Press release

Carvana Brings its Newest Car Vending Machine to Chicago

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Sponsored by Businesswire

Carvana
(NYSE: CVNA), a leading e-commerce platform for buying and selling used
cars, debuted its newest Car Vending Machine today in Chicago. Standing
eight stories tall, holding up to 27 vehicles, the patented
coin-operated, all-glass structure creates a fun, memorable pick up
experience for customers who purchase their vehicle on Carvana.com.
Today Carvana also launched as-soon-as-next-day vehicle delivery in
three additional nearby markets: Rockford, Ill., Ann Arbor, Mich. and
Kalamazoo, Mich.

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Carvana launched its 17th Car Vending Machine in the U.S. The all-glass, eight story structure holds ...

Carvana launched its 17th Car Vending Machine in the U.S. The all-glass, eight story structure holds up to 27 vehicles, offering area residents a unique and memorable pickup experience for vehicles purchased on Carvana.com (Photo: Business Wire)

In as little as 10 minutes, customers can shop more than 15,000 vehicles
on Carvana.com,
finance, purchase, trade-in, and schedule as-soon-as-next-day delivery
or Car Vending Machine pickup of that vehicle. Customers that choose
pick-up at the Car Vending Machine receive a commemorative, oversized
Carvana coin to activate the vending process, taking only minutes,
compared to hours at the dealership. The Chicago location features new
design elements that create an even more immersive experience for
customers, allowing them to view their purchased vehicle being vended
from a variety of new angles. Consumers can also sell
their current vehicle to Carvana
, even if they aren’t purchasing a
vehicle, receive a real offer in just minutes and schedule
as-soon-as-next-day pickup of that vehicle.

Every Carvana vehicle comes with a seven-day return policy, giving
customers the peace of mind and time to ensure the vehicle fits their
life. As an upgrade to the traditional test drive, Carvana customers
have seven days to see if their vehicle can handle Chicago’s potholes,
if the car seats fit, or how comfortable their commute is. Additionally,
all Carvana vehicles are Carvana Certified, meaning they have passed a
rigorous, 150-point inspection, have never been in a reported accident
and have no frame damage. Features, imperfections and updated
information about open safety recalls are listed on every car’s vehicle
description page.

“We launched in the Chicagoland area less than two years ago,” said
Ernie Garcia, founder and CEO of Carvana. “We’re proud to see customers
enjoy our new way to buy a car and looking forward to making car buying
even more fun and exciting with our newest Car Vending Machine.
Additionally, offering as-soon-as-next-day delivery to customers in
Rockford, Ann Arbor and Kalamazoo today showcases our commitment to
bringing easy, transparent car buying to even more customers in the
Midwest.”

Chicago is the first city in Illinois to debut a Car Vending Machine and
the 17th in the U.S. Additional Car Vending Machines are located in
cities across Texas, Tennessee, Florida, North Carolina, Maryland,
Arizona, Ohio, Indiana and Pennsylvania. With today’s market launches,
Carvana now offers as-soon-as-next-day vehicle delivery in 118 cities
across the country.

Located at 720 Enterprise Drive in Oak Brook, the Chicago Car Vending
Machine is open Monday through Saturday from 9 a.m. to 7 p.m. CT.
Vehicle pickup at any of Carvana’s Car Vending Machines is free for all
Carvana customers.

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 car buying and financing platform. Carvana.com enables
consumers to quickly and easily shop more than 15,000 vehicles, finance,
trade-in or sell their current vehicle to Carvana, sign contracts, and
schedule as-soon-as-next-day delivery or pickup at one of Carvana’s
patented, automated Car Vending Machines.

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