Honcker has combined Carvana's used vehicle retail store into their own platform which let's users get offers on their current car while setting up a new lease with Honcker, all within the Honcker platform. This integration will also be seen on Honcker's mobile app.
According to findings cited by Honcker, around 43% of people trying to lease a car already have a car they need to sell or trade.
“Honcker has already made technological leaps in how people can lease a new car and now, by integrating the process of selling a used vehicle on our platform, we are solving a problem for consumers,” Founder and Chief Executive Officer Nathan Hecht said.
“Our mission is to modernize the car leasing transaction by making it as easy and seamless as booking a plane ticket online,” Hecht said. “Carvana shares our vision for what the future of auto retail looks like, and I couldn’t be more excited about this partnership.”
Honcker started up in 2016 and offers an online vehicle leasing platform that provides prices, transacting, and delivery all through their mobile app. Currently the company boasts partnerships with over 1,000 dealers in 12 states.
“We’re known for our new way to buy a car — entirely online, with exceptional customer service — though it’s just as easy to sell us your car,” Carvana Chief Product Officer Dan Gill said in a news release.
“By offering customers the ability to sell their existing vehicles to us, seamlessly within the Honcker app, we are creating a fast and convenient solution for Honcker users,” he said.
Speaking of Carvana, the company recently brought on Neha Parikh, the President of Hotwire, to their board of directors.
Parikh has been with Hotwire since 2008 and has held roles with Hotels.com including servicing as Senior Vice President.
“Through innovative technology and an exceptional focus on the customer, the Carvana team really is revolutionizing the car buying experience and I am delighted to get to be a part of their journey,” Parikh stated.
“On my first visit to the Carvana offices, I took a picture of their prominently displayed values, one of which is ‘Your next customer may be your mom,’ which I love; relentless customer focus has been central to my career, so I’m thrilled to align with a company that puts their customers first,” she said.
Added Carvana Founder and CEO Ernie Garcia, “We’re proud to welcome Neha to our board of directors. From our first meeting it was clear that her expertise in online customer experience and customer acquisition provides knowledge and perspective that will be highly additive to our board.
“Neha is an immediately impressive person and we look forward to benefiting from the energy and passion she brings to everything she engages in.”