Carvana Debuts New Co-Signer Financing in Charlotte
Carvana (NYSE: CVNA) has introduced a new co-signer financing option for customers in Charlotte, aimed at simplifying vehicle financing. This allows customers to share responsibility for the vehicle loan, enhancing their chances of securing more favorable financing options such as lower down payments and interest rates. The process is designed to be user-friendly, enabling applicants to see their financing terms immediately without affecting credit scores. The new offering targets new drivers and young adults, with plans for a nationwide rollout.
- Introduction of co-signer financing option for Charlotte customers, simplifying loan process.
- Potential for lower down payments, interest rates, or monthly payments for customers.
- User-friendly application process that does not impact credit scores.
- Appeals to new drivers and young adults looking to build credit.
- None.
Customers Can Now Easily Add a Co-signer When Financing with Carvana
Carvana now offers co-signer financing to qualified Charlotte 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 Charlotte 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/20220830005686/en/
press@carvana.com
Source: Carvana
FAQ
What is the new financing option offered by Carvana?
How does the co-signer option benefit Carvana customers?
Where is Carvana's co-signer financing currently available?
What impact does the co-signer process have on credit scores?