[4th Branch]

I have 8 months left on my lease and well under mileage, I'm thinking about getting out early. I've taken my vehicles to Carmax before and their offers were consistently too low. I just entered the my vehicle info on Carvana and received the following offer

2018 MERCEDES-BENZ MERCEDES-AMG GLC COUPE
GLC 43 Sport Utility 4D
$39,401
KBB Market Value $43,523
Adjustments - $4,122/Local Market - $4,122
YOUR OFFER $39,401
Loan Amount $39,000
NET CASH OFFER $401

I'm assuming my current loan amount affects how their algorithm calculates the cash offer amount? I'll try out Vroom/Shift tomorrow but might leave my loan balance $0, suggestions?

 

[iheartphaetons]

I used carvana for my Passat and had an excellent experience. They offered the highest value and had the car gone within a week.

 

[VadGTI]

I sold my Mk6 to Carvana. It was an incredibly easy transaction and was thousands more than KBB offers, etc. Last I heard the rumor was that they weren't buying cars for a while and that offers dropped when they started up again recently.

Your offer seems pretty good given the times. My Mk7.5 offer last week was terrible ($19k for a car with 1,500 miles and a $34.5k MSRP).

Keep in mind that you don't have to rush into it. You can pretty much extend their offer for weeks so long as you don't go over 1,000 miles from the mileage inputted to get the original offer. I dragged my sale out from December to late January while making up my mind.

Sent from my VS996 using Tapatalk

 

[GTijoejoe]

I have sold like 7 cars in the last 10 yrs. 2 to carmax and 1 to carvana, all other private.
Carvana was by far the easiest and fastest sale ever. Carmax is easy too, but it's always better when I don't have to leave my house

Who gives you the most? It always depends on the company's needs it seems.

 

[geofftii2002]

I sold my Mini to Carmax. It was not going to be an easy sell on the private market, and I needed it gone. They gave me fair wholesale number, knowing full well it was going straight to their auction. While I can't say I squeezed every last penny out of the deal, I was satisfied with their offer and the process of getting a check was really smooth. I drove it over there, and within an hour or so, I got a ride home, check in hand.

 

[x(why)z]

I sold my Mk6 to Carvana. It was an incredibly easy transaction and was thousands more than KBB offers, etc. Last I heard the rumor was that they weren't buying cars for a while and that offers dropped when they started up again recently.

I was lowballed like crazy by Carvana just two days ago. They came in more than $5000.00 lower than the KBB value or what my local dealer offered.

 

[geofftii2002]

I was lowballed like crazy by Carvana just two days ago. They came in more than $5000.00 lower than the KBB value or what my local dealer offered.

That could have a lot to do with their inventory. They might not have needed the car, but would have bought it if it were cheap enough for them.

 

[NotFast]

Based on my searching for used cars - Carvana seems to asks noticeably more than 'normal' dealers, which is either derived from higher acquisition prices or higher cost margins (or more profit). It wouldn't surprise me that their offers were higher.

 

[4th Branch]

Keep in mind that you don't have to rush into it. You can pretty much extend their offer for weeks so long as you don't go over 1,000 miles from the mileage inputted to get the original offer. I dragged my sale out from December to late January while making up my mind.

Sent from my VS996 using Tapatalk

Good to know! I just read thru a long thread on Carvana/Vroom on another site and no one mentioned this.

I submitted the vehicle on Vroom and Shift, they did not offer a # right away. I'll try my local MBZ dealer this weekend as well. Based on what I have read, Carvana tends to beat everyone out

 

[VadGTI]

Good to know! I just read thru a long thread on Carvana/Vroom on another site and no one mentioned this.

I submitted the vehicle on Vroom and Shift, they did not offer a # right away. I'll try my local MBZ dealer this weekend as well. Based on what I have read, Carvana tends to beat everyone out

The way it works is that you accept the offer and set a pick-up date. Then, just keep moving the pick-up date forward as it approaches. It's basically going to let you do this forever so long as the miles don't cross the 1k threshold for reevaluation. If you get within 24 hours of the pick-up time, you won't be able to do it online and will have to call in and do it via customer service.

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[ghost03]

That could have a lot to do with their inventory. They might not have needed the car, but would have bought it if it were cheap enough for them.

Yeah I think this is it. I checked the value of our 958 there today and there was even a disclaimer that the value was going to be low.

