For each of these offers redeemed, the referrer (AKA you) also gets $100. Carvana promises to offer lower prices on well-maintained used vehicles by cutting dealerships out of the car-buying process. Every Carvana-sold car not only includes their 7-Day Money Back Guarantee but also includes a 100-Day Limited Warranty (valid for 100 days or 4,189 miles). In the end, we ended up choosing a 48-month financing option (with a down payment) and managed a 4% APR. In the same vein, while I was pleased with the price we paid for the car and the amount we got for our trade-in, I could see how a seasoned car buyer fluent in negotiation might prefer a traditional dealership experience. You’ll just need to indicate whether you want to trade in your old vehicle, pay cash or finance. Certainly a unique way of buying a car, but how about the price? If that’s some distance, Carvana offers a “Fly and Drive” option. © 2020 Clark Howard Inc. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. In addition to viewing the look of the car, Carvana also provides a link to the CarFax report as well as the 150-point inspection they perform. How Do You Sell a Car Through Carvana? Even before you enter your information in Carvana, you can get an idea of what your monthly payments will look like by using the tool at the bottom of the listing. If you’re buying, Carvana will deliver your purchase to your front door. 5% rated Carvana average by giving them 3 Stars out of 5 stars, whereas 6% of the number said that … If Carvana does make an offer and you accept, someone will come to you for an on-site inspection of your vehicle. I assume that, had there been a problem with the car’s condition versus what we said it was, they’d be sure to let us know. Then it was our turn to get behind the wheel. Lastly, another extra item we received with our purchase was a Carvana Referral Kit. This was accompanied by a car-shaped stress ball of sorts and a Carvana pen. However, when you break things down, it’s really not all that complicated. With Carvana, you can buy or sell a used vehicle from the comfort of your home on your computer or smartphone with no haggling involved. Just for fun, I thought I’d mention some of the “swag” we received as part of our purchase. This part of the process was also when we learned that we wouldn’t need to head to the DMV to register our car. In fact, you can start saving for retirement with just a few dollars and grow it into something much more sustainable by the time you retire. I do have to say that, climbing into the car for the first time, I felt like I was already familiar with it given how many times I viewed the listing. In my experience, the only communication from Carvana was a couple of emails checking to see if I was still interested in a particular vehicle I had looked at. That landed them the number eight spot on the publication’s “list of the top 100 retailers based in the U.S. ranked by used-vehicle retail sales.” Carvana is also publically traded on the New York Stock Exchange under the ticker symbol $CVNA. Meanwhile, although the Carvana site includes a couple of countdowns until our warranty is up and when our registration should be complete, it doesn’t have all of the functionality that the app does. You’ll need to provide your name, email address, phone number, and ZIP code. Before bothering with the paperwork and sealing the deal on the purchase, we had the opportunity to give the car a proper test drive. From there, you’ll be asked to provide details like: If Carvana wants your car, you’ll get an instant cash offer that’s good for seven days. However, perhaps one of the biggest money milestones is having the means to be generous. In this article, we’ll look at how Carvana works and what the process is for buying and selling cars. In terms of pricing, we were happy with what Carvana offered and it fell in in line what Kelley Blue Book said we could fetch. If it passes, they’ll cut you a check then and there. I say this only because they took our 2010 Ford Focus without any hassle. From there, buyers have seven days to return the car under the site’s Money Back Guarantee, allowing you to not only test drive the car, but also get it inspected by a trusted mechanic if you so choose.