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Vroom vs. Carvana

Online used car shopping made easy — but Carvana wins on transparency.

While Carvana and Vroom offer similar products on the surface, it’s difficult to compare the two — largely because Vroom isn’t upfront about the cost of its loans. A Vroom representative quoted us a slightly lower APR than Carvana when we called, but it will depend on the bank you receive financing from and your credit.

Loan terms also aren’t clear with Vroom. You won’t know the terms of your loan until after you apply. And because Vroom does a hard credit check, you won’t be able to compare it with other lenders before you submit a full application.

Carvana is much more upfront about the terms of its loans and the cost of borrowing. It also receives much higher ratings than Vroom. When you’re dealing with an online car buying service, reports of positive customer service and clean vehicles are a big plus.

Vroom used car financing


About the provider
About the provider Simple financing process — but no preapproval option.
Best for
Best for Best for borrowers who want a streamlined finance process backed by banks.
Requirements Not stated Not stated


(Amounts, rates, fees and more)


(Amounts, rates, fees and more)

Loan amount
Loan amount Not stated Varies by lender
Turnaround time
Turnaround time Not stated Not stated
Loan term
Loan term Not stated Varies
Minimum credit score
Minimum credit score Not stated Not stated
Maximum credit score
Maximum credit score Not stated Not stated
APR Not stated Varies
Rate type
Rate type Not stated Fixed
Annual fee
Annual fee Not stated $599
Origination fee
Origination fee Not stated Not stated
Learn more
Learn more

Bottom line

Like Carvana, Vroom offers a seven-day return period. But its test drive mileage is much lower. Beyond that, Vroom falls short in a variety of ways. It isn’t transparent about costs, it doesn’t receive good customer reviews and it requires a hard credit check just to see rates.

On the surface, they’re about equal. But if you want an established car-buying service, Carvana is likely the better choice.

Whichever option you choose, compare more car loans so you know exactly how much car you can afford.

1 - 3 of 3
Name Product Filter Values Minimum credit score APR Loan term Requirements
PenFed Auto Loans
Starting at 5.19%
3 to 7 years
Active membership with PenFed
One of the largest national credit unions in the U.S., it offers new and used auto financing with transparent low rates.
Varies depending on the lender
3 to 6 years
Varies depending on the lender
No minimum credit score
3.9% to 27.9%
1 to 6 years
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates.

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