Carvana Continues Rolling out New Co-Signer Financing in Savannah
Carvana (NYSE: CVNA) has enhanced its vehicle financing process by enabling Savannah customers to add co-signers for auto loans. This new feature can lead to better financing options such as lower down payments, interest rates, and monthly payments. Customers can easily apply alongside their co-signer via Carvana's website or app, with no impact on credit scores. The initiative targets new drivers, young adults, and families, further positioning Carvana as a leader in customer-centric online automotive retail, as noted by its recognition as the second most customer-centric brand by Forbes.
- Introduction of co-signer option could attract more customers, especially young adults and families.
- Potential for better financing terms, like lower payments and interest rates, enhances customer appeal.
- Recognition as the No. 2 automotive brand by Forbes reinforces Carvana's strong market position.
- None.
Customers Can Now Easily Add a Co-signer When Financing with Carvana
Carvana now offering co-signer financing to qualified Savannah 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 Savannah 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/20220825005615/en/
press@carvana.com
Source: Carvana
FAQ
What is the new co-signer financing option by Carvana (CVNA)?
Who can be a co-signer for Carvana vehicle financing?
When will Carvana's co-signer financing option be available nationwide?
How does adding a co-signer impact credit scores?