Carvana Auto Loan
Carvana Auto Loan
in Auto Loans from Carvana

Carvana Auto Loan

in Auto Loans from Carvana
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Autopay Auto Loan
Autopay Auto Loan 61 reviews
Credit Score Range 580 - 850
Loan Amount $6,900 - $125,000
APR  (Fixed APR) 3.96% - 16.92%
Loan Term (Months) 12 - 72 months

Carvana Auto Loan Review

Carvana Auto Loan is offered by Carvana, a direct lender founded in 0 and based in Tempe, AZ. Carvana Auto Loan are available in 50 states (and Washington, DC).

Carvana financing FAQ

How much can you borrow via Carvana financing?

Carvana financing loan amounts start at $6,900 and go up to $125,000.

What APR does Carvana financing offer on its car loans?

Carvana financing offers a fixed apr car loan product that ranges from 3.96% APR up to 16.92% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Carvana financing?

Carvana financing has car loans with terms ranging from 12 to 72 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Carvana financing charge an origination fee?

Yes, Carvana financing may charge a loan origination fee.

Does Carvana financing charge a late fee?

Yes, Carvana financing charges borrowers with a late payment penatly fee

Does Carvana financing charge prepayment fees?

No, Carvana financing will not charge you a fee for paying your loan early. Whenever possible choose lenders like Carvana financing that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Carvana financing loan?

Yes, you can. Carvana financing does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for Carvana Auto Loan?

Applicants with a credit score of at least 580 and up to 850 may be eligible for Carvana Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for auto loans with Carvana Auto Loan, applicants need a minimum annual income of $10,000 or higher. Carvana Auto Loan only considers borrowers who are employed and meet the minimum income requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Carvana Auto Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Carvana Auto Loan.

To qualify, applicants may need to provide the following documentation:

  • Loan payoff statements
  • Proof of income
  • Business formation documents
  • Proof of insurance
  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Carvana financing?

Carvana financing will typically approve (or deny) a car loan application within 1 hour and fund the car loan within 2 business days of approval.

Does Carvana Auto Loan report your account activity to credit bureaus?

Yes, Carvana Auto Loan reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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Message From Carvana financing

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.


About Carvana Auto Loan


  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Annual Income $10,000
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Income
  • Loan Payoff Statements
  • Proof of Identity
  • Proof of Insurance
  • Business Formation Documents
  • Government Issued Photo ID
Credit Score Range 580 - 850
Approval Speed 1 hour
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 2 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Bank Transfer
Pre-Qualified Soft Credit Inquiry
APR Type Fixed APR
Loan Amount $6,900 - $125,000
APR (Fixed APR) 3.96% - 16.92%
Loan Term 12 - 72 months

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