Duh...
vroom
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vroom
i just received an offer from vroom for $56,000 for my 2019 2lt a8 stingray. my question is has anyone sold to them because they said they pick up car and then fed ex your check 2 or 3 days later. just dont like letting car go without money
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The Vroom web site states that they pick up the car then send the money 2-3 days later. That is normal practice with them. If you are not comfortable with that procedure, it may be better to get a quote from another buying site.
Intermediate
Joined: Sep 2008
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From: Boca Raton FL
Normal process for them, you get paperwork along the way and they provided something signed that they have taken possession of the carat pickup. Sold my Tesla Performance Model 3 back in August this way, very easy and straightforward. Used Carvana a few years back was similar but I think they brought the check as others here have said.
Drifting
Joined: Aug 2013
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From: Hill Country Texas
I actually bought my C6 Z06 at Vroom! in person back in 2016, at their Grand Prairie location. They gave me fair trade for my GTI and it was a positive experience. I later sold it a few years later to Corvette World Dallas and they wouldn't send me a check until the State sent them the title; (electronic titles, State says it can take up to 3 or 4 weeks.) They picked up my car and I was expecting them to pay once they got it back and inspected it. It was mint, low miles, and had some very nice new fixed heads and a small cam in it. Apparently, I was supposed to wait for the State to send him the title? Was not happy with that and the guy I worked with was a complete *******.
His refusal to pay ended up screwing me out of sales tax savings on the other vehicle I bought. I would not have sold him my Corvette for the price I did if I were not going to get the sales tax savings from the State. He knew what he was doing. I've bought and sold a lot of cars but I don't do it every day like they do. I learn something every time, though.
His refusal to pay ended up screwing me out of sales tax savings on the other vehicle I bought. I would not have sold him my Corvette for the price I did if I were not going to get the sales tax savings from the State. He knew what he was doing. I've bought and sold a lot of cars but I don't do it every day like they do. I learn something every time, though.
Last edited by BigVette427; Apr 23, 2021 at 08:41 AM.
Le Mans Master
Joined: Feb 2014
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From: Gilbert Arizona
I actually bought my C6 Z06 at Vroom! in person back in 2016, at their Grand Prairie location. They gave me fair trade for my GTI and it was a positive experience. I later sold it a few years later to Corvette World Dallas and they wouldn't send me a check until the State sent them the title; (electronic titles, State says it can take up to 3 or 4 weeks.) They picked up my car and I was expecting them to pay once they got it back and inspected it. It was mint, low miles, and had some very nice new fixed heads and a small cam in it. Apparently, I was supposed to wait for the State to send him the title? Was not happy with that and the guy I worked with was a complete *******.
His refusal to pay ended up screwing me out of sales tax savings on the other vehicle I bought. I would not have sold him my Corvette for the price I did if I were not going to get the sales tax savings from the State. He knew what he was doing. I've bought and sold a lot of cars but I don't do it every day like they do. I learn something every time, though.
His refusal to pay ended up screwing me out of sales tax savings on the other vehicle I bought. I would not have sold him my Corvette for the price I did if I were not going to get the sales tax savings from the State. He knew what he was doing. I've bought and sold a lot of cars but I don't do it every day like they do. I learn something every time, though.
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Melting Slicks
Joined: Oct 2016
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I have bought thousands of cars from individuals and never even tried to convince anyone to give me the car without paying for it. What a wonderful new world we have with being able to convince people using the internet to do stupid things!
Le Mans Master
Joined: Feb 2014
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From: Gilbert Arizona
My 17 GS is on its way to Corvette World. I hold the title. So until I get the money in a couple of days, they don't get the title. Can't do anything without the title. They won't get the title for another 10 days as it is in process with AZ DMV and coming directly to me. They are ok with that and they will FedEx the check regardless.
Melting Slicks
Joined: Nov 2016
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From: Los Angeles CA
If you hold the title, I'd wait for a check or ACH transfer. That's what a bank or credit union lien holder would do (Not release/transfer title until payment is made). If you don't have title and there is a loan on the car, you can let them pick it up since they won't have title until the lienholder is paid and, at that piont, ACH would have arrived (day 2 after the pick up).
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I'm sure that Vroom is not out to steal anybody's car
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My comfort level would be challenged tho. I wouldn't turn the keys over till $$ in my hand.. that's just me though
Melting Slicks
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Pro
Joined: Mar 2021
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I would expect Carvana and Vroom, etc. maintain some sort of surety bond, or some such similar insurance that, in case of non-payment, would take care of customers who have sold their cars to the company.
Melting Slicks
Joined: Oct 2016
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Exactly the point! When it comes to car sales type money, one wants to know...not think! If they told you they have a surety bond, how would you know for sure and if they had paid the premium lately?
Pro
Joined: Mar 2021
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I would also hope the documents, signed by both parties, spell out the terms and conditions of the deal, including non-payment by either party and how to handle claims if the car is not quite as expected.
But unless one has read all such documents carefully and/or has experience with this sort of issue, who knows ?
