How Does Carvana Work? Insider Tips for Buying and Selling a Used Car Online

Posted: 25 February 2022 11:13 am

woman driving a car

Sponsored by Carvana, This article is sponsored by Carvana, one of the nation's fastest growing online used car retailers. Carvana's mission is to change the way people buy and sell cars.
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    If you’re like me, you might dread the idea of buying or selling a car. It’s a significant purchase that you don’t make very often and usually doesn’t come with much transparency. Plus, it’s easy to feel like you’re at a disadvantage when dealing with a car salesperson who earns commissions for a living.

    Fortunately, there’s a better, modern way to buy or sell your used vehicle: Carvana. I’ve been intrigued by their clever TV commercials featuring tall car vending machines. And since I’m getting ready to help my mom sell a car, I wanted to learn more about how Carvana works.

    So, I had a great interview with Sarah Wyant on the Money Girl podcast. Sarah is the Assistant Director of Financial Planning & Analysis at Carvana and knows a ton about the right way to choose, finance, and sell cars.

    Our interview is full of expert tips about the best way to buy a used vehicle from the comfort of home. And spoiler alert: Finding your next car can not only be hassle-free, but you might actually enjoy shopping for a pre-owned vehicle on the Carvana platform!

    One of my favorite quotes from Sarah is, “Carvana doesn’t know if you’ve never bought a car before or judge you for being a woman … everybody gets a great deal.” Here are a few topics we cover in our interview:

    • Why it’s essential to use Carvana’s Auto Loan Calculator to know how much you can afford before shopping for a car.
    • How to prepare your finances for a car loan and apply without a hard inquiry on your credit reports.
    • Why Carvana shoppers save an average of $1,000 compared to buying a car at a traditional dealership.
    • How to know if purchasing a new or used car is better for your finances.
    • Smart tips to know if you should sell your vehicle outright or take a trade-in credit.
    • Why being an anonymous user on Carvana is incredibly fun, convenient, and empowering.
    • How to get a real offer to sell your car in minutes, even if you still owe money for it.

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