Yeah, I talked with a Carvana rep that told me they have to pay the tax just like I would if I purchased it. I didn’t think that was correct.
Just anxious to complete the process. Gotta wait and call Honda tomorrow.
I am almost finished with the Carvana process now. Just waiting for pick up and payment now. I understand removing the license plates, but do you really need to notify the dmv of the sale?
What forum did you list it?
I’ve sold 2 with Carvana now. My 2016 Hyundai accent was 2 years old with 13k miles and got $800 more than my payoff.
Second was a 2012 mazda3 sedan with 91k miles with minor rear quarter damage (easily fixable at a body shop) and got about $600 less than I wanted but I was tired of people on OfferUp and decided to dump it.
Quoted out my 2019 Ford fusion, I owe $19600. Carvana offered $15,500 and Vroom $17,000. The car is 5 months old, was just trying to see what I could get for it if I decided to get an SUV.
All experiences have been A+.
Which state? In NY you have to surrender your plates if they are not going on a new car.
I’m in Ohio. I don’t know if other states are the same, but leased car plates aren’t transferable here.
I’ve just never had to contact the dmv before to tell them I didn’t have a certain car anymore. Guess I just figured it would be handled by Carvana. No big deal. Just something to write about on here, lol.
Ford Fusions are good cars. Too bad they depreciate so rapidly. Good to lease them or buy a 3+ year old one.
Yeah, NY DMV keeps a tight leash on insurance info, so if you cancel it for whatever reason, DMV will send you angry notices for insurance lapse violation until you surrender your plates.
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If there is such a thing as a “Release of liability” form in Ohio, at the very minimum, fill that out and send it in.
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When you guys submit “appraisals” to Vroom, carvana, etc how do you answer the “What price are you expecting” question?
I just submitted a request to Vroom Sun night but left that answer blank. My logic is I could cap it on the high side; not sure if these companies would try and reach up if you were about $500-$1K apart.
Does anyone have any experience negotiating with either Carvana or Vroom? Are they set in stone with their appraisals?
Well, Vroom was calling me every day after I got my initial quote. I finally picked up and spoke with a nice lady who I told I got a better offer from Carvana. I also told her I had done modifications to the vehicle, which to my surprise she said would actually increase the value of the vehicle. She said she will pass all the info to their sales team and they will get back to me within 48 hours. However, 5 minutes later I got an e-mail with their initial quote and she calls once a week now. So I would say potential for negotiation is there.
Anyone know if Carvana change their policy on buying lease vehicles. Got an email after I accepted their deal. Said the following.
“Thank you for taking the time to submit your vehicle for a value with Carvana. At this time, we are not able to move forward with purchasing your vehicle as it looks like the maturity date(12/30/2019) is within 60 days of today and we are unable to move forward with the purchase of a leased vehicle within 60 days of the maturity date. We do apologize for any inconveniences at this time and hope that you’ll consider Carvana in the future for any vehicle purchases and/or sales.”
They were $300 higher than Vroom and $500 higher than Carmax so a little disappointed
Thx for the info.
First time using a service like Carvana. I must say from getting an apprasial to getting the car sold and picked up was extremely painless. The inspector came and was done within 5 minutes. All they did was take photos of the car, confirmed it turned on and drove away. Will definitely use them again!
Carvana was 300 dollars better than VROOM
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Anyone that sold to carvana what type of check did they give you, normal or cashiers or certified check? and how long did it take to clear for you, I know depends on bank but most big banks are the same I use Chase.
I tried both Vroom and Carvana and for the “What price” question I put what I felt was the right number based on NADA “clean” trade-in. Vroom came back $3800 lower than NADA, Carvana came back $2400 lower than NADA. Yet if I go search Cars.com for my make, model and rounded up mileage, I can see that the asking price is about $4000 more than NADA - so that tells me that both Vroom and Carvana were low-balling. Not impressed thus far TBH.
$6400 spread will cover business costs. Maybe some profit. If seems like a lot but after you pay for the tech, employees, the appraiser, depreciation, regulatory charges, insurance, storage, transportation, advertising, risk, dividends (maybe), Salaries for everyone else, what’s left for profits? That $6400 doesn’t even seem worth it anymore.
Understood. It can be an interesting model to sell but I’m apt to try and private sell to try for bigger yield without their overhead based on my interactions.
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