Carvana Launches New Co-Signer Financing for Miami Residents
Carvana (NYSE: CVNA) enhances its vehicle financing process for Miami residents by introducing a feature allowing customers to add a co-signer to their loan applications. This move aims to provide customers access to better financing options, such as lower down payments and interest rates, thereby improving affordability. The new co-signer option is particularly beneficial for new drivers and young adults looking to build credit. Carvana is recognized as the second largest used automotive retailer in the U.S., fostering a customer-centric approach and leveraging technology for car buying.
- Introduces co-signer option, enhancing financing accessibility for Miami customers.
- Potential for lower down payments and interest rates through co-signing.
- Targeted at young adults, helping them build credit.
- Carvana is recognized as the second largest used automotive retailer in the U.S.
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Customers in Miami Can Now Easily Add a Co-signer When Financing with Carvana
Carvana debuts co-signer financing in
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
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Source: Carvana
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