PHOENIX--(BUSINESS WIRE)--Carvana – the first and leading online auto retailer, and creator of the world’s first, fully-automated, coin-operated car Vending Machine – today launched Cardian Angel, the industry’s most intelligent trade-in tool. Cardian Angel is an unprecedented offering that leverages proprietary technology and customized video to provide consumers with a completely personalized trade-in value in less than two minutes. With this new product launch, Carvana has made understanding the true value of your car as easy as checking your bank account balance online.
Cardian Angel Does the Work, So You Don’t Have To
Cardian Angel uses information about a consumer’s vehicle and leverages proprietary algorithms and machine learning to calculate every possible factor impacting vehicle value – from mileage and accident history, to specific trim level features and current market demand – and generates a personalized trade-in value and dynamically rendered video that is unique to each consumer and their specific car.
Here is how it all works:
1. Consumers visit www.CardianAngel.com and enter their VIN (or make, model and year if the VIN is not available). Next, they answer a few questions about their car’s history, condition and features. That’s it – the process takes less than two minutes and no email address is required
2. From there, Cardian Angel – powered by proprietary Carvana technology – goes to work, confirming vehicle details through resources like wholesale and retail value databases, Experian Auto Check and other third parties. In a matter of seconds, Cardian Angel generates an exact trade-in value, along with a personalized video with dynamically rendered data that transparently explains the ‘why’ behind the vehicle value
3. Consumers then have a choice with no pressure or sales tactics: they can use their trade-in value as a down payment to purchase a car online at Carvana.com (Carvana will deliver their new car and take their old one away), they can choose to sell their car to Carvana (Carvana will bring them a check and take their old car away) or they can use it to be better informed about their vehicle’s value next time they’re looking to sell their car
“Knowing what your car is worth and, even more importantly, the reasons why it’s worth that much, is an incredibly empowering piece of knowledge to possess,” said Ernie Garcia, founder and CEO of Carvana. “To date, consumers have had to go through an opaque dealership-driven process that leaves them feeling less informed about the true value of their car. Carvana’s mission is to create a better car buying and car selling experience, and we are excited to launch a vehicle valuation tool, that for the first time ever, is efficient and simple-to-use, fun and engaging and, best of all, fully transparent. Regardless of where you are in the process of buying, selling or owning a car, Cardian Angel is something everyone needs in their arsenal.”
A Transparent Value, No Matter What
Carvana is founded on transparency and, as part of that, believes people should be able to easily understand their car’s value through simple, easy-to-use tools. Where existing industry trade-in products deliver a non-firm value or are used to drive lead generation for a dealership, Cardian Angel evaluates someone’s exact car down to the smallest detail, providing consumers with a value that is the most accurate when it comes to a real-world trade-in. This is a result of the investment Carvana has made in proprietary technology, as well as in relationships with wholesale and retail value databases, Experian Auto Check and other third-party data providers. Leveraging these resources, Carvana can verify individual vehicle details, ensuring the appraisal consumers receive is customized to them, and is not a generic quote that will fit any car matching their make and model.
Fueled by more than $300 million in funding to date, Carvana plans to continue extensive growth throughout 2016 to bring a better way to buy and sell a car to consumers nationwide – from building innovative and helpful customer tools and product enhancements, to rapid geographic expansion and additional Vending Machine rollouts.
About Carvana
Founded in 2013 and based in Phoenix, Ariz., Carvana is the first complete online auto retailer offering vehicle purchase in as little at 11 minutes, with an average savings of $1,681. Additionally, Carvana launched the world’s first-ever, fully-automated, coin-operated car Vending Machine, in Nashville, Tenn. With Carvana, you can shop for, finance, purchase and trade-in a car entirely online, while also receiving as soon as next-day vehicle delivery or pick-up at the nation's first vehicle vending machine. Carvana cars come with an accident-free guarantee, undergo a rigorous 150-point inspection and come with a 100-day/4,189 mile bumper-to-bumper warranty, as well as a 7-Day Test Drive and No-Questions-Asked Return Policy. Carvana is revolutionizing the car buying process through technology, transparency and exceptional customer service, while eliminating the pressure, hassles and hidden fees that come with buying from a dealership.
For further information on Carvana please visit www.carvana.com, or connect with us on Facebook, Instagram or Twitter.
