Carvana Vehicles Now Available Nationwide through Bank of America Car Shopping and Financing Digital Platform

Customers Can Qualify for Financing on Bank’s Digital Platform and Shop
Over 15,000 Carvana Vehicles

PHOENIX–(BUSINESS WIRE)–Carvana
(NYSE: CVNA), a leading e-commerce platform for buying and selling used
vehicles, has partnered with Bank of America to offer a streamlined
digital car buying process. The Bank of America digital car shopping and
financing platform will now add more than 15,000 Carvana vehicles to its
existing inventory of both new and used vehicles available via dealers
across the country.

“We always want to give our customers an exceptional experience, whether
they finance with Carvana or work with their own banks,” said Ernie
Garcia, Carvana founder and CEO. “We look forward to introducing even
more Bank of America customers to the new way to buy a car now that they
can apply their Bank of America financing to our vehicles on the bank’s
digital car shopping platform.”

Customers simply visit Bank of America’s digital car shopping tool from
a computer or mobile device. Once there, they can select a Carvana
vehicle, submit an application to Bank of America for immediate
financing terms, finalize the transaction on Carvana.com, and even trade
in their current vehicle, all in as little as 10 minutes. Buyers
purchasing a Carvana vehicle can take advantage of Carvana’s
as-soon-as-next-day delivery and complete their purchase and financing
tasks without leaving the comfort of home.

“We launched Bank of America digital car shopping to offer our clients a
more convenient and transparent experience – from searching vehicles and
dealerships to qualifying for financing all from a desktop or mobile
device,” said David Hollodick, Senior Vice President of Consumer Vehicle
Lending at Bank of America. “With Carvana vehicles added to our
platform, our clients can take the process one step further and finalize
a purchase without ever leaving home. We are delighted to bring this
unique experience to more of our clients.”

All Carvana vehicles listed on Carvana.com and on the Bank of America
car shopping platform are Carvana Certified, meaning they have all
undergone a rigorous 150-point inspection, have no frame damage and have
never been in a reported accident. Features, imperfections and updated
information about open safety recalls are listed on the car’s vehicle
description page. Additionally, every Carvana vehicle comes with a 7-day
return policy, giving the customer the time to ensure the vehicle fits
their life. Whether it’s installing car seats or testing the turning
radius in a tight parking garage at work, it’s an upgrade to the
traditional four right-hand turns around a dealership block.

About Carvana (NYSE: CVNA)

Founded in 2012 and based in Phoenix, Carvana’s (NYSE: CVNA) mission is
to change the way people buy cars. By removing the traditional
dealership infrastructure and replacing it with technology and
exceptional customer service, Carvana offers consumers an intuitive and
convenient online car buying and financing platform. Carvana.com enables
consumers to quickly and easily shop more than 15,000 vehicles, finance,
trade in or sell their current vehicle to Carvana, sign contracts, and
schedule as-soon-as-next-day delivery or pickup at one of Carvana’s
patented, automated Car Vending Machines.

For further information on Carvana, please visit www.carvana.com,
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Contacts

Carvana
Amy O’Hara
602-558-7848
press@carvana.com