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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 decisions by offering interactive tools and financial calculators that provide original and objective content, by enabling you to conduct research and examine information for no cost and help you make financial decisions with confidence. Bankrate has partnerships with issuers, including but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money The deals that are advertised on this site are from companies who pay us. This compensation could affect how and where products are displayed on this site, including for instance, the order in which they may be displayed within the categories listed and other categories, unless prohibited by law. 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 publish, or the reviews you see on this site. We do not contain the entire universe of businesses or financial deals that may be available 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 ins and outs of securely taking out loans to buy a car.







Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since late 2021. They are passionate about helping readers feel confident to manage their finances through providing concise, well-researched, and well-organized information that breaks down otherwise complex topics into manageable bites.









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The company is working to simplify the process of purchasing an old vehicle by streamlining the process of the selling process for your car you've owned for years and how to sell it that is brand new to you. Since its inception in 2012, Carvana's mission has been to enable motorists to purchase their next vehicle from vending machines with the same ease you would expect to get the candy bar. Putting the kitsch of the gold coin and vending machine to one side, understanding if Carvana is the right choice for you is to consider what about the purchase of a car is most important to you. To get the best deal be aware of the entire process the way from researching to financing your vehicle to receiving the keys before you go to its online showroom. What should you expect when buying the car you want through Carvana Its Carvana second-hand car purchase process prides itself in a seamless process while encouraging personalization through its customer service. Carvana is currently fully online with only 34 vending machines across the U.S. Apart from vending machines, the company also provides delivery. The company's goal is "to ensure that you are provided with peace of assurance when purchasing your new ride." In the "about our company" section on the website declares that although Carvana sells cars, it does not have car salespeople. This approach separates the company from the traditional competition that may put pressure on staff. Additionally, it eliminates negotiations as well as face-to face communication, ideal for those looking to buy and drive without all the extra hassle. How do you buy a car with Carvana This process for buying a vehicle using Carvana can be done entirely online and -- according to the company's support center -- can be completed in just several steps. Prequalify for financing Before starting the process of buying a car It is best to make an application for a car loan via Carvana -- and at least two other lenders. This process lasts less than five minutes, according to Carvana it will give you a firm grasp on . Prequalification is a key element to be able to access. Fill in your personal details such as your contact details, employment status and annual income. Find a car with the price you can manage You can now look through the 25,000 vehicles availablewhich are all checked by Carfax or AutoCheck. Head to the "find an automobile" tab on the site and you'll be presented with choices in your region. There you can determine the cost you'd like to pay, the amount you want to pay for it, what model and make you want as well as the year and the mileage, type of body and features you want. If you have a specific car in mind, you can look up the vehicle to determine whether it is in your area. Explore the vehicle you choose Once you have decided on the vehicle you'd like to have, which will be held for 30 minutes, you can take a virtual tour of the interior and exterior of the vehicle by clicking on the "get started" tab. You can also gain a better understanding of the car's miles, specifications and available warranty. All Carvana vehicles include a 7-day money-back guarantee along with a 100-day warranty that is limited. Confirm your payment type The page also details the anticipated cost of the vehicle in both,"pay-once" as well as the "pay one time" as well as the "pay monthly" approach. The "pay at once" price considers the entire upfront cash cost of the vehicle, including shipping. If you choose to finance the vehicle, "pay monthly" will show your monthly cost 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 selected your vehicle and made a payment, you will be able to decide if you'd like to have the vehicle delivered directly to your home or if you want to take it home at any of 34 vending machines located across the country. 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 transport it to the drop-off point. Now you can drive away with your new car. The pros and pros and Carvana If your goal is to avoid in-person negotiation as well as shopping Carvana can be a wish that many drivers can realize. But still, it is important to weigh the benefits and disadvantages of having a remote transaction. Benefits of Carvana The main advantage of buying a car with Carvana is the convenience. Because, yes, while the novelty of ordering your vehicle to your door is attractive, it's an excellent option for those who wish to steer away from the typical car purchasing process altogether. If you bought your car from an established dealership, you would do some preliminary research on the internet, talk to the salesperson, wander through the parking lot, and possibly walk away with a vehicle or return a day later. If you purchase with Carvana you can decide on your vehicle in the morning, and possibly be able to have your new set wheels by sundown that night. This is an important benefit for many buyers looking to purchase in the easiest way imaginable. The drawbacks of Carvana The major drawbacks buyers may encounter boil down to the inability of getting a true feel for the car based on pictures alone. The warranty program does mean that you are able to return the car in case it's not the right fit, the return process can be frustrating. Contrary to what you can find on the lot, you will not be able to take the car for a drive before you sign off. Another thing you can't discern from images only is any exterior damage or how certain features work for you. While Carvana vehicles are subject to a 150-point inspection, you cannot experience the full-scale performance of a car unless you are in person. Reviews of Carvana These reviews posted directly on Carvana's website Carvana site are primarily positive, featuring a score that is 4.7 out of 5. Many reviews focus on the "smooth and effortless" process. Other reviews comment on the variety of vehicle prices and speedy loan preapproval. This reflects much of what Carvana takes pride in and remains the most popular choice for many drivers. In the outside of Carvana universe, however, there are some drivers who have had a negative purchasing experience. Reviews on Trustpilot have an average 3.7 score, which is less than Carvana's internal score. Common complaints include drivers having travel over 50 miles to pick up their vehicles and unhelpful customer service advocates. How can you ensure that you receive the most efficient vehicle using Carvana Like any other vehicle purchase, the key to getting the most efficient automobile experience is doing your research. Take your time when shopping and comparing the different available automobiles. Look out for specific factors like MPG, and other technological features, and look for reviews from outside sources. During the seven-day period after getting your car, it is wise to bring the vehicle in to be inspected by mechanics. This way, you can avail your Carvana return policy if the car isn't as perfect. Should I buy my next vehicle from Carvana? The main point is this If the thought of an auto dealer is stressful to you, then stay clear of it and go for the contactless approach that will leave you with a brand-new vehicle. But if you prefer the adrenaline rush which comes along with getting the most lucrative deal and need to sit in the driver's seat and see if it's the right for you, then Carvana might not be right for you.


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Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers to navigate the ins and outs of securely taking out loans to buy the car they want.



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 passionate about helping readers gain confidence to take control of their finances through providing precise, well-researched and well-written data that reduces complex subjects into digestible pieces.






Auto loans editor




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