Another avenue for some would be to do a trade in purchase through a Credit Union, even if you're not buying a car from them. The concierge service through Autoland or Autonation has been fantastic for us. You submit your request, appraisal form, and pictures (COVID times), and they send away for multiple auction offers. They then present you with the highest offer. Take it or leave it. The other advantage here is that they take care of all or your DMV tasks for the trade/sell as well.
I sold a 16 year old Hyundai to Carmax recently. I cleaned it up but it was far from perfect. I got way more than I was expecting and it was a very smooth process.
Carvana was a great experience for me. Their offer on my 1 year old truck was shockingly way above blue book, I set the appointment online, a flatbed showed up, the driver had me sign about 6 pieces of paper, and a couple of days later the direct deposit hit my checking account. Could not have been simpler or easier.
Ojisan642, Yes, my experience with Carvana was similar on both vehicles we sold to them: fast, safe, and painless. And there was no last minute changes in the offer for any reason - what the offered is what we got.
Carvana offered me $200 for my fully running, no mechanical problems at all, 05 Nissan Altima in fair condition. LOL. Waste of time, and they got my email now, so incoming spam!
I've bought cars from private party, but am not a fan of selling to them. I had a guy that wanted my 85 Buick. This was back in the early 90's. He wanted the dealer to check it out. The dealer said the trans was bad and the guy didn't want the car. He also didn't want to pay for the dealer to check out the car. The dealer didn't care, because he had my car and my keys and neither were leaving till that bill was paid. He agreed to split the difference and I did it. Paid a $75 bill so I couldn't sell my car. I told that guy he was a POS, but I don't think he believed me.
I bought a new 2020 Kia Optima S on Feb 29th right before the pandemic. I always pay cash for my cars and have learned how to tell if the dealership is willing to work a deal or not for cash. Anyway, I paid $20,500 with sticker being $26,390 and then a month later no longer needing it because of the pandemic. Now, I am selling it to Carvanna, as they have offered me the most. Accepted the deal today, they are picking it up Tuesday. It has low miles 5456 and still perfect. They are suppose to wire the money in 1-2 days after they pick it up. Hope yours goes well, let us know.
Just checked with Carvana, Carmax and Vroom. And Vroom came out with the highest offer followed by Carmax and then Carvana. Carvana’s offer was $3K less than the other two. This is for a leased 2019 Subaru Outback which will expire in 7 months. So I guess it will depend on where you live.
I’ve always found that selling a car to a private party to be much less aggravation than going through the games played at the dealer. I spend a couple of hours detailing my vehicle. Most often the first person to look at it in person made the purchase. If needed for your level of comfort, you can always make the financial transaction in the lobby of a bank. Cash for the pink slip captured on video. A little bit of work is worth thousands over what the dealer offers.
Your level of comfort may also depend on the value of the car you're selling. Cash at your bank is definitely the safest because, if the bank accepts it for deposit, you've eliminated any possibility of the bills being counterfeit. However, I don't know about you, but while I might be willing to bring cash to buy a $5,000 car I wouldn't walk around with $20,000 or more in cash and I doubt may buyers would. As for taking a check, unless you do the deal at the buyer's bank and cash his check there immediately there's always the chance you'll get a call from your bank a few days later telling you it bounced.
@@jenarizona1102 If you believe cashier's checks have never been forged, or that no bank has ever refused payment on one because the "verified" funds turned out to include checks that later bounced, you go right ahead and swap your title for one.
Update on my comment (3 mo ago) I sold my vehicle, which I bought in Dec 2014 for $$32K that carvana offered me $16K on for $24K cash. Definitely worth the, in my case, minimal addtn'l effort. If they would've offered me $20K I prob would've sold to them. 2015 Limited WRX
I just sold my 07 pt cruiser private party on Craig’s list, sold within 24 hours, cash buyer! Due your own work, go to kbb to find out true value and take it from there, I did quite well! I have NEVER used a car as a trade in, you can make double or more selling it yourself. Carvana and carmax prices are too high, can do better without their services!
👍 on the vid. My quote from Carvana was far less than I was expecting. I then searched and found my car in my area w similar miles, features, trim level and they were selling for $7-9K more than they offered me. That's a 43-56% gross profit over what they offered me. I dont think so. I'll submit to vroom, but likely will be going the private route as I'd rather not leave money on the table. thanks guys
I had the same experience - Carvana, KBB, Edmunds, etc. all offered me $10K for my Toyota Tacoma when local private sales were closer to $18-$20K. Seems to be private sale is the way to go for me, given that…
Wow !!! I learned so much about dad and son within the 1st minute. Best is when Ray says " What could of been"....lol. i have 4 older son and I've said those same exact words over and over and over !!
Great video thanks. Watching this now, and seeing what has happened to Carvana is pretty funny. We now know their business model of offering significantly higher prices for cars was NOT prudent lol.
This was very straight forward information from you both! Thanks! While I agree that you usually can get more from a private party sale there is also a lot that can go wrong as well. Trading to a dealer is easy but usually dumb. Selling to CarMax, Carvana, Vroom is easy and safe. So private party if you have time, a bit of sales speak, and are confident you will get your money in the end. I figure this is why most folks trade!
@@Linzieleefreewald I think the whole process took a week, they paid me the day after they picked up my car. Super fast, my husband just sold his to them this week and he had the same experience.
Auto dealers may give you the lowest price because that's what they do, they lowball. But - in some states you may be able to save on sales tax if you trade in when you buy another car
Idk if anything is true anymore with carvana. When selling I try to go private but many don’t trust the private no matter how much they can save. I went to 5 dealers to get a price and then online. Carvana was 1k below blue book. Most dealers were 3-5k over blue book. I get online has no real eyes to make decisions. That’s their problem. I like dealerships. I like the process. It’s also a fun place to try out new tactics on strategy especially on the finance guy. This new one has been fun. When I get a question I look them in the eyes and count to 7 in my head. The room goes cold before I answer. The questions stop.
