Carvana Brings New Co-Signer Financing Option to Durham Customers
Carvana has introduced a new co-signer option for car financing, aiming to enhance affordability for customers in Durham. This feature allows qualified individuals to share loan responsibility, potentially unlocking better financing terms like lower interest rates and monthly payments. The process is user-friendly and does not affect credit scores. Carvana, recognized as the No. 2 automotive brand on Forbes' 2022 customer-centric list, continues to expand its reach, serving over 80% of the U.S. population across more than 300 markets.
- New co-signer option enhances affordability for customers.
- Potential for lower down payments and interest rates increases accessibility.
- Carvana recognized as a top automotive brand by Forbes, enhancing brand reputation.
- None.
Customers Can Now Easily Add a Co-signer When Financing with Carvana
Carvana improves affordability for Durham car buyers with new co-signer financing. (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
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 Durham customers before its official nationwide launch.
Carvana was named the No. 2 automotive brand in the
About Carvana (NYSE: CVNA)
Founded in 2012 and based in
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Source: Carvana
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