Carvana is a new kind of online used-car retailer that makes buying a vehicle easier and more convenient. It allows customers to shop for cars from home, find financing, and schedule delivery or pickup online, eliminating the need to visit a traditional dealership.
The company offers a wide selection of used cars from more than 40,000 different manufacturers and brands, all with filters to narrow down your search. Once you’ve narrowed down your choices, Carvana can help you find a car with your desired features, price range, and warranty.
In addition to helping you choose a car that meets your needs, the website also helps you get prequalified for financing. This way, you can avoid a credit pull that could negatively impact your score and save money in the long run.
If you have bad credit or a low credit score, Carvana can help you get auto financing with flexible terms and no minimum credit score requirements. The company also offers free credit checks, which can give you an idea of your credit history and how much you may be able to borrow from Carvana.
You can buy a used or certified pre-owned vehicle from Carvana for a fixed price. The company takes care of everything, from identifying and inspecting the vehicle to financing it and offering a warranty.
The company’s selection includes a wide range of make and model options, with the ability to filter by specific features like price, mileage, and color. It also offers an in-house 150-point inspection, a seven-day money-back guarantee, and a 100-day or 4,189-mile limited warranty.
In addition to making it easy to compare prices, Carvana also provides a wide range of research tools, including Kelley Blue Book valuations and Carfax reports that can provide buyers with a thorough understanding of the car’s history. Buyers can also view a car’s condition and how well it performs on the road through its in-house 150-point inspection.
It doesn’t employ salespeople, which is a major advantage for those who want a no-pressure, no-stress shopping experience. However, this can put extra pressure on the company’s employees and may lead to a less-than-favorable work environment for some people.
Some consumers might be turned off by the lack of physical inspection, which is why Carvana offers a seven-day “love it or return it” policy to help you decide if the deal is right for you. This option can be a huge benefit for those who like to know they’re getting a high-quality vehicle and don’t want to worry about finding one with problems later on.
Another unique feature of Carvana is its “vending machine” delivery system, which lets buyers pick up their cars from 24-glass towers throughout the US by inserting a giant coin into the machine’s slot. This is a fun alternative to picking up your car at a dealership, and it’s a great experience for kids who like the novelty of the vending machine.
Carvana’s unique business model has drawn attention from both consumers and critics. Some believe the company’s business model is overly expensive, and that it’s not sustainable in a normalizing used-car market. Others think that the company’s reliance on loans from banks has created too much debt and could result in bankruptcy down the line. Nevertheless, it is still a popular choice for those looking to purchase a new or used car without the stress of negotiating with salespeople and putting down a large deposit.
