What is your carvana sell offer for your Gt?

[klink]

Very interesting thread. I have a 2016 Challenger SRT with only 22,900 on the odometer, I love the car, but for grins went on Vroom, they offered 38,200. I paid 49K back in April of 2016. I am tempted.

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[FreePenguin]

Very interesting thread. I have a 2016 Challenger SRT with only 22,900 on the odometer, I love the car, but for grins went on Vroom, they offered 38,200. I paid 49K back in April of 2016. I am tempted.

but, you lose out on tax you paid, and you got 22k miles for 10,000 bucks. imo. as tempting as that is, if you like the car. keeeeep it.

 

[ctandc72]

Vroom emailed me yesterday and told me their offer expires on 4-18-21 and they are bumping it up $500.00 as and incentive..........WTF.......that's within a few dollars of what I paid for the car in October of 2019.........CRAZY!!

They did the same on my offer for my '19.

 

[klink]

but, you lose out on tax you paid, and you got 22k miles for 10,000 bucks. imo. as tempting as that is, if you like the car. keeeeep it.

You are spot on! I think of it the same way, 22k of fun has cost me "only" 10K....the car looks and feels like new and has long been been paid for. It has the excellent A8 Auto, which I got only because I live and work in DFW, but I am getting ready to retire and yearn for a manual again. I saw a Velocity Blue Mach 1 whiz by me on the highway yesterday, and I just think it is damn sexy!

 

[Mr. Met]

They offered me $42,000. Paid $45,000 for it in June.

but, you lose out on tax you paid, and you got 22k miles for 10,000 bucks. imo. as tempting as that is, if you like the car. keeeeep it.

At least in NY you can deduct the sales tax if you trade it in.

 

[racingandfishing]

Just for grins I entered mine into vroom. 2015 GT base. Only options Recaro's and enhanced security. 19K miles. Offered $31,300. Bought new in 2015 for $32. Tempted to sell it and put the money in the bank till car prices and inventories stabilize and then put it towards an upgrade.

 

[klink]

THIS. Prices will eventually stabilize and if you have something else to drive and are very patient, the time is now to sell your current ride and get as much money back as you can. It is a sellers market for pretty much everything right now.

 

[Hack]

This is just purely speculation, but I’m assuming the used car market is hot because:

1) Reduction of nationwide used inventories due to COVID keeping many people from traveling, (no mileage accumulation, no wear/tear) therefore people aren’t selling cars as quickly. Not to mention loss of income in some cases, which some people need to keep what they have until they can bounce back.

2) Car Rental Agencies aren’t retiring their fleets, again depleting the used car inventories

3) Carvana and the likes are now competing with the mainstream and mom-n-pop Dealerships by snapping up inventory at better “trade in” or “buy out” pricing than those others could offer.

4) Carvana and the likes are cornering the market on certain makes/models based on demand. For one example, I’ve noticed Carvana had at one point more 2012-2013 BOSS 302’s in their nationwide inventory than any other similar retail dealer - even more than what was listed on eBay from private party sellers.

5) If Carvana and others can offer good cash offers to sellers, word of mouth spreads and you have more folks signing up to them for a practically hassle free transaction, top dollar paid, than dealing with the haggling BS at a Dealership.

6) New car prices are getting to be absolutely ridiculous from every avenue. Many people happily buy used vehicles in excellent shape at a fraction of the price of new - plus they’re not getting nailed with massive depreciation valuations after buying a brand new car.

Just some observations.

I think low interest rates are making an impact on the prices of things that people take out loans to buy (cars and houses). Lots of people buy based on what they can afford to pay every month rather than the total amount of the purchase.

Also, certain people are making more money being unemployed right now than they did in their previous jobs. More people competing to buy things will drive prices up.

And yes, new cars are too expensive. If people don't see the extra cost being worthwhile, they won't buy them.

 

[Hack]

THIS. Prices will eventually stabilize and if you have something else to drive and are very patient, the time is now to sell your current ride and get as much money back as you can. It is a sellers market for pretty much everything right now.

It depends on what you will do with the cash and whether we get inflation or not. If prices continue to go up the money you get selling a car now might not be nearly enough to buy a good used car in a few years.

 

[klink]

It depends on what you will do with the cash and whether we get inflation or not. If prices continue to go up the money you get selling a car now might not be nearly enough to buy a good used car in a few years.

Good point, Hack. I agree we are at risk for inflation, the way money is being tossed around.

 

[Jmtoast]

So just everyone knows the Vroom price can keep going up (went up $500 3 days later). In my case it was after I accepted the first offer, talk to my specialist, uploaded all my docs, and uploaded the payoff letter. I called them and made sure I got the new price and there were no problems. Now it's possible it as a mistake but they seemed to have no problem giving me the new price. So far I am very impressed with them. Could be a little quicker but they have a great customer service and its easy to get a rep on the phone even on a Saturday morning.

 

[JCFoster]

So, has anyone actually sold their car to vroom and did they make good on their offer?

 

[Widow]

For my 2017 V6, Carvana offered me 14k in january of 2020, and in October of the same year offered me 19k. I owed 11k on the car and it had 23,000 miles on it. No brainer. Sold and waited until I found a good deal. Tedd Britt put me in a brand new race red 2020 mustang GT for 33.5 after TTL.

 

[Jmtoast]

So, has anyone actually sold their car to vroom and did they make good on their offer?

Just signed the contract. Waiting for a pickup.

process

1. Offer - Wait 3 days for potentially bigger offer
2. Upload docs like title, id, loan info
3. They send contract for signature
4. Payoff any negative equity with cashiers check or if under $5000 a debit card
4. If your state requires it you sign the title and send it back to them.
5. They pickup your car or you are able to take it to them
6. once they get your car and insect it they will send you a check if you have a equity.

 

[RIBS]

I am thinking of unloading my 15 GT to fund buying this and starting the restore:

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