Carvana Debuts New Co-Signer Financing in Raleigh
Carvana (NYSE: CVNA) enhances its vehicle financing by allowing Raleigh customers to add a co-signer, potentially unlocking lower down payments and interest rates. This feature enables customers to apply alongside their co-signer via Carvana's website or app, receiving financing terms quickly without affecting credit scores. This initiative is targeted at new drivers and young adults looking to improve their credit, and it will be available nationwide soon. Carvana is currently the second largest used automotive retailer in the U.S., serving over 80% of the population.
- Introduction of co-signer option may lead to increased vehicle sales due to more attractive financing offers.
- Positioning as a customer-centric brand reinforced by Forbes recognition as a top automotive brand.
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Customers Can Now Easily Add a Co-signer When Financing with Carvana
Carvana improves affordability for
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
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.
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Source: Carvana
FAQ
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