Carvana
Racer
Joined: Nov 2021
Posts: 344
Likes: 161
From: Plano TX
private sale
Although I've had them provide me a quote, they are always waaaayyy lower than what I eventually sell my car for myself. For ex, they wanted to pay me $31k for an AMG that I eventually sold for $45k. Now, they want to pay me $51k for my C8 when market should be around $65k. IMO, that's way too much of a gap that I'm not willing to let go of.
Racer
Joined: Sep 2024
Posts: 282
Likes: 165
Sold my 2015 to them. They offered the best price by far as winter was approaching and local dealers did not want to hold it to spring. Could not have been easier, we have a local drop off location, they gave their price, set up an appointment that week and drove it down. They inspected it for 15 minutes and handed me a check.
Intermediate
Joined: Jan 2021
Posts: 31
Likes: 26
I sold a 2013 427 to them about 8 months ago for what I felt was a reasonable price. I live in the boonies, so I drove it to their location in Louisville, KY. They did a cursory look at it, signed papers and had the ACH deposit same day.
The next week I was at the DMV registering another car, and they said the 427 was already in Montana!
The next week I was at the DMV registering another car, and they said the 427 was already in Montana!
Pro
Joined: Feb 2020
Posts: 546
Likes: 229
From: East Coast Traveler
Of course... that obvious. I don't mind them getting a profit to essentially be the "middle man". But at 40-45% markup!@? That's robbery. But for those who can't be bothered, that's the price to pay. I would feel like serious sucker if I took $31k and they ended up selling it for $45k. Or in your case, $33k for $47k. Assuming the car has zero reconditioning needed (my cars are in concours condition), I'd be ok with them getting a $2k commission for basically being the middle man to do paperwork.
Safety Car
Joined: Aug 2018
Posts: 3,977
Likes: 1,822
From: Western WI
Carvana's average profit per vehicle is $6K but that includes the amount they make from loans. The best any dealer would give me on trade for my last car was $4K less than the Carvana offer which was also slightly above KBB or NADA values. I may have made 1 or 2K selling it myself which would not have been worth the hassle.
