General Comments - This document provides narrative explanations to the asset-level data reported in Exhibit 102 to the Form ABS-EE to which this document is attached as an exhibit to. Additional explanatory narrative is included in the prospectus for the securities issued by the issuing entity (the "Prospectus"). You should read this document and the Prospectus completely to understand the asset-level data and how it may differ from similar data appearing in the Prospectus and the Monthly Investor Report. References to "Items" in the explanatory narrative below are references to specific asset level data items listed in Item 1125 of Regulation AB. If a field does not include an explanatory narrative, the Depositor determined that the description of the field in Item 1125 of Regulation AB is self-explanatory. Capitalized terms used in the Explanatory Narrative below and not otherwise defined in this asset related document have the meanings assigned to such terms in the Prospectus. Item 3(a)(1) Asset Number Type - No response Item 3(a)(2) Asset Number - No response Item 3(b)(1) Reporting Period Begin Date - No response Item 3(b)(2) Reporting Period End Date - No response Item 3(c)(1) Originator - For Receivables originated by Carvana, LLC, this field will be marked as "Carvana LLC" or "Carvana". For Receivables originated by Carvana FAC LLC, this field will be marked as "Carvana FAC LLC" or "Carvana FAC". Item 3(c)(2) Origination Date - No response Item 3(c)(3) Original Loan Amount - No response Item 3(c)(4) Original Loan Term - The number of scheduled monthly payments for the Receivable. Item 3(c)(5) Loan Maturity Date - The calendar month and year of the current maturity date of the related Receivable, after giving effect to any extensions, due date changes and bankruptcy-related repayment plans. Item 3(c)(6) Original Interest Rate - The annual percentage rate on the contract. Item 3(c)(7) Interest Calculation Type - No response Item 3(c)(8) Original Interest Rate Type - No response Item 3(c)(9) Original Interest-Only Term - Omitted as inapplicable because no Receivable has an interest-only period. Item 3(c)(10) Original First Payment Date - No response Item 3(c)(11) Underwriting Indicator - All Receivables are originated using a single level of underwriting criteria. Item 3(c)(12) Grace Period - The number of months from and including the origination date to but excluding the first payment date. For example, if the origination date is January 31 and the first payment date is March 1, the grace period will be 2 months. Item 3(c)(13) Payment Type - No response Item 3(c)(14) Subvented - No response Item 3(d)(1) Vehicle Manufacturer - No response Item 3(d)(2) Vehicle Model - No response Item 3(d)(3) New or Used - A response of "1" is reported for new Financed Vehicles. A response of "2" is reported for used Financed Vehicles. Item 3(d)(4) Model Year - No response Item 3(d)(5) Vehicle Type - This item represents Carvana's determination and may be considered a different vehicle type by the vehicle manufacturer and others. A response of "98" means the Financed Vehicle is a minivan. Item 3(d)(6) Vehicle Value - No response Item 3(d)(7) Source of Vehicle Value - A response of "98" means that the source of Vehicle Value is the sales price of the Financed Vehicle. Item 3(e)(1) Obligor Credit Score Type - A response of "Bureau" for this item indicates a credit score type obtained from a national consumer reporting company. For each receivable, the Sponsor utilized VantageScore. Item 3(e)(2) Obligor Credit Score - For Receivables with a VantageScore, such number will be the first number presented and preceded by "VS". For Receivables with a FICO score, such number will be the second number presented and preceded by FICO. A blank value represents Receivables whose obligor (and, if present, co-obligor) did not have a VantageScore or FICO Score, as applicable, at origination. For Receivables with a co-obligor present (signified by a response of true for Co-Obligor Indicator, Item 3(e)(5)) and whose obligor and co-obligor had a credit score at origination, this item represents the higher of the credit scores. For Receivables with a co-obligor and whose obligor did not have a credit score at origination, this item represents the co-obligor's credit score. A blank value represents Receivables whose obligor (and, if present, co-obligor) did not have a credit score at origination. Item 3(e)(3) Obligor Income Verification Level - For Receivables with a co-obligor present (signified by a response of true for Co-Obligor