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How to use Carvana to buy a car Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial decisions by providing you with interactive financial calculators and tools, publishing original and objective content, by enabling you to conduct your own research and compare data for free to help you make financial decisions with confidence. Bankrate has agreements with issuers, including but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money The offers that appear on this site are from companies that pay us. This compensation can affect the way and where products appear on this site, including for instance, the order in which they may appear within the listing categories in the event that they are not permitted by law. This applies to our mortgage home equity, mortgage and other home loan products. This compensation, however, does affect the information we provide, or the reviews that you read on this site. We do not include the entire universe of businesses or financial offerings that could be open to you.



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5 minutes read. Published on October 6, 2022.
Written by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers in navigating the ways and pitfalls of taking out loans to buy an automobile.







Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are dedicated to helping their readers to manage their finances through providing concise, well-researched, and well-organized information that breaks down otherwise complicated topics into bite-sized pieces.









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Carvana is working to improve the buying process for an old car by streamlining both how you sell your old car and one that's brand new to you. Since its beginning at the end of 2012, the goal of Carvana is to help users to obtain their next set of wheels from its vending machines with the same ease that you would get from a candy bar. Putting the kitsch that comes with the gold coins and the vending machine to one side, understanding whether Carvana is the right choice for you is to consider what about car buying matters most to you. To get the best deal, understand the process all the way from researching through financing the car to getting the keys before you go to the online showroom. What can you expect when purchasing a car using Carvana the Carvana second-hand car purchase process prides itself on seamless purchase while still encouraging personalization through the customer service. Carvana currently operates fully online and has only 34 vending machines throughout the U.S. However, in addition to its vending machines, the company also offers delivery. The aim of Carvana is "to ensure that you are provided with peace of assurance when purchasing the car you purchase." The "about Us" section on the site declares that although Carvana sells automobiles, it doesn't have any salespeople for cars. This approach separates the company from traditional competitors that could put pressure on the staff. Plus, it removes negotiation and face-to-face communication -- ideal for those looking to buy and drive their car without the extra hassle. How to buy an automobile using Carvana The process of purchasing a vehicle using Carvana can be done entirely online, and according to the customer support department -- is completed in just a few steps. To be able to qualify for financing prior to beginning the process of buying a car It is best to apply for an auto loan through Carvana -- and at least 2 other lending institutions. It lasts under five minutes according to Carvana and will provide you with a firm grasp on . Prequalification is the first element to be able to access. Fill in your personal details like your contact information along with your employment status as well as annual income. Shop for a vehicle With the amount you can truly be able to afford Now you can browse the 25,000 available vehicles -that have been inspected by both Carfax and AutoCheck. Click on the "find a car" tab on the site and you'll be presented with alternatives in your local area. There you can get specific on the price you'd like to pay, the amount you'd like to pay for it for it, what model and make you want along with the year, the amount of miles, the body type, and features you'd like. If you've got a specific vehicle in mind , search to see the availability of it in your local area. Check out the car you like after deciding on your dream car and being held over 30 mins, you will be able to virtually tour the exterior and interior of the car by clicking"get started" under the "get going" tab. You can also learn more about the car's miles, specifications and warranty options. All Carvana vehicles are covered by a seven-day cash-back guarantee , and a 90-day limited warranty. Verify your payment method This page also provides the anticipated cost of the car, both in"pay-once" as well as the "pay once" or "pay monthly" option. "Pay once" is the most common option "pay once" price considers the entire up-front cash price for the vehicle, which includes shipping. If you decide for financing, "pay monthly" will reveal your monthly price dependent on your prequalification number. If you're looking to finance the vehicle, look into this option here. Pick pickup or delivery once you've chosen your car and made a payment, you will be able to decide if you'd like to have the car delivered straight to your home or pick it up at one of the 34 vending machines across the country. If you are near a vending machine , and opt for this option, you will receive a personalized coin that when inserted will remove the vehicle from the car tower and bring it to the drop-off point. You now can drive off with your brand new vehicle. Pros and pros and Carvana If the aim is to stay clear of in-person negotiations and shopping Carvana could be the perfect dream come true for many drivers. But still, it is essential to weigh the advantages and drawbacks of a fully remote procedure. Benefits of Carvana The primary reason to buy a car through Carvana is the convenience. While the idea of having your vehicle to your door is appealing, it is an ideal option for people who wish to steer away from the traditional purchasing experience. If you were to buy your vehicle at an established dealership, you would do some research prior to the purchase online, meet with the salesperson, wander around the lot and potentially walk away with a vehicle or come back another day. If you buy with Carvana you can choose your vehicle in the morning and potentially have your new set of wheels before sunset that evening. This is a huge selling point for many drivers seeking to purchase their vehicle in the most straightforward way possible. The drawbacks of Carvana The most significant drawbacks customers might face boil down to the inability to gain an authentic feel for the vehicle from pictures alone. The warranty program does mean that you are able to return the car in case it's not the ideal fit however, the process of returning it isn't easy. In contrast to the dealership it is not able to take the car for a spin before signing off. Another factor that you cannot discern from images by themselves is any damage to the exterior or how certain features work for you. While Carvana vehicles do undergo a 150-point inspection but you can't get a perfect feel for an automobile unless you're in person. Review of Carvana The reviews presented directly on Carvana's website Carvana site are generally positive, and have a rating at 4.7 out of five. Many reviews are focused on the "smooth and easy" process. Others comment on the wide range of car prices and speedy loan preapproval. This reflects much of the things Carvana prides itself on and remains the most popular choice for many customers. Beyond the Carvana universe, there are drivers who had a less positive buying experience. Reviews on Trustpilot are averaging 3.7 score, which is less than the Carvana internal scores. Some examples of common complaints are drivers having to commute over 50 miles to pick up their vehicles and unhelpful customer service reps. What can you do to ensure that you get the most efficient vehicle using Carvana As with any vehicle purchase, the first step to having the best vehicle experience is to do your research. Be patient when shopping and comparing vehicles. Be aware of specific aspects, like MPG and technology available, and then check for reviews from outside sources. After seven days of getting your car is a good idea to take it to be inspected by a mechanic. In this way, you will be able to avail your Carvana return policy in the event that the car isn't as perfect. Should I buy my next car from Carvana? The main point is this If the thought of buying a car from a dealer causes anxiety Avoid it and choose the contactless option which will leave you with a new vehicle. However, if you're more interested in the excitement that comes with the best deal and need to sit at the wheel to see whether the car is the perfect for you, then Carvana may not be the right choice for you.


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Writen by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ways and pitfalls of taking out loans to buy an automobile.



Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate from late 2021. They are passionate about helping readers gain confidence to manage their finances by providing clear, well-researched facts that break down complex subjects into digestible pieces.






Auto loans editor




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