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Is Carvana a good way to sell your car?
I want to sell my car, but I don’t want to go through the hassle of posting online and negotiating. I was thinking about using Carvana—is it a good idea to sell a car on Carvana?
Jason Tushinski · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Actually, Carvana can be a great way to sell your car! It is simple, quick, and a financially beneficial process if you’re looking to offload your vehicle. Here’s why selling to Carvana could be worth your while.
- They pay top-dollar: If you sell your car to Carvana, you’ll likely get a very good offer based on your car’s make and condition. Why? As a public company reporting to shareholders, and one that is intent on growth, Carvana wants to buy lots of cars—including yours. So if everything checks out, they’ll pay you what your car is worth, and not a dollar less.
- An offer is an offer: Once Carvana agrees to buy your car, their offer stands for 7 days and 1000 miles. Carvana also has a reputation for flexibility—talk to your Carvana rep if you need more time before selling your car. They’ll likely be accommodating to your needs.
- How long does it take?: From filling out Carvana’s online form to dropping your car off to a Carvana location, this should take less than an hour. Dropping your car off takes about 20 minutes, and then Carvana pays for an Uber or Lyft ride to take you back home!
- Will Carvana inspect the car?: Your car will be inspected at drop-off. The battery should be in good working order, the car should be in drivable condition, and your tires should be fully inflated.
- What about negative equity?: This is no deal breaker. If you owe more on your loan than the car is worth, Carvana requires a bank check for the difference between its offer and the amount of money left on your loan. Take a picture of this check, and bring it with you when you drop the car off.
Carvana has proven to be a safe, easy, and fast way to sell your car—and it should net you top-dollar for your old ride, too.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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