Sold my 2018 Dodge Charger Scat Pack which was nearly fully loaded at $51k. 8 month early lease buy out from Chrysler capital was $31,646.63, carvana offered me $37,405. Walked away with $5,758.37 in my pocket. Few hiccups here and there like getting the correct payout but it was figured out. 3 weeks later they sold the car for $42k, made as much as I did but I’ll take it. No dealer could compete or would even return my email or calls to buy the car. Lease was $497/m 36 months and only first payment due at signing. Can’t complain at all.
Vroom gave me a solid offer, carvana literally won’t send me a quote.
Carvana took a 2018 Jeep Grand Cherokee Sterling Edition off our hands. 5 months are remaining on the lease. Chrysler capital buyout was $24,873 and Carvana offered $26,761. Vrooms offer was close at $26,703.
It was a little annoying trying to get the Dealer Payoff Quote. One guy sent me the Customer quote despite me asking for the Dealer. Next guy informed me that they could not send the Dealer quote to me because I am not the Dealer…makes sense. I then gave them Carvana’s fax number, but they said Carvana needed to be on the line asking. Next attempt I tried to get a three-way call going and it was a mess. Finally, I just called pretending to be Carvana and told them to fax it to “us”.
This was the 3rd car I have sold to them. Process was easy as usual. They do a quick walk around and take some pics. Make sure the car works and they’re off.
Thanks to this forum I sold my lease with $3000 equity to Carvana. I would never recommend using Vroom in a time crunch (aka me, waiting until last minute to sell before a move.) I actually was offered almost $500 more from Vroom for my Subaru, so I called Vroom last week (12/17) to have them help me get the dealer payoff and they wouldn’t call Subaru, they asked me to send in the customer payoff if I couldn’t get the dealer payoff, it didn’t make sense why they were so unhelpful. I waited the weekend, never heard back from Vroom, and Monday morning (12/21) accepted Carvana’s offer. I called Carvana’s customer service, and had the most helpful representative who called Subaru Motors Finance and made sure everything went through verification to scheduling an appointment, although it did take almost 2 hours she stayed with me on the phone the whole time through approval. For anyone who marks scuffs or scratches she did ask me to text a picture but that did not change my payoff quote. I live in a major metro area & was offered a pickup date as soon as this Thursday (12/24) but I scheduled for Sunday (12/27). I’m super pleased with Carvana so far and haven’t heard one word back from Vroom. I justified that they would probably deduct for that scratch anyway and I don’t have time to mail things back and forth or chase them down for a check at my new address.
Update: I easily rescheduled again on my phone for 12/29 9:30am pick up. The rep was right on time, took some pictures but nothing crazy. He didn’t come with a hauler, but actually drove my car away to park it somewhere for the tow truck. I chose instant payment (no fees) and immediately got my $3000 into my checking account. I have never heard back from Vroom and from what I’ve read on that thread, I’m glad I went with Carvana!
I sold my 2013 bmw 328 to Carvana for 12k.
It had 71k miles on it relatively low but rwd makes it hard to sell in midwest. Cracked windshield, cracked bumper, several scrathes dents. Some crayon stain on seats:) I am sure it would be a tough sell on private market without some TLC and I didn’t have any time or desire to do it. Was really worried about cracked windshield but no questions were asked.
She came didnt even run the car. Hand me the check. Made me felt I am getting a bad deal:)
Very easy process very happy with the results. Now I can truly enjoy my Stelvio lease.
Just finished selling my wife’s leased 2018 Chevy Cruze. The hardest part of the deal was GM financial. Took about 3-4 calls and about 2 hours on hold with Carvana and GM Financial to finally get someone on the phone from GMF to fax over the dealer payoff.
GMF said it could take up to 48 hours for a fax to be sent to carvana. It took almost 4 days for Carvana to finally get the fax and Carvana had to extend the offer 2 days while waiting for the pay off from GM.
Once Carvana verified the payoff, was able to schedule a pickup for 1/8 at 3:30pm. Got a call from the Carvana rep and asked if he could come early and we arranged for him to come at 1pm on 1/8. He arrived in a Carvana car, took some pictures of the Cruze, verified everything and gave me a check for $702 in positive equity. It was a little weird- he put a lock box on the window with the keys and told me a 3rd party truck would come pick it up on 1/10 or 1/11. It was picked up from the parking lot in my complex on 1/9. No issues, straight to the point and happy to have gotten a check for some equity! They must be very busy that they are getting all the paperwork taken care of even before the pickup.
