Carvana Bad Offer

[Zee09]

I always have received top $$$ from Carvana
I won't get into the specifics but my local dealer offered me $8K more for my vehicle than they did- really weird.
No it is an outright sale to the dealer too.

 

[KCJeep]

My daughter sold a Kia to Carvana last month at near private party retail. Yet I sold our 12 Tiguan a bit later and Carmax was way higher than Carvana. It's clear they use some sort of formula for their offers, it's not just a flat "book minus" rate.

Perhaps Carvana happened to have plenty of what you were selling on hand? That is a huge difference though.

 

[AutoMechanic]

That’s why I don’t trust Carvana for buying or selling Jim. They want to give less for it and sell it for more.

 

[tyman]

My daughter sold a Kia to Carvana last month at near private party retail. Yet I sold our 12 Tiguan a bit later and Carmax was way higher than Carvana. It's clear they use some sort of formula for their offers, it's not just a flat "book minus" rate.

Perhaps Carvana happened to have plenty of what you were selling on hand? That is a huge difference though.

They're going to take local market values plus demand for the vehicle in that area. A Prius in LA will most likely be priced higher than a Prius in rural Louisiana.

 

[tyman]

That’s why I don’t trust Carvana for buying or selling Jim. They want to give less for it and sell it for more.

So, every dealer out there trying to make a profit?

 

[AutoMechanic]

So, every dealer out there trying to make a profit?

Yeah but at least there you can test drive it and look at it in person. .

 

[Zee09]

That’s why I don’t trust Carvana for buying or selling Jim. They want to give less for it and sell it for more.

They should buy high and sell low...lol

 

[KCJeep]

That’s why I don’t trust Carvana for buying or selling Jim. They want to give less for it and sell it for more.

That's called business, anyone selling or trading to a dealer hopefully understands that. The balance is at what point the convenience becomes too expensive.

 

[Zee09]

My daughter sold a Kia to Carvana last month at near private party retail. Yet I sold our 12 Tiguan a bit later and Carmax was way higher than Carvana. It's clear they use some sort of formula for their offers, it's not just a flat "book minus" rate.

Perhaps Carvana happened to have plenty of what you were selling on hand? That is a huge difference though.

I agree with that. Sounds like they dont need what I got...

 

[dishdude]

Maybe they already had a bunch in inventory of what you were trying to sell them.

 

[JustinH]

We bought from carvana 2 years ago. They gave top dollar and included a $1000 cash back if we purchased a car from them.

When it came time to look for a car for my wife, we ended up selling her car private party on craiglist for twice what carvana offered.

We purchased from Echo Park, as carvana's prices on cars have gone way up as well.

 

[Zee09]

Later today I'm going to Carmax and tell them Blake said to buy this high and sell it back to me at a loss

 

[Zee09]

We bought from carvana 2 years ago. They gave top dollar and included a $1000 cash back if we purchased a car from them.

When it came time to look for a car for my wife, we ended up selling her car private party on craiglist for twice what carvana offered.

We purchased from Echo Park, as carvana's prices on cars have gone way up as well.

They gave me the best prices pre CV19

 

[SeaJay]

That’s why I don’t trust Carvana for buying or selling Jim. They want to give less for it and sell it for more.

You mean there are businesses that try to sell their product for less than their cost of the product to result in a profit?

We should shut down those greedy businesses trying to make a profit, it is so unfair to the rest of us.

 

[AutoMechanic]

You mean there are businesses that try to sell their product for less than their cost of the product to result in a profit?

We should shut down those greedy businesses trying to make a profit, it is so unfair to the rest of us.

No I mean like they need to come up a bit more. They could still offer a little more and have a good profit.

 

[cb_13]

Carvana told me they would have a representative call me but never did. Their online formula said my truck did not exist. KBB gave me an instant offer of 12.5k and a local dealership offered me 15k on an outright buy.

 

[cb_13]

So, every dealer out there trying to make a profit?

Dealerships are not suppose to make profit. Especially not the service department. We are expected to only charge for an oil change, put in the filters, batteries or other parts the customers bring in with them and check out any problems for free because "I do all my service here and you've already got it in the shop for an oil change!".

 

[tyman]

Dealerships are not suppose to make profit. Especially not the service department. We are expected to only charge for an oil change, put in the filters, batteries or other parts the customers bring in with them and check out any problems for free because "I do all my service here and you've already got it in the shop for an oil change!".

Now you're figuring it out.

 

[CKN]

They're going to take local market values plus demand for the vehicle in that area. A Prius in LA will most likely be priced higher than a Prius in rural Louisiana.

That's a good point. I guess this is why they ask for your zip code on KBB or NADA before you plug in your info.

 

[tyman]

That's a good point. I guess this is why they ask for your zip code on KBB or NADA before you plug in your info.

That's the only kind of points I have.