Not totally on topic but I’m about to buy from Carvana and the car is a 2018 with 20k miles so it worries me it was a rental - it says private lease on Carfax but how accurate is that? Doesn’t show car ever services either really.
Anyway it seems that it is possible that it’s legit as you guys are able to sell cars to them and move on to another hack? Think it’s safe buying sight unseen?
So what is this secret car and it’s secret price?
Oh hah - sorry no secret. It’s a 2018 230 convertible for $31k
Have you looked at bmw dealers yet for a loaner or demo? Not sure what 230 we’re talking about, guessing bimmer
Not sure I would buy it sight unseen although they do have some sort of return policy right? If you do buy it I’d have someone check it out when you get to make sure it hasn’t been wrecked.
Don’t rental cars say rental on carfax?
You’re at the mercy of what gets reported I guess. Both accidents and rentals.
But it’s not an absence of something being reported. If it was reported as a private lease, it probably was.
Also seems an unlikely model for a rental. Agencies go for something they can buy in bulk at lower prices like a Buick Cascada or an American pony car.
FWIW, I haven’t seen a rental report as anything other than corporate fleet or rental. Have never seen one report as private lease vehicle.
I think in my family we’ve bought 4 ex rentals and haven’t had any major problems with any of them. If the price is right I don’t care that much. The most recent was a Camaro convertible, ultra low miles and super cheap, had to replace a wheel, other than that no issues.
Honestly I had more issues with a Craigslist car than I ever had with the rentals.
Thanks for the replies - it’s set my mind at ease. It just concerned me that 20k in 11mths would be killer handing the lease back - maybe they dumped it because of that.
The spec also doesn’t look fleet or rental - usual stuff but then the hk audio upgrade, wireless charging and Apple upgrade and stainless pedals etc.
Sorry for going off topic but thanks.
I’m not sure you can speculate that much in depth. My dealer has odd loaners that you wouldn’t expect to be loaners.
Shoot for something still in warranty and you should be ok.
I had Carvana pick up my 2016 Prius 3. Out of Carvana, Vroom, and Shift, Carvana offered me the most — $1940 over my lease buyout price! We were about 9k under our allocated miles, so it was nice to be able to recoup some of that in the form of lease equity.
There was some back and forth about what exactly I needed to obtain from Toyota with regards to documentation, but after that was settled I was able to set up an appointment within a few days and received a check on the spot.
Overall, very happy with the process and the outcome.
Saved your dispo fee too!
Since I got some great info from this thread, I thought I’d share my experience. Especially for those leasing through Chrysler Capital.
2016 Dodge Challenger SXT+ through Chrysler Capital. 5 months before lease end date.
Local Dodge dealer offered $14-15000 (almost insulting). KBB Instant was $16,420. Carmax offered $18,000. Carvana offered $19,343.
Carvana’s offer ended up being just a hair under my payoff amount, so I decided to pull the trigger. Wanted to get in something with four doors sooner than later and avoid any lease-end hassle.
Day 1: Accepted my Carvana appraisal. Uploaded my payoff statement, ID, registration, and cashiers check.
Day 2: Carvana requested my Chrysler Capital payoff statement again. I resent.
Day 3: Carvana ended up 3-way calling me with Chrysler to get the dealer payoff. The amount was the same, but the copy Chrysler provided me explicitly says it cannot be used to sell to a dealer. After a few more hours I was emailed a link for to schedule a pickup time.
Day 4: The local Carvana office, which was a small building at a local DriveTime dealership, called. They offered me a $25 gas card if I would bring the car over that evening instead of having the truck come out the next day. I did. Signed a couple documents, handed over the check, and drove off. I completely forgot to ask for the gas card, so they overnighted it to me along with some other Carvana swag.
Day 9: I realized I forgot my sunglasses in the car. I called the local office and he called back a couple hours later. He found the car was is Indianapolis and had someone check for him. They were found and at my doorstep two days later.
Day 17: I received an email from Cavana saying that they some important documents were being overnighted to me and would need to be returned ASAP. They claimed there was an “error” on the original paperwork I signed.
Day 18: Received the documents. They had me notorize and sign some documents relating to a lost title and re-sign some of the documents I had already signed at the local office. Seemed weird to me, but after talking to them on the phone I sent them back out the same day.
Day 19: Got an email from Carvana that the payoff was overnighted to Chrysler Capital. They provided the tracking number. The amount was $20 more than the payoff. I’m guessing because it was after the 10-day payoff statment expired, but not really sure.
Day 24: Called Chrysler Capital since my account does not show closed online. It does say the payoff was received, but the next payment is still showed it was coming due. They said it was received and I should not pay anything more. They claimed the website takes “a long time” to update.
Day 31: Account now shows past due. I call Chrysler Capital to follow up. They say that my account is closed and the online account can take “a month or more” to update to closed status. Again, they said not to pay anything and it was not truly past due. They offered to send send a letter to prove the account was closed. I accepted and will await the letter for my own peace of mind.
Although it was not as quick and painless as I hoped, everyone I dealt with on Carvana’s side was very nice and responsive. It does seem that Carvana is offering $400-500 more for the car even with additional miles. Maybe I should have played the timing game, but that’s life.
How long does it take from when you accept the offer to when they come pick up the car? Is it pretty quick?
About 3-4 days
I’m selling my Camry to Carvana too. Do we need to pay sales tax in addition to the buyout price? And did you ask Carvana to get a 10-day dealer payoff? Thanks!
You are selling not buying, no sales tax.
Thanks. I called Toyota Financial Services and the agent said I have to buy this leased car and then sell it to the third party, so I need to pay the sales tax… Was he wrong?
Carvana is a dealer so no sales tax.