Carmax & Carvana

[Cory88]

I know they say no HP on your report to pre approve you, but do they ever do a HP at the end of they buying of the car? Has anyone delt with Carvana for a loan?

[youngandcreditwrthy]

hiya.. so I ALMOST bought a car from Carvana... glad I didn't. they wanted 20%+ interest. They target subprime borrowers and will treat you like one regardless. 

They did a hard pull when I finished the entire order and clicked submit or whatever (this was after having a pre approval for a week or two). I canceled though because they changed my trade in value at the last minute by 25%.

Screw them. My experience was awful. Best to you!

[Priory_Man]

Carmax pre-approve was only a SP for me, the rate they gave was 7%, the actual rate turned out to be 6.3% once the deal was singed and that's when the HP hit.
I have purchased my last 4 vehicles through them and never felt like they have given me a bad deal, both on price and financing through them

[babbles]

I've used both in the past and  had great experiences!  no haggle pricing is good but carvana tends to have higher prices on their used vehicles, I didn't use their financing as well

[dunn2500]

they have some of the highest rates or did in the past.....Ive sold cars to them but never purchase

was always able to get a better deal and lower rate, followed a few I sold to them and they were crazy high when purchsed by next buyer, last one was a year ago and first was 2020.....they paid really well for a lil while