Romanians can now buy cars from Carvago with financing from TBI Bank in minutes

The annual inflation rate has increased significantly in Romania over the past year, and the trend could continue until the end of 2022, making it more difficult for customers to buy high-value goods like cars.

To make these purchases more accessible to consumers, TBI Bank has partnered with Carvago, an international online used car sales platform, helping Romanians buy vehicles through the Buy Now, Pay Later (BNPL) solution in a payment plan of up to 60 installments.

TBI Bank is the only approved financing provider on the platform for individuals, offering access to amounts up to 80,000 lei with online approval in just minutes. All customers have to do is enter the platform, choose their preferred car, click the TBI Pay button, then receive a link and complete the loan application online.

“A personal means of mobility is very important for most people because it offers great freedom of movement and leisure, which is why the interest in cars remains high, despite the challenges in the buying process due to the economic environment. The partnership with Carvago allows us to help more people who want to own a car, the support to cover the total cost in an easy and fast way,” said Gergana Staykova, TBI Bank, Romanian market leader.

The Czech company Carvago is an online used car sales platform and recently announced its entry into the Romanian market. The company aims to sell nearly 1,000 cars in its first year of presence on the local market and more than 3,000 units in 2023. The platform also offers products from authorized dealers in Romania, of different brands, with approximately 7,500 Romanian market cars already sold. buyers from other European countries so far.

“Carvago offers a different, more transparent, honest and faster way for people to buy a used car. Our online marketplace offers all potential buyers in Romania a wide selection of cars, with more than 750,000 vehicles listed, from which everyone can choose their dream car. Carvago is simplifying the process, and we can even now finance the acquisition thanks to the partnership we have with TBI Bank, so that we can offer a complete solution to our Romanian customers,” said Jakub Sulta, CEO of Carvago.

About the author