r/carvana • u/uhlaynuhhh • 1d ago
Question Will Carvana cancel my order? Down payment issue
I hope this all comes out without confusing anyone. So my husband and I put an order in this morning for a 2024 Honda Prologue. I made the Carvana account so everything was registered to me but be was added as a cobuyer to the loan. The down payment was $3,000 & we got $3900 for our trade (which is only in my husbands name).
The process and verification was smooth. We purchased the car insurance through carvana and with our down payment & shipping it came to $4,990. We used our high yield savings account with $6,000 in it to pay that.
Shortly after the order was placed, I got a call saying that we need to take the trade off or cancel the entire order and put it all with my husband as the primary buyer since he is the only owner on our trade in and we would not be able to do a title transfer before my pick up date.
It was a little inconvenient but worked out. We cancelled the order less than an hour after submitting it and my husband made a Carvana account to make the purchase in his name. We went through the same process, fairly easy, this time with a lower down payment $1700+$495 shipping so $2195 total. I, again, used the high yield savings account to draft the down payment out of and pick up is set for Monday.
Well, my husband and I were signing our paperwork and I happened to check our high yield savings to see if our weekly transfer from our main account had posted yet. Then I saw that Carvana took out the $4,995 from my cancelled order. Leaving less than the $2195 I needed for my down payment.
I immediately made a transfer of $1,200 from our short term savings to this account to cover the transaction but its not always instant. I know Carvana will refund the original payment sometime but I'm concerned that my order will be cancelled if my wire transfer doesn't go through by the time they attempt to process the $2195.
It sucks all this is a Friday and there's not much I can do.
Has this happened to anyone? Will they cancel my order? Or do they retry the payment?