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Carvana vs. Carloans.com Comparison

Compare providers side-by-side, allowing for easy comparison of features, rates, and terms. The comparison tool encourages individuals to thoroughly review all aspects of each service before making a smart financial decision.

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Car Loans

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Car Loans

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Good For
Hassle-Free Online Car Loans
Good For
Get Approved in 2-Minutes
APR

7.90-27.90%

APR

3.2-24%

Repayment terms
36-72 months
Repayment terms
12-84 months
Min Credit Score
300
Min Credit Score
320
Loan Amount

$1K-$100K

Loan Amount

$1K-$100K

Lender Type
  • Marketplace
Lender Type
  • Marketplace
Prepayment Fee
None
Prepayment Fee
None
Soft Credit Pull
Yes
Soft Credit Pull
No
Pros
  • Simple overall experience
  • No minimum credit score, good for those with bad credit
  • No application fees, origination fees, or prepayment penalties
  • Prequalified terms last 45 days, giving you time to decide
  • Allows for a co-signer
  • 7-days money back guarantee
Pros
  • Quick and simple application form
  • Loans available to people with bad or no credit ratings
  • No fees associated with the loans
Cons
  • cons Only finances vehicles sold on Carvana
  • cons High interest rates if you have bad credit
Cons
  • cons Limited information available online about the loan terms
  • cons No soft credit pull available
  • cons High APRs if your credit rating is very poor
  • cons No visibility of lending partners
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