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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 mission is to help you make better financial choices by offering interactive tools and financial calculators that provide original and objective content. We also allow you to conduct your own research and compare data for free to help you make informed financial decisions. Bankrate has agreements with issuers including, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The offers that appear on this website are provided by companies that pay us. This compensation could affect how and where products appear on this site, including for instance, the order in which they may appear within the listing categories and other categories, unless prohibited by law for our mortgage home equity, mortgage and other home lending products. However, this compensation will affect the content we publish or the reviews appear on this website. We do not cover the universe of companies or financial deals that may be open to you.



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5 minutes read. Published October 06, 2022
Writen by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers in navigating the ins and outs of securely taking out loans to buy a car.







The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate from late 2021. They are dedicated to helping their readers gain the confidence to manage their finances by providing concise, well-researched, and well-organized information that breaks down otherwise complicated subjects into digestible pieces.









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Carvana is working to improve the process of buying a used vehicle by streamlining the process of the selling process for your old car and one that is brand new to you. Since its beginning at the end of 2012, the goal of Carvana is to allow users to obtain their next car through vending machines in the same way you would get from an ice cream bar. Putting the kitsch that comes with the gold coins and vending machine aside, determining whether Carvana is right for you will require you take a look at what aspect of the purchase of a car is most important to you. To get the best deal learn about the process all through from research to vehicle financing to getting the keys before heading to the online showroom. What should you expect when buying the car you want using Carvana Its Carvana second-hand car purchase process is based on a smooth purchase, while providing personalization with the customer service. Carvana operates completely online, with just 34 vending machines throughout the U.S. Apart from vending machines, the company also provides delivery. The aim of Carvana is "to ensure that you are provided with peace of assurance when purchasing your new car." The "about us" section on the website declares that although Carvana sells cars, it does not have sales representatives for cars. This is a distinct approach to differentiate the company from competitors who can add pressure from the employees. Additionally, it eliminates negotiations and face-to-face communication -- perfect for people wanting to buy and drive without all the additional hassle. How to buy an automobile using Carvana This process for purchasing the vehicle with Carvana can be done entirely online, and according to the company's help desk -- is completed in just two steps. Prequalify for financing Before starting the car shopping process it is recommended to apply for an auto loan through Carvana -or at the very least, two additional lenders. This process takes under five minutes according to Carvana and will provide you with an understanding of . Prequalification is a key step in available to you. Just fill in personal details such as contact information along with your employment status as well as annual income. If you are looking for a car with the amount you can truly be able to afford Now you can browse the 25,000 available vehicles -which are all checked by Carfax or AutoCheck. Head to the "find the right car" tab on the site and you will be presented with available alternatives in your local area. You can also determine the cost you'd like to pay, the method you want to pay the amount, make and model along with the year, the amount of miles, the body type, and features you want. If you have a particular vehicle in mind you can search to see the availability of it in your area. Check out the car you like After setting your sights on the vehicle you'd like to have, which will be held for 30 minutes, you are able to explore the interior and exterior of the vehicle by clicking on the "get started" tab. This is where you will also be able to gain a better understanding of the mileage, vehicle specifications and warranty options. All Carvana cars include a 7-day money-back guarantee along with a 100-day guarantee. Verify your payment method This page also provides the expected cost for the vehicle in both,"pay-once" as well as the "pay at once" or "pay monthly" approach. "Pay Once": The "pay at once" price considers the entire up-front cash price for the vehicle, including shipping. If you decide to finance the vehicle, "pay monthly" will display your monthly costs in relation to your prequalification number. If you're looking to finance the vehicle, consider this alternative here. Select pickup or delivery after you've chosen your car and made a payment, you will be able to choose if you would like the vehicle delivered directly to your doorstep or pick it up at any of 34 vending machine locations across the nation. If you are near a vending machine , and opt for this option, you'll receive a custom coin that after inserting it will free your vehicle off the tower, and then bring it to the drop-off point. Then you are free to drive off with your new vehicle. Pros and negatives of Carvana If the goal is to stay clear of in-person negotiations as well as shopping Carvana could be the perfect dream that many drivers can realize. However, it's important to weigh the benefits and disadvantages of having a remote transaction. Advantages to Carvana The primary advantage of buying a car with Carvana is convenience. While the novelty of ordering the vehicle right to your door is appealing, it is an excellent option for those who wish to steer away from the typical purchasing experience. If you bought your vehicle at a traditional dealership you likely would do some research prior to the purchase online, meet with a salesperson, walk through the parking lot, and possibly walk away with a vehicle or return a day later. If you buy with Carvana you are able to choose your vehicle in the morning, and possibly get your new set of wheels before sunset that evening. This is an important selling point for many drivers who want to buy with the simplest method possible. Carvana's drawbacks Carvana The major drawbacks customers might face boil down to the inability of getting a true feel for the car from just pictures. While the warranty program means that you are able to return the car in the event that it's not the ideal fit however, the process of returning it can be frustrating. Contrary to what you can find on the lot it is not permitted to take the vehicle to a test drive prior to signing off. Another factor that you cannot get from pictures 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 experience the full-scale performance of an automobile unless you're in the car. Reviews of Carvana The reviews that are posted 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 effortless" process. Others comment on the wide range of car prices and speedy loan preapproval. This is in line with the things Carvana is known for and remains the primary attraction for many customers. In the outside of Carvana universe, however, there are some drivers who had a less positive purchasing experience. Reviewers on Trustpilot have an average 3.7 score, lower than the Carvana internal scores. Common complaints include drivers having to commute over 50 miles to get their cars and ineffective customer service representatives. How to ensure you get the best vehicle with Carvana Similar to any other car purchase, the most important thing to ensuring you get the best car process possible is researching. Be patient when shopping and comparing different automobiles. Look out for specific factors such as MPG and the technological features, and look out reviews from other vehicles. During the seven-day period after purchasing your vehicle, it is wise to bring the vehicle in to an expert mechanic. This way, you'll be able to benefit from your Carvana return policy if you feel the car isn't as perfect. Do I want to purchase my next car from Carvana? The main point is this: If the thought of an auto dealer is stressful, then avoid it and choose the contactless option which will just leave you with a brand-new set of wheels. However, if you're more interested in the excitement which comes along with getting the best deal and want to be on the road and see whether it's the best fit 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 is a specialist in helping readers to navigate the ways and pitfalls of borrowing money to purchase a car.



Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers gain the confidence to control their finances through providing concise, well-researched, and clear facts that break down complex topics into manageable bites.






Auto loans editor




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