Besides, you may get qualified without a hard inquiry, and there's a generous seven-day return policy. So, if you're considering getting a used car, consider Carvana. Let's take a look at what it has to offer.
Carvana Financing Offers
If you're considering getting an auto loan from Carvana, start by completing a prequalification process. It is short and won't affect your credit scores. All you need to do is fill out a form, and you'll see the estimated financing terms.
Prequalification lasts for 45 days. After you fill out the form, you have a month and a half to browse through cars and find one that meets your needs.
Credit Score
All credit types are welcome at Carvana. There isn't a minimum credit score requirement, although you need to meet their age and income minimums. Also, their maximum loan term is 72 months.
Sell or Trade Old Cars
There's also an option of selling or trading in your car. There's a form to fill with the information about your vehicle, and the site will give you an estimate. If they accept your car, you may trade it for any of the models mentioned above.
Carvana Overview
APR | 3.90%-27.90% |
Minimum requirements | Min Income $10,000 / year |
Soft Credit Check | Yes |
Availability | 48 States |
Late Fees | Yes |