Some people justlovegoing to a car dealership and spending hours haggling with the sales people.
Its almost a game for them.
We still need to buy or sell a car, after all.
What is Carvana?
Carvanais an online dealership that simplifies the car buying and selling process helping people to save time and money.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help… ## What is CarMax?
Its been around since 1993 and became well known for their no-haggle policy.
While CarMax does have an online presence, they still function like a traditional local dealer.
Did you know?
Youll buy it directly on the site and can have it delivered to your door.
After that, theres a 100-day, 4,189-mile limited warranty in case something happens to the car.
Selling or trading in your vehicle is super simple with Carvana.
Theyll take it away for you, too.
Plus, none of those hidden fees that sales people sometimes forget to tell you about.
How Does CarMax Work?
CarMax is interesting in that it works both online and offline.
CarMax now offers you 24 hours to test drive cars, too.
What Are the Similarities Between Carvana and CarMax?
At first glance, you might not think CarMax and Carvana have much in common.
But each has made significant strides in streamlining the car buying and selling processes.
They also both have return policies, which is out-of-the-norm for traditional car dealerships.
Carvana gives you seven days, and CarMax offers a whopping 30 days to return no questions asked.
Carvanas is 100 days or 4,189 miles.
CarMaxs is 90 days or 4,000 miles.
What Are the Differences Between Carvana and CarMax?
The key differences between the two car shopping websites lies in their physical presence and their car-selling options.
And, most importantly, the amount of money you could save or earn.
Carvana is 99% online.
What does that mean for you?
Possibly lower costs when buying a car and earning more money when selling your vehicle.
Which is Better?
Yet neither of them will get you as much for your trade-in as a private sale.
Kari Faber is a staff writer at The Penny Hoarder.
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
