly to those affected. According to the consent agreement, the case involves “at least …