While this definitely is true for a lot of shoppers I’ve heard from a few people that they are drawn to using Carvana for the simplicity, time savings, and expectation(?) that they won’t be jerked around like they would at a dealer. Without a doubt there’s a lack of due diligence here to pay over MSRP for a used vehicle, but I can see how it’s working, especially lately.
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I just purchased my 2020 Civic sport 3/26/21 for $19,100 and they offered me $24,471 two days ago. Im waiting for them to verify ownership now. Seems to good to be true.
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Insane!!! but look up to post 38, people are actually buying these off Carvana above MSRP lol. Civic Sport is breaking the algorithm.
$19,125 was my selling price…your OTD was $19,100?!
I have no other plausible explanation to offer. 
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$19,100 was the selling price.
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I’m slightly upset that you beat me by $25. But my quote is $194 higher. So we will call it a draw 
Every single asset class including the used car market is upside down and going absolutely insane thanks to the federal reserve and your friend powell!!
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+1 for EX as well. My payoff is 19,061 for my 2020 Honda Civic EX, CarMax gave me an offer for $24,400…If I sell, I get $5,339 in profit
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I would sell immediately and jump into a new civic lease since they are leasing very well ahead of new 2022s coming out
Agreed, good point.
I’m going to run my car through carvana vroom etc. Last I checked vroom had me with approximately $1200 in equity. If that somehow moves above $2000 in the next month or so I’m going to get rid of it and use that equity towards a new lease right away.
Yeah but what you gonna lease next? Everything rn is leasing pretty sh*tty… gotta keep that in mind.
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That’s exactly our problem right now.
Waiting to see what May brings. Fallback is going to be a one pay or purchase on the exact same car but a 2021
All set for pickup. It’s scheduled for 2 days before my May payment is due to give us time to find something new, and continue to drive our ‘free’ car to use up the 1k additional miles that the offer is valid for. I am the literal worst 
$4,630.86 - $600 in payments so far = $4,030.86 net profit. So our Civic lease will end up being -$1,343.62 per month for about ~3300 miles driven total.
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How much will a new Civic cost you over this one?
Profit $4,030.86/36mos = $119.97/mo. Original payment $200. So breakeven would be $319.97 on a lease. I am confident that one can lease a Civic Sport for less than $319.97/mo 
If there are no incentives on it in May, and if there are no other good deals, we are considering financing or paying cash for a brand new one but I prefer to lease. Cash numbers not considering finance charge:
$23,845 MSRP
10% layup discount: $21,460.50
+6% tax = 22,748.13
+$230 doc fee, +$100 title/reg fees = $23,078.13
- $4,630.86 equity = $18,447.27
Compare that to $20,034.14 current payoff - ahead by a net of $1586.87.
But to answer your question simply, there is no loyalty but there is higher RV and $650 dealer cash. So with April numbers on a 2021 and a 10% discount here is the calc:
$235/mo, $235 DAS. $1260 additional cost. $4,030.86 - $1,260 = $2,770.86 ahead, or $77/mo, “effective lease cost” of $158/mo.
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Nailed it. You’re also not accounting for how much profit you’ll be able to sell that one for, too.
Just ran some numbers. Big increase in equity from 2 weeks ago. Have nearly 2500 equity from carvana offer. What I’m thinking of doing is taking that equity and putting it to work on another lease asap.
Problem is the transition of making the offer on a new lease while selling my car to carvana or vroom. I drive everyday and have only 1 car so would need to make something work where I’m not without a ride. Unless I just go to the dealership and see what honda is going to offer me. Make the trade and grab a new lease same day.
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If you didn’t know, Carvana accepts up to 1000miles from the mileage that you submitted. So, if your commute is not extreme, you still have an opportunity to use the car while searching for another one!
I hear ya. I’m in the same boat. 1 car only and would be immobile without a car (live in NJ suburbs) although I could theoretically live without a car for a few day (spoiled).
Once you get Carvana to lock in amt and pick up date, start seriously shopping. I’m sure you’ll have a few days until they come to pick it up. Start looking at preliminary numbers now. Even if you sign a new lease 1 or 2 days before they pick up, it’s not a big deal.
I theoretically signed on a new car on 3/31 and my transferee didn’t come to pick up the car till 4/6. I just had to carry insurance on both cars for that ~1week. Although my contract was back dated to 3/31 I didn’t sign the new lease/pick up the car until 4/7. (I was overseas on 3/31 when I agreed to the lease)
Good luck 