Carvana Continues Rolling out New Co-Signer Financing in Memphis
September 08 2022 - 3:19PM
Business Wire
Customers 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 Memphis
residents the ability to add a co-signer to buy the vehicle they
love. By sharing responsibility for the vehicle loan, Carvana
customers in Memphis who qualify may unlock more attractive
financing offers, including lower down payments, lower interest
rates, or lower monthly payments.
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Carvana improves affordability for car
buyers with new co-signer financing option in Memphis. (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 Memphis
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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version on businesswire.com: https://www.businesswire.com/news/home/20220908006031/en/
Carvana Communications Kristin Thwaites press@carvana.com
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