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Is Carvana a good lender to work with?
I test drove a certified pre-owned vehicle at a car dealership and loved it. I found the same vehicle on Carvana for $2,000 less, so I'm thinking of pulling the trigger. The only problem is that Carvana has a much higher interest rate than the dealership. Is Carvana a good dealer to work with? Or should I look elsewhere?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Carvana has a network of lenders that it works with to find you the best rate possible. However, that doesn’t necessarily mean it’s the best rate you’ll find anywhere.
Dealerships and other lenders may offer more competitive rates. In your case, it may be better to find financing on your own and use it to pay for the vehicle from Carvana.
If you shop around just like you would with
car insurance
, you can find the best interest rate possible and still get a cheaper price.Don’t forget that when you buy a new vehicle, you will need proper coverage. If you haven’t already found insurance, use the free
Jerry
app to help you find the best deal. Jerry compares rates from the top 50 companies in under a minute, delivering the best deals to your phone.”View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
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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