Yes
Used car prices are so high that your clunker may be worth than its new version (inquirer.com)
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The money they make on APR and fees is the real business
The real fallout will be when people default on the car loans
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This may be peak insanity: https://www.carvana.com/vehicle/1879896
I don’t even think it has FSD! And even if it did, it’s still insanity.
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And 61 people saved it
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It does not have FSD. This build would cost about 42-43k new right now.
I’ll sell my P3D fully kitted out (lifetime premium connectivity, FSD) for that right now. I’d even throw in the winter set of wheels and replace the front bumper cover for that fresh look.
“I’m sorry but due to inventory shortages we can’t send prices to an email.”
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How is Carvana and VROOM even in business anymore? 61k for a used Tesla that was 43k new?
Are there people out there buying used cars for 15k above new MSRP? They’re that desperate for these things?
Yep, people are buying.
I picked up a '17 Camaro 2SS late last year because I knew it was a good deal. I planned to drive it awhile, have some fun, and sell. I sold it for profit earlier this year, but that car sold (from the dealer I sold it to) for more than the original MSRP. That car didn’t even sell for full sticker back in '17!! 
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Carvana just reported record numbers…stock is up $29 today to a record high…up over 1000% since market low last spring…up over 3000% since going public a few years ago.
Sales beat estimates by over 30%…which is huge for a company covered by Wall Street. On top of that, they made a profit for the first time…go figure, a company that never turned a profit was up 3000%!
Good times for used car dealers…
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I wonder if we’ll find out some day that all of this was a giant scam, and that no one is actually buying at these extremely over-inflated prices. Maybe Carvana is buying their own inventory. Or Blackrock is buying them up. The Great Used Car Swindle of 2021!
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Maybe these people think Tesla’s age like fine wine?
Come on man this is absolutely maddening. I was already struggling to understand paying over msrp on new cars but this is just insulting. We really have an over consumption problem in America.
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It still is 42.5k brand new, even less if you have state or utility EV rebates.
But they’re making a killing off people who have no self discipline whatsoever and need instant gratification
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Carvana and related companies appeal was always that you could avoid the dealership. People were willing to pay a premium to avoid the unpleasantness of a dealership. Dealers are even more unpleasant now that they have such a significant upper hand re supply versus demand.
Granted some cars are not available immediately right now like Tesla’s, specific trim/color F-150s etc. But majority of what they are selling is available on dealer lots. Getting a Tesla from them is lack of patience, buying a Highlander or Accord from them, for more than a dealership would sell you a new one, is something else entirely.
Edit: Carvana just offered me $26k for my Accord I bought for ~28k three years ago. This isn’t an availability issue, there are 5400+ Accord’s available for sale nationwide. Carvana customers just have a case of the crazies.
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All I can say is this is setting up for another round of subprime loan defaults and a fairly big mess when prices come back to “normal”. They’ve been saying for years that auto loans would be the spark for the next debt crisis, and I’m starting to believe it.
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They are selling a 2021 Model 3 for 46k, so the car before doesn’t make sense pricing
omfg hilarious
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Has to be fear-driven. Enlarged amygdala from watching too much TV.
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