Carvana Launches New Co-Signer Financing for Greensboro Customers
August 30, 2022 at 11:41 am EDT
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Carvana makes its vehicle financing qualification process even easier by offering Greensboro residents the ability to add a co-signer to buy the vehicle they love. By sharing responsibility for the vehicle loan, Carvana customers in Greensboro who qualify may unlock more attractive financing offers, including lower down payments, lower interest rates, or lower monthly payments. 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 termsboth with and
without their co-signerin 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. Carvana's co-signer option allows customers to apply for vehicle financing with another individuallike a parent, child, partner or family memberas 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 Greensboro customers before its official nationwide launch.
Carvana Co. is a holding company. The Company operates an e-commerce platform for buying and selling used cars. On the Company's platform, consumers can research and identify a vehicle, inspect it using its 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle, and schedule delivery or pick-up, all from their desktop or mobile devices. It also provides automated vehicle valuations for buying vehicles from customers with or without a retail purchase, automated financing, vehicle service contracts (VSC), auto insurance, GAP waiver coverage, limited warranty, and other ancillary products. It offers pick-up and delivery options, including pick-up at its vending machines or hubs, and as soon as same day deliveries, depending on the market. The Company's in-house customer advocates are available to answer customer questions that arise throughout the process.