Did you see the quoted amount to Carvana anywhere on the Turn-In settlement Invoice?
In my case, there was a $500 difference between my quote and Carvana’s, but when I got the Turn-In Settlement Invoice document, it didn’t show that amount at all.
I feel like they are a bit shady about the extra amount they charge other dealerships.
Been thinking about selling my lease to Carvana and the price drop has been wild. I was almost near $29k 3 weeks ago and now they’re offering $26300. Woof. Looks like I’m keeping it or transferring!
Hi, we are the end of the lease on our Lexus RX350. I know we should have started this ideally a while ago but here we are! The car is in excellent shape, still has the new car smell. It was leased and is only at 27450K miles. We thought we would sell, and use the differance to figure out our next vehicle. This is what Carvana is offering. Is this fair? And what is this “local market” thats eating up almost 5K? Thanks, guys!
KBB- 33563
Adjustment (local market) 5248
Your offer- 28315
In short, they’re claiming the local market is garbage for your vehicle right now (hard to sell, etc). I’ve seen this number be positive most of the time up until very recently. You need to know what the buyout on your Lexus is in order to make a proper decision.
Hi, we are the end of the lease on our Lexus RX350. I know we should have started this ideally a while ago but here we are! The car is in excellent shape, still has the new car smell. It was leased and is only at 27450K miles. We thought we would sell, and use the differance to figure out our next vehicle. This is what Carvana is offering. Is this fair? And what is this “local market” thats eating up almost 5K? Thanks, guys!
KBB- 33563
Adjustment (local market) 5248
Your offer- 28315
Sold one to carvana A few months ago, and replaced it today. Started working on the second car (MDX), and their offer changed by -4000 In 30 days. That’s a wild swing on a 48k car.
Not sure if anyone else has noticed, but here in the NY area, quotes for my cars have a negative “local market” adjustment… I guess that means they are now saturated with inventory here… Oh well!
sold a 2019 mini cooper countryman phev today. Had a year left on the lease, but would’ve needed tires and avoided the termination fee. Had $1500 in positive equity and they handed over a check. Carvana was the highest quote of any of the major car buying services.
Like everyone says it was 10 minutes, a few pictures and signed it over. Funny part about my market in WI though is that they said a tow truck will come in the next 48 hours to pick it up. No flat bed truck. So it’s still sitting in the driveway. The lady said that people are disappointed and waiting for the truck to show up.
I couldn’t find an answer above because there are so many messages but can someone tell me the exact process for selling a leased car to Carvana or someone like them. I was talking to my friend about it the other day because he has equity in his Murano. Residual value is $18k+ and Carvana offer is $20K+. He has concerns because he’s not familiar with Carvana and doesn’t want there to be any issues with the transfer that will cost him later. He’s in NJ so tax has only been paid on depreciation. I’m not sure if that matters. So what is the process? At what point is NMAC paid off? What assurances are there that they are paid in full? When would my friend be paid. Also, is there anyone who handles the process the best or would you just take the best offer between Carvana, Vroom, Carmax, etc.? Anyone else I’m missing? Thank you.
