Carvana won’t work with NMAC so he’ll have to try Vroom, ALGO, etc.
1 Like
Thanks Max. Glad I checked here.
Carvana finally posted our BMW we sold to them on Aug 16th. 1 1/2 months later and a $1110 markup. I don’t see this one making them anything besides financing costs.
in my case, I provided a payoff statement that went stale during the time I was waiting for pickup.
So, Carvana used that amount for the payoff, but I made the last payment, too. I knew this going into pickup.
About two months later, Hyundai Motors Finance issued a refund check to me for the overpayment.
YMMV
Sold one to Carvana in August of this year, and I was under the impression that they would take care of all the paperwork with DMV as well, since the person who came to inspect the car had me sign over the papers so they could get power of attorney over the car. My car registration for California is suppose to be due in Dec, and I ended up receiving a renewal today in the mail, did I do something wrong? I know normally I’m suppose to report my sale to DMV but I thought I did not need to through Carvana sales transaction. I must be mistaken?
Anyone else in CA that has some feedback for me would be appreciated to get this all sorted.
I sold to carvana twice. The first time I did nothing and I got my renewal in the mail as well. Second time I went to the DMV website and filled out the form.
My carvana sale was completed in August and just received the confirmation from tfs about payoff and msd refund on 10/10. Took 6 weeks. Was beginning to think the payoff got lost.
My timing on Tundra (SETF) was a bit better. Agreed to sell on Sep 9, vehicle picked up on Sep 15. They had someone pick it up and drive it away. My next monthly payment was due on Sep 18, it was rejected by SETF as the account had been paid off. I called to confirm when I would receive MSDs - they said 30 days after account paid in full (so October 18). Check arrived on Oct 13. I turned plates in the day I sold it so that saved ~$400 in registration/property tax, which had been due 4 months earlier, but Covid granted us a 5 month reprieve - so I got to drive around those 4 months for free (from a tax perspective).
If VW Credit’s payoff quote to Carvana is more expensive than their payoff quote to me, can I purchase the car from the VW Credit and then sell to Carvana, or will I be liable for more taxes (in CA)?
Well that was a bust. Carvana’s offer was $1000 more than my payoff/residual value, but when Carvana called VW Credit, their payoff was $3000 more than my payoff. In addition, they wouldn’t be able to move forward with it anyway since apparently the Carvana request cannot be within 60 days of maturity. Mine ends in 36 days.
Doesn’t VW require you to buy it out from the dealer and pay $$$$ on inspection and dealer fees? I am in the same boat right know and don’t know what to do. I was also thinking to sell it to Carvana but after reading your post below, I am even more pissed off their business tactics. This will probably my first and last VW lease.
VW’s payoff quote to me was residual value with nothing more added. I don’t know how taxes would work though.
Yes, but they will ask you to visit a VW dealer to get it inspected first and that cost ~$900 plus dealer fees. They told me that’s required. Unless they BS’d me on the phone.
mine is plus tax which is still lot less than the market value of the car. I could easily sell it private party and make $3-4k profit as I have only 24k miles on it and in excellent condition. Did they tell you how you can make the payment, check, online? I am trying to reach out to them for days now and they are not even responding to the messages. A nightmare 
I’ve already had the inspection. They did it through a third party. They came to my house and it didn’t cost anything.
Their payoff quote includes instructions for payment - mailing a certified check, not online.
Try calling them. It’s a long wait, but for me they let me leave my number and they called me back in an hour instead of my having to wait for an hour on the phone.
1 Like
Awesome, I hope that’s not just a regional thing, I am in Arizona. So they actually send you a letter with instructions, mail or email?
Yup. I called them, asked them for a payoff letter and they emailed it to me 5 minutes later with instructions.
1 Like
Nope. Sold my tiguan to carvana a few months ago. A few hiccups but in the end I broke even.
Anyone in California have to deal with buying out a lease from US Bank? They just sent me my pink slip with all my info filled in as the buyer and theirs as the seller. Now carvana called me and said I need to get a fresh pink slip from the DMV before they will buy the car. But I only have 10 days to transfer the car to a third party or I have to pay the taxes right?
If I start the transfer process with the CA DMV and it takes them a few weeks to send me a fresh pink slip can I still save on paying the taxes?
Tundras were hot last few months. Autonation Toyota down here in South FL pursued me to by my Tundra. It was a SR5 TRD Off road with all the options for the trim. 17k miles. Offered me 41k for it. Saw they had it posted next day for $44,900. Carvana was 38k, Carmax was 37k. ALGO matched the 41k but was better off selling to the dealer, no fees involved.