August 2, 2017
The only process more painful than buying a used car is having to register it at the DMV. Fortunately, there are companies trying to make it a bit easier.
Carvana, the online auto retail platform, is making it a breeze to purchase pre-owned cars and announced its finally launching their 33rd market in their hometown Phoenix.
Five years ago, founder of Carvana cofounders Ernie Garcia, Ben Huston and Ryan Keeton had a mission to change the way people purchase used cars. The company makes it easy for customers to browse, search, finance and buy a car online and have it delivered to their home, all from the comfort of their home. After finding the ideal ride, customers can take their cars out for a virtual ride via 360-degree photo technology.
Carvana also purchases pre-owned cars direct from consumers or auctions, and with the backing of DriveTime, it enables them to fix up the car to sell. Every car comes with a Carvana Certification that includes a 150-point inspection, zero reported accidents, and premium detail.
Today the Phoenix-based company announced they are finally going to sell their cars in their backyard and give all the desert dwellers the option to buy a car online and have it delivered to their air-conditioned homes. If ordering a car on the computer is too boring, you can always use their vending machines around the U.S.
Hold your soda machines! It's true, Carvana developed the world’s first fully-automated, coin-operated car vending machine. Instead of dropping coins in the machine for a bottle of water, you’ll get a car. In May of this year, the Tempe City Council (Arizona) unanimously approved the 84-foot tall vending machine.
“As the home of our headquarters – and nearly 500 of our employees – launching in Phoenix is particularly meaningful for us,” said Garcia. “To be able to deliver our cars to the community that has supported us from the beginning is incredibly humbling.”
Carvana had a ton of activity in 2017 as they went public (NYSE: CVNA) and raised $225M after offering 15 million shares at $15. To date the company has raised $300 M in equity funding in three rounds.
Read more about startup activity in Phoenix at TechCo
Photos courtesy of Carvana and Carvana Facebook
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