PHOENIX, Dec. 19, 2016 /PRNewswire/ -- Bolstering its partnership program with credit unions, Carvana has teamed up with Associated Credit Union to provide its members with access to thousands of vehicles available on Carvana's online platform. Recognized as the 3rd most entrepreneurial company according to Entrepreneur magazine's Entrepreneur 360™ List, Carvana allows Associated Credit Union members to take control of the car buying process by removing the need for haggling and hidden fees, and replacing it with a comprehensive online car buying experience. Customers have the ability to search for, buy, and sell their car entirely online in 20 minutes or less without ever stepping foot inside a dealership. Furthermore, all our cars are accident-free, undergo our 150-point inspection, and are reconditioned to meet our Carvana Certified standards.
The partnership streamlines the purchasing process for the more than 160,000 Associated Credit Union members by allowing them to receive pre-approval at one of its 27 locations in the Metro Atlanta and Augusta area. In turn, Associated members can browse Carvana's inventory of more than 7,000 vehicles, complete the purchase online, and have their car delivered as soon as the next day. Members may also take advantage Carvana's 100-day/4,189-mile bumper-to-bumper warranty and its 7-day money back guarantee, which enables customers to return their vehicle for any reason and receive a full refund.
"We're always looking for new and innovative services for our members that provide value and convenience. Carvana is the perfect partner for automotive sales, as its online platform takes the haggling and frustrations out of the purchasing process," says Tom Maiellaro, vice president of marketing for Associated Credit Union. "This partnership allows us to be able to provide an even greater level of service and convenience to our members, and we are confident they will benefit from the new way to buy a car that Carvana has introduced."
According to recent reports from the National Credit Union Administration, consumers who finance a vehicle through a credit union instead of a bank receive a lower interest rate by an average of 2.8 percent. Along with the lower interest rates, Associated Credit Union members can also benefit from an average savings of $1,461 versus Kelley Blue Book's suggested retail price that Carvana customers realized in 2016.
"We want consumers to make informed decisions when purchasing a vehicle and feel empowered by having control over their selection," states Ernie Garcia, CEO and co-founder of Carvana. "We're excited to offer Associated Credit Union members a shopping experience where they can be in the driver's seat and find the best vehicle for their needs. Our model is very similar to credit unions, as we are both dedicated to offering a transparent experience and providing the best service to our customers. We're committed to continuing this level of service and dedication to Associated Credit Union members."
For more information on purchasing a car through Carvana, Associated Credit Union members can visit: www.carvana.com/acu.
Founded in 2013 and based in Phoenix, Ariz., Carvana's mission is to give customers a better car-buying experience by removing the dealership infrastructure and replacing it with technology and exceptional customer service. By leveraging e-commerce technology, Carvana has transformed car buying, creating a start-to-finish online shopping platform that has allowed customers to complete their purchase in less than 15 minutes, and in 2016, saved customers an average of $1,461 per purchase versus Kelley Blue Book's suggested retail price. Additionally, Carvana launched the world's first-ever automated, coin-operated Car Vending Machine in Nashville, Tenn. Carvana offers consumers an intuitive and convenient online automotive retail platform, with a fully transactional website that enables consumers to quickly and easily buy a car online, including finding their preferred vehicle, qualifying for financing, completing the purchase and loan with signed contracts, and receiving delivery or pickup of the vehicle as soon as the next day. Carvana cars are guaranteed to be accident-free, undergo a rigorous 150-point inspection, and feature a 100-day/4,189-mile bumper-to-bumper warranty, as well as a 7-Day Test Own period during which customers can return their car for any reason for a full refund. Carvana continues to revolutionize the car-buying process through technology, transparency and great customer service, while eliminating the pressure, hassles and hidden fees that come with buying from a dealership.
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