Financing with Carvana makes it even easier to get into the car that’s right for you. By pre-qualifying for a Carvana auto loan, you can browse our expansive inventory of vehicles with completely personalized financing terms without impacting your credit score.Get Pre-qualified
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Complete a short, two-minute form and get terms instantly without impacting your credit score.
Receive real, competitive rates that are valid for 45 days.
Get financing terms that are completely personalized to you, enabling an informed search for your next vehicle.
During the purchase process, you will be asked to provide the name of your bank or credit union, the amount of your loan, and your loan officer’s name and contact information, if applicable. We recommend that you are already approved or pre-approved with your lender before starting the online purchase process.
Once you complete the purchase process and schedule for delivery, our underwriting team will provide you the necessary documents to forward to your bank or loan officer to finalize your loan. Please note that your loan must be funded and we will need to verify the method of payment with your financial institution before we can confirm your delivery or pickup.
Carvana works with all types of credit! Our minimum requirements to obtain financing are as follows: you are at least 18 years old, make at least $10,000 in yearly income, and have no active bankruptcies. After filling out a financing application, which can be done here, you will see your personalized financing terms under the picture of each vehicle. This will show you the monthly payment, minimum required down payment, and your APR. These terms are valid for 45 days. If Carvana financing isn’t the way you want to go, we do work with most third party lenders as well.
At Carvana, we believe you should not have to take a hit to your credit score to see your financing terms. Finding out your pre-qualification terms will generate a soft credit inquiry, which is visible only to you and does not affect your credit score. These terms are personalized for you based on the information you provide. We offer our best terms up front so you have all the information you need to make an informed decision. Once you select your vehicle and decide to move forward with Carvana financing, you will complete and submit your official loan application. After the submission of your official loan application, a hard credit inquiry will be made which may affect your credit score. As long as the initial information provided in your pre-qualification can be verified as accurate by our Underwriting Team, there should not be any changes to your terms. If you have not yet viewed your pre-qualification terms, click here.
Once you fill out the initial financing application on our website, your personalized financing terms will be valid for 45 days. The only reasons these terms would change during those 45 days is if you update your personal information or if our Underwriting Team is unable to verify the information you provided. The underwriting process begins once your order has been placed.
Your Carvana Financing terms are based on your credit history, yearly income, and the price of the vehicle you’re looking at. Since vehicle price is a factor, you will notice that your terms will vary depending on the price of the vehicle.
You are absolutely able to pay more than your required monthly payment. There is no penalty for paying off the loan early, and you will save on interest charges by doing so.Levi's Pullover Pullover Boutique Boutique Boutique Sweater Levi's Boutique Levi's Levi's Pullover Sweater Pullover Sweater I4qPHcw1
Our primary goal at Carvana is to set you up for success in your loan. Your lowest possible down payment will vary depending on the vehicle you choose. You can also trade-in your current vehicle to help lower your down payment.
If you are in one of our local markets, the down payment is due on delivery/pick-up day once you’ve had a chance to check out your car and tell us you want to accept it for your 7-day Money Back Guarantee. If you are outside our local delivery zones, the down payment will be due once your purchase is verified by our Underwriting Team and prior to transporting your vehicle. We will ask you for verbal authorization before we initiate the ACH transaction.
The down payment must be paid in full. We process your down payment as one ACH transaction directly from your checking or savings account.
Your first monthly payment is due 30 days after you receive your vehicle. Typically, around the 10th day, our loan servicer, Bridgecrest, will reach out to you to welcome you and inform you how to set up and make your monthly payments.
Carvana financing only offers single-buyer loans, so we do not have the option to co-sign. However, we do accept third-party financing if you decide to co-sign for a loan with your own bank or credit union. Keep in mind, we do work with most third parties, with exceptions including but not limited to Capital One, Road Loans and Car Finance Capital.
At this time, Carvana Financing can only be used for our own inventory. With thousands of vehicles in our inventory, and hundreds more added every week, we are confident in the quality selection we offer.
Printed Tee Neck Round Sleeve Letter Short SORRY We do not accept credit card payments. However, there are a couple of different ways to pay the down payment: either ACH withdrawal from your checking or savings account, a cashier’s check, or a money order. ACH withdrawal is the most common, and the website will ask you for your account information at the end of the purchase process. Keep in mind, for local markets, no funds will be withdrawn prior to your delivery/pick-up. With direct markets (outside our local delivery zones), we will ask for verbal permission before submitting for funds.
Your down payment is based on the results of your Carvana Financing application and is based on your credit history, yearly income, and the price of the vehicle. Some options to lower your down payment include: