For people who wish to sell their used cars at the best prices online in the fastest and smoothest way possible, Carvana is undoubtedly the best solution on the table. It’s a great platform for both buyers and sellers to exchange used cars online. “Carvana Sell my car on Carvana” is one of the most popular online search queries among vehicle sellers.
The icing on the cake, Carvana, is known more for its crazy digital innovations in the automotive retail space.
If you are new to online car selling and are wondering how to sell your car to Carvana, this blog will help you understand all the nitty-gritty of the platform. So, let’s begin!
What is Carvana?
Carvana Co. is an online used car retailer specializing in used cars, headquartered in Tempe, Arizona. Since its launch in 2012, Carvana has become one of the largest automotive marketplaces in the United States. Renowned for its distinctive multi-story glass tower car vending machines, Carvana offers access to over 55,000 vehicles across more than 300 markets nationwide. The company facilitates the buying, selling, trading, and financing of used cars exclusively.
In fact, Carvana sold over 400,000 vehicles organically in 2021. Research says by 2025, Carvana auto sales volume will grow by more than 700,000 units and will keep growing significantly over the next decade. The cherries on top are the well-designed website and app that make it the favorite place for buyers to browse and buy, giving access to millions of prospects in one go.
Features of Carvana Car Sales
Here are a few Carvana features you need to be familiar with before you start your online car-selling journey:
Carvana cover sale
Selling cars online is already hard, and getting instant cash offers on your used vehicles is even harder. But the good thing is that Carvana has you covered in that regard. You can get instant offers for cash for the vehicles you list for sale or Carvana trade ins. The offers would be based on different evaluating factors like your vehicle’s odometer reading, VIN, and a few other factors.
Trade-in options
Online Carvana car sales provide convenient trade-in options to online car sellers. You can search for the car via number plate or VIN and receive estimated trade-in quotes. Carvana will arrange for the pickup of your car if your trade-in is accepted. You can also use the surplus from the trade-ins to purchase another vehicle from their platform.
Financing a car
Carvana takes away the hassles of looking for finance options for online car buyers. People can opt for pre-qualified auto loans when purchasing from Carvana. They have to fill in an application and the Carvana will tell them the amounts of down payments and EMIs they would need to pay. This makes purchasing from the platform very easy, significantly increasing the chances of you selling your vehicle quickly.
The seven-day money-back guarantee
Carvana allows buyers to return cars within seven days of purchasing them. Within those seven days, purchased cars are allowed to travel up to 400 miles and can be returned for any reason. For every additional mile, Carvana charges $1.00 from the buyer. Also, buyers can exchange up to two times only. The third vehicle won’t have any return favors attached and cannot be exchanged on acceptance.
Editor’s note: In all honesty, these offers make me want to sell my car on Carvana too! Only when the time comes, of course.
Limited Warranty
Carvana offers a warranty period that is valid for 4,189 miles or 100 days, whichever comes earlier. The warranty covers basic and powertrain components, and it protects vehicles against mechanical and electrical damage.
Benefits of Selling Cars on Carvana
It is easier to sell your car on Carvana than selling it to a traditional dealer, and it’s faster than pawning it off privately. That’s because you’re selling your car to Carvana and not directly to a buyer. You should always consider it on the table if your goal is to:
- Sell your car in the shortest time possible without any headaches, while still finding a good price.
- Escape the hassles of traditional Car Dealerships no need to haggle!
Apart from this, here are a few more reasons why you should always have Carvana on your list:
More dollars
Carvana ensures that you get good offers for your listings. If your car is in good condition and doesn’t have much wear and tear, you can expect a resale value that matches or exceeds the market standards.
Frictionless car dropoff
Just fill out a form to drop off your car at Carvana’s location, and their team will pay you for a cab ride back home.
Easy car inspection
The company’s team will inspect your car at the drop-off. They will check if your car is in drivable condition with fully inflated tires and has good working order.
Flexibility in offers
Carvana offers you seven days to accept an offer or 1000 miles after putting in an offer. If you need more time, you can reach out to the company’s representatives and explain your needs.
How Does Carvana Work?
Carvana works as an internet-based secondhand car shop. The goal is to tidy up the usual car dealership process by conducting most operations online. Let’s understand how Carvana works when selling a car. Here’s a digest about its process for buying and selling:
Buying a car through Carvana
1) View a wide array of used cars on their website.
2) Receive a preliminary approval for financing from Carvana or a different lender.
3) Select your preferred car and finalize your order, including any upfront payments and shipping charges.
4) Arrange a delivery or pick-up time for your car. Carvana provides home delivery or collection from one of the their auto-dispensing machines (at certain sites).
5) Carvana offers a 7-day return policy. Test drive the car up to 400 miles for free. If you’re not satisfied, return it. Make sure you bear any delivery charges, if there are any.
With Carvana sell a car
1) Enter your car’s details on Carvana’s website, don’t forget the VIN.
2) An instant offer will pop up on your screen. It’s valid for a week.
3) If you like the offer, prepare to say goodbye to your car. Set a pick-up time or just drop it off. This all depends on where you live.
4) Once they check your car over and all details check out, you get paid immediately!
How do I Get a Quote from Carvana?
Now, that you understand the benefits of Carvana, let’s see how to sell your vehicles on the platform. You’ll have to get a quote from the company, and if you find the offer appropriate, then proceed with the sale. Here’s a five-step process to get a quote from Carvana.
Step 1: Research the prices
Understand the platform first. Learn more about how Carvana judges and views vehicles before listing them and how they price them. It’s possible that the number offered by the company doesn’t match your expectations.
The best way is to check a car value evaluator on Kelley Blue Book or other platforms, to determine the fair market value of your vehicle. This will let you know if the price offered by Carvana is accurate or undervalued.
Step 2: Evaluating your car for sale
Carvana’s strive for more vehicles from dealers doesn’t mean it will buy anything or everything. You need to check that your car:
- Isn’t older than the model year 1992
- Has working odometers
- Runs properly
- Is not a junk car
- Is not wrecked
If your car doesn’t meet these parameters, Carvana isn’t the platform for you.
Step 3: Preparing your car for sale
Carvana would ask a series of questions when you apply for a sell/trade option. So, it’s better to be prepared with the answers and documents beforehand. The questions will inquire about:
- Make
- Model
- Mileage
- Trim
- Color
- Engine
- Drivetrain
Apart from this, you would also be asked to show if you have any ongoing outstanding payments for the car. Carvana would assess all these elements before quoting a price.
What documents does Carvana require?
You’ll need the following:
- Picture of the odometer reading
- Trade title – front and back images
- Driver’s license of all the members in the title
- Photo of car’s 10-day pay-off statements (if any outstanding payments remain)
- Current registration
- Photo of the cheque for the amount of the car loan (If there’s any outstanding car loan) – front and back
Step 4: Applying for sale on Carvana
Once you are sure of your car’s market value and condition, open the Carvana website or app. Click on the option SELL/TRADE option. Now enter your car’s Vehicle Identification Number (VIN) and license plate number.
Answer the series of questions on the screen and provide more insights and details about the car you are going to sell. Don’t forget to mention the specifics of the vehicle like leather seats or electric windows, etc. This will help Carvana appraisers accurately assess your car.
Step 5: Getting a quote
Once you fill in their questionnaire (which Carvana claims to be just two minutes long), you can sit back and wait for Carvana to send you a quote for your vehicle. It usually takes just 15 minutes to receive a quote. Remember that the information mentioned in step 3, coupled with market demand for the car, will play a prime determinant in the price you see on the offer.
Do you have anything upfront with Carvana?
Carvana charges for taxes, MVAs, and registration, but then they are all included in the offered price.
How to Sell a Car on Carvana?
Selling a car on Carvana is super easy just like a piece of cake. They offer a real offer for up to 7 days. Let’s understand how to sell a car on Carvana with step by step guide:
1) First, Carvana’s team checks your ownership, vehicle details, and loan or lease info.
2) After their review, you can pick how you want to get paid.
3) Then, tell them when and where to pick up your car.
4) At pickup, they finalize the sale quickly and make sure you are paid immediately.
This streamlined process ensures a hassle-free experience when selling your car through Carvana.
Best Tips & Tricks To Sell Or Trade In Cars On Carvana
Now that we’ve answered your “how to sell on Carvana” query, let us give you a few more tips and tricks to make sure that you are leveraging everything to your benefit.
Selling your car outright
If you don’t have time to wait for Carvana to come for pick up and spend more time in Vehicle Inspection, you can directly take your car to the Carvana vending machine. The reps at the location will inspect your car and transfer funds right then and there.
Trading in your vehicle
Carvana also offers a Carvana trade-in process for your vehicle in exchange for a purchase. Carvana will deduct the value of the trade-in from the cost of purchasing a vehicle, ensuring that only the lower amount moves out of your pocket. You will find a seven-day window to decide which car you want to purchase in exchange for your vehicle.
Once you have picked up your car, Carvana does all the hard work for you; It will deliver your newly purchased car to your doorstep while picking up your old one.
Seamless transactions
Before beginning the sale, you might wonder: “Will Carvana buy my car without any problems?”
Worry now! The entire selling/trading-in process with Carvana is seamless. While you complete the main formalities online, you can reach out to their hubs or towers at any time to drop off and get your automobile inspected, instead of waiting for their reps to contact you. Also, the transaction is completed in no time after that!
Final Word
Hope this blog gives you a complete understanding of Carvana’s works. Now, stop wondering how to Sell My Car in Carvana and do it! and find answers to ‘how does Carvana work.’ While we talk about seamless selling experiences and preparing your car for sale, there’s one more thing that can help create a significant impact on Carvana’s appraisal process: high-quality images. Even though their reps will inspect your car thoroughly, you should send them the best car pictures to increase the chances of approval.
And guess what? You can do it very easily at lightning speed with the help of state-of-the-art AI cataloging platforms like Spyne. All that you need to do is to download the app on your smartphone, follow the on-screen guide, capture the images, apply the appropriate edits, and upload them. As simple as that!
Still, have any questions? Or want to know how Spyne can help you sell your car? Reach out to us now.
