Insane offer from Carvana.

[flyvertigo]

I ran my Maverick XL Ecoboost AWD 4K tow through Carvana's website to see what they would offer me.
More than $11,000 more than i paid for it. Should I sell?
My cost $22,135
Sold to Carvana $33,163
Cavana Price $35,590
Changed to $34,990
Changed to $34,590
Changed to $33,990 SOLD
Carvana profit $827
https://www.carvana.com/vehicle/2735818

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[OleFordGuy]

Different strokes for different folks but think I’d let ‘em have it

 

[Automate]

Don't forget, the IRS generally requires you to pay capital gains on that $11K

 

[Executech]

I ran my Maverick XL Ecoboost AWD 4K tow through Carvana's website to see what they would offer me.
More than $11,000 more than i paid for it. Should I sell?

I would at that price, then find yourself a nice used ranger as an upgrade.

 

[Newfrontporch]

Unless you don't need it, don't like it, can't afford it, or really need the money then selling isn't worth it.

 

[mav_kev]

Then what?

 

[flyvertigo]

Don't forget, the IRS requires you to pay capital gains on that $11K

What if you are retired?

 

[flyvertigo]

I would at that price, then find yourself a nice used ranger as an upgrade.

I sold my Ranger that I had for 19 years and put 194k miles on to get the Maverick.

 

[flyvertigo]

Then what?

Probably just drive the Highlander I have.

 

[jwilson]

Don't forget, the IRS requires you to pay capital gains on that $11K

That and don't forget the sales tax you paid when buying the truck, and any sunk costs of interest if you've been making payments. Might not quite be $11k in pure profit.

 

[flyvertigo]

Unless you don't need it, don't like it, can't afford it, or really need the money then selling isn't worth it.

I do like it.....but...$11,000

 

[flyvertigo]

That and don't forget the sales tax you paid when buying the truck, and any sunk costs of interest if you've been making payments. Might not quite be $11k in pure profit.

Yes, I do understand all that.

 

[bgn]

I'd sell.

 

[commadorebob]

What if you are retired?

I'd say talk to a tax advisor if you are thinking about taking it. Capital gains are reportable regardless of earned income.

 

[lavaspill]

I think you might not pay capital gains if your income is under $40000. Definitely talk to a tax advisor.

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