Carvana
Carvana is an exclusively-online dealership. In the last few years, it's gained notoriety as a one-stop-app for researching, comparing and financing vehicles all online.
Carvana sells used and new cars, and you can trade in your vehicle as well. With an account, you can “favorite” cars for quick comparison and get an estimate for your trade-in. Each vehicle is photographed multiple times — exterior and cabin — and any imperfections are clearly noted. After you complete a purchase, you can track your delivery, get recall notifications and make monthly payments all through the app.
Carvana's financing options are decent, though it features a very high maximum rate at a staggering 27.9%. However, the income requirements are very low, only requiring $4,000 of annual income.
Loan amount | Not stated |
---|---|
APR | 3.9% to 27.9% |
Minimum credit score | No minimum credit score |