Indicator, Item 3(e)(5)), this item represents the furthest extent to which income was verified for the obligor or co-obligor, as applicable. Item 3(e)(4) Obligor Employment Verification - For Receivables with a co-obligor present (signified by a response of true for Co-Obligor Indicator, Item 3(e)(5)), this item represents the furthest extent to which employment was verified for the obligor or co-obligor, as applicable. Item 3(e)(5) Co-Obligor Present Indicator - No response Item 3(e)(6) Payment to Income Ratio - Calculated using verified income in accordance with Carvana's Verification Policy. Omitted for a Receivable where Carvana determined that the calculated payment-to-income ratio is unreliable. Item 3(e)(7) Geographic location of Obligor - The state of obligor's current address as maintained by Bridgecrest Credit Company, as Servicer. Overseas military addresses are noted by their two digit military code. Item 3(f)(1) Asset Added Indicator - "True" for all Receivables in the report related to the month in which the closing date occurs. It will generally be marked "false" for all Receivables at all other times unless the Receivable was added after the close date. Item 3(f)(2) Remaining Term to Maturity - The number of calendar months between the month of the Reporting Period End Date (Item 3(b)(2)) and the month of the Loan Maturity Date (Item 3(c)(5)). This item will be omitted for Receivables that have prepaid, matured, charged off, or are otherwise no longer outstanding. Item 3(f)(3) Modification Indicator Reporting Period - "True" if a modification was made during the reporting period to a material term of the Receivable, including a modification to its APR, principal balance, scheduled payment amount, or term, including payment extensions and monthly payment due date changes. Item 3(f)(4) Servicing Advance Method - No response Item 3(f)(5) Reporting Period Beginning Loan Balance - No response Item 3(f)(6) Next Reporting Period Payment Amount Due - Represents the total amount of interest and principal due in the next reporting period needed for the Receivable to be considered current as of the end of such period, including any amount of past due principal, interest, and fees (other than Supplemental Servicing Fees, which would not be considered Available Funds) outstanding at the end of the current reporting period. Amount will be "0.00" in the case of any Receivable that has been paid-ahead or granted an extension for any amount greater than or equal to the total amount of interest and principal that would otherwise be due to be paid in the next reporting period. Item 3(f)(7) Reporting Period Interest Rate - Reporting period interest rate is the APR on the Receivable at the beginning of the reporting period. Item 3(f)(8) Next Interest Rate - Omitted if the Receivable was Charged-Off or prepaid during the reporting period. Item 3(f)(9) Servicing Fee Percentage - No response Item 3(f)(10) Servicing Fee Flat-Fee - Omitted as inapplicable because the servicing fee is based on a fixed percentage of the loan balance. Item 3(f)(11) Other Loan Level Servicing Fee(s) Retained by Servicer - Omitted as is inapplicable because no other loan level servicing fees are retained by Servicer. Item 3(f)(12) Other Assessed But Uncollected Servicer Fees - No response Item 3(f)(13) Scheduled Interest Amount - Represents the calculated monthly interest amount due based on the Receivable's initial amortization schedule at time of origination. This assumes the obligor pays all amounts due on each due date and thus is not affected by actual payment activity of the obligor or by any other servicing activity. Item 3(f)(14) Scheduled Principal Amount - Represents the calculated monthly principal amount due based on the Receivable's initial amortization schedule at time of origination. This assumes the obligor pays all amounts due on each due date and thus is not affected by actual payment activity of the obligor or by any other servicing activity. Item 3(f)(15) Other Principal Adjustments - Represents the change in principal balance during the reporting period and can be calculated as Reporting Period Beginning Loan Balance (Item 3(f)(5)), minus Reporting Period Ending Actual Balance (Item 3(f)(16)), minus Actual Principal Collected (Item 3(f)(20)), minus Charged-off Principal Amount (Item 3(i)(1)). A negative number for this item indicates an increase to the principal balance of the Receivable during the reporting period, while a positive number indicates a decrease to the balance. Item 3(f)(16) Reporting