Vroom, the online vehicle marketplace, announced in January that it is ending its online e-commerce operations and used vehicle dealership business. If you want to shop from the comfort of your home, check out these competitors.

Alternatives to Vroom auto loans

The company did not finance auto loans itself. It instead sold vehicles on its platform and matched buyers with auto loan lenders in its network. Consider these other online financing and shopping options if you enjoyed the experience Vroom offered.

Carvana CarMax CarsDirect
Bankrate score 4.3 4.0 3.5
Better for Less-than-perfect credit In-person shopping Poor to fair credit borrowers
Loan types Used Used New, used, refinance
Loan amounts Starting at $1,000 $500-$100,000 Varies by lender
APRs 7.95%-27.95% Not specified Not specified
Loan term lengths 12-72 months 36-72 months Varies by lender
  • Potential shipping and delivery
  • Late payment
  • Insufficient funds
  • Processing
  • Shipping
  • Potential loan origination
  • Potential dealer
  • Potential late payment penalties
  • Potential early repayment penalties
Min. credit score No minimum Not specified Accepts all credit types
Time to funding As soon as one day As soon as the day you apply 1-2 days

Carvana auto loans

Carvana auto loans

Rating: 4.2 stars out of 5
Learn morein our Bankrate review
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    • Competitive rates are not reserved for perfect-credit borrowers.
    • Fast funding timeline.
    • Option to pick up or have the car delivered.
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    • Inventory is limited to Carvana vehicles.
    • Rates and terms not disclosed.
    • Service is not offered nationwide.
CarMax auto loans

CarMax auto loans

Rating: 4 stars out of 5
Learn morein our Bankrate review
  • Green circle with a checkmark inside


    • Loans are available for borrowers with poor credit.
    • Quick funding decision.
    • 30-day vehicle return program.
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    • Only available for shoppers in 41 states.
    • Negotiation is not allowed.
    • Steep fees for processing and vehicle shipment.
CarsDirect auto loans

CarsDirect auto loans

Rating: 3.5 stars out of 5
Learn morein our Bankrate review
  • Green circle with a checkmark inside


    • CarsDirect doesn’t charge fees to find lenders.
    • Online car buying platform.
    • Extensive network of lenders.
    Red circle with an X inside


    • Negative online reviews.
    • Lender partners may charge their own fees.
    • Undisclosed rates and terms.

Why did Vroom stop selling cars?

The online platform discontinued its sales operations in early 2024 to “preserve liquidity” and “maximize stakeholder value through its remaining businesses,” a company news release stated. The company’s chief executive officer, Thomas Shortt, explained that the company failed to raise enough capital to fund operations. However, Vroom still owns car-shopping platform CarStory and automotive finance company United Auto Credit Corporation, which continue to operate.


  • If your vehicle has yet to be delivered, contact the Vroom support team at (855) 524-1300 to figure out your options.
  • Log onto your Vroom hub to confirm the next steps. The Vroom team will still handle the titling and registration process.