Carvana Debuts New Co-Signer Financing for Jacksonville Residents
August 22 2022 - 2:18PM
Business Wire
Customers in The Bold City Can Now Easily Add a
Co-signer When Financing with Carvana
Carvana (NYSE: CVNA), the industry pioneer for buying and
selling used cars online, makes its vehicle financing qualification
process even easier by offering Jacksonville residents the ability
to add a co-signer to buy the vehicle they love. By sharing
responsibility for the vehicle loan, Carvana customers in
Jacksonville who qualify may unlock more attractive financing
offers, including lower down payments, lower interest rates, or
lower monthly payments.
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Carvana brings co-signer financing to
Jacksonville. (Photo: Business Wire)
Adding a co-signer couldn’t be easier. Customers can simply
apply alongside their co-signer and include the co-signer’s
information on Carvana’s website or app. Customers will see their
financing terms—both with and without their co-signer—in a matter
of seconds with no impact to either individual’s credit score. If
eligible customers want to move forward with a co-signer, Carvana
collects driver’s licenses and other documents from both
individuals and schedules a delivery where both individuals must be
present to check out the new ride.
“Since day one, Carvana’s core values have guided our mission of
creating a better car buying and selling experience for people and
we’re thrilled to launch our co-signer offering during a time when
the opportunity to help customers is bigger than ever,” says Ernie
Garcia, Carvana founder and CEO. “As we continue our work to
improve and modernize the automotive experience for people, this
feature provides the opportunity to qualify for lower payments,
lower interest rates, or less cash upfront which helps in this
economy.”
Carvana’s co-signer option allows customers to apply for vehicle
financing with another individual—like a parent, child, partner or
family member—as an option to help unlock more attractive financing
terms. This benefit is ideal for new drivers or young adults,
especially those looking to build up their credit scores as fall
semesters begin or as they get started in their career. This
offering also benefits couples or family members looking to expand
their selection of affordable inventory, as well as anyone who
wants the best possible financing offer to purchase their next car.
Carvana co-signer financing is available to qualified Jacksonville
customers before its official nationwide launch.
Carvana was named the No. 2 automotive brand in the U.S. as
designated by the Forbes 2022 Most Customer-Centric Companies List.
This recognition reinforces the company’s leadership as the fastest
growing used auto retailer in U.S. history proving it has
successfully changed the way people buy – and sell – cars,
demonstrated by its industry-leading Net Promoter Score (NPS) and
4.7 out of 5 star customer experience rating average. Carvana
serves more than 80% of the U.S. population across more than 300
markets. With a continued focus on people-first values,
industry-leading customer care, technology and innovation, Carvana
has become the second largest used automotive retailer in the U.S.
and one of the fastest companies to debut on the Fortune 500.
About Carvana (NYSE: CVNA)
Founded in 2012 and based in Phoenix, Carvana’s (NYSE: CVNA)
mission is to change the way people buy and sell cars. With a
continued focus on its customers, technology and innovation,
Carvana offers an intuitive and convenient online car buying,
selling, and financing experience. Carvana.com enables customers to
quickly and easily shop more than 75,000 vehicles, finance, trade
in or sell their current vehicle to Carvana, sign contracts and
schedule delivery or pickup at one of its patented, automated Car
Vending Machines. Carvana is a Fortune 500 company, providing
as-soon-as-next-day delivery to customers in over 300 U.S.
markets.
For further information on Carvana, please visit
www.carvana.com, try our Online Chat, or connect with us on
Facebook, Instagram, Twitter, YouTube or the Carvana Blog.
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Carvana Communications Kristin Thwaites press@carvana.com
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