What in the absolute h.e.l.l.??!
When I asked them for an offer on my 2015 Obk Ltd back in December, Carvana's offer was very low. Enough so I didn't even print it out, want to say like $14.5k, albout $10k less than KBB claimed the median value of their range for trade-in. Meanwhile Carmax said $21k and a local used place offered me $22k cash, which was almost $1k more than KBB online instant cash emailed me. I'm in central IN.
When I pinged co-workers who I had heard sold to Carvana for crazy high offers why they got a great offer but mine was so low, our conclusion was Carvana only want cars 5 years or newer. Easy enough, so I moved on and forgot about them.
In the last 2 weeks, I re-asked CarMax, they were almost the same as in Dec at $20,800. While I re-did KBB instant cash and asked some of the used Chevyu-brand dealerships that KBB partners with and both dropped $2-$3k-ish from their offers in December. We all know new car inventory is still low, my interpretation is CarMax must have similar inventory as Dec, while the KBB/Chevy ones must have plenty more relative to before.
For the heck of it -- since I'm counting down the hours until I trade this vehicle to the Subaru dealership as I buy a new Outback -- I just entered the VIN into Carvana now, took 3 mins to fill out the feature and got an offer of almost $23k, so a good margin higher than from any car-buying business at any point in the process.
It says my offer is good until June 17th, which I find weird since everywhere else on the website says offers are good for 1 week.
Does this make sense to anyone?
Should I be scared?
A couple people in threads have warned to be careful with Carvana. Their website makes it sound so dang easy, and that they even pick up the car which is when they pay you. This sounds along the lines of "too good to be true"
For next steps to finalize my offer, it says I need to upload photos of the odometer, title, and photo ID (says usually a driver's license. And I will be paid and schedule an appt for pick up or get instruction to drop off.
This is almost 2 grand more than Subaru dealership was going to give me taking into consideration what I gain in net sales tax credit so of course I'd like more money. Plus it has the bonus that we can pay of a higher interest loan with variable (that is of course jacking up with the Fed going up.)
Any and all advice is welcome as I've never sold a used car via anything but private party
(which I'm a veteran of, sold or bought like 12 over the last 20 years.)