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UW Credit Union Launches Novel Carvana Auto Partnership

9/17/2019

A New Way to Buy Used Autos: Fully Online Buying Experience, 7-day Guarantee

MADISON, WI – September 17, 2019 – A new leading e-commerce platform that makes shopping for used cars simple, affordable and completely virtual is UW Credit Union’s newest offering for members.

In as little as 10 minutes, from the comfort of home or on the go via their mobile device, Madison and Milwaukee members can shop more than 19,700 vehicles on carvana.com and schedule an as-soon-as-next-day vehicle delivery. Members also have an easy trade-in option as Carvana makes a firm offer on a car in less than two minutes, eliminating the stress of having to sell their old car.

Carvana has high quality standards for used autos – each vehicle is low mileage, has no accident history with no frame damage, and is run through a 150-point inspection, reviewing everything from tread tire depth to thickness of brake pad and paint quality.

“With the partnership UWCU has with Carvana, members get the best of both worlds,” says Tyler Mann, UW Credit Union’s director of consumer lending operations. “They receive world class service from our expert lenders in addition to buying a car simply online. UW Credit Union helps members through the education process of buying a car, while Carvana takes care of peace of mind.”

The virtual buying experience is made easier with Carvana’s patented 360-degree photo technology that lets shoppers get a real-life feel for a car before buying. Members can buy with confidence as every vehicle comes with a 100-day/4,189-mile warranty and a unique-to-the-industry 7-day money back guarantee, giving them time to ensure the vehicle fits their life.

Real-time financing is handled online by UW Credit Union at time of purchase or members can get pre-approved for an auto loan before considering Carvana.

Mann said that top credit member feedback for those purchasing vehicles through Carvana is convenience of the online process followed by value, selection of newer used vehicles, transparency of the vehicle condition, quick delivery and the auto guarantees.

"Members are enjoying the convenience of the online process that they can complete on their own time when their schedule allows," says Mann. "Carvana offers transparency on all of the newer used vehicle conditions which our members appreciate so they can decide which car is right for their needs.”

About UW Credit Union
UW Credit Union is a growing, federally insured financial institution and a leading provider of a full range of financial services to University of Wisconsin communities. UW Credit Union's over 600 employees serve the financial needs of more than 250,000 members through world-class technology systems, and through a convenient network of 27 branch locations and over 100 ATMs. With assets exceeding $3 billion, UW Credit Union is ranked nationally among the leading credit unions. Founded more than 85 years ago by members of the University of Wisconsin community, UW Credit Union continues to operate as a not-for-profit, member-owned financial cooperative with locations in the Madison, Milwaukee, Stevens Point, Green Bay, Oshkosh, Whitewater and La Crosse areas.

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