 

[Dandbest]

I sold my Mk6 to Carvana. It was an incredibly easy transaction and was thousands more than KBB offers, etc. Last I heard the rumor was that they weren't buying cars for a while and that offers dropped when they started up again recently.

Your offer seems pretty good given the times. My Mk7.5 offer last week was terrible ($19k for a car with 1,500 miles and a $34.5k MSRP).

Keep in mind that you don't have to rush into it. You can pretty much extend their offer for weeks so long as you don't go over 1,000 miles from the mileage inputted to get the original offer. I dragged my sale out from December to late January while making up my mind.

Sent from my VS996 using Tapatalk

$19k isn't that bad. Consider that actual transaction price on your $34.5 msrp car is more like $26k, has 0% available for 72 months, and there are still a lot of new 2019s on the lot. Plus, regardless of what TCL tells you, manual transmission isn't a positive with respect to resale.

I was lowballed like crazy by Carvana just two days ago. They came in more than $5000.00 lower than the KBB value or what my local dealer offered.

Big part of the reason is, Manheim auctions have been closed until very recently, so they don't really know what to value the cars so they go low in case the cars have to sit for a while. On top of that, the used car market seems hit pretty hard right now. Incentives are nuts on new cars, so used ones will take a hit.

 

[A.Wilder]

We sold our 4 year old Ford edge to carvana a few years ago. Insanely easy and their offer was great. But I know you are looking for more recent transactions.

I wasnt sure how the carvana thing worked and I tracked down their location, located in another used car dealership. They were very confused why I was there and basically they were just the porters and had nothing to do with the transactions. I had a hard time believing it was all online at the time. But it was, and it was super easy.

 

[ghost03]

$19k isn't that bad. Consider that actual transaction price on your $34.5 msrp car is more like $26k, has 0% available for 72 months, and there are still a lot of new 2019s on the lot. Plus, regardless of what TCL tells you, manual transmission isn't a positive with respect to resale.

Also shortly after purchase has got to be the absolute worst time to sell most cars w/respect to depreciation. The GTI might be worth $19k trade in right now and then $18.5k in a year and a half.

 

[puma1552]

We ordered a new car in March for the ol' ball n chain so I popped her '12 Beetle into Carvana at that time and got $6700 before SHTF real bad, I popped it in the other day and still got $6100. Not terrible, but it's also 8 years old and still took a 10% hit in 2 months' time. That said I've played with Carvana's options for the car and messing around with the standard options nobody cares about or looks at that usually autopopulate incorrectly, you can usually get the value to change by a few hundred bucks depending on how you 'option' it in the standard options column. I was too lazy to do that the other day when I got the $6100, so I might be able to push it up a little and make the hit a little less, %wise.

 

[Dandbest]

Also shortly after purchase has got to be the absolute worst time to sell most cars w/respect to depreciation. The GTI might be worth $19k trade in right now and then $18.5k in a year and a half.

That is true too, its that its even worse in the current environment:beer:

 

[ghost03]

That is true too, its that its even worse in the current environment:beer:

For sure. I definitely don't need a new car right now and am not really shopping, but still, I can't stop looking at all the tempting deals. :laugh:

 

[4th Branch]

Got an email from Vroom this morning:

Good news! Your guaranteed offer is ready.
Vroom will buy your 2018 Mercedes-Benz GLC Class for:
$41,000.00

Here’s more to know about this offer:
It’s good for 2 days or 250 additional miles.
It’s a fair value based on data from thousands of similar market transactions.
It's also based on your description of the vehicle's condition. If your description is inaccurate, Vroom may modify its offer. Other terms and restrictions apply.

We pick up, you get paid.
If you accept, here’s what’s next:

You’ll provide more info on the vehicle, including location and current mileage.
We’ll provide free pickup, right from your driveway.
We'll FedEx your check within 24-48 hours after picking up your vehicle.

Beat Carvana by $1600. They did not ask what my current payoff is, just if it's financed/leased/owned right out.

I have had my lease payments on auto-pay and logged into MBFS 2-3 days ago to cancel it as well as request a 1 month deferment which was approved instantly however they still took the next month's payment this morning. If I request a payoff this upcoming week, will MBZ prorate it or eat the payment that was just made?

 

[BRealistic]

They did not ask what my current payoff is, just if it's financed/leased/owned right out.

I wonder if that actually changes their offer.
Maybe they assume you have a car loan then you are more desperate to dump and get rid of payments?

 

[Dandbest]

If you accept the offer, give them your payoff and finance company so they can pay off the loan and send you a check for the rest