Sold my RAM off lease to Carvana…
I leased a 2019 RAM truck. (old purchase info here: Signed! - 2019 RAM 1500 Bighorn $231/mo. 24m/10k. 985 Total OOP)
Lease end coming up this June so I started to get quotes to sell to Carvana, Vroom, Dealership.
Carvana was highest offer by far at $36,700. (Vroom was $33k, Dealer was $31k)
The FCA buyout including 2 remaining payments was ~ $30,100. So i had $6600 in equity.
( also note the truck had less than 12k miles - didn’t drive as much with pandemic and WFH)
Process with Carvana took 2 weeks total with a few calls. They came one time, inspected, test drove, and cut me a check. They placed a key locker on window and tow truck driver came to get it 2hrs after inspector.
Very happy with Carvana deal…and very pleased that my equity paid for my entire lease!!!
The RAM dealer said there’s no way he could come close to $36k buyout and he would take that deal too!!! 