Carvana offering auto buyers extra time to make first payment

Posted at 10:42 AM, Apr 07, 2020
and last updated 2020-04-07 13:42:51-04

Carvana announced Monday that customers who finance with the company will have up to 90 days to make their first payment.

The Tempe-based online vehicle retailer said eligible customers would be able to take advantage of the offer as long as they complete their purchase by April 20.

First payments typically are due about 30 days after a customer receives a vehicle, and the promotion adds an additional 30 to 60 days.

The move to add flexibility to financing is part of Carvana’s COVID-19 crisis response, which includes increased sanitation and “touchless” deliveries, pickups and appointments at the company’s vending machines.

Read more from the Phoenix Business Journal.