Once they accept the offer and all paper work is in, you can keep delaying the pickup time and time again. The 7 day offer thing is only for the offer to be finalized. Once it’s finalized you are locked in.
Who has had success selling a GM Financial lease to Carvana?
So far I’ve sent the third party auth to GM and Carvana, but still waiting on Carvana to request payoff from GM for a few days now. I’ve texted them multiple times and asked if they could speed it up but no luck.
Nope, that is it. Get the form sent into GMF, and upload a copy to Carvana’s site as well. It took 3 days with my deal. I just texted to confirm that I had uploaded the forms, and got a call about 3 days later. As long as they have all the required forms from you, they will hold the deal open 30 days, just confirm they have everything needed from you, via text.
Done with fucking Carvana. Uploaded all documents and did the whole dog and pony dance of getting the lease payoff from GM Financial… Took about 3 weeks and that put me within 60 days of lease end. Today they told me they can’t buy the car because it’s within 60 days of lease end and to extend the lease. LOL fuck these guys. I’m out. Good luck everybody.
Sell your car to another dealer instead of carvana. You’ll be putting in hours and hours of work to get carvana to not buy your car. If your time is worth anything, sell to another dealer. Plus you get to drive the car for another 2 months.
I made thousands in profit selling my off lease truck to Carvana. Seemingly, Carvana is out for market/share and growth at the expense of their profit margin. Thinking out loud…Is there a feasible model to profit from buy/leasing new and/or used cars and simply flipping to Carvana? What pricing/data models would help identify the “prime” most profitable targets?