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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 goal is to help you make better financial decisions by offering interactive tools and financial calculators as well as publishing high-quality and impartial content, by enabling you to conduct research and compare information for free - so that you can make informed financial decisions. Bankrate has partnerships with issuers such as, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Profit The deals that are advertised on this website come from companies who pay us. This compensation may impact how and where products are displayed on the site, such as such things as the sequence in which they appear within the listing categories, except where prohibited by law for our mortgage or home equity products, as well as other home loan products. However, this compensation will affect the information we publish, or the reviews that you read on this site. We do not cover the universe of companies or financial offers that may be accessible to you.



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5 minutes read. Published October 06, 2022
Authored 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 borrowing money to purchase 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 passionate about helping readers to manage their finances with precise, well-researched and comprehensive data that simplifies complicated topics into bite-sized pieces.









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is working to upend the buying process for a used vehicle by streamlining the process of the process of selling your car you've owned for years and how to sell it that is brand new to you. Since its inception at the end of 2012, the goal of Carvana is to help drivers to get their next car through its vending machines with the same ease you would get from an ice cream bar. Setting the fun that comes with the gold coins and the vending machine aside, determining whether Carvana is right for you will require you to think about what aspects of the purchase of a car is most important to you. To get the best deal learn about the process all the way from research to vehicle financing to getting the keys before you go to the online showroom. What to expect when buying a car with Carvana The Carvana second-hand car purchase process is based on a smooth purchase, while providing personalization with its customer support. Carvana currently operates fully online with only 34 vending machines throughout the U.S. But, aside from 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 our company" section on the site states that , while Carvana sells cars, it does not have sales representatives for cars. This differentiates the business from traditional competitors that can add pressure from the employees. Additionally, it eliminates negotiations and face-to-face communications -- perfect for those who are looking to buy and drive without all the additional hassle. How to buy the car using Carvana It is possible to go through the process of purchasing a vehicle using Carvana is entirely online and -- according to the customer support department -- is completed in just several steps. Prequalify for financing Before starting the process of purchasing a car It is best to apply for an auto loan through Carvana -or at the very least, two other lenders. This process lasts under five minutes according to Carvana, will give you a firm grasp on . Prequalification is the first step to make. Fill in your personal details such as contact information, employment status and annual income. Find a car with the price you can be able to afford You can now look through the 25,000 cars available- all inspected by both Carfax as well as AutoCheck. Head to the "find a car" tab on the site and you will be presented with a variety of options in your area. There you can get specific on the price you'd like to pay, the method you want to pay for it, what model and make you want, year and mileage, body type and features you'd like. If you've got a specific vehicle in mind , check to see whether it is in your local area. Check out the car you like after deciding on the vehicle you'd like to have, which will be held until 30 minutes. You can virtually tour the interior and exterior of the car by clicking"get started" under the "get going" tab. This is where you will also be able to gain a better understanding of the mileage, vehicle specifications and warranty options. All Carvana automobiles include a 7-day money-back assurance, as well as a one-year warranty that is limited. Check your payment option. The page also details the estimated cost for the vehicle in both,"pay once" and "pay monthly. "pay once" and the "pay monthly" option. The "pay once" price considers the entire initial cash price of the vehicle, which includes shipping. If you decide for financing, "pay monthly" will show your monthly cost based on your initial prequalification number. If you're interested in financing, consider this alternative here. Pick pickup or delivery once you've chosen your car and confirmed payment you can decide if you'd like to have the vehicle delivered directly to your home or take it home at some of the 33 vending machines located across the nation. If you live near a vending machine , and choose this option, you'll be given a unique coin which when inserted will remove your vehicle off the tower, and then bring it to the drop-off point. Then you are free to drive off with your brand new vehicle. The 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 disadvantages of a completely remote transaction. Benefits of Carvana The primary advantage of buying a car with Carvana is the convenience. Because, yes, while the novelty of ordering the vehicle right to your door is attractive, it's a great option for those who wish to steer away from the typical purchasing experience. If you were to buy your car from an established dealership, you will conduct some research prior to the purchase online, meet with the salesperson, wander around the showroom and then walk away with a vehicle or come back another day. If you buy with Carvana you can choose your vehicle early in the morning, and possibly be able to have your new set wheels by the time it gets dark. This is a huge selling point for many drivers looking to purchase with the simplest method possible. Drawbacks of Carvana The most significant drawbacks buyers may encounter are due to the inability of getting an authentic feel for the car from just pictures. Although the warranty program states you can return the vehicle in case it's not the best fit for you but the process for returning the vehicle could be a hassle. Contrary to what you can find on the lot, you will not be allowed to take the vehicle to a test drive prior to signing off. Another thing you can't get from pictures alone is any exterior damage or the way certain features perform for you. While Carvana vehicles do undergo an inspection of 150 points, you cannot have a complete understanding 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 five. A majority of reviews praise the "smooth and hassle-free" process. Others comment on the large range of vehicle costs and the speedy loan preapproval. This is a lot of what Carvana is known for and is the main draw for many motorists. In the outside of Carvana universe, however there are some customers that had a more negative purchase experience. Reviewers on Trustpilot have an average 3.7 score, lower than the Carvana internal scores. Some examples of common complaints include drivers having to drive over 50 miles just to pick up their vehicles and ineffective customer service representatives. How can you ensure that you receive the most efficient vehicle using Carvana As with any vehicle purchase, the most important thing to ensuring you get the best car process possible is doing your research. Take your time when shopping and comparing the different available vehicles. Look out for specific factors like MPG, and other technology available, and then check out reviews from other vehicles. During the seven-day period after buying your car is a good idea to bring the vehicle in to get inspected by mechanics. This way, you'll be able to take advantage of Carvana's Carvana return policy in the event that the car isn't perfect. Should I purchase my next vehicle from Carvana? The most important thing to remember is: If the thought buying a car from a dealer causes anxiety, then avoid it altogether and opt for the contactless approach that will leave you with a new car. If you're looking for the thrill that comes with the best bargain and you're looking to get on the road to see whether it's the best choice 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 has a specialization in helping readers to navigate the details of using loans to buy an automobile.



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

Rhys has been writing and editing for Bankrate since late 2021. They are committed to helping readers gain confidence to control their finances with precise, well-researched and well-written information that breaks down complex subjects into digestible pieces.






Auto loans editor




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