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Why is Carvana's interest rate so much higher than my bank?

Carvana operates as a finance intermediary. They secure a base rate from their lending partners and then mark it up before passing it to you. That spread is a significant revenue source for the company. Banks and credit unions, by contrast, lend directly and typically offer lower rates because they are not adding an intermediary markup.

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Testimonials

What Our Customers Say

People come for the number. They stay for how easy we make it.

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Very nice company. They helped me find the vehicle I wanted and helped sell my old car as well. Everyone in the company is great and very helpful explaining all the steps involved. Would highly recommend using them.

Very nice company. They helped me find the vehicle I wanted and helped sell my old car as well. Everyone in the company is great and very helpful explaining all the steps involved. Would highly recommend using them.

DreadBasil

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Front view of three luxury SUVs in blue, silver, and black, positioned side by side with the blue vehicle centered.

Excellent to work with. Super easy to work with. The staff is great. Dave Alesso was excellent in helping what I was looking for. He sent Nikko to give me the car and he was so helpful showing me the car details. I would highly recommend them to anyone.

Excellent to work with. Super easy to work with. The staff is great. Dave Alesso was excellent in helping what I was looking for. He sent Nikko to give me the car and he was so helpful showing me the car details. I would highly recommend them to anyone.

Rebecca Perez

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Front view of three luxury SUVs in blue, silver, and black, positioned side by side with the blue vehicle centered.
Had my first experience using a broker through Vantage Auto, so I was a little nervous going into the process. Deborah made everything incredibly easy and stress-free. She was transparent, thorough, and always available to answer questions. Instead of wasting hours at dealerships, she found the exact car and color we wanted and negotiated a monthly payment within our budget. She was communicative throughout the entire process and truly wonderful to work with. I highly recommend Deborah, especially for women looking for someone trustworthy and knowledgeable. Thank you Deborah!
Had my first experience using a broker through Vantage Auto, so I was a little nervous going into the process. Deborah made everything incredibly easy and stress-free. She was transparent, thorough, and always available to answer questions. Instead of wasting hours at dealerships, she found the exact car and color we wanted and negotiated a monthly payment within our budget. She was communicative throughout the entire process and truly wonderful to work with. I highly recommend Deborah, especially for women looking for someone trustworthy and knowledgeable. Thank you Deborah!

Janicole Rochaquino

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Front view of three luxury SUVs in blue, silver, and black, positioned side by side with the blue vehicle centered.

David made a seamless transaction without the hassle of going to the dealer. Located the truck I wanted and delivered it on time. Signed the paperwork which took 5 minutes and the professionism was top notch. It's rare these days that you get someone who's responsive and didn't put you through an automated response. Answered all my questions promptly and made sure I received the truck I was looking for.....Was a pleasure!

David made a seamless transaction without the hassle of going to the dealer. Located the truck I wanted and delivered it on time. Signed the paperwork which took 5 minutes and the professionism was top notch. It's rare these days that you get someone who's responsive and didn't put you through an automated response. Answered all my questions promptly and made sure I received the truck I was looking for.....Was a pleasure!

Brian Lopazanski

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Front view of three luxury SUVs in blue, silver, and black, positioned side by side with the blue vehicle centered.
Not only did they negotiate the absolute best prices for us for two vehicles, they were also very thorough and very quick with response time. Delivered the vehicles to our house and made the process very hassle free. I will never buy a car at a dealer again
Not only did they negotiate the absolute best prices for us for two vehicles, they were also very thorough and very quick with response time. Delivered the vehicles to our house and made the process very hassle free. I will never buy a car at a dealer again

Joe Piazza

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Front view of three luxury SUVs in blue, silver, and black, positioned side by side with the blue vehicle centered.
Deborah went out of her way to help us and took our needs into account. We are very happy with the car Deborah found for us and thought we would like. . . . and she was right!
Deborah went out of her way to help us and took our needs into account. We are very happy with the car Deborah found for us and thought we would like. . . . and she was right!

B Hirschman

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Outstanding service and experience!Many thanks Sean for getting me a great deal and hassle-free experience. 👍👍

Outstanding service and experience!Many thanks Sean for getting me a great deal and hassle-free experience. 👍👍

Sinuhe Valle

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David Goldstein and his team are great. He was always available and responsive whenever I voiced a concern. He was quick to answer questions, which was extremely helpful it making decisions as I did not need to wait long to connect with him. I highly recommend connecting with David the next time you are looking for a vehicle!

David Goldstein and his team are great. He was always available and responsive whenever I voiced a concern. He was quick to answer questions, which was extremely helpful it making decisions as I did not need to wait long to connect with him. I highly recommend connecting with David the next time you are looking for a vehicle!

Joseph Bestreich

Front view of three luxury SUVs in blue, silver, and black, positioned side by side with the blue vehicle centered.

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Front view of three luxury SUVs in blue, silver, and black, positioned side by side with the blue vehicle centered.
Vantage auto group hands down made my first experience with a leasing company super easy.I had gave David a few. Vehicles I was interested in and he hooked me up with infiniti with I great monthly payment and basically just paid the taxes if anyone need to lease a vehicle reach out to David and his team . .
Vantage auto group hands down made my first experience with a leasing company super easy.I had gave David a few. Vehicles I was interested in and he hooked me up with infiniti with I great monthly payment and basically just paid the taxes if anyone need to lease a vehicle reach out to David and his team . .

john vitale

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