As convenient as it gets

Car Automoblie Transportation Vehicle Elegance Concept
ShutterStock

You wouldn't expect that selling a car could be as simple as buying something on Amazon, but an online car retailer has streamlined the entire process. You can get an estimate on the value of your car even without providing a license plate.

David Dean used Carvana last summer to sell his 2012 Volvo and was blown away with the speed and ease of the sale.

“I didn’t have to take pictures of my car, I didn’t have to give a history on maintenance, I didn’t have to pull receipts,” he says. “They gave me a price within, I think, two minutes.”

Carvana will pick your vehicle up and pay you on the spot. You don't even need to walk out your front door.

“They just scheduled somebody to come, and when they showed up, the whole thing took less than five minutes,” David says. “It was just a couple of taps and a couple of signatures on a tablet and off my car went, and the money went into my account.”

David, who is a COO at Credit Union Solutions Group, was so impressed with Carvana that he pursued a partnership between the two companies.

Bill Gates made a splash in 2017 when he bought $520 million worth of U.S. farmland, and he’s continued to invest since. What’s in it for Gates?

Read More

Skip the dealership

David Dean and family
David Dean
After trying Carvana, David Dean was blown away by the experience of selling online.

By selling your car online, you get to skip the trip to the dealership (and the awkward haggling) entirely.

With Carvana, you can get an offer within minutes of listing your car. The company even offered David more than the dealer he’d spoken to about trading in his Volvo.

“If it was a couple hundred bucks I may not have done it, but it was a couple thousand dollars, maybe even a little more, so it was worth it,” David says of the Carvana offer.

When David sold his car in the summer of 2020, COVID-19 had shut down much of the world. But the Carvana rep who arrived at his house wore a mask and practiced social distancing, making the whole process as safe as possible.

A modern alternative

Volvo David Dean sold on Carvana.
David Dean
By going online, David Dean sold this 2012 Volvo for thousands more than a dealership offered.

While marketplace sites like Craigslist do let you list your car for sale, Carvana manages the whole process and promises a secure transaction.

In David’s case, the Carvana experience has convinced him to leave the dealership behind for good.

“I would definitely do it again,” he says. “In fact, I probably won’t do anything else again. I’m sold.”

Are you thinking about saving? Well, stop thinking about it!

Take the change out of your piggy bank and make it work for you.

Acorns is a financial wellness tool that automatically rounds up your card purchases to the nearest dollar and puts those savings into an investment account. It takes the worrying out of investing and matches you with one of five investment portfolios.

Take five minutes to sign up for Acorns today and collect a $10 bonus.

About the Author

Justin Anderson

Justin Anderson

Former Reporter

Justin Anderson was formerly a reporter at MoneyWise. He has a degree in Journalism from Ryerson University and his career has seen him cover everything from business and finance to the entertainment industry to politics, with plenty in between.

What to Read Next

5 wise money moves before the Fed starts raising interest rates again

Time's almost up on ultralow rates, so don't be caught off guard.

Want to Earn Big Returns Without the Shaky Stock Market? Try Art

Art investment is no longer reserved for the wealthy

How to get a free credit score

Whether you know your credit score or not, it’s probably having a big impact on your life.

Disclaimer

The content provided on MoneyWise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.