Is Carvana a Good Way to Sell My Car?
From time to time, there will be a point in our lives that will lead us to sell our cars. From deciding whether to sell it to a private buyer or bargain with a car dealer, every seller’s dream is to have a smooth, positive, and, hassle-free sale transaction. The fastest, easiest, and convenient way to go for many is selling your car to a dealer or cash for cars as the last option. With so many reliable and competent car dealers in the industry, one of the well-known in the market is… Carvana. So is it a good way to sell my car to Carvana?
Founded in 2012, Carvana Co. is a unique, online used car retailer and is based in Tempe, Arizona. It is known for its multi-story car vending machines, which uses an actual Carvana coin to be inserted in their state-of-the-art car vending machine. According to Wikipedia, it was reported to be the fastest-growing car dealer in the United States in 2018. Over the years, Carvana had expanded to 25,000 wide selection of different units to help the customers choose the right vehicle. These had also helped them increase the number of units sold. The latest 2020 sales reports say that Carvana has suffered a big loss in the 1st quarter due to the pandemic crisis, but had an increased of 45.4% in revenue for the past month, according to digitalcommerce360.
In line with the Covid-19 pandemic, Carvana continues to soar due to its distinctive online platform of selling and buying used cars. This brings extremely convenience to customers who want to buy or sell used cars from different locations. Besides its wide range of inventory online, you can virtually view the vehicle with its 360-degree tour inside and out. Recently, Carvana receives $2.0 billion in financing commitments from Ally, a leading digital financial services company, in support of the safer way to buy a car. In line with this, they have introduced the “Touchless Delivery” system which was described by customers to be extremely helpful in uncertain times like this.
Carvana offers three services: you can sell your car, trade-in your car or buy a used car. Let us explore and learn more about the ups and downs of selling your car to Carvana.
What are your selling options?
You have two options in selling your car to Carvana. To trade-in or just simply sell it. We know that you are maybe wondering “How much is my car worth?” (You can check this on some online pricing guides like Kelley Blue Book, NADA Guides, etc.) One of the good things in selling your car to Carvana is that you will conveniently know their price offer through their website. Most customers say that they pay more than other car retailers which is an advantage. They will ask you to enter your Vehicle Identification Number (VIN), license plate number, the state where the vehicle is registered, and of course, a few details about your car. And in about a few minutes, you will receive their offer. Keep in mind that Carvana does not engage in negotiations or haggling. The amount that they will provide is final. It is what it is and the offer will stand for seven days.
The Process
Once you have decided to sell or trade-in your car to Carvana, you will have to upload images of:
current odometer reading
front and back of the title (including four corners)
your license or licenses of the individuals included in the title (should all be present at the time of the pick-up)
other documents they require (depending on ownership, liens, etc.)
After they reviewed your documents, you will receive a link on where to schedule the pick-up.
The Appraisal
On the day of the pick-up, a Carvana representative will inspect the vehicle as opposed to the information you advised. You must provide the most accurate details or information about your car as they will do certain background checks using your Vehicle Identification Number (VIN), license plates to check on your car’s history. Also, expect that they will test drive your vehicle. Some customers say that Carvana did not even test drive their car (a lot of good reviews on YouTube, by the way). If it all goes well, be prepared to say goodbye to your once well-cherished good old wheels.
The Payment
Once all the test drives and inspections are completed, they will let you sign the paperwork to finish the sale process. They will also pay you by check on the spot as per the agreed amount or offer. For cars that are still on loan, Carvana will provide a pre-printed check for the difference between their offer and your car loan.
For trade-ins, this is the part where they will hand you over the keys of your new vehicle together with its Bill of Sale. You can also test drive it. Carvana has a complimentary limited warranty that is valid for 100 days or 4,189 miles from the time of your purchase, whichever comes first. They also have a money-back guarantee and have a 7-day return policy. If in case, you did not like the new car for some reason, you can request an exchange or in some cases, get your old car back.
The Conclusion
Carvana’s mission is to change the way people buy cars. It makes it easier to trade or sell your used cars online in the comforts of your own home. They have designed an online system to make the selling process as smooth and convenient as possible. The pick-up process is also hassle-free as you do not need to bring your car to their facility. Though remember, their offer is fixed, they do not haggle and negotiate for the pricing. If you are looking for a fast, online setup, touchless delivery, Carvana is your way to go. You may also check Carvana reviews online to know what people say about Carvana.
A Similar Way to Sell your Car
Similar to Carvana is “Sell My Car in Chicago with Enrique for Cash”, one of the highest paying car buyers in Chicago. You can sell your car to us online, which means less face to face transactions, no dealing with salesmen, and no bringing of the car to a dealer’s office. All this, you can do in the comforts of your own home. You do not need to bring your vehicle to us as we will come to you. All you have to do is give us a call (224) 236-7010 or fill out our get a free quote section. We will then reach out to you via phone and give you an offer. We also do virtual consultations. If you agree to the offer, we will then set an appointment to inspect your vehicle. Lastly, we tow your car and take it from your place which makes the entire process hassle-free and effortless. Please know that we strictly follow CDC standards for you and our own safety due to the current Covid-19 pandemic situation. Sell your car in Chicago with Enrique for Cash has good reviews and recommendations in Yelp. Feel free to view it for reference. We hope we were able to provide a good take on what’s the best option in selling your used cars. Whichever road you choose, we wish you success and good experience in the selling process! ARE YOU NOW READY TO SELL YOUR CAR?
