PHOENIX – Car retailing pioneer Carvana is making its financing process easier by letting Huntsville residents add a co-signer when they buy their vehicle.
Carvana’s co-signer financing is available to qualified Huntsville customers before its official nationwide launch, the company announced. Carvana is an innovator in buying and selling used cars online.
“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,” said Ernie Garcia, Carvana founder and CEO. “As we continue our work to improve and modernize the automotive experience for people, this feature provides the opportunity to qualify for lower payments, lower interest rates, or less cash upfront which helps in this economy.”
Carvana.com enables customers to shop more than 75,000 vehicles, finance, trade or sell their current vehicle to Carvana, sign contracts and schedule delivery or pickup at one of its patented, automated car vending machines.
By sharing responsibility for the vehicle loan, qualified Huntsville Carvana customers may unlock more attractive financing offers, including lower down payments, lower interest rates, or lower monthly payments.
Customers can 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 credit scores.
Carvana’s co-signer option lets customers apply for vehicle financing with another individual — such as a parent, child, partner or family member. This option can help unlock more attractive financing terms and 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.
Carvana was named the No. 2 automotive brand in the U.S. as designated by the Forbes 2022 Most Customer-Centric Companies List. Carvana has become the second-largest used automotive retailer in the U.S. and one of the fastest companies to debut on the Fortune 500.
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