Auto vertical Carvago.com has tied up with Santander Bank to provide Carvago users with leasing services and credit loans.
Santander Bank will provide car leasing services through its Santander Consumer Multirent platform, which will be the only such offer for Carvago users willing to buy a car located either in Poland or imported from other European countries. Santander will also offer its Santander Consumer Bank’s loan offer as one of the partners of Carvago.
Carvago launched in Poland in July. The company lets users buy and sell a used car online and gives access to several ancillary services. Currently, the site lists over 600,000 cars from a network of cooperating dealers from six countries in Europe.
When a user chooses a car, the company checks its history according to the VIN number and carries out a free car audit. If the car does not pass it, the site offers an alternative model to the client. The selected vehicle is delivered within 20 business days. There is a possibility to return the car for 14 days without giving a reason. All cars purchased on Carvago are covered by a 6-month warranty.
Carvago is a startup from the Czech Republic owned by a group of private investors, including Jakub Šulta, the company CEO (Linkedin profile).
The auto category in Poland is dominated by Prosus-owned Otomoto.pl. Other important verticals include Automarket.pl, Autotrader.pl and AAAauto.pl. Horizontals OLX.pl, Gratka.pl and Allegro.pl also hold strong positions in the category.