Carvana and Vroom stand out as leaders in the online car-buying industry, making them excellent options if you want to buy, sell, or finance used cars on the internet.
These companies outshine traditional dealerships by offering a smooth and hassle-free car buying experience, excellent customer service, and user-friendly online platforms.
However, it’s essential to figure out which online car retailer is the better fit for your needs.
To find the best deal for your trade-in, consider the company that offers the highest amount of money. Deals differ for each person based on factors like odometer reading, price range, model year, average winning bid, and other aspects affecting the car-selling experience.
We’ve collected data to assist you in determining whether Carvana or Vroom provides the best offer for you.
We gathered information from various sources to help you figure out whether Carvana or Vroom would give you a better deal based on your car’s mileage, price, and model year. Check out the details below:
Mileage Comparison:
If your car has an odometer reading between 10,000 and 50,000 miles, Vroom is more likely to offer a higher bid. For mileage between 60,000 and 80,000, Carvana and Vroom have an equal chance. However, if your vehicle has over 100,000 miles, Vroom is 68% more likely to provide a better offer. Generally, if your car has lower mileage, Vroom might give you a better deal compared to Carvana.
For vehicles priced below $5,000, Vroom wins bids 75% of the time, while Carvana wins 25%. Vroom is also likely to win bids for cars priced over $20,000. Carvana, however, outperforms in the $5,001 to $19,999 range. In summary, Carvana is better for mid-priced cars, while Vroom is preferable for very cheap or higher-priced vehicles.
Carvana tends to offer higher bids for 2013, 2014, and 2015 model vehicles. On the other hand, if your car’s model year is before 2013 or after 2015, Vroom is more likely to provide a winning offer.
This difference indicates that Vroom focuses on newer models, making your 2015 vehicle more valuable to them. Carvana, in contrast, holds a diverse inventory based on model years.
In simple terms, Vroom usually bids more money and wins auctions at a higher average price compared to Carvana. The average winning bid for Vroom is $1,880, while Carvana’s average is $1,218, as you can see in the graph. Looking at the graphs before this, it’s clear that Vroom prefers newer, more expensive cars with lower mileage.
On the flip side, Carvana tends to go for older, cheaper cars with higher mileage. So, it’s logical that Vroom’s average winning bid is higher—they’re willing to pay more for better-quality used cars.
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