Insane offer from Carvana.

[Mav_27]

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?

Wow got the same truck, I’m going on to look now

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[RatherBeDrivingaManual]

That is an insane offer, my XLT hybrid offer is $31,000

 

[flyvertigo]

That is an insane offer, my XLT hybrid offer is $31,000

I agree.

 

[willj96]

I have a 2022 Lariat FX4 with 4K Tow Package, however it shows up as an XL on Carvana. Have about 31,000 miles and they offered me a little over $29,000. Checked my trade-in value on KBB and NADA Guides and it was mid $30k

 

[Fcnrwy]

I ordered it with the intent of keeping it and driving it till the wheels fall off.

That's what "I" intend on doing...
Jerry

 

[TopGun22]

I would sell, drive the highlander and order a better 2024 model in July.

The reason why the XLs get crazy resale compared to higher trims is they are actually harder to find used because all fleets have snatched the XLs and since so many allocations have gone to companies not selling them they get an "insane offer"

 

[Telemachus]

I would sell, drive the highlander and order a better 2024 model in July.

The reason why the XLs get crazy resale compared to higher trims is they are actually harder to find used because all fleets have snatched the XLs and since so many allocations have gone to companies not selling them they get an "insane offer"

I sold my '22, bought a '23 Hybrid XLT.

Certainly worth the trade up.

But I do miss the XL interior...

 

[Deleted member 23340]

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

Only if you're total taxable income is over 44,625k for the year with the gain. If it's under, you pay no tax. Depends on how you do your taxes. Over 44,625 pays 15% tax.. Which would be about 1,650... Still over 9k profit

 

[Deleted member 23340]

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

Not sure a used ranger is an upgrade...

 

[Deleted member 23340]

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?

This is an easy decision. If it's truly an 11k+ profit, and you have another vehicle to drive, sell it! This is a rare time (that will probably not repeat) that consumers can actually make a chunk of money off of buying/selling/trading vehicles instead of the immediate value loss when driving off a lot. Plus you have the new order banks opening in July if you want to buy a new one.

I sold my '22 with 10k miles for a 7500 profit and got a 23...renewed warranty, back to zero mileage, changed to the color I really wanted and put some money in my pocket. Capital gains won't apply to me because I won't have total taxable income over 44k.. But if you will on your taxes, then you will have to pay 15% on capital gains....which in your case is approximately $1,650 on 11k.

 

[Walter56]

Wow. It's not a hybrid so do it.

 

[TomD]

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

At 40%! If after selling those gains were used to purchase another truck could that tax be avoided?
I actually have been wondering about doing the same thing. If it wasn’t so hard to get another truck I would do it.

 

[NextTruck]

That's what "I" intend on doing...
Jerry

That's what he was thinking.................

 

[NiceDawg]

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?

Wow, I ran my hybrid XL thru and they were only $3k over. I'd say take it as not too sure if their long-term viability. Helped an older couple sell their 2013 VW convertible and carvana offered $10,000 more than the lowest price that was offered from other folks.... But that was 7 months ago... Which carvana location did you get the offer from? As I would think that different markets have different values

 

[Grumpa]

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?

If the offer is valid.... Sell, don't pass go!

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