Carvana is quickly earning a reputable position as one of the best places to buy used cars in the US. If you are planning to buy a used car, you might be thinking of getting it from Carvana. In order to do so, you are going to need a valid driver’s license. Hence, make sure you have one before you start shopping on Carvana.
Do you need a driver’s license for Carvana?
Carvana will not sell you a vehicle unless you can show them that you have a valid driving license. However, this isn’t usually a major issue as you need a valid driver’s license for vehicle registration anyway, in most of the states. Carvana pays a great deal of attention to documentation to ensure a hassle-free deal. For instance, they also carry out thorough inspections when buying cars from sellers and make sure that every car has a clean title.
What documents do you need for Carvana?
You need to prepare a number of documents before you purchase a used car from Carvana. As mentioned above, they are quite strict on this matter in order to prevent potential trouble in the future, both for themselves and their customers. Here are the documents that you are going to need:
- You’ll have to submit pictures of both sides of your trade title. All four corners of the document must stay within the frame.
- Carvana will also ask for a picture of your driver’s license. In case the title lists any other person, you need to submit their licenses too.
- If you are trading in an existing vehicle to buy the new one, you’ll have to share the current odometer reading from the car’s dashboard.
In case you are trading in a vehicle and you have a lien on it, Carvana will also ask for pictures of the following documents:
- Your vehicle’s registration card.
- The ten-day payoff statement of your car.
- Driver’s licenses of each person listed in the registration.
What if your car has negative equity?
In case the lien amount on a vehicle you are trading in exceeds the value at which Carvana appraised your vehicle, you need to go through some additional steps. The difference between the appraised value and the lien amount is your car’s negative equity. Get in touch with Carvana’s Customer Advocate team to discuss and get the exact negative equity amount first. Next, submit pictures of both sides of the certified check for the negative equity amount.
Is it hard to get approved for Carvana?
Carvana has a very good financing system, which is one of the factors behind their growing popularity among used car buyers. For instance, the minimum loan amount is much lower than other lenders out there, and Carvana also offers pre-qualification with a soft credit check. The soft check ensures that your loan with Carvana will not have an effect on your credit score.
Now the question arises about how hard or easy it is to get an approval for Carvana. Thankfully, they do not have any minimum credit score requirement. This is important to note, since it is very rare for lenders to not set a minimum credit score as eligibility criteria. However, Carvana does have couple of other criteria that you must meet:
- You must not be in bankruptcy.
- You should be earning at least USD 833 a month or USD 10,000 a year.
Hence, getting approval for Carvana financing isn’t too hard. Even if your credit score is poor, the chances of Carvana approving the loan are high as long as you meet the other requirements. However, do note that a better credit score will help reduce the interest rate on the loan.
Is Carvana Legit?
If you learned about Carvana only recently, you might be skeptical about the company’s legitimacy. After all, they are a relatively unique company in terms of the way they operate, with the whole process taking place online. Carvana offers fully tested and certified cars at surprisingly low prices, and even allows test drives if you pick up the car at one of their dealerships. All this might sound too good to be true and make one feel suspicious, as scammers tend to put up such generous offers too.
However, you may rest assured that Carvana is a 100% legit company, with a good track record. They do actually come up with great offers that will allow you to own a used car at a very affordable price. In case you are selling or trading in your car at Carvana, you can expect them to offer a generous price for it. In fact, car owners selling their vehicles on Carvana often get back more money than what they had actually spent to buy the car in the first place.
Another factor that makes Carvana legit is the effort they put into inspecting a car before they buy it. Any car you buy from them will likely be in great condition, at least considering the price you pay for it.
How Long Does Carvana Take To Approve?
Carvana usually approves purchases quite fast. In fact, they might approve it within minutes of you filling up the form, once they have conducted a soft credit check. Hence, it mostly depends on how long it takes you to fill up the form. As for selling a car on Carvana, it can take you up to 24 hours for them to approve it, provided that you have submitted the correct documentation.
In case you find that it’s taking too long for them to approve or respond, you may consider calling them to enquire. Check with them whether there are any problems with the documentation you submitted and request them to process your application quicker if the documents are fine.
Does Carvana clean car before delivery?
Carvana cares highly about customer experience and always goes an extra mile to make sure that they are selling a car in the most presentable condition. You may rest assured that not only will they clean the car, but they will also paint, polish, wax, and seal it. Hence, regardless of how clean the car was at the time the seller handed it over to Carvana, you will be receiving a well-cleaned car. Many buyers have also reported receiving a car that looked even better than the pictures in the listings.
As a side note, you might want to bear in mind that while Carvana is very thorough with the exterior of a car, you may have to clean up the interiors a bit. It’s not that the company doesn’t clean the interior at all – they do dust and vacuum it. However, there might still be a few stains and scuffs left that you’ll have to get rid of yourself.
Is it possible to rent cars from Carvana?
No, you cannot rent a car from Carvana as they do not offer any rental services. The company is exclusively a dealership specializing in buying and selling used cars. Carvana, however, is certainly one of the best choices for those who seek to purchase and own a car.
How will Carvana deliver the car?
If you live in one of Carvana’s local markets, they can deliver the car to your home on a truck, without any added charges. A transportation fee might be necessary if the distance is long enough. In case you live in one of their non-market regions, you can either pay a fee and have the car shipped by a third-party company, or visit a local market yourself to collect the car. In case you choose the latter option, Carvana will reimburse you up to USD 200 for a plane ticket.
Buying a car from Carvana is definitely a good choice, considering their reputation for generous deals and great services. It is also much safer than other used car marketplaces like Craigslist and Facebook Marketplace, as you do not have to worry about scammers. Carvana will put up a car in the listings only after acquiring it from the previous owner. If you like a deal you found on Carvana, feel free to go ahead with the purchase.