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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 smarter financial decisions by offering interactive tools and financial calculators that provide original and objective content. This allows you to conduct your own research and compare data for free to help you 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 Make Money The deals that are advertised on this site are from companies who pay us. This compensation can affect the way and where products are displayed on this website, for example, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage home equity, mortgage and other products for home loans. This compensation, however, does affect the content we publish or the reviews that you read on this site. We do not contain the vast array of companies or financial offers that may be available to you.
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5 min read Published on October 6, 2022.
Writen by Rebecca Betterton 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 borrowing money to purchase the car they want.
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 feel confident to take control of their finances by providing precise, well-researched and comprehensive facts that break down complex topics into manageable bites.
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is working to upend the process of purchasing an used car by streamlining the selling process for your current car and the one that’s new to you. Since its beginning in 2012, Carvana’s mission is to allow users to obtain their next car through its vending machines with the same ease that you would expect to get the candy bar. Setting the fun of the gold coin and vending machines aside, knowing if Carvana is right for you requires 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 the way from researching to financing your vehicle to receiving the keys prior to heading to the online showroom. What can you expect when purchasing the car you want with Carvana Its Carvana utilized car purchasing process prides itself in a seamless process while encouraging personalization through the 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 goal of the company is “to make sure that you have peace of mind with regards to your new car.” Its “about us” section of the website states that while Carvana sells cars, it does not have car salespeople. This is a distinct approach to differentiate the company from the traditional competition that may put pressure on employees. Furthermore, it cuts out negotiation and face-to-face communications — perfect for those who are seeking to purchase and drive their vehicle without any additional hassle. What is the best way to purchase a car with Carvana It is possible to go through the process of purchasing the vehicle with Carvana is entirely online and — according to the help desk — is done simply in only several steps. Prequalify for financing Before starting the car shopping process, it is wise to apply for auto loan via Carvana -or at the very least, two additional lenders. This process is under five minutes according to Carvana it will give you a firm grasp on . Prequalification is the first step in available to you. Simply fill out personal information such as your contact details as well as your employment status and income. Shop for a vehicle With the price you can afford in mind, you can now browse the 25,000 cars available- all inspected by both Carfax or AutoCheck. Go to the “find an automobile” section on the website and you will be presented with available alternatives in your local area. There you can determine the cost you want to pay, the amount you’d like to pay for it 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 , search to see if it is available in your local area. Check out the car you like After setting your sights on the vehicle you’d like to have and being held until 30 minutes. You are able to explore the exterior and interior of the car by clicking”get started” under the “get started” tab. Here you can also get a better idea of the vehicle’s mileage, specifications and available warranty. All Carvana cars are covered by a seven-day cash-back guarantee along with a 100-day guarantee. Verify your payment method This page also provides the expected cost for the car, both in the “pay once” or “pay monthly” method. The “pay one time” price considers the entire upfront cash cost of the vehicle, shipping included. If you choose for financing, “pay monthly” will reveal your monthly price based on your initial prequalification number. If you’re looking to finance the vehicle, you can also explore this alternative here. Choose delivery or pickup 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 take it to one of the 34 vending machines across the country. If you are close to a vending machine and select this option, you will receive a personalized coin that after inserting it will free it from the car tower and bring it to the drop-off point. Then you are free to drive off with your brand new vehicle. Pros and cons of Carvana If your goal is to avoid in-person negotiation as well as shopping Carvana can be a wish that many drivers can realize. However, it’s essential to weigh the advantages and disadvantages of having a remote procedure. The advantages of Carvana The most significant reason to buy a car through Carvana is the convenience. Because, yes, while the novelty of ordering the vehicle right to your door is appealing, it is a great option for those who prefer to stay clear of the traditional car buying experience altogether. If you bought your vehicle from a traditional dealership you likely would do some research ahead of time online, speak with a salesperson, walk around the lot and potentially walk away with a vehicle or visit again later. If you decide to purchase through Carvana you are able to choose your vehicle in the morning, and possibly get your new set of wheels by sundown that night. This is a major attraction for many motorists who want to buy in the most straightforward way possible. Drawbacks of Carvana The most significant drawbacks customers might face boil down to the inability to gain a true feel for the car from just pictures. Although the warranty program states you can return the vehicle in case it’s not the ideal fit, the return process could be a hassle. In contrast to the dealership, you will not be allowed to take the vehicle for a drive before you sign off. Another thing you can’t discern from images only is any exterior damage or the way certain features perform for you. Although Carvana vehicles are subject to an inspection of 150 points however, it is impossible to have a complete understanding of the car without being in the car. Review of Carvana The reviews presented directly on the Carvana site are generally positive, with a score of 4.7 out of 5. Many reviews focus on the “smooth and easy” process. Other reviews comment on the large range of vehicle prices and speedy loan preapproval. This is a lot of what Carvana prides itself on and remains the most popular choice for many customers. Outside of the Carvana universe, however, there are some drivers who have had a negative purchase experience. The reviews on Trustpilot have an average 3.7 score, which is less than Carvana’s internal score. Common complaints are drivers having to commute over 50 miles to get their cars and unhelpful customer service reps. How can you ensure that you receive the most efficient vehicle using Carvana Similar to any other car purchase, the most important thing to ensuring you get the best vehicle experience is to do your doing your research. Take your time when shopping and comparing 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 purchasing your vehicle, it is wise to take it to a mechanic. This way, you’ll be able to take advantage of your Carvana return policy if you feel the vehicle isn’t in good condition. Should I buy my next car from Carvana? The bottom line is this If the thought of buying a car from a dealer causes anxiety Avoid it and choose the contactless approach that will just leave you with a new set of wheels. But if you prefer the adrenaline rush that comes with the best bargain and you’re looking to get in the driver’s seat to see whether the car is the perfect choice for you, then Carvana might not be right 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 with the details of using 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 gain the confidence to manage their finances with clear, well-researched information that breaks down complex topics into manageable bites.
Auto loans editor
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