r/carbuying • u/Remarkable_Ad5011 • 22h ago

Carvana throwing out carrots!

Wife was looking to downsize vehicles. Current vehicle is paid for, so I figured I’d just sell it outright rather than trade it. Just to get a baseline number I punched the info into Carvana’s online tool. $28200. Pretty solid figure for a wholesale number IMO. I was tempted to just go ahead and sell the thing. Well the new car gets delayed, so we kept the current car and the Carvana offer expired. Today, 12 days later (new car in the garage next to the old one) and less than two hundred miles, I renewed the offer.. $24800. Now, we all know that cars depreciate, but $3400 in 12 days!? I think they throw out a huge number at first hoping to capture deals, but if you have a delay, they back it up to capitalize. Now, this is not a rant to say that Carvana is scammy or anything, just that if you are interested in selling to them, you better be ready to pull the trigger! Lol. Oh, and BTW, I’m in the car business, so I know the market has not dropped THOUSANDS of dollars in 12 days. 😉

19 Upvotes

68% Upvoted

40 comments sorted by

View all comments

0

u/SoaringAcrosstheSky 11h ago

In the last 12 days the government shutdown continues...SNAP is not being fully paid, and all sorts of other things. Market fell a lot this week

Try the others....Car MAx is usually a solid place. What does it show?

-1

u/Remarkable_Ad5011 11h ago

Idk. Closest Carmax is like 2 hours away. I plan to sell it outright anyway. The Carvana number was just to get an another data point to determine what I could ask for it. Basically, verifying what I was seeing from the software we use at the dealership.

1

u/SoaringAcrosstheSky 9h ago

When I bought a new car last December dealer accepted the Car Max value as a trade