Now is a great time to sell your used car to Carvana/Vroom/Carmax

[JIA]

Used car values are absolutely crazy right now and inventory is really low. I've been reading lots of anecdotes of people selling cars to Carvana/Vroom for thousands above their loans and lease buyouts. Get free quotes from these companies and you may be surprised at their offers. I doubt Carvana will survive due to constant overpaying for used vehicles but they're trying to grow market share as a startup. Their venture capital loss is your gain.

If you want to get out of a car right now to get something else or abandon your loan this might be a great time to do so. Of course this is very vehicle model/condition dependent and your experience may vary.

[The Prime Nip]

No thanks Jeff. Tried selling my 2011 Infiniti G37 about 5 years ago. Was in perfect condition and had 120K miles. Carmax offered me $7K for it. Just LOL

[bigcat3655]

I'd get about $100 and a coupon for Applebee's for my 03 F150

[luckyboy23]

They'll still low ball you.

[BorderPatrol505]

Interdasting if true but how does Corona factor into cars being less available?

Cars are still readily available via dealership as well as private party so not seeing the logic here

[JIA]

Interdasting if true but how does Corona factor into cars being less available?

Cars are still readily available via dealership as well as private party so not seeing the logic here

New and used car inventory is low relative to pre Covid and new car sales are down. I'm not sure what's driving the demand for used cars, but I suspect because used cars are cheaper than new and people are shying away from public transit at least in the near term so need a car.

[rectifryer]

Just checked

They just offered me ~25% less than fair private sale for my car aye lmao....22k for a 28k car citing a $5k reduction due to location (there's a million people within 20mins of me, yeah right)

The gamestop of the auto industry...

Edit:

Just checked to see what my car sells for here on carvana.....$10k over what they quoted me for a lower tier with higher mileage

TEMPTED TO NEG

[Krackerjacked]

Sold Carvana my 17 Z71
Other dealerships in the area offered me 27-29k
They gave me 32k and sold it for just under 34k. A bit later my wife’s civic ended up getting some pretty decent hail damage. I went through their process and even with the hail damage they offered 6500, tack on the insurance check of 4K to fix the hail damage and it was more than I could get selling it outright for sure.
Another dealer offered us 3500 for it.

Don’t get me wrong, they’ve lowballed other vehicles but I can’t complain about the two times we’ve sold to them.

[Jasonw1178]

So they won't low ball you quite as badly as they normally do? Better get on that.

[Jax05]

It is a great time if you want to get ripped off.

[CrookedDink]

Carvana and Carmax are offering me $7500 for my daily (2011 M37). Private it would probably get 8500-9000 so not terrible I guess.

[dannyg1217]

No thanks Jeff. Tried selling my 2011 Infiniti G37 about 5 years ago. Was in perfect condition and had 120K miles. Carmax offered me $7K for it. Just LOL

what the hell did you expect for 120k miles. Hardly anyone is willing to take a gamble on that many miles

[JIA]

Crazy times. My friend just sold his 2018 Tacoma TRD for $3k more than what he paid for brand new with 20k miles on it to Auto Lenders.

[dizzin9]

I don’t have a car and sold them nothing

Got a quote for $0

[tunafishha]

Used car values are absolutely crazy right now and inventory is really low. I've been reading lots of anecdotes of people selling cars to Carvana/Vroom for thousands above their loans and lease buyouts. Get free quotes from these companies and you may be surprised at their offers. I doubt Carvana will survive due to constant overpaying for used vehicles but they're trying to grow market share as a startup. Their venture capital loss is your gain.

If you want to get out of a car right now to get something else or abandon your loan this might be a great time to do so. Of course this is very vehicle model/condition dependent and your experience may vary.

Im actually having a ton of trouble selling my 2010 Lexus ES with 38k miles for 15k. Had it for almost 3 weeks now.

[mingrey02stg2]

Been contemplating this. KBB trade in value for my 2019 Raptor is $68,825. Sticker was over $73k and I got it for $67,500. I could trade in and go get a 2020, hopefully for the same deal and pay very little.

[JIA]

Im actually having a ton of trouble selling my 2010 Lexus ES with 38k miles for 15k. Had it for almost 3 weeks now.

Try getting quotes from them, it's free and takes minutes. If they don't want your car they'll just lowball you.

Been contemplating this. KBB trade in value for my 2019 Raptor is $68,825. Sticker was over $73k and I got it for $67,500. I could trade in and go get a 2020, hopefully for the same deal and pay very little.

Your quotes may even be higher than that. I swear pickups hold their values super well especially TRDs and Raptors. Pretty sure 2020 is the last year of this body style, why not wait for the new gen to come out?

[luckyboy23]

Im actually having a ton of trouble selling my 2010 Lexus ES with 38k miles for 15k. Had it for almost 3 weeks now.

ES eh? No wonder why you're salty and hate on people who own nice cars.

[mingrey02stg2]

Your quotes may even be higher than that. I swear pickups hold their values super well especially TRDs and Raptors. Pretty sure 2020 is the last year of this body style, why not wait for the new gen to come out?

Yeah I'll probably just wait. I just thought the idea of setting the miles back to zero would be a cool thing to do for almost no cost. Hopefully the new one has an optional V8.

[tunafishha]

ES eh? No wonder why you're salty and hate on people who own nice cars.

huh? I love this gen ES. Why you think I bought it in the first place? Im selling it to make a little profit because I got a great deal on it. I bought it for 13k, hoping to sell it for 14k. The car is worth 18k. But my real go to car is the 2010 Lexus GS.

[KilaByte]

huh? I love this gen ES. Why you think I bought it in the first place? Im selling it to make a little profit because I got a great deal on it. I bought it for 13k, hoping to sell it for 14k. The car is worth 18k. But my real go to car is the 2010 Lexus GS.

You're my hero.

[JIA]

Looks like used vehicle values set another record high.

[1slo5oh]

Yeah a lot of guys on this F150 FB page I follow have been fkn around getting quotes from Carvana and posting them... TBH the majority of them have been quite a bit higher than what I would have expected.

[CrookedDink]

So far vroom has been the most generous for me. Any experience with them? Don't want to sell them my car then them say 'nah brah we're giving you 1000 less after looking at it'.

[jackamo2887]

Every dealership low-balls, that's how they make their money.

[JIA]

So far vroom has been the most generous for me. Any experience with them? Don't want to sell them my car then them say 'nah brah we're giving you 1000 less after looking at it'.

Vroom is only second to Carvana in legitimacy, so I suspect you'll be fine.

[CrookedDink]

Vroom is only second to Carvana in legitimacy, so I suspect you'll be fine.

Went back to vroom today because I was finally ready to sell the car. The quoted price dropped $2,000 lmao.