Carvana Continues Rolling out New Co-Signer Financing in Richmond
Carvana (NYSE: CVNA) enhances its vehicle financing process by introducing a co-signer option for Richmond residents. This allows qualified customers to add a co-signer, potentially unlocking better financing terms such as lower down payments and interest rates. The simple online application process poses no credit score impact. As the second largest used automotive retailer in the U.S., Carvana aims to modernize car buying while assisting customers in achieving more affordable financing during challenging economic times. The co-signer feature is set for a nationwide launch following its initial rollout in Richmond.
- Introduction of co-signer option may lead to better financing terms for customers.
- Allows customers to apply online without impacting credit scores.
- Recognition as the second largest used automotive retailer in the U.S.
- None.
Customers Can Now Easily Add a Co-signer When Financing with Carvana
Carvana improves affordability for car buyers with new co-signer option for qualified Richmond applicants. (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 Richmond 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
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220907006119/en/
press@carvana.com
Source: Carvana
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