Carvana accepts auto loans from most third party lenders. If you receive better terms with a local bank or credit union, you can apply that loan to your Carvana purchase.
Can you use your own financing with Carvana?
Carvana accepts auto loans from most third party lenders. If you receive better terms with a local bank or credit union, you can apply that loan to your Carvana purchase.
Is it hard to get financed through Carvana?
Get a approved online in just 2 minutes. 99% of customers who apply get approved and your terms are good for 45 days. There’s no impact to your credit and you can see your actual down payment and monthly payment on all vehicles in our inventory.
Can you swap cars with Carvana?
At Carvana, the benefits of trading-in include a simplified transaction where we swap your old car and new car in one easy 15 minute appointment. To get started, simply answer a few questions to receive an offer on your existing car.
Can you finance a car outside of Carvana? – Related Questions
Will CarMax buy my car if I still owe money on it?
Will CarMax buy my car if I owe on it? Yes. You’ll need to provide loan information so CarMax can pay off the lender. If you owe more than your offer, you will need to cover the difference.
How can I get rid of my financed car?
Pay off the car
The best way to get rid of a car loan is to pay off the balance of the loan. Check with your lender to see if a prepayment penalty will apply. If not, you can make extra principal payments to pay off the loan balance early. Then you will own the car outright and can keep it, sell it or trade it in.
How many times can you swap cars with Carvana?
You can exchange up to two times to receive a total of 3 vehicles. However, the third vehicle received will NOT come with our 7-Day Money Back Guarantee, and cannot be exchanged or returned once accepted.
Can Carvana change their offer after accepting?
Will the trade-in offer I receive from Carvana change? The trade-in offer you receive from Carvana is valid for 7 days. The offer will not change as long as the information you entered was accurate. Learn more about how trading in and selling works at Carvana.
Can Carvana reject my trade in?
Are there any requirements my trade-in must meet to be accepted? Yes. Carvana will accept your vehicle if it is newer than 1992, the odometer is in working condition, and we are able to safely perform a test drive. We’ll also accept vehicles where registration is expired (except for California).
Can Carvana return your trade in?
If you return your Carvana vehicle and had traded in a car to us, we will return your trade-in to you. Please note we only keep your trade-in vehicle during your first 7-Day Money Back Guarantee. If you opt to swap into a different Carvana vehicle, we do not keep your trade-in vehicle past the initial 7 days.
What is better CarMax or Carvana?
Which Is Better: Carvana or CarMax? Carvana is a better option if you look for convenience and ease of use in your purchases and trades. On the other hand, CarMax is ideal for people who want to test drive the car beforehand and who do not mind going to their nearest CarMax location to do it.
How many miles is a Carvana offer good for?
Your real offer is valid for 7 days or the next 1000 miles. They allow 1000 miles to account for driving during the 7 days and any travel miles to drive to the nearest Carvana Vending Machine.
How does Carvana verify income?
You can upload your 3 most recent, consecutive months of bank statements for your proof of income or address verification. We may also look at bank statements as part of your employment verification. Some customers may be required to upload additional income documents when placing an order.
How long does Carvana approval take?
This usually takes 24-48 hours. Rest assured, we’re reviewing so we can provide you with the best offer for your vehicle, and we’ll reach out to you if there’s anything else we need from you to get you your offer!
Does Carvana require proof of insurance?
You’re required to show proof of insurance to receive your car. This applies to all purchases regardless of state. Depending on your location, Carvana may require proof of insurance prior to delivering your vehicle. A Carvana advocate will let you know if this applies to you.