Introduction to Carvana Documents
When purchasing a vehicle from Carvana, there are several documents that you will need to review and sign. These documents are essential to the car-buying process and ensure that you understand the terms of your purchase. In this article, we will outline the five key documents that Carvana needs to complete a sale.
1. Purchase Agreement
The purchase agreement is a document that outlines the terms of your vehicle purchase, including the price, financing terms, and any trade-in information. This document is a contract between you and Carvana, and it’s essential to review it carefully before signing. The purchase agreement will include details such as:
- Vehicle information, including the make, model, and year
- Purchase price and any discounts or incentives
- Financing terms, including the interest rate and loan term
- Trade-in information, including the value of your trade-in vehicle
2. Vehicle Inspection Report
The vehicle inspection report is a document that provides a detailed overview of the vehicle’s condition. This report is typically completed by a third-party inspector and will highlight any damage or issues with the vehicle. The report will include information such as:
- Exterior and interior condition, including any scratches or dents
- Mechanical condition, including the engine, transmission, and brakes
- Any existing damage or issues, including any necessary repairs
3. Financing Documents
If you’re financing your vehicle purchase through Carvana, you’ll need to review and sign several financing documents. These documents will include:
- Loan agreement, which outlines the terms of your loan, including the interest rate and loan term
- Disclosure statements, which provide information about the loan, including the annual percentage rate (APR) and any fees
- Payment schedule, which outlines your monthly payment amount and due date
4. Warranty and Maintenance Information
Carvana offers a warranty on all vehicles sold, and you’ll need to review and understand the terms of this warranty. The warranty and maintenance information will include:
- Warranty duration and coverage, including any exclusions or limitations
- Maintenance requirements, including recommended maintenance schedules and procedures
- Any additional warranty or maintenance options, including extended warranties or maintenance plans
5. Registration and Titling Documents
Finally, you’ll need to review and sign documents related to the registration and titling of your vehicle. These documents will include:
- Registration application, which provides information about the vehicle and its owner
- Titling documents, which transfer ownership of the vehicle from Carvana to you
- Any necessary fees or taxes, including registration fees and sales tax
📝 Note: It's essential to review all documents carefully before signing to ensure that you understand the terms of your purchase and any obligations or potential costs.
To summarize, the five key documents that Carvana needs to complete a sale are the purchase agreement, vehicle inspection report, financing documents, warranty and maintenance information, and registration and titling documents. By carefully reviewing these documents, you can ensure that you understand the terms of your purchase and any obligations or potential costs.
What is the purpose of the purchase agreement?
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The purchase agreement outlines the terms of your vehicle purchase, including the price, financing terms, and any trade-in information.
What information is included in the vehicle inspection report?
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The vehicle inspection report provides a detailed overview of the vehicle’s condition, including any damage or issues.
What financing documents will I need to review and sign?
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You’ll need to review and sign documents such as the loan agreement, disclosure statements, and payment schedule.
