Carvana handles the lien payoff if the vehicle is financed, and they file the necessary paperwork with the Department of Motor Vehicles to transfer the title. Carvana assumes this liability as the buyer, relieving the seller of responsibility for any future issues related to the vehicle's operation or parts.
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The company utilizes a proprietary automated valuation tool that scans the Vehicle Identification Number (VIN) and assesses the current market value for the vehicle's parts. If a specific part, such as a recently replaced alternator or transmission, is still in excellent condition, noting this during the inspection can add value.
However, for sheer speed and simplicity, Carvana's buyout is designed to close the gap between having a non-running car and receiving cash. During this walk-around, the agent will confirm the VIN, check for any signs of structural damage or flood, and visually assess the mechanical components.
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The vehicle must be accessible on a solid surface for the agent to inspect the undercarriage. In many jurisdictions, selling a car "as-is" requires specific documentation to absolve the seller of future liability.
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