My Carvana Offer

[C J Cox]

Carvana is hemorrhaging money... but that's not so unusual for a start up. The car market has not done their business model any favors. Will they survive?? Time will tell...

I sold an 11 year-old Toyota we weren’t using to Carvana May 2022. The experience was good, unlike Carmax they paid in a real check and not a bank draft.

Interesting that the rep did not arrive in their distinctive rollback seen on their commercials. He Uber’d to my home “we don’t use them except on high-end purchases. They’re very expensive to operate and the company is doing lots of cost-cutting.” He added he likes his job but worried about being laid-off.

Selling to Carvana right now is OK but based on my conversation with the rep, I’d not recommend buying something from them even if the price was reasonable (very unlikely).

The discussion in this thread about capital gains is informative. Current market conditions are unusual and I doubt IRS has any mechanisms to track sales.

I would be very careful about discussing making a profit from a vehicle sale in this forum or for than matter with anyone.

Why? I worked for a government agency and the most frequent source of tips about violations come from pissed off family members, friends and neighbors. We didn’t look for problems but when a tipster made us aware, we were required to investigate.

Big brother’s not watching (they do have toll-free numbers though) but your family members, friends and neighbors are.

Just my $.02.
edit: grammar

Sponsored

 

[cavemold]

It's amazing how Carvana can be all over the place with their offers. I'd check with Carmax before you sell, Carmax has beaten the Carvana price on three different vehicles I sold.

definitely need to do due diligence

 

[999]

Yep.

When used cars have non OEM wheels used car managers get suspicious/cautious.

They or any other dealer don’t care if you have Bronco Sport wheels or the tailgate assist. Most time aftermarket add ons reduce the trade in price.

 

[ValenciaOrange]

Carvana is not offering high prices for the Ford Maverick truck as they have been doing. I just submitted my truck again and the quote was lower than what I paid for it. $22,871. About 7k lower than a month ago. 1300 more miles.

My neighbor Just sold his 2022 65k Tesla with 4200 miles to Carvana. They gave him 56k.

There stock is in the toilet. They probably have more cars than they can sell. Business has probably slowed down for them.

 

[Rojo]

My truck is coming next week so I had caravan quote my current vehicle, a nearly 12 year old Nissan Versa. With it being in perfect running condition, a few body dings, they offered me $639. It felt like an insult, honestly.

I could easily get $5000 if I sold this car myself. I'm going to ask $3500 for trade in from the dealer.

 

[Suzukiridr14]

I got* $29,996 for the same thing without the tonneau, warranty, bed mat, or mud flaps from Carvana. Hybrid XL I put 1k miles. I do have moonroof and rear sliding window.

Vroom and driveway only offered me $23k.


*Edit: offered, not accepted. It would take at least 40k for me to give this thing up right now.

They only give you an offer on what's on the window sticker ( not sure about the ext warrantee) anythink you add later on, won't add value to the offer.

 

[Laetum]

I got an offer yesterday for $31,500 on my bare bones XL. The only option I added was the bed tray. Paid $21,450. It was not Carvana or Carmax, but a trade-in dealer I love in Orange County. I can highly recommend them.

 

[DavidLs]

Ok Sad to say I sold my Bare bone XL with door trimm and bug shield to Carvana. I made 9K on it. Got on line to order another one. Dealer was the same one I went trough before. I was suprised I wasnt the only one doing this. Well my 2005 Ranger is still holding up 300K Miles If the old girl can just make it till the new Mav gets here. I will be fine.

 

[cavemold]

XLT Hybrid + Co-Pilot360, Cabin 120V/400W outlet, Sliding Rear Window, Hard Drop-In Bedliner

DFW area

Current 5/29/22 Carvana offer is $34,889 with 1439 odometer miles

MSRP price was $24,620 but I paid 1.8% under at $24,174. Total Out-the-Door price was $26,068 that included $1,551 in sales tax, $150 doc fee and $193 in other state fees.

So Carvana's offer is $8,821 over my Out-the-Door price or $10,269 over MSRP.

My previous Carvana offers were $32,974 on 5/2/22 and $31,196 on 4/13/22 so the current offer has increased by $3,693 in just 1.5 months.

If these inflated prices hold I plan to order a MY2023 Maverick XLT Hybrid and sell my current Maverick XLT Hybrid and use the proceeds from that sale to lower my cost by over eight thousand dollars.

Did you sell yet ? Check it again it’s gone down

 

[huunvubu]

Did you sell yet ? Check it again it’s gone down

Not with Vroom. Today's current offer from Vroom is $34,500

Carvana is currently not offering much because they are struggling as a company and have too much Maverick inventory.

 

[jsus]

Not with Vroom. Today's current offer from Vroom is $34,500

Carvana is currently not offering much because they are struggling as a company and have too much Maverick inventory.

Mavericks in particular given that they were offering up to around $10k over MSRP, so a lot of people chose to flip theirs to Carvana, who in turn bought too many for unreasonably high amounts... Other models haven't seen quite the same hit.

 

[huunvubu]

Carvana is not offering high prices for the Ford Maverick truck as they have been doing. I just submitted my truck again and the quote was lower than what I paid for it. $22,871. About 7k lower than a month ago. 1300 more miles.

My neighbor Just sold his 2022 65k Tesla with 4200 miles to Carvana. They gave him 56k.

There stock is in the toilet. They probably have more cars than they can sell. Business has probably slowed down for them.

Get a quote from Vroom as Carvana is low balling offers.

My Vroom quote today is $34,500 vs Carvana's low ball offer of $28,547 for the same exact Maverick XLT Hybrid. That is a difference of $5,953 in Vroom's favor.

It pays to shop around.

 

[huunvubu]

Carvana's offer has increased since the last low ball offer on 7/24 of $28,547.

Current offer on 8/7 is now $30,280 which is still way to low as Vroom is currently offering me $34,000.

 

[SiGmA_X]

Driveway paid the most for my Hyundai Ioniq. It varies day to day for each company too.

Sponsored