Monday, Apr. 06, 2020, 04:14 PM
Carvana’s rush of recent activities continued on Monday with the online used-vehicle retailer making a move to help buyers who just took delivery.
The company announced on Monday that it is now giving customers up to 90 days to make their first payment.
Customers financing with Carvana are eligible to opt in to the payment extension option, as long as they complete their purchase by April 20.
“Carvana has always been a company intensely focused on doing the right thing for our customers, and in a time when many are feeling the strain between needing safe transportation to an essential job and personal finances, we want customers to know we’re here for them,”, Carvana founder and chief executive officer Ernie Garcia said in a news release.
“Our hope is that those who simply can’t put a vehicle purchase on hold are able to get what they need quickly and easily, so they can keep moving,” Garcia added.
Monday’s announcement arrived after Carvana:
—Landed up to $2.0 billion in origination funding from Ally Financial
—Rolled out its touchless delivery program