Sold one to VROOM!

suv
ca-socal
ca

#121

I think you have found the makings of a new cottage industry. Scour the country for amazing deals on loaners for which Vroom will pay higher than the purchase price. Now if you could find a way to just be a broker between Vroom and the dealer and skim a % of the profit off the top, you could rinse and repeat over and over without the overhead of having to take ownership yourself.


#122

They know where the car is, I entered the VIN :smile:
But I have no idea how much Volvo dealers discount their demo/loaners.


#123

The tricky part is the incentives are usually for retail buyers and not other dealers/wholesalers.


#124

not lease related but my mom gave me the task of selling her old 2007 avalon. Dealer only offered 3k and carvana offered 3971. Vroom offered $4800 :slight_smile:


#125

This may have been answered before, but…how does VROOM make any money? or is this another Moviepass style business model?


#126

I would like to think as a startup they would need to collect a huge inventory before they could start scaling back on offers so they can beat Carvana and Carmax, so losing out at first to create presence would be their strategy


#127

Why would they want a 2007 Avalon for their inventory? Or offer that much for a car headed to wholesale auction?


#128

Sounds like another Beepi (spoiler alert: they went bust).


#129

I tried my jeep three times over last month. Everytime offer was different. Lowest was 26,800 and highest was 29,980. Should have taken the highest offer. Close to my payout i believe and hunt for something else.


#130

They just offered me 6k more than they did last month lol


#131

If you get multiple offers can you only take the most recent?


#132

Limited to 10 days or 250 miles i think.


#133

Why does Vroom ask my expected offer price (but it’s optional)? Oddly enough, their offer came in at that exact figure (15K). Is that just a coincidence?


#134

Because they can pocket a couple of grand this way? :slight_smile:


#135

What car??? I might run numbers for my car again lol


#136

And get more amazon gc’s lolll


#137

2017 BMW 530xi

Payoff is 43900. They offered me 42900. I’m taking it.


#138

How do these companies make money again?


#139

No idea… but as long as they pay me for my car before they go out of business… I’m in lol


#140

not sure I would think it would go to wholesale. the offer was at the high end of trade in value - it was a fully loaded limited