Mike! You set me up with a Tacoma TRD Pro about 2 years ago. I was planning on just buying it from TFS, but Vroom offered me $49,454.00 and the lease buyout is about $38,450! That is OVER the sticker price of this two year old truck, and the profit is more than the entire cost of my lease, including your fee and shipping the truck to Florida! So if this goes through, I will have actually made money from leasing a ~$48k truck for two years. I think the moral of the story here is, (1) the used car market is insane right now and (2) when Mike says he has a unicorn deal, do not pass it up.
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Following up, Ally’s dealer payoff was $41k which would result in negative equity. This represented an $7k difference in my payoff and the dealer payoff. Sucks, but nixed the deal.
2020 XC40 R-Design with under 4k miles.
Carvana Offer: 37,672
Carmax Offer: 38,200
Vroom: $40,074
Let’s see how painful VCFS makes this.
Awesome work!!!
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When do you get the 3rd party payoff??
What are you going to get in place of the Tacoma?
Where in the process do you find this out?
after they send you the packet to e-sign. I submitted my docs yesterday, and rec’d the e packet last night. It’s on the last page of the packet.
less exciting indeed! Bummer
Just did and it was no good. Oh well
Curious how this plays out for you. I have an Xc60 (2021) but I haven’t pushed too far since I’ve seen such mixed signals about these used car services dealing w Volvo. Out of curiosity how much equity do you think you have when you compare your buyout vs these offers?
37k buyout, Vroom offer is a little over 40k. Will post how things go, I know they don’t make it easy.
Unfortunately, it will be easy. VCFS doesn’t provide 3rd party dealer payoff. I am in the same boat.
Vroom should be able to get that from Ally as a “car dealer”, even if it’s higher than my payoff-I’m still gonna sell it as I don’t drive the Tacoma as much
I already have leased a Bolt in February and bought a Tesla 3 back in September-so all set for now
Playing the Vroom lottery game here too. Offers from last week were 28,450, then 29850, and 30,522…in 3 days, the offers went up over $2k!
I accepted the first one (before I submitted the latter appraisals), but then the higher ones came through and I subsequently accepted each one thinking the last offer would be higher. 3 FedEx POA forms arrived, but I did not send any back, waiting for the first few offers to expire, trying to get the highest bid…
I then got the $500 more email offer, so now it’s $31,022…but paperwork needed to get to them within 2 days. I accepted $31.022 (and I think I’m done playing now) and there’s a FedEx tracking number associated with the eDoc completion, but no automated FedEx shipped update like before.
I called in to check on the status, and the VROOM rep said my offer was $30,522 and that the FedEx package was delivered a few days ago…Hmm…I told her I received an updated $31,022, but she does not see anything on her side…
Anyone have something similar happen when juggling with multiple VROOM offers?
Any suggestions on how to ensure the best $31,522 offer?
Has anyone who does NOT own the car sold to Vroom before? I’m selling for a friend who’s been stuck out of the states due to travel restrictions. I have the signed title and I can get a signed POA. It’s so damn hard to get a hold of Vroom (waited 2 hours on the line) and I don’t want to waste everybody’s time until the last step when they figure they can’t buy the car.
Talked with ALGO and they are not perfectly sure but they scheduled the virtual appraisal anyways. Waiting on Give Me The VIN. Carvana is significantly lower.
Have an offer from Vroom right now for $40,841, up from last weeks $37,659. My buyout is 33k from Chrysler Capital. I am insanely tempted but with all the shortages and restrictions coming up, I’m afraid I’ll be out of luck on any killer deals in my price range. I’ve sold two vehicles to them in the past and it was seamless.
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Just be wary of the fact the dealer buyout can be different than your buyout. Seems as though they’ll reprice the buyout to current market conditions. Can’t really fault them for doing such, but still something to keep in mind.
At the end of the day Vroom needs to make money to stay in business. Some people on this thread seem to forget that. If you are happy with the number you really aren’t coming up short. It is much better vs. turning the car in or dealing with the headache of buying the vehicle yourself and turning around and trying to sell it.
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Makes sense! I sold my 2018 GC and a 2017 Rogue to them two years ago and it was very smooth. The payouts matched, I believe my Chrysler capital one was off by $300 or so but it had something to do with CT taxes.
That’s pretty palatable. The variance of 7k I got I think is just due to the crazy market today.