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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 as well as publishing high-quality and impartial content. We also allow users to conduct research and examine information for no cost and 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 Earn Profit The products that appear on this website come from companies that compensate us. This compensation can affect the way and when products are featured on the site, such as for instance, the sequence in which they be displayed within the categories listed and other categories, unless prohibited by law for our mortgage or home equity products, as well as other products for home loans. This compensation, however, does have no impact on the information we provide, or the reviews you read on this site. We do not include the entire universe of businesses or financial offers that may be available to you.



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5 minutes read. Published in October 06, 2022.
Authored 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 using loans to buy an automobile.







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

Rhys has been editing and writing for Bankrate from late 2021. They are committed to helping readers gain the confidence to take control of their finances with precise, well-researched and comprehensive data that simplifies otherwise complicated topics into bite-sized pieces.









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is working to upend the process of buying an used car by streamlining how you sell your current car and the one that is brand new to you. Since its inception in 2012, Carvana's mission has been to enable motorists to purchase their next vehicle by using its vending machines with the same ease that you would get from the candy bar. Putting the kitsch associated with gold and vending machine to one side, understanding if Carvana is the right choice for you will require you to consider what about car purchasing 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 prior to heading to the online showroom. What can you expect when purchasing an automobile using Carvana Its Carvana second-hand car purchase process prides itself on a smooth purchase, while offering a personal touch through its customer service. Carvana operates completely online and has only 34 vending machines across the U.S. But, aside from its vending machines, it also offers delivery. The company's goal is "to ensure that you are provided with peace of mind with regards to the car you purchase." In the "about Us" section of the website states that , while Carvana sells cars, it does not have sales representatives for cars. This is a distinct approach to differentiate the company from traditional competitors that could put pressure on the staff. Plus, it removes negotiation and face-to-face communications -- ideal for those wanting to buy and drive their vehicle without any additional hassle. How do you buy the car using Carvana It is possible to go through the process of buying a vehicle using Carvana can be done completely online and -- according to the customer support department -- is done simply in only two steps. Prior to starting the process of buying a car it is recommended to apply for an auto loan through Carvana -or at the very least, two other lenders. It takes less than five minutes, according to Carvana it will give you an understanding of . Prequalification is the first step to make. Simply fill out personal information such as contact information, employment status and annual income. If you are looking for a car with the price you can manage, you can now browse the 25,000 available vehicles -that have been inspected by both Carfax and AutoCheck. Head to the "find the right car" tab on the site and you'll be presented with choices in your region. There you can find out the exact price you'd like to pay, how you'd like to pay for it, make and model along with the year, the amount of miles, the body type, and features you want. If you've got a specific car in mind, you can check to see whether it is in your region. Explore the vehicle you choose Once you have decided on your dream car and being held over 30 mins, you can explore the exterior and interior of the vehicle by clicking the "get going" tab. You can also learn more about the vehicle's mileage, specifications and warranty options. All Carvana cars are covered by a seven-day cash-back assurance, as well as a one-year limited warranty. Verify your payment method This page also outlines the estimated cost for the car, both in"pay once" and "pay monthly. "pay one time" and the "pay monthly" approach. "Pay once" is the most common option "pay at once" price includes the total initial cash price of the vehicle, which includes shipping. If you choose to finance the vehicle, "pay monthly" will show your monthly cost in relation to your prequalification number. If you're interested in financing, look into this alternative here. Choose delivery or pickup Once you've selected your vehicle and paid your payment, you are able to decide if you want the vehicle delivered to your doorstep or if you want to take it to any of 34 vending machine locations across the nation. If you live close to a vending machine and choose 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 delivery bay. You now can drive off with your new vehicle. The pros and cons of Carvana If the goal is to avoid in-person negotiation and shopping Carvana could be the perfect dream that many drivers can realize. However, it's crucial to weigh the advantages and disadvantages of having a remote procedure. Advantages to Carvana The primary benefit of purchasing with Carvana is convenience. Because, yes, while the thought of having the vehicle right to your door is attractive, it's a great option for those who prefer to stay away from the typical purchasing experience. If you were to purchase your vehicle from an established dealership, you have done some research ahead of time online, speak with the salesperson, wander around the showroom and then take home a vehicle or visit again later. If you purchase with Carvana you are able to choose your vehicle early in the morning and get your new set of wheels by sundown that night. This is an important attraction for many motorists looking to purchase in the most straightforward way possible. Drawbacks of Carvana The most significant drawbacks drivers may be met with boil down to the inability of getting an authentic feel for the vehicle from pictures alone. While the warranty program means you can return the vehicle in case it's not the best fit for you 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 thing you can't get from pictures only is any exterior damage or how specific features work for you. While Carvana vehicles do undergo an inspection that is 150 points long but you can't have a complete understanding of a car unless you are present in person. Review of Carvana The reviews presented directly on Carvana's website Carvana site are primarily positive, with a score that is 4.7 out of five. Many reviews are focused on the "smooth and effortless" process. Other reviews praise the variety of vehicle costs and the speedy loan preapproval. This is in line with the things Carvana is known for and is the main draw for many customers. In the outside of Carvana universe, however there are drivers who had a less positive purchasing experience. Reviewers on Trustpilot have an average 3.7 score, which is less than the Carvana internal scores. Common complaints are drivers having to drive over 50 miles just 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 Similar to any other car purchase, the key to having the best vehicle experience is to do your research. Take your time when shopping and comparing automobiles. Look out for specific factors, like MPG and available tech, and check out for outside vehicle reviews. During the seven-day period after getting your car is a good idea to take the car to be inspected by an expert mechanic. In this way, you will be able to avail your Carvana return policy if the car isn't perfect. Should I purchase my next vehicle from Carvana? The main point is this If the thought of an auto dealer is stressful Avoid it and choose the contactless option which leaves you with a brand new set of wheels. If you're looking for the excitement associated with the best deal and need to sit in the driver's seat to determine if it's the right choice for you, then Carvana might not be the best choice for you.


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Written by Auto Loans Reporter

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



Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since the end of 2021. They are committed to helping readers gain confidence to take control of their finances through providing precise, well-researched and well-written facts that break down complicated topics into bite-sized pieces.






Auto loans editor




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