PHOENIX -

Carvana has launched a trade-in and valuation tool called Cardian Angel that is designed to generate a guaranteed written appraisal and video explaining why the value is what it is — all within two minutes, the company says.

Carvana said in Wednesday’s news release that through the Cardian Angel website, a consumer can punch in his or her car’s VIN or make/model/year to get the process started, then answer questions about its history, condition and features.

Cardian Angel then uses proprietary Carvana technology to verify the information via wholesale and retail value databases, Experian AutoCheck and other third-party sources.

The product then provides the trade-in value and the personalized video.

The consumer can then choose from the following:
— Use the trade-in value as a down payment on a Carvana online vehicle purchase. Carvana would then pick up their trade and deliver the new car.

— Sell the vehicle to Carvana, which would bring the customer a check and pick up the vehicle.

— Simply walk away, and use the value for informational/research purposes.

“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 chief executive offier 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.”