Period Ending Actual Balance - No response Item 3(f)(17) Reporting Period Scheduled Payment Amount - No response Item 3(f)(18) Total Actual Amount Paid - Amounts received by the Servicer, as paid by the obligor or from any other source, during the reporting period, less any payment reversals (including returns of check payments for non-sufficient funds). This is calculated as the sum of Actual Interest Collected (Item 3(f)(19)), Actual Principal Collected (Item 3(f)(20)), and Actual Other Amounts Collected (3(f)(21)). If payment reversals posted during the reporting period exceed amounts paid during the period, this item is reported as a negative amount. Item 3(f)(19) Actual Interest Collected - Amounts received as interest by the Servicer during the reporting period, less any reversals of interest amounts (including, for example, amounts related to returns of check payments for non-sufficient funds). If reversals of interest amounts posted during the reporting period exceed amounts received as interest during the period, this item is reported as a negative amount. Item 3(f)(20) Actual Principal Collected - Amounts received as principal by the Servicer during the reporting period, less any reversals of principal amounts (including, for example, amounts related to returns of check payments for non-sufficient funds). If reversals of principal amounts posted during the reporting period exceed amounts received as principal during the period, this item is reported as a negative amount. Item 3(f)(21) Actual Other Amounts Collected - Amounts received by the Servicer during the period that are not interest or principal payments, less any reversals of such amounts (including, for example, returns of check payments for non-sufficient funds) and excluding Supplemental Servicing Fees, which would not be considered Available Funds. Item 3(f)(22) Servicer Advanced Amount - No response Item 3(f)(23) Interest Paid Through Date - Represents the posting date of the obligor's last payment that reduced the principal balance of the Receivable. If no payments have reduced the principal balance of the Receivable from its Original Loan Amount (Item 3(c)(3)), this item will be omitted. Item 3(f)(24)(i) Zero Balance Effective Date - No response Item 3(f)(24)(ii) Zero Balance Code - No response Item 3(f)(25) Current Delinquency Status - Refers to the number of days account is delinquent as of the end of the reporting period. If Current delinquency status is reported as "0" the Receivable is not delinquent, is in repossession status, or was charged off or paid in full in the reporting period. Item 3(g)(1) Primary Loan Servicer - A response of "BCC" for this item indicates that Bridgecrest Credit Company services the Receivable. Item 3(g)(2) Most Recent Servicing Transfer Received Date - No response Item 3(h) Asset Subject to Demand - Omitted if no demands for repurchase are made with respect to the Receivable during the reporting period. Item 3(h)(1) Status of Asset Subject to Demand - No response Item 3(h)(2) Repurchase Amount - No response Item 3(h)(3) Demand Resolution Date - No response Item 3(h)(4) Repurchaser - No response Item 3(h)(5) Repurchase or Replacement Reason - No response Item 3(i)(1) Charged-off Principal Amount - A negative number represents a reinstatement of a previously-charged off Receivable. Item 3(i)(2) Amounts Recovered - Omitted if no recoveries are made on a charged off Receivable during the reporting period. Item 3(j)(1) Modification Type - A response of "98" generally reflects administrative modifications, such as modifications to payment due dates. Item 3(j)(2) Payment Extension - No response Item 3(k) Repossessed - "True" for the reporting period in which a Financed Vehicle is repossessed and for all later reporting periods unless the Financed Vehicle is returned and the Receivable is reinstated. "False" if the vehicle had never been repossessed or the Financed Vehicle is returned and the Receivable was reinstated prior to the last day of the reporting period. Item 3(k)(1) Repossession Proceeds - Reported to reflect the amount collected upon disposition of the repossessed vehicle, net of any expenses incurred by the servicer in connection with the repossession during the current reporting period. A negative number will be reported if expenses related to repossession of a vehicle are incurred during (i) the reporting period that the repossessed vehicle was disposed of and such expenses exceed the amount collected upon disposition of the repossessed vehicle or (ii) a subsequent reporting period.