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Carvana Brings Chicago a New Way to Buy a Car

CHICAGO–(BUSINESS WIRE)–Today Carvana
(NYSE: CVNA), a leading eCommerce platform for buying used cars,
announced its expansion into Chicago, the company’s first market in
Illinois and the 25th market in the US An estimated 13
million consumers in the greater Chicagoland area can now get free,
as-soon-as-next-day delivery of any vehicle from Carvana’s 7,300+
vehicle inventory.

“Not only is it the northernmost market
we’ve launched in, it’s home to the third largest population in the
country. We can’t wait to show them the new way to buy a car.”

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Carvana puts customers in complete control of their online car-buying
experience through its seamless platform and advanced, proprietary
technology. By visiting Carvana.com,
customers can search for, purchase, finance and trade in a car online
from their computer, tablet or mobile phone in as little as 10 minutes.
Customers can also obtain personal financing options and understand
precise payment terms for every vehicle in Carvana’s online inventory by
answering 10 questions online, with no impact to their credit. All
vehicles undergo a rigorous 150-point inspection to become Carvana
certified, and feature a 100-day/4,189-mile bumper-to-bumper warranty.

Once customers have completed the online purchase process, they can
schedule home delivery of their vehicle as soon as next day. If Chicago
area customers prefer to pick up their car personally, they can opt into
Carvana’s “Fly and Drive” program, where Carvana will subsidize $200 of
airfare to a Car Vending Machine location in Austin, Dallas, Houston,
Nashville or San Antonio. For added peace of mind, Carvana offers a
7-day return policy, allowing customers to receive a refund for their
vehicle for any reason. In 2016, customers who purchased a car through
Carvana saved an average of $1,430 versus the Kelley Blue Book Suggested
Retail Value.

“Chicago is our most populated market to date,” said Ernie Garcia,
founder and CEO of Carvana. “Not only is it the northernmost market
we’ve launched in, it’s home to the third largest population in the
country. We can’t wait to show them the new way to buy a car.”

To date, Carvana has delivered cars to customers in 47 states. With this
launch, Carvana now offers free, as-soon-as-next-day delivery to
residents in 25 markets: Atlanta, Austin, Birmingham, Charlotte,
Cincinnati, Cleveland, Columbus, Dallas, Hampton Roads (Va.), Houston,
Indianapolis, Jacksonville, Memphis, Miami, Nashville, Orlando,
Philadelphia, Pittsburgh, Raleigh, Richmond, San Antonio, St. Louis,
Tampa, Washington, DC, and now Chicago.

To thank the early adopters in Chicago who purchased a vehicle prior to
today, Carvana will fully refund any delivery fee paid.

About Carvana (NYSE: CVNA)

Founded in 2012 and based in Phoenix, Carvana’s (NYSE: CVNA) mission is
to change the way people buy cars. By removing the traditional
dealership infrastructure and replacing it with technology and
exceptional customer service, Carvana offers consumers an intuitive and
convenient online automotive retail platform, with a fully transactional
website that enables consumers to quickly and easily buy a car online,
including finding their preferred vehicle, qualifying for financing,
completing the purchase and loan with signed contracts, and receiving
delivery or pickup of the vehicle from one of Carvana’s proprietary
automated Car Vending Machines.

For further information on Carvana, please visit www.carvana.com,
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