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

[Anonymous]

Anonymous wrote: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.

No catch.

-Signed someone who got $15k for their 2015 Forester in July after receiving one of those "We want your car!!!!!" postcards in the mail.

I had been toying with the notion of getting a new car, so I decided to call the dealer just to see what they had to say.

The car was paid off and had around 74k miles. I see 2015 models with around the same number of miles listed for $20-25k right now on the dealer site.

[Anonymous]

Anonymous wrote:

Anonymous wrote: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.

No catch.

-Signed someone who got $15k for their 2015 Forester in July after receiving one of those "We want your car!!!!!" postcards in the mail.

I had been toying with the notion of getting a new car, so I decided to call the dealer just to see what they had to say.

The car was paid off and had around 74k miles. I see 2015 models with around the same number of miles listed for $20-25k right now on the dealer site.

Wow, you could have gotten 5+ more years out of that. Dumb to let it go.

[Anonymous]

Better buy the new car first

[Anonymous]

Anonymous wrote: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.

PP who sold DH's BMW. Similar experience. No changes from the online quote. Carvana rep showed up when they said they would. Inspected the car and handed us a check on the spot. Super easy. Took all of 10 minutes. I think it took them a few days to actually come get the car, but I'm not 100% sure because we no longer lived there.

[Anonymous]

Great. I have 2019 HR-V with 7k miles on it only. I drive in the city a few miles a day. No scratches yet surprisingly. I don't love the car; it's too slow. Paid $26k for it. Any takers?

[Anonymous]

It’s a weird time OP. The used car lots around me seem to have plenty of inventory. The new car dealers, not so much….

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

No catch.

-Signed someone who got $15k for their 2015 Forester in July after receiving one of those "We want your car!!!!!" postcards in the mail.

I had been toying with the notion of getting a new car, so I decided to call the dealer just to see what they had to say.

The car was paid off and had around 74k miles. I see 2015 models with around the same number of miles listed for $20-25k right now on the dealer site.

Wow, you could have gotten 5+ more years out of that. Dumb to let it go.

Not pp but I got rid of my car after getting an offer. I walk and cycle and a car was a “nice to have” but not really necessary. It was just sitting there being unused.

Maybe I’ll buy another car in a few years but won’t be in the market for the next 2 at least

[Anonymous]

Posts like this make me realize I should not feel bad about wanting to trade in my 10 year old car that still works great when people are willing to get hosed to trade in a two-year old car just because they want a different one.

[Anonymous]

Check with Carmax. They offered me more than Carvana for my Subaru.

[Anonymous]

I made a killing on my used car last year and leased a new one for a reasonable price. No catch.

[Anonymous]

Anonymous wrote: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.

The catch is the upgrade will be proportionately more expensive.

[Anonymous]

Carvana is crazy. Gave my DH $46K for a car that he paid $35K for. Made zero sense but he took the check

[Anonymous]

Anonymous wrote:Posts like this make me realize I should not feel bad about wanting to trade in my 10 year old car that still works great when people are willing to get hosed to trade in a two-year old car just because they want a different one.

Hosed? You haven't been paying attention to used car prices. Many break even or make money.

[Anonymous]

This is happening all over the place lately - agree with PPs that the catch is you'll probably have a hard time finding your new car and pay more for it.

I am in the really plum position of having leased a Volvo in early 2019. The residual price was based on me driving the 10k miles a year, and right now I am only at 8k miles total due to the pandemic! Normally I would roll into a new lease, but in this case it's a total no-brainer to buy out the lease at the end for waaayyyy less than I could buy the same car on the open market. I'll probably end up getting a new lease soon, but when I sell the Volvo, I'll make a profit and basically will have driven it for free for a few years.

[Anonymous]

Anonymous wrote:Posts like this make me realize I should not feel bad about wanting to trade in my 10 year old car that still works great when people are willing to get hosed to trade in a two-year old car just because they want a different one.

I don’t think you understood the post.