Hello Guys,
Just want to share my Chevy Volt Lease buyout timeline. I had 2 Chevy Volts which has the lease expiration on Dec End 2021. I saw the used car sale prices and decided to buyout the car lease and sell on Carvana/vroom/shift etc.
Chevy Volt 1 - 9500miles (Very low mileage)
09/17/21 - Mailed Payment of $17454
10/19/21 - Original signed dealer Title received by mail
10/20/21 - Registration Done at DMV. Paid tax of $1660
11/4/21 - New Title Received
11/6/21 - Car Sold with Carvana for price of $23572
Profit - $4458.
Plus I received $350 from GM. Not sure about the category, but I guess it is due to the buyout 2 months early.
Chevy Volt - 2 - 15100 miles
10/21/21 - Mailed payment of $16925
11/08/21 - Original signed dealer Title received by mail
11/09/21 - Registration Done at DMV. Paid tax of $1609
11/26/21 - New Title Received
12/01/21 - Car Sold for $26376.
Profit - $7842
I have applied for a tax refund and explained the situation that it is impossible to sell the car within 10 days. I have low hope, but never know.
This is from SF Bay Area, CA
Tips:
In Carvana, if you create a login and then get a quote, the quote is valid for 3 weeks, I think(Definitely not 7 days). When you have all documents ready, get another quote. You will be surprised.
I tried vroom/shift/carvana and Carvana gave the best price.