Insane offer from Carvana.

[shark978]

and we wonder why price is so high on everything. its because there is way too much money and not enough trucks. 3 trillion in covid aid still going (i didnt get any, but you can bet a lot of mega rich fatcats did). what would be a real price where you'd see these on lots? i bet 50k. only then would the trucks catch up to the money.

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[bearsfan647]

Carvana prices are based on Manheim Market report OR MMR. Also geographic area of country makes difference. The south and West coast pay more for trucks than East coast. Take your 11k, order another one, rinse and repeat. You seem to have flipped one already. Consider the next Maverick essentially what a car that will cost you 10k total with all the profits.

And people say it’s wrong to order multiple if you never even got one?

Think I will be flooding the banks next year. Every dealer within 250 miles that doesn’t require a deposit will have an order from me.

 

[boe757]

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?

when opportunity knocks - answer the door

 

[MAVornoMavisthequestion]

And people say it’s wrong to order multiple if you never even got one?

Think I will be flooding the banks next year. Every dealer within 250 miles that doesn’t require a deposit will have an order from me.

At this point if you can't beat them join them. Ford is a laughing stock of how they screwed up Maverick and Bronco ordering.

 

[flyvertigo]

when opportunity knocks - answer the door

I did!

 

[forkspider]

I have an offer for $8500 over what I paid, think I might be in a new z71 Colorado sooon oops

 

[paneubert]

I wonder how related these recent crazy offers might be to the fact that Carvana is still managing to make a killing over the competition when it comes to gross profit per sale. Yeah, paying us a lot for our Maverick eats into it, but it looks like they are doing just fine when it comes to profit per sale. Went from ~2,500 per sale to ~4,000 per sale in the first quarter.

See:

 

[Kmart]

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

My CPA says that capital gains tax is not required on a vehicle sale unless the vehicle is registered to a business. Probably because no one ever made any $ selling a used vehicle before this recent insanity so the IRS never had to deal with it

 

[jsus]

My CPA says that capital gains tax is not required on a vehicle sale unless the vehicle is registered to a business. Probably because no one ever made any $ selling a used vehicle before this recent insanity so the IRS never had to deal with it

Time to find a new CPA.

 

[Kmart]

Time to find a new CPA.

Are you a CPA?

 

[Ted Lewis]

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?

OUR OFFER IS READY
We’d love to buy your car. Let’s get started.
Your Carvana Offer
$33,657

 

[jsus]

Are you a CPA?

Irrelevant question.

Did yours provide you a copy of the guidance or regulations from the IRS that explicitly provides this alleged capital gains tax exemption for personally owned vehicles, but not those owned by a business entity?

 

[Kmart]

Irrelevant question.

Did yours provide you a copy of the guidance or regulations from the IRS that explicitly provides this alleged capital gains tax exemption for personally owned vehicles, but not those owned by a business entity?

I did not ask for it that is what I pay him for, so in fairness for me to believe your comments are based on fact I would expect you to be a CPA or to provide a copy of the guidance or regulations from the IRS that explicitly provides this alleged capital gains tax is not exempt for personally owned vehicles. The main difference is that business vehicles are normally depreciated on taxes and therefore subject to recapture in some cases

 

[jsus]

I did not ask for it that is what I pay him for, so in fairness for me to believe your comments are based on fact I would expect you to be a CPA or to provide a copy of the guidance or regulations from the IRS that explicitly provides this alleged capital gains tax is not exempt for personally owned vehicles. The main difference is that business vehicles are normally depreciated on taxes and therefore subject to recapture in some cases

So, that was a no. But we're supposed to believe "my CPA said, but did not show me", when the IRS is notorious for always wanting their cut any time you make money, and resources all over the web will confirm this extends to profits on personally owned vehicles.

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