for fun- would you sell?

[Anonymous]

I have a 3 year old Crosstrek that was purchased in advance of a planned move to a snowier climate that ultimately fell through. I did a quote on Carvana and they offered me $24,500. (paid 26,000, owe 10,000) 3 years ago, Would you sell it and buy a sedan since we don't need 2 AWD vehicles here? What would you get? I'm looking at sedans mostly.

[Anonymous]

Civic? Corolla?

Those are the standard answers.

[Anonymous]

Yes sell.

[Anonymous]

I would sell and buy a hybrid or EV

[Anonymous]

You have an offer for $1500 less than you paid 3 years ago? I would definitely sell and roll that equity over.

[Anonymous]

If you love it, keep. If you don't, sell.

[Anonymous]

Anonymous wrote:You have an offer for $1500 less than you paid 3 years ago? I would definitely sell and roll that equity over.

+1

[Anonymous]

Anonymous wrote:I would sell and buy a hybrid or EV

That’s what I’m leaning toward. Probably not a good candidate for pure ev because I live in a condo.

[Anonymous]

You may have trouble buying what you want. Inventory is crazy thin due to the chip shortage. And used car prices are stratospheric right now.

Before I sold, I would first sort out the next car and ensure you can get it.

That said, we get enough snow, ice, and freezing rain in the DC region to warrant AWD. The Crosstrek is a great car.

[Anonymous]

Anonymous wrote:You may have trouble buying what you want. Inventory is crazy thin due to the chip shortage. And used car prices are stratospheric right now.

Before I sold, I would first sort out the next car and ensure you can get it.

That said, we get enough snow, ice, and freezing rain in the DC region to warrant AWD. The Crosstrek is a great car.

It depends on what you want to buy, but there is no inventory shortage for most cars. The industry average inventory supply is now at about 44 days.

Calm yourselves!

[Anonymous]

I just sold my car to carvana for $2k less than I paid for it 5 years ago. (And now it’s listed as “purchase pending” for a few hundred more than I paid for it.) My thinking was, when am I ever going to beat that deal again? But I wouldn’t have done it if I loved the car. I also know I may not find a decent deal on another car right away, because somehow my perfectly average car went up in value after I put 35k miles on it.

Which means not a great time to buy. I’m trying to hold off for 6 months unless I can find a decent dea before than.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You may have trouble buying what you want. Inventory is crazy thin due to the chip shortage. And used car prices are stratospheric right now.

Before I sold, I would first sort out the next car and ensure you can get it.

That said, we get enough snow, ice, and freezing rain in the DC region to warrant AWD. The Crosstrek is a great car.

It depends on what you want to buy, but there is no inventory shortage for most cars. The industry average inventory supply is now at about 44 days.

Calm yourselves!

Interesting. Why is Carvana paying so much for cars?

[Anonymous]

Anonymous wrote:You may have trouble buying what you want. Inventory is crazy thin due to the chip shortage. And used car prices are stratospheric right now.

Before I sold, I would first sort out the next car and ensure you can get it.

That said, we get enough snow, ice, and freezing rain in the DC region to warrant AWD. The Crosstrek is a great car.

We have another Subaru to cover snowy conditions so it’s ok to get rid of one. I do like the crosstrek but the other car wouldn’t yield as big of a down payment to roll in to a new car.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You may have trouble buying what you want. Inventory is crazy thin due to the chip shortage. And used car prices are stratospheric right now.

Before I sold, I would first sort out the next car and ensure you can get it.

That said, we get enough snow, ice, and freezing rain in the DC region to warrant AWD. The Crosstrek is a great car.

We have another Subaru to cover snowy conditions so it’s ok to get rid of one. I do like the crosstrek but the other car wouldn’t yield as big of a down payment to roll in to a new car.

Heh, I also own a Subaru so I may be a bit biased. In your case, I would sell to Carvana for that deal as long as I felt comfortable I could easily replace with another vehicle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You may have trouble buying what you want. Inventory is crazy thin due to the chip shortage. And used car prices are stratospheric right now.

Before I sold, I would first sort out the next car and ensure you can get it.

That said, we get enough snow, ice, and freezing rain in the DC region to warrant AWD. The Crosstrek is a great car.

It depends on what you want to buy, but there is no inventory shortage for most cars. The industry average inventory supply is now at about 44 days.

Calm yourselves!

Interesting. Why is Carvana paying so much for cars?

I think they are trying to capture market share. And, honestly, their prices for buyers are not that great relative to dealerships where you can haggle everything.

Basically, Carvana has figured out that a decent segment of people will over-pay for a used car if the experience involves no human interaction or haggling all through the convenience of their iPhone.