5 ms·
The used car market has exploded (as the article calls out) which has heavily contributed to this. That being said the experience aspect is awesome and I’ve ha
by darkwizard42 5y ago
The used car market has exploded (as the article calls out) which has heavily contributed to this.
That being said the experience aspect is awesome and I’ve had 3 friends use Carvana to buy their pandemic vehicles with no complaints and nothing but good things to say about the service.
- fiddlerwoaroof 5y agoI’ve been sort of wondering if I should sell my year old Model 3 and buy a new one because of this: between price increases, delivery times and the used car market, it almost seems financially irresponsible to hold on to it.
- bink 5y agoThat's what I did when prices started to get nuts earlier this summer. I got offers from Carmax, Carvana, and Vroom. One was >$1k higher than the others for whatever reason and since we didn't need to be paying insurance, taxes, and maintenance on two cars while working from home we got rid of one of them. The car sold for $3k less than we paid for it 5 years ago and with twice the mileage now. My plan was to buy again when prices calmed down but at this point I have no idea when that will be.
- xur17 5y agoIs the price you could sell it for used the same as you could buy a new one, or am I misunderstanding?
- fiddlerwoaroof 5y agoIt’s pretty close to the price I paid for it, if not better. I haven’t run the numbers yet, but a midnight silver LR AWD is going for like $50k on caravana right now: so the total depreciation cost would be <$10k or negative.
- closeparen 5y agoDon't forget sales tax. You lose a lot on that when switching cars quickly.
- eightysixfour 5y agoI sold mine for the same reason.
- darkwizard42 5y agoI think it’s a good time to go for it if you can be car independent for a bit.