Partnership puts the car buying experience online – from finance to purchase to home delivery

Irvine, Calif. – April 24, 2018 – Carvana (NYSE: CVNA) and SpringboardAuto today announced that they have teamed up to offer SpringboardAuto customers a seamless, end-to-end vehicle finance, purchase and delivery experience for Carvana’s 11,000+ national vehicle inventory. The partnership means that SpringboardAuto customers can now easily apply their online finance approval to Carvana vehicles, so they can buy from home and have their vehicle delivered as soon as the next day.

Carvana is a leading e-commerce platform for buying used cars, where customers can purchase their vehicle entirely online in as little as 10 minutes, and see it in their driveway as soon as the next day. All vehicles are Carvana Certified and have passed a rigorous 150-point inspection, have never been in a reported accident, and have no frame damage. Features, imperfections and updated information about open safety recalls are listed on the car's vehicle description page. Additionally, all customers get a seven-day test-own period to determine if their vehicle fits their life.

“We are pleased with the Carvana partnership, which puts our customers not only in control of their auto financing, but also of the purchase process,” said Jim Landy, CEO and Founder of SpringboardAuto. “The combination of Carvana’s easy-to-use car buying platform and certified inventory and our auto finance technology solution means that SpringboardAuto customers can not only finance a car in the way they choose, at the speed they want, but they can also complete the purchase the way they want. From selecting the car to completing their financing to delivery of the car, everything can be done online from the customers’ home, office or wherever they choose.”

As an auto fintech innovator benefitting consumers with a mobile-friendly, auto finance solution that simplifies secure online transactions, SpringboardAuto aligns with Carvana’s mission to change the way people buy cars.  

“Carvana is the new way to buy a car, putting consumers back in control of the purchase process,” said Christina Keiser, Carvana’s senior director of strategic partnerships. “SpringboardAuto shares that goal, and we look forward to working together to create exceptional customer experiences.”

SpringboardAuto was developed to enable a better car buying and financing experience online with transparency and predictability, while reducing the biggest customer pain point, which is time. SpringboardAuto’s proprietary technology offers real-time financing tools, including a loan configurator that lets consumers personalize approved loan terms; a secure portal to easily upload documents; instant approvals; titling services; and white-glove customer service.

Customers are responding enthusiastically, as evidenced by a recent Google review from Melissa: “This was the easiest, simplest process in purchasing a vehicle known to man. SpringboardAuto's easy to use software gives the buyer the ability to privately set the rate, term and down payment by letting you punch in different vehicles at various price-points…I could just look at cars online, punch in the specs and have the time to think out the purchase decision without being pressured. The team I worked with were helpful, knowledgeable and friendly. I can't say enough about how excellent this company has been across the board and would HIGHLY RECOMMEND.”

“Our mission is to make auto financing and purchasing faster, easier, and more pleasant for consumers and, working with Carvana, we are able to do just that,” concluded Landy.

About SpringboardAuto 
SpringboardAuto (http://www.springboardauto.com) is an automotive digital retail company and technology solutions provider created by industry veterans and backed by CUNA Mutual Group. SpringboardAuto’s proprietary technology was architected by experts who saw gaps in the digital auto-buying experience. The company’s mobile-friendly, auto finance solution simplifies a secure online transaction for customers, dealerships and private sellers. Additionally, the company offers a complete suite of end-to-end technology, marketing and fulfillment services to credit unions, banks and other partners as an extension of their member and customer experience. As a complete digital ecosystem, SpringboardAuto is empowering the industry and revolutionizing the auto fintech landscape.

Media Relations 
Melanie Webber, mWEBB Communications, (949) 307-1723, melanie@mwebbcom.com
Angela Jacobson, mWEBB Communications, (714) 454-8776, angela@mwebbcom.com