Anyone SOLD car to Carmax / Carvana / Vroom etc. lately?

[RitcheyRch]

For me the givemethevin.com's offer was the lowest. I guess it's case by case, could be the market had been changed.

Quite possibly the market changed.

 

[Hootbro]

Sold my 2018 Colorado to Carmax for $10K more than what I paid for it when I bought it from the same Carmax location 14 months prior.

 

[GON]

Sold my Wife's summer car- 2008 BMW 335i Coupe with 33k miles for $17,000 last Saturday. Immaculate condition, including BMW dealer preventative maintenance 90 days ago to include new OEM tires and BMW battery, about $3,000 retail in preventative maintenance. (I paid about $2300 with discounts). Only BMW service with full maintenance records, never had a breakdown, etc.

Vroom offered me $5200. I did not shop Carmax or Carvana for a quote.

Mention this- as VRoom/Carmax, Carvana primarily deal in later model vehicles. Have something not so common, unique, etc.... their systems are not designed to properly quote.

BTW- was tough to sell as it was near new condition....... never saw rain, etc. If we wanted a like car new or used, might be very tough to find. But if I wanted a like car- I would be exclusively looking in California.

 

[austinlunsford]

Sold my wife’s 2016 Renegade to Carmax in late July. They paid us $14,000 and it had about 70,000k on it if I remember correctly. We went up there with the title and walked out less than hour later with the check. Carmax offered the highest amount compared to Vroom, Carvana and KBB.

 

[silversport]

I sold two vehicles to Carvana...one in April and the other in May...was offered a fair amount for both with Vroom beating Carvana's price by a couple hundred on the second car but I have a Carvana near me and the first sale went so well, I didn't want to deal with the additional hoops to jump through with Vroom...

Good luck with your choice...I'd sell to Carvana again in a heartbeat...buying from them interests me less...

Bill

 

[ryster]

Just keep in mind that if you sell or trade the car for $6,000 more than you paid for it one year (or less) ago, that is a short term capital gain in the eyes of the IRS and needs to be reported. If you bought the car more than a year ago, then it is still a capital gain but not at the short term tax rates. Normally cars depreciate and this is never even an issue, but with the market kind of turned upside down there are all kinds of weird things cropping up.

 

[Finklejag]

Just keep in mind that if you sell or trade the car for $6,000 more than you paid for it one year (or less) ago, that is a short term capital gain in the eyes of the IRS and needs to be reported. If you bought the car more than a year ago, then it is still a capital gain but not at the short term tax rates. Normally cars depreciate and this is never even an issue, but with the market kind of turned upside down there are all kinds of weird things cropping up.

 

[MrJayhawk]

Carvana/vroom are in the business of late model cars. Like 5-7 years old or newer. Not something that is 20 years old.

This +1. My daughter bought a new car last month after waiting for the right color, options etc. She had been driving a Toyota Solara 2006 that we did not try and trade in as it needed some minor mechanical touch up. Long story short, KBB showed average trade for condition as 2700. Car was SE with 134k miles. Checked with Carvana first, they admitted it was out of their wheelhouse, and they offered me the princely sum of $402. That is not a typo. Carmax offered $2500, we wound up selling it on Facebook for $4700.

 

[partspro]

Not exactly my experience but I got an Uber ride from a woman that did Carmax with a Camry that was no good, she used the Send it back and replace option to get a Lincoln MK something so many these days I can't keep track

 

[1978elcamino]

I sold a Fusion last year and they gave me exactly what their site told me. Which, IMO was more than it was worth.

 

[PeterGreen]

Had a fairly decent experience with CarMax (they've just come to Long Island in the last months.) Sold my Acura TL with a stick and a penchant for burning oil. I probably could have gotten more by selling to private buyer but I work long hours, am tired, facing a couple of health issues and there is something to be said for convenience.

 

[2002 Maxima SE]

I'm going in to Carmax this morning.
If they have a good looking low mileage Mazda CX-5, no-turbo, I may pick up one.

I sold my 2013 Mazda CX-5 GT 2WD (65k miles) to Carvana in August. I put in bids to Vroom, KBB, Carvana and a local dealer. At that time, Carvana had the best price at $16,800.00. It was a very easy experience. Carvana met us in a town about 45 miles away from our small town. We signed some paper work and they loaded the car up on a flat bed...about 15 to 20 min and all done.

 

[Gasbuggy]

My friend sold his 10 year old jeep Cherokee with 100k on it and CEL from a failed lifter/cam lobes to carvana for 10k. He disclosed the issue.

Another friend sold a tired WRX with misfires that couldn't be solved for to quote him "way more than it was worth" and this guy knows how to get max value from stuff.

 

[wlk]

My kid sold his 2011 C30, they gave him $2k more in person than the online quote, which brought it up to what he paid for it 2 years prior.

 

[John Galt]

In December 2021, I sold a 2012 Audi A6 3.0T. Premier with about 70k miles to Carvana for $19,800. The Audi Dealership, who had serviced the car since bought from them new, offered me, in writing, $8800 cash.