Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

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.

Carvana
Vroom used car financing

OVERVIEW

OVERVIEW
About the provider
About the providerGet pre-qualified for used car financing and receive competitive, personalized rates.Simple financing process — but no preapproval option.
Best for
Best forCarvana shoppers who have already compared other financing optionsBest for borrowers who want a streamlined finance process backed by banks.
Requirements
Requirements18+ years old, annual income of $4,000+, no active bankruptciesNot stated

LOAN DETAILS

(Amounts, rates, fees and more)

LOAN DETAILS

(Amounts, rates, fees and more)

Loan amount
Loan amountVariesVaries by lender
Turnaround time
Turnaround timeVariesNot stated
Loan term
Loan term12 months-72 monthsVaries
Minimum credit score
Minimum credit scoreNot statedNot stated
Maximum credit score
Maximum credit score850Not stated
APR3.9%-27.9%Varies
Rate type
Rate typeFixedFixed
Annual fee
Annual fee$0$599
Origination fee
Origination fee0%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.

Compare more providers

Name Product Filter Values Minimum credit score APR Loan term Requirements
PenFed Auto Loans
Varies
Starting at 1.04%
Up to 10 years
Active membership with PenFed
Low APR car loans from a well-known credit union.
Carvana
No minimum credit score
3.9% to 27.9%
Varies
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates.
car.Loan.com Car Loans
300
Varies by network lender
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
No minimum credit score
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
300
Varies
Varies
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
loading

Compare up to 4 providers

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site