Carvana Bought My Car-Now They’re Selling It for THIS Price!

[@MrSloika]

That's actually a pretty fare mark-up. Could you have received more money if you sold it privately on FB Market Place or Craig's List? Probably, but you would have worked for that extra money. No shows, tire kickers, broke people, the guy who calls you after six months demanding his money back because the trans went out, etc, etc.

[@MyAutomobileObsession]

Thanks for the comment. That was my feeling exactly.

[@josephkelleher8820]

I would never consider selling a car after only having if for a short period of time. When I buy I usually keep the car for at least 15 years. Got to get my moneys worth.

[@MyAutomobileObsession]

Thanks for the comment. I tap out on a car at around 7 years, so yes you are very correct that there is more value to be had by keeping it closer to 15, but I tend to like new technology and a lot of changes take place in 7 years' time. I wish I had your discipline!

[@chrishollis6015]

With the way America has changed for the worst I would never sell private party.

[@MyAutomobileObsession]

Sad but true. Thanks for commenting.

[@jperksification]

What Carvana is asking and what they ultimately sell it for, is often a different thing.

[@MyAutomobileObsession]

Thanks for the comment. I was wondering if they periodically mark cars down that have been sitting in inventory as I don't know if/how one makes an offer to buy at anything other than the posted price since you're dealing with a website.

[@prs44]

@@MyAutomobileObsession they do mark them down after they get a few cobwebs on them. but it isn't much, like 500 at time

[@jimmywalters3071]

I went to Carmax with my 13 year old Acura MDX AWD and they offered me $550 .. It was in great condition but had 320,000 miles , bought new - all highway miles. I decided to sell it out right as many people at my work offered to buy it for at least 2 and 3 thousand... as they know it was well taken care of by me for 13 years. I decided to sell it to my sister for one thousand as she needed a nice size SUV . After 7 years now she still owns the car and runs great. I currently have two automobiles now , a 2017 and a 2023 truck I bought last summer. If I was selling a car , I would get a price from Carmax and Carvana .. then call up different dealerships in my area to see if they could beat Carvana's price. If you got the KBB "trade in" price at Carvana then you did ok.

[@MrSloika]

I'm sure you are telling the truth, the problem is that EVERYONE who is trying to sell a high mileage car claims 'HIGHWAY MILES!, 'METICULOUSLY MAINTAINED!"....almost always it's lies.

[@jimmywalters3071]

@@MrSloika well customers have to understand if you buy a used car .. you will have to allocate more money every year for maintaince .. such as belts, hoses, struts, tires, brakes , maybe transmission rebuilts .. but you are paying alot less than the new car. I drive alot and have always bought new and keep most of my cars will the end .. I change the oil regularly , new plugs, filters etc and they last and last.

[@MyAutomobileObsession]

Thanks for your comment. It can be hard to sell a 13 year old car mainly for the perception that it must be old and in poor condition, or that something expensive can go wrong at any point. If you think as a buyer looking at cars for sale, it might take a little extra time to match a buyer to a well maintained older car with 320,000 miles on it. I have heard that both CarMax and Carvana will give lowball offers for cars that they don't really want to buy, but it does feel a little insulting to receive an offer like that.

[@Moc619sd]

I think they make the majority of their profit on vehicle financing? And prey on people with poor or no credit. They will pay anything for a shiny car from a dealer they can complain to. Good job

[@MyAutomobileObsession]

Thanks for the comment. It's a good point that car dealers focus on less obvious ways to profit and I think you might be 100% on target.

[@masonjones3780]

Tried selling my car Pvt party. Total pain in the azz. Already sold some in the past. Nothing changed. Scams, stupid phone calls and no shows. Sold to carvana in one day and got a fair price for the car. Whatever they sold it for, good for them.

[@MrSloika]

Yup. Selling a car yourself literally attracts every dim-bulb and creep in a 50 mile radius.

[@MyAutomobileObsession]

Thanks for the comment. I had not sold a car private party in over 20 years, and just didn't feel up to having my guard up on possible "difficulties" that I might not even be aware of. Going with a place like Carvana, at least I was prepared for the experience.

[@loum.4377]

This car should sell quickly. The only issue is peoples debt. High debts and the interest rate will be higher. Its a great looking car.

[@MyAutomobileObsession]

Thanks! It was an interesting experience. I thought it would be a straight forward topic, but Carvana made me jump through hoops. I'll be keeping my eye on the MINI to see how long is stays for sale...

[@normanclarin6668]

Look at thier overhead cost if you factor that in they probably net 3000.- 3500. A unit

[@donaldlee6760]

As someone that would have paid all cash for your car, how do I find regular people like you that normally would not consider selling private party?

[@MyAutomobileObsession]

Thanks for your comment and compliment (or at least that's how I'm accepting it!). I always felt the same about where to find a good used car - because they do exist. However, I was never able to find a suitable answer. Happenstance was the only case in which I sold a car privately. On three occasions over the years I have sold cars to friends who knew how well I kept my cars and were interested when I mentioned that I was planning to sell/trade, so it worked out because there was mutual trust.

[@jpmvids]

A $6400 markup is 30%, if Carvana gets their asking price, so I consider what they paid you to be a fair price. What surprised me is how fast they turned it around.

[@MyAutomobileObsession]

Thanks for your comments. I was a little surprised too, but I knew that I turned in a really clean car that should need little if any attention. I think they gave it a bath, and took photos and it was online for sale.

[@tonyt3345]

Do yo have a dealer license of sorts if so which one, and do you make a good living doing this, and do you only sell to other dealers?

[@MyAutomobileObsession]

Thanks for the question. No, not a dealer and no license. I'm only making videos as a part time to document things relating to mostly buying and sometimes selling cars.

[@amyholloway1691]

I feel like that was a fair deal. They have to make money and not dealing with BS is worth it sometimes.

[@MyAutomobileObsession]

Thanks for the comment. That's how I was feeling about it. No regrets.

[@bernelnery2191]

Since you have already sold your car to Carvana, Is it safe to say that Trading it in with Ineos was a no deal?

[@MyAutomobileObsession]

I was originally planning on keeping the MINI for a few months while I settled into the Grenadier and wanted to be sure that it was all I was hoping it would be. Also, I'm not a big fan of trading cars as dealers can be tougher to work with when numbers keep moving around in the deal. I try to keep the sale transaction separate. Thanks for commenting!

[@williamkohlerjr]

Seems this could have been a 2 minute video

[@MyAutomobileObsession]

Thanks for your comment. It probably should have been. I can be a bit wordy...

[@titaniumsandwedge]

This video is a nothingburger. Is it noteworthy that Carvana flips cars for a profit? Does any private seller have the marketing presence of Carvana?

[@MyAutomobileObsession]

Thanks for the comment - I don't disagree with you. I wasn't planning to make this video, but Carvana had my car turned around faster than I was able to sell it to them, so I thought it would be interesting to share and compare what I got to what they want for it. I know I can be a bit wordy...