My vehicle was recently in a minor accident. I was stopped and someone hit me from behind. The vehicle is a 2018 Jeep Grand Cherokee Overland ($52k MSRP) and the total damage was $4,000.
I went and got an offer from Carvana.
Vehicle without the accident = $32,460
Vehicle with the accident = $24,577
That’s a $7,883 difference which is about double what the damage on the vehicle was to begin with (has been repaired by the Jeep dealership)
So then I look at the details and I see that magically the KBB value is different (shouldn’t be), that the local market adjustment is different (shouldn’t be), and then there’s the deduction for the accident (which is fair).
What is up with that? Carvana wants to dock 25% of the value of the vehicle for a fender bender? Seems like a scam!
I’ve attached the 2 offers for everyone to see.