GREAT video. How does COVID affect this pricing? I've heard the microchip and supply chain shortage is really changing pricing and pushing things up. Is Carvana still a good option in this case or would this be flexing the outcome?
I think so! Compare the offer carvana, carmax or vroom give you to what they have listed for sale on their websites. For example carmax gave me the best offer of $26,600 for my car and on their site the cheapest one they have listed is $30k for my make/model/year/miles, seems like a reasonable margin. I think vroom didn’t take into account the COVID micropchip shortage and they offered me 22k, that’s how much it was going for last year before the shortage!
My 18’ accord sport 1.5 w 145k miles needs windshield replacement, all new tires, brakes, turbo going out, and has an oil leak. CarMax quoted 9k, caravana 11k, Edmund’s 10k
Carvana does not pay s*** for cars my car trading value is $43,000 to 46,000 carvana offered me $30,000 in my cars in excellent shape showroom condition
Video on tastefully-done aftermarket lift kit, wheels and tires on a truck. 1. Why dealers don't place value on them? 2. Why dealers charge 10k more when they sell them? Private party sale = $22k Dealer sale of same truck = $31k
What about selling a car/van to commercial outlets? Thinking of trying to find an airport taxi company or a company who needs a cargo/delivery with optional seating. I felt like the dealerships and carvana missed the boat with pricing since the vehicle acts as both commercial or personal.
Thanks for the information but what if when you try to find the value or even search the VIN it's listed as Not Available (due to the car being a classic)? We tried Google, DMV told us to Google seen like they didn't want to give us any information, even tried the car’s company and they couldn't find the VIN or anything, so we tried the bank and VIN was not available too. It's a car from 80s too but we got title in hand. Any suggestions?
Thank you for your great video, plz I have question, once I tried to sell my car on eBay, I was scared to sell it the people who emailed me, they asked me to send them my location and they will send body to pick it up and shipping it, and they asked me my account bank to send me money... how should I sell it safe
Uhh Carvana just offered me 5k less because "car market has been deeply impacted by COVID-19, leading to lower vehicle values" so..wtf... AND my SUV is the 9th fastest selling used car in the market (4runner). Wow.
My Extra-cab F150 is 13 years old, 163,000 miles, transmission won't shift from P to D (have to go to 2 first, then D, otherwise works fine), scratches all over the paint, rear seat belts got chewed up by the dog. I don't have the energy to deal with a private sale. A junk car buyer offered 1300 for it. Should I even take it to the dealer to see what they offer? Or just junk it?
Following up in case it helps anyone, I did take the truck to the dealer and they first offered me $1200 for it, which I would have accepted. Then as we were negotiating the price of the new car I told them I'd go up $800 on the price of the new car if they would go up $800 on the trade-in. Surprisingly, they took it and I ended up getting $2000 for the old truck. So yes, it was worth the embarrassment to take a clunker into a dealer to see what they offer, it was good to have it available as a negotiating tool.
Recently sold an Accord to Carvana and got over $2500 what my Honda dealer offered. It had extensive maintenance records from Honda dealership. I’m sure that helped.
I sent my car and title on 2/9 to vroom and i still did not recieve my check from them. I ve been calling them since then everyday, this is really painful and horrible stressful. Keep repeating themselves, wait 3-5 business days and no solid answer. They have my car and title, I dont have my money. Basically stolen? How to publicize this vroom issue?
Have a 2017/75 anniversary jeep wrangler. My lease is up December this year, I am having the lease through US Bank, I’m trying to buy it out right now but they are a real pain in the butt. Any suggestions on how I go about doing this. Or my better off just to turn it in in December when the lease is up walk away.
Vroom was higher for me than Carvana and Carmax - I had an old Nissan Titan that needed a lot of work and it wasn't worth much with 263k on it - Vroom gave me an offer and a neighbor's BIL matched it. Engine and trans in great shape, everything else, not so much being a mid-Atlantic truck for 11 years where is racked up most of the miles via highway driving. Rust galore...
Is this a Carvana advertisement? They really aren’t discussing the premise that they set up about other alternatives. Disappointing guys but then these are interest-rate insiders who sang inside the box of a hegemony of sales
Stating the obvious, Carvana and some of these other entities wildly overpaying for vehicles they don't even check out then selling them on the open market. Sounds like a winner for buyers! Yay internet disruption for everything! Couple clever douches get really rich and lots of drivers...screeeee.....bam!
* that came off a bit weird...to clarify meant tech entrepreneurs not the creators of this video. Many thanks to you two for all the great content helping to navigate the dense thicket of lies that is the auto dealer landscape. Keep doing what you're doing, valuable public service.
Funny how people who get their vice out of their system turn around and don’t condone the vice. That is, of course, after they’ve had their fill and satisfaction from it themselves. Like youth pastors who had a bunch of sex and then go on to tell youth not to have it. If you have partaken in the vice, don’t turn around and say “But I don’t condone it.” Maybe try “But I don’t RECOMMEND it.”
Hey guys. Great info. Just sold my 2014 Audi A4 in a private sale last weekend. I barely drove it and it was in great shape with some custom touches, e.g. wheels, etc. I went to Carvana 1st and they offered me 12K. I sold it myself 3 days later for $17,250 which was more in-line with KBB. I didn't expect such a low offer. Perhaps I should have looked at Carvana.
Sorry but I was looking for precautions when selling a car. This vid was just a lot of meaningless verbiage that could have been stated in half the time.
Carvana? Oh absolutely NO! I just went through their site and entered all the information on my 97 Jeep Cherokee with 141k miles and their offer was $269.