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Why is Carvana's financing rate often higher than a bank?

Carvana earns money from financing by originating loans at rates that include a markup above what they could access from capital markets. They then sell many of these loans to investors. The spread between the rate they charge you and the rate at which they sell the loan is profit. Getting pre-approved through your own bank or credit union before shopping Carvana is the simplest way to avoid paying a higher rate than necessary.

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Fantastic to work with. Everyone on the team was great. They personally worked with us on pricing and model requests. Can’t recommend Vantage enough.

Fantastic to work with. Everyone on the team was great. They personally worked with us on pricing and model requests. Can’t recommend Vantage enough.

Ken Hurd

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Incredible service! Quick, easy, and got exactly what I wanted at the right price

Incredible service! Quick, easy, and got exactly what I wanted at the right price

Steven Finkelstein

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Our experience with Vantage was extraordinary. Unexpectedly we found ourselves in a panic when our car just stopped and it was clear to us that we needed a new car! Our son recommended Mark Viegas and from start to finish, each step was seamless. Every person we encountered was professional , knowledgeable and excellent at their job. We were able to sell our original car and purchase a new car without any stress. We highly recommend Vantage Auto Group, Many Thanks for making this experience such a positive one Brad was also a pleasure to work with making sure the delivery was seamless

Our experience with Vantage was extraordinary. Unexpectedly we found ourselves in a panic when our car just stopped and it was clear to us that we needed a new car! Our son recommended Mark Viegas and from start to finish, each step was seamless. Every person we encountered was professional , knowledgeable and excellent at their job. We were able to sell our original car and purchase a new car without any stress. We highly recommend Vantage Auto Group, Many Thanks for making this experience such a positive one Brad was also a pleasure to work with making sure the delivery was seamless

Maureen Dorney

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Sean was very professional and helpful. Highly recommended

Sean was very professional and helpful. Highly recommended

Syed Husain

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Excellent client relations. Easy to reach and easy to talk to. Highly recommend.
Excellent client relations. Easy to reach and easy to talk to. Highly recommend.

Garrick Slavick

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Another five star experience!!! This is the 3rd car I’ve purchased through David and the crew at Vantage. No hassle, no bait and switch, no high pressure sales tactics or incessant follow up phone calls like with a traditional dealership. A few phone conversations with David, and he finds the car you want, with the trim package you want, at the best possible price. Delivery is convenient and the crew are always the constant professionals, taking the time to go over vehicle features and getting you setup to go…. Cant say enough.

Another five star experience!!! This is the 3rd car I’ve purchased through David and the crew at Vantage. No hassle, no bait and switch, no high pressure sales tactics or incessant follow up phone calls like with a traditional dealership. A few phone conversations with David, and he finds the car you want, with the trim package you want, at the best possible price. Delivery is convenient and the crew are always the constant professionals, taking the time to go over vehicle features and getting you setup to go…. Cant say enough.

Rob Ellmyer

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Front view of three luxury SUVs in blue, silver, and black, positioned side by side with the blue vehicle centered.
From start to finish, my experience was amazing. From first inquiring about cars and explaining the price range I wanted to stay within, everything was smooth, easy, and completely hassle-free. David was great throughout the entire process — knowledgeable, patient, and genuinely helpful without making me feel pressured. He made getting a car honestly one of the best experiences I’ve had. I truly appreciated how simple and stress-free he made everything. Highly recommend working with David if you’re looking for a great car-buying experience!
From start to finish, my experience was amazing. From first inquiring about cars and explaining the price range I wanted to stay within, everything was smooth, easy, and completely hassle-free. David was great throughout the entire process — knowledgeable, patient, and genuinely helpful without making me feel pressured. He made getting a car honestly one of the best experiences I’ve had. I truly appreciated how simple and stress-free he made everything. Highly recommend working with David if you’re looking for a great car-buying experience!

Karlee Torres

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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 made the entire car-buying process incredibly easy and stress-free. If you're looking to get out of your current vehicle and into a new one while saving money, this is the company to use. I sent them the exact build I wanted, and they were able to find an exact match for my Mercedes-Benz GLS 450 at a price that was significantly lower than what the dealership offered. They even came to my home, picked up my Range Rover, and delivered my new GLS 450 right to my driveway. It couldn't have been more convenient. The entire paperwork process was handled electronically through email, making everything quick and hassle-free. They also provided all the documentation confirming the pickup of my old vehicle, which gave me complete peace of mind. Their customer service was outstanding from start to finish. They were responsive, professional, and kept me informed throughout the entire process. I also highly recommend purchasing their tire and rim protection package. It offers excellent coverage and saved me thousands compared to the protection plans offered by the dealership. If you're thinking about getting a new vehicle, don't hesitate—contact Vantage Auto. They deliver exceptional service, great pricing, and a seamless experience.
Vantage Auto made the entire car-buying process incredibly easy and stress-free. If you're looking to get out of your current vehicle and into a new one while saving money, this is the company to use. I sent them the exact build I wanted, and they were able to find an exact match for my Mercedes-Benz GLS 450 at a price that was significantly lower than what the dealership offered. They even came to my home, picked up my Range Rover, and delivered my new GLS 450 right to my driveway. It couldn't have been more convenient. The entire paperwork process was handled electronically through email, making everything quick and hassle-free. They also provided all the documentation confirming the pickup of my old vehicle, which gave me complete peace of mind. Their customer service was outstanding from start to finish. They were responsive, professional, and kept me informed throughout the entire process. I also highly recommend purchasing their tire and rim protection package. It offers excellent coverage and saved me thousands compared to the protection plans offered by the dealership. If you're thinking about getting a new vehicle, don't hesitate—contact Vantage Auto. They deliver exceptional service, great pricing, and a seamless experience.

Trivendra Persaud

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

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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