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Last Updated: 04/18/2025

Carvana Auto Loan

from Carvana

Last Updated: 04/18/2025

Carvana Auto Loan logo
Rating not yet determined1 total votes
1 users recommend

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Compare auto loan offers from multiple vetted lenders.

Compare auto loan offers from multiple vetted lenders.

Discover your lowest eligible rate in minutes.

Discover your lowest eligible rate in minutes.

See how much you qualify for and what your monthly payment will be.

See how much you qualify for and what your monthly payment will be.

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Highlights

Amount Range

$6,900 - $125,000

APR (Fixed APR)

3.96% - 16.92%(Verified 06/21/2024)
Disclaimer popup with additional information

Credit Score Range

580 - 850

Loan Term (Months)

12 - 72
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Carvana Auto Loan Review

Carvana Auto Loan is offered by Carvana, a direct lender founded in 0 and based in Tempe, AZ. Carvana financing 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 -- some lenders offer terms that 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 penalty 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.
Carvana Auto Loan does not have or does not disclose a minimum annual income eligibility requirement.
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 or other government photo ID
  • 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 fund the car loan within 2 business days.

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

Yes, Carvana Auto Loan reports to the following credit bureaus:
  • 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 build your credit.

Does Carvana perform a hard credit pull?

As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates.
Carvana financing allows you to check your rates with a soft credit pull.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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Carvana Auto Loan logo

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.

Contact

Headquarters

1930 W Rio Salado Parkway
Tempe, AZ 85281
Visit Site
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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Carvana Auto Loan Community Reviews

Would you recommend Carvana Auto Loan to your friends?

KK

Kidus K.

Jul 10, 2023

May or may not recommend

First and foremost, the application process was seamless and straightforward. Carvana's user-friendly online platform made it incredibly convenient to apply for financing right from the comfort of my own home. The application itself was quick and efficient, requiring minimal effort and time. One of the standout features of Carvana's financing system is the transparency it offers. Throughout the entire process, I felt well-informed and confident in my decisions. Carvana provides clear ...Show More

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