Carvana Financing — A Modern Way to Buy and Finance Your Car

Carvana brings a fully online car-buying and financing experience, letting you shop, choose, and finance your next vehicle—all from the comfort of your home.

Top Auto Loan Options in the U.S.

• Bank of America Auto Loans: Offers strong prequalification tools and financing flexibility for both dealer and private sales.
• Chase Auto Loans: Known for customer-friendly terms and discounts for banking clients.
• PenFed Credit Union: Provides some of the lowest APRs in the market with flexible repayment options.
• LightStream (SunTrust): Offers unsecured auto loans, suitable for private sales and no vehicle restrictions.
• Carvana Financing: Fully online solution with transparent prequalification, customizable payments, and seamless car purchase integration.

Traditional Bank Financing

Banks remain reliable but lack the seamless online integration Carvana provides.

Carvana Financing

A fully digital experience, from browsing inventory to financing approval—all under one platform.

Online Lending Platforms

Digital lenders like LightStream provide quick approvals but often lack integration with dealership inventory.

Unsecured Personal Loans

Can be used for cars but come with higher rates. Carvana’s secured financing is usually more affordable.

Buy Here Pay Here Dealerships

Accessible but costly. Carvana ensures fair rates with reputable lenders instead.

How Auto Loans Affect Credit & Finances

Financing with Carvana helps build credit through monthly reporting to major credit bureaus. Timely payments strengthen your profile and improve your ability to secure future loans.

Missed or late payments, however, will harm your score and raise your debt-to-income ratio, limiting access to other credit products.

Fortunately, Carvana’s prequalification tool helps you shop responsibly. Multiple financing inquiries made within a short window typically count as a single inquiry, minimizing impact on your credit.