Yea I’d never sell a proper car to a dealer. Things like my STI or my old lotus Elise. Will get hosed by dealers on that. This was just because wanted to get out of her lease. We are moving to Chicago and downsizing.
Downsizing is always good. I tend to get stressed out as the amount of things and clutter in my life increases, which is inevitable if you have kids. Even though I miss my fun cars, having that money in the bank and more open space in the garage has been great!
It’s funny that you mentioned Lotus. A few years ago, I sold my Elise to a private buyer who paid more than my asking price as it was his dream to own a Lotus. Another great private buyer transaction. You’re right, I wouldn’t even attempt to sell a high demand/enthusiast car to a dealer.
Good luck with the move to Chicago.
Sold the 2016 WRX Limited 6MT with 27k to Carvana last night. Payoff was 23,941.16
Offers from:
Carmax 20k
Vroom 22k
Trade In Solutions (Local Buyer) 22,500
Carvana 24k!!!
Had 4 months left on the lease, avoided those payments, disposition fee, car was just about ready for 4 tires, and had a nice shopping cart door ding that pushed in the door trim - don’t think PDR would have saved that one. Avoided paying for all this, and got a check for 174.00!!
I did the online form, got a call the next day. Three days later they called to schedule a pick. Pickup time rolls around and the driver says that they are stuck in traffic. 30 more min pass and they called back and said they would have to reschedule another pick up time OR we could drop the car off. Drove it to the local Drivetime dealership, turns out they are partnered up with them and have a small office out of there. Filled out the paperwork, cut us a check. Since we had to drop the car off, they paid for a Uber back home and gave us a 50.00 amazon card! I think we did alright. Would recommend them to anybody on here if the numbers work. Gonna miss that Subaru, but I think the 340i should fill its place fine for the next 3 years. Not sure if any 6MT will be left then…
6 Likes
Carvana is amazing to deal with. I sold my car too and I found their prices to be way more competitive than other platforms.
2 Likes
MT is officially dead on the G20 3-series
2 Likes
I had a less than stellar experience with Carvana on my leased 2016 VW EGolf. They offered significantly more than CarMax. The sale was a no-brainer ($2500 above payoff). They picked up the car in June – I signed the papers and got checkafter a 5-minute inspection (side note: the driver crashed his truck into a post during pick-up so he was pretty anxious).
In July VW Credit bills me for another lease payment while I was overseas (surprise #1). Turns out Carvana short-paid VW, who then did not release the vehicle. I was still getting the bill for the lease. The registration also remained in my name, so I received a registration renewal from the DMV (surprise #2). Long story short it took 5 long phone calls to get everything straightened out with VW/Carvana. To Carvana’s credit, the tech support was very accommodating and apologetic. Lesson learned is always check with the creditor to make sure the transaction is complete.
8 Likes
Just sold my 18 civic si to Carvana. They offered me 1k more than vroom. Just picked up. Quick and easy.
1 Like
Sold my 2016 Prius about one month ago. Carvana gave me about $1500 above payoff and they put it up at about $1700 on top of that. Car was fully loaded, in great condition and relatively low miles.
Had a wonderful experience with Carvana. Started the process during Labor Day weekend, after I saw that the lease had some equity in it. Customer service is great, always very courteous and answered my questions on the process. The representative came right on time, was really sweet, and everything was taken care of within 5 minutes.
Vroom was about $1500 less than Carvana, and I didn’t even bother with Carmax; after their last lowball about two years ago.
Really hope that companies like this conquer their market share and stay in business for many years to come. Profit margins seem to be relatively thin (my case in particular).
Hopefully they sell their cars. Looked at some of their used car selections and holy hell are they expensive.
1 Like
Surprisingly I see a lot of sale pending. I still don’t understand how they make money if I bought my civic si for 21,800 and they give me 23k for it? There might be some kinda tax advantage but I’m more than happy with the offer I got. CarMax lowballed me as well, they said I won’t get a better offer. Guess they were wrong
I’m about to do the same. Where you leasing from Honda? Curious if the payoff is the same as the calamder they have on their website?
Worried that because I’m selling the car , there will be extra free I don’t know a put.
1 Like
Mine matched up. There were no fees. Carvana took the liberty to call them as well to get the 10 day payoff
I remember reading somewhere here that honda financial was still charging the $350 disposition fees.
Wow, saw this thread and checked my Caravana price. I’m about 2K positive on my 18 Crosstrek limited. Time to try to hack again!
1 Like
My guess is that they are willing to lose a little on the chance you’ll buy from them, which I’m sure 90% of the people who are selling /trading to them are doing.
1 Like
wait, you sold the car off and only made $45? Why would you do that?
Better than having negative equity like my current mini for under 2K from payoff amt.
and no dispo fee
Because we wanted out of the lease. Had the car for 14 months out of the 36 month lease. Wasn’t a great deal, she wasn’t too happy with the car (handles like a boat), and wanted to get something smaller for our new city.
Selling privately would suck, doubt would have been able to get anyone to pay $39k for the Lexus when they can go to a dealer and get one for similar. All dealers were offering $1-3k under the payoff.
I gotta harp this everywhere, no one “made money” on this. We still paid $7500 for the car over 14 months. We just didn’t have to pay more to get out. Which can be a rarity ESPECIALLY on luxury cars
3 Likes
Thanks! Very good insight.
2 Likes