Peddle and Carvana are two of the biggest names when it comes to the used car market. They both have their advantages and disadvantages and while they seem very similar on the surface, there are actually some massive differences between the two.
Who are Peddle and Carvana?
Peddle is a junk car specialist that buys cars in any condition. You can get a quote in a couple of minutes and they will send someone to check over your vehicle and confirm the price.
Once you agree to the cash offer, your vehicle will be sold and collected, and you'll be given the money.
Carvana, on the other hand, is a massive used car dealer that buys and sells cars. There is no haggling. No long and frustrating processes. It's designed for speed and simplicity, and if you want to buy, sell, or trade with minimum issues, it's ideal.
When it comes to buying and selling used cars, these companies seem very similar, but they are actually very different.
Best For Buying a Car: Carvana
You can't buy a single car from Peddle like you can from classified websites and other car shopping sites.
Peddle works through a large car buying network that includes junkyards, car dealerships, and more. You can apply to join this network and whenever someone sells a vehicle through Peddle, you can bid on it.
However, you can't join if you're not in the business of buying and selling cars.
Carvana, on the other hand, lets everyone purchase vehicles through the site. You can find some very affordable cars and it's one of the best car buying sites online.
It's basically a huge online car dealership, one that owns the cars they sell and doesn't simply list them on behalf of other dealerships.
Best for Selling a Car: Peddle
You can sell a car to Carvana by answering some basic questions and inputting the Vehicle Identification Number (VIN). You will be given a quote and have a week to think it over.
Someone from Carvana will test drive your car at the point of purchase, checking to make sure that it is operational and ready to be purchased.
The problem with Carvana is that it only deals in operational vehicles. You can still sell salvage title cars, but only if they are running. If you have a car that is completely wrecked and is basically just a rusted metal shell, you can't sell to Carvana.
That's where Peddle comes in.
Peddle is a massive online car buyer that accepts vehicles of all types. It's a much better option when selling your vehicle and it's the best way to sell when you have a junk vehicle and need an instant offer and a big cash amount.
Peddle can afford to take these cars because they have junkyards and auto salvage yards in their network. Your car will be stripped for parts and then sold for its scrap metal value, so even if it seems like it has very little of value, you could get a sizeable instant offer through Peddle.
Summary: Shopping Around
In addition to Peddle and Carvana, you should also check with other car companies, as well as CarMax and your local junkyards. In addition, you can use sites like Kelley Blue Book to understand the value of every used car and new car, helping you to understand the real value of the vehicle and to learn whether you're getting a good deal or not.