Carvana wants to give me $29K for my Subaru that I paid $30K two years ago

Anonymous
It's a 2019 Outback. It now has 21,000 miles on it. I paid $30,300 and Carvana wants to give me $28,900.

What's the catch?

We've been thinking about upgrading to the Outback XT Onyx or Limited. This might just push me over if I can basically recoup the cost of our old car.
Anonymous
The catch is that cars are still pretty hard to find, so you're car is worth more than it would be normally, but finding a new car will also be difficult.
Anonymous
Supply vs demand. There’s a lack of new cars available due to supply chain issues, so used cars are worth more. It will probably take 60-90 days to get a new Suburu at the moment.
Anonymous
The catch is that you’ll be overpaying for your next car.
Anonymous
Anonymous wrote:The catch is that you’ll be overpaying for your next car.


I'm seeing fair pricing on the Outback Wilderness Edition (basically $40K) and few other models in the local region's inventory.

Anonymous
Anonymous wrote:The catch is that you’ll be overpaying for your next car.


This. As long as you're not buying another car there is no cathc.

There is no catch with Carvana. Simple, easy and quick process. We sold DH's BMW to them a few months ago.
Anonymous
Anonymous wrote:
Anonymous wrote:The catch is that you’ll be overpaying for your next car.


This. As long as you're not buying another car there is no cathc.

There is no catch with Carvana. Simple, easy and quick process. We sold DH's BMW to them a few months ago.


Any issues honoring the online the offer? Any hidden fees or charges? Did you need to pay tax on the sale?

I'd love to hear more about your experience.
Anonymous
This is not responsive to your question, but we sold a 15yo Subaru last year for 60% of the purchase price, and it needed some work. Subarus hold their value well.
Anonymous
Anonymous wrote:
Anonymous wrote:The catch is that you’ll be overpaying for your next car.


I'm seeing fair pricing on the Outback Wilderness Edition (basically $40K) and few other models in the local region's inventory.



From my research Suburu dealers aren’t jacking up the prices on their new cars. The downside is that their kits are empty and you have to basically put your name on the list and wait two to three months for a car to come in.
Anonymous
^ “kits” = lots
Anonymous
In the same position but they are giving me MORE than what I paid for the car 2 years ago. I paid 13k for a 2015 Mazda CX9 and they're offering 15.5k! I was so skeptical too, but I have an appointment to sell my car to them tomorrow night. It has been a super easy process. I uploaded my driver's license, loan info and took some pictures of the outside and inside of the car. They said the pickup appt should be about 15 mins and consists of me signing paperwork, a brief inspection of car and giving me a check & paying off loan balance. No changes to online initial quote once pics were uploaded. I will know by tomorrow at 7pm, but I kind of doubt the amount will change because they're supposed to show up with a check.
Anonymous
No catch. Car shortage. If you can find a new car for a reasonable price, do it.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:The catch is that you’ll be overpaying for your next car.


This. As long as you're not buying another car there is no cathc.

There is no catch with Carvana. Simple, easy and quick process. We sold DH's BMW to them a few months ago.


Any issues honoring the online the offer? Any hidden fees or charges? Did you need to pay tax on the sale?

I'd love to hear more about your experience.


Np. They show up, hand you a check for the quoted amount, and drive your car away. That is literally what happened to us.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:The catch is that you’ll be overpaying for your next car.


This. As long as you're not buying another car there is no cathc.

There is no catch with Carvana. Simple, easy and quick process. We sold DH's BMW to them a few months ago.


Any issues honoring the online the offer? Any hidden fees or charges? Did you need to pay tax on the sale?

I'd love to hear more about your experience.


Np. They show up, hand you a check for the quoted amount, and drive your car away. That is literally what happened to us.


Oh, and then they sell your car for a few grand more. And someone miraculously pays for it.
Anonymous
I drove by the Subaru in Alexandria and they had very few cars.
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