Sold my leased Jaguar XE to Carvana last month! (Sad to see the closest thing to a unicorn lease I put together gone )
Lease Payoff: ~$33,500
Carvana Offer: $32,599
Note:
That lease payoff included my monthly payment (~$385 after tax and wheel package) and this year’s CT property tax of ~$1,000).
So all in all, I paid Carvana ~$900 to take the car, eliminated another 1.5 years of lease payments, and was less than I actually owed to Jaguar Financial this month (Chase Auto Finance).
The process couldn’t have been smoother, outside of JFG forgetting to include the full account number on the payoff sheet.
10/10 would sell to them again.
Also - I spoke to 7 JLR dealers about buying out the car and no one (not even AlGo, CarMax, or vRoom) came within $3k of Carvanas offer. There is no shit they sell this car in a reasonable timetable, for anything close to what they paid. I guess they hope to make it up on the back end through financing
Oh they will sell it…
Carvana flipped my dad’s Nissan for 3k more than they bought it, and were 4K above kbb, welll above mmr (I got the car sent to auction via a contact), and within a week.
They already listed it for less than they paid for it by ~1k, so here’s to maybe getting a deal and a half from Carvana?
Edit not even 12 hours after I last checked Carvana:
The car is reserved… still for ~$1k less than they paid for it but god damn that was fast. Not even listed for a week. @HersheySweet
Exactly, and imagine if someone with subprime credit took a double digit apr loan, Carvana is one price BHPH - perfect for a pandemic.
Following up on my sale to Carvana. Car picked up on January 9th, GM Financial lease accoint closed/completed as of January 16th. Couldn’t have been easier!
damn, I’ve seen carvana overcharge for the convenience, but that seems like a lot.
I have a beat up Sienna 2011. Do you guys think I should try any of the online options at all, or given the damage to the exterior, it’s better to go somewhere in person?
it’s clean mechanically and interior, but wife had a few unexpected encounters…including one with a rebel aldi cart/boggie/whateverit’scalled
Hey that accounts been deactivated I’m over here now!
Yeah I really played them out over a month - got a higher and lower quotes, and settles for 11k and change.
KBB was 7000 and change if I remember and nobody wanted to give a penny over 9000.
Bought a car from a dealership and left my old car in the dealership lot two hours from home. Got a much better offer to sell the old car to Carvana than to trade it in to the dealership.
Would it be bad etiquette to ask Carvana to meet and pick up the car from the dealership lot to save bringing the old car home? Or should I drive the car a short distance to another parking lot?
Both my home and the dealership are within Carvana’s market area.
Buddy of mine got offered $19k for a 2015 Mustang he bought a year ago for about $16k. I took a look, similar car with about 6k miles more currently selling on Caravana for $1000 more than what they’re buying the car from him for. Can’t imagine milage adjustment will be that much.
How do they make money with those margins? Do they charge a hefty dealer fee when they sell the car?
Also, Vroom’s offer was a few hundred bucks less.
I helped my parents sell their 2016 Chevy Cruze. CarMax had the best price at the time by almost $2k. I looked at Carvana and VROOM. VROOM was the lowest, then Carvana and Carmax. It pays to shop.
On another note, I sold another car to Carvana and they hands down had the best price.
So being in the market for a new lease…
Which cars in general are able to be sold to Carvana before lease termination for break-even or some profit?
Thanks
Question about filling out the condition report for them. They ask if the car has been in an accident. Our Jeep was hit in the lower rear passenger side rear door with a baseball that caused a small dent. I took it to get it repaired and because it was so close to the edge, the paint had cracked. So they had to pop out the dent and then repaint the lower corner of the door. Does that count as an “accident”? The exterior is flawless other than the repainted part and you can’t even tell the car had been hit. But will it show up on a Carfax or similar report since I put it through insurance?
EDIT: Dealing with Chrysler Cap is a pain in the butt too. They keep including NJ sales tax in the payoff when it’s a dealer buying the car, not me.
That depends a lot on your market and what Carvana is offering in your area!! Also a lot of people sold their car for profit at the beginning of the pandemic. I sold a Mazda CX-5 for a whopping $1500 profit with only a year of ownership! Off course the car had very low mileage because I stoped driving due to work at home!