Chronic Car Buyers Anonymous (Archived)

stickguy

Don’t know, but maybe I should run the Jetta again. Though the kid will need it for st least another 6-8 weeks.

breld

nyccarguy said:

sda said:

nyccarguy said:

au1994 said:

Hmmm...Carvana just gave me a quote on the X1 with ~$1200 in positive equity.

I just got a Carvana offer for the Pilot as well. I'm at about $10,300 in positive equity.

Got the itch? ?

Always. Plus I could put the $10K to very good use.

Yup - if I go ahead and push the final button for the Carvana sale I'll get a check for $15k. Paying down some other car debt and taking a little time to find that next fun car would be nice. And it's so much nicer to shop when you don't have to worry about a trade value.

Something like an M2 is still on the radar, but I've also given a lot of thought to getting back to something like a Civic Si or GTI. It may seem silly, but I find it less painful to trade something like the Supra than have it already sold and make a fresh purchase.

stickguy

It’s the immediate gratification of getting a new car. Even seeing my TLX go away did that to me, since it left an empty space in the garage, but I knew I wasn’t filling it.

I am surprised though how easy it was to just have one car this long. Though I doubt it would have been without COVID. Definitely couldn’t do it if the wife wasn’t WFH too.

fintail

It's the C-pillar, I find it a little off-putting, too.

ab348 said:

breld said:

I don't mean to be unkind, but that reminds me of an old Dodge Avenger. Not a good look.

fintail

Is that rear quarter window real, or complete DLO fail? Stylists these days

breld said:

And here's a rendering of that Polestar 3. Sort of reminds me of when Genesis initially was a more handsome Hyundai, and now the brand is showcasing their own distinct design.

fintail

I'm still waiting to see the 928-homage CUV thing.

I'll give credit to the headlights, which are unique and work in the application. Grille needs maybe a little less size, rear lights remind me of W213 E sedan.

breld said:

Speaking of Genesis, I do like the 2022 G70. Seems that model wears the new headlight and taillight design the best.

rny421

I received an offer for my 2015 TLX from Carvana as well, and they're offering $13.3K, which is surprising. Vroom was around $11.5K, and Carmax was around 12K. Not a bad offer for a vehicle I only paid $20K for that currently has 69K miles.

....more to come

tifighter

breld said:

All my documents have been reviewed for sale of the Supra to Carvana and I'm able to book a pick up as early as Saturday. Seeing as an historical snowstorm is predicted for the weekend in Denver, I think I'll hold off until next week.

So, seems legit. Maybe Carvana is stocking up for Spring?

clm8

I have a 2014 Acura RDX Tech Package. I put it in Carvana 2 weeks ago, $15,200. I put it in again this morning, $17,100.

pensfan83

May as well get a quote on the RDX.

fintail

Was thinking of doing a Carvana quote on the wagon just for SAG, but I am "out of market". I've seen crazy (dealer) asking prices for 3 year old CPO examples, far above my residual, that have me thinking what I will do in a year.

tifighter

Do they have Carvana in Spokane? Still not in Seattle market...

pensfan83

Carvana came back with $38,090 on the RDX. Payoff amount is $36,594 according to AFS but I need a little help figuring things out as I've never done this before. How does the tax figure into that payoff?

stickguy

When I did the TLX the buyout on the web include tax (as if I was buying it) since it was a lease. You need to call and get the actual number for Carvana to pay them. I assume you have a lease? If you are financing no tax on the buyout.

tifighter

I love it. @breld gets a trade in value for the Supra. And within hours to a few days, we'll have a few cars sold to Carvana.

Guess who has become an influencer?

Michaell

tifighter said:

I love it. @breld gets a trade in value for the Supra. And within hours to a few days, we'll have a few cars sold to Carvana.

Guess who has become an influencer?

Now, to figure out how he can monetize this influence, to fund his habit.

corvette

These high offers make me wonder whether I should've kept the G37 another few months, although I can't imagine a higher offer than what I got last fall.

28firefighter

I should sell the Outback. Unfortunately then I’ll need to come live with one of you.

pensfan83

stickguy said:

When I did the TLX the buyout on the web include tax (as if I was buying it) since it was a lease. You need to call and get the actual number for Carvana to pay them. I assume you have a lease? If you are financing no tax on the buyout.

Yep it's a lease. Followed instructions to another website and got a payoff that's good through 03/21, which is $36,979 and the Carvana quote is good through 03/19. So if I did do all of this right we'd walk away with about $1,100.

tifighter

We still need to have the blue/tan manual N52 club meeting sometime @28firefighter

Michaell

Having the title to both our cars makes all this talk tempting.

The MINI is at the dealer getting pretty much every fluid rotated, flushed, filled, whatever.

Pushing 48K after 7 years, so some maintenance was inevitable. Daughter's car, daughter's decision, daughter's paying for it.

stickguy

pensfan83 said:

stickguy said:

When I did the TLX the buyout on the web include tax (as if I was buying it) since it was a lease. You need to call and get the actual number for Carvana to pay them. I assume you have a lease? If you are financing no tax on the buyout.

Yep it's a lease. Followed instructions to another website and got a payoff that's good through 03/21, which is $36,979 and the Carvana quote is good through 03/19. So if I did do all of this right we'd walk away with about $1,100.

So the 36 was the dealer price? I don’t remember the exact details but I know what Carvana calculated didn’t match what I saw, so I called, and the AHFS rep explained the actual numbers, without tax.

breld

Carvana has 11 Supras listed right now with 5 of those pending sale. They range from $47k on up to $55k (for a Launch Edition, which is sort of silly that it would command that premium).

Paying me $49k doesn't make sense. I can only think it has become a quick-selling "hot" car on their site and they feel they can raise the prices and still move them.

pensfan83

stickguy said:

pensfan83 said:

stickguy said:

When I did the TLX the buyout on the web include tax (as if I was buying it) since it was a lease. You need to call and get the actual number for Carvana to pay them. I assume you have a lease? If you are financing no tax on the buyout.

Yep it's a lease. Followed instructions to another website and got a payoff that's good through 03/21, which is $36,979 and the Carvana quote is good through 03/19. So if I did do all of this right we'd walk away with about $1,100.

So the 36 was the dealer price? I don’t remember the exact details but I know what Carvana calculated didn’t match what I saw, so I called, and the AHFS rep explained the actual numbers, without tax.

$36,979 was the price I got by plugging in information on the weblink AFS gave me, $36,594 is what shows on my account on AFS. Tax in PA is collected monthly as a percent, 10% for me, of the payment whereas NJ collects tax at lease inception where it can be capped or paid in full I believe.

stickguy

It’s not the tax on the lease. If you ask them for a buyout (and what I got looking at my account on the website) for yourself, it is the total amount you have to pay them, including tax on the actual buyout amount.

breld

We've had this discussion before on whether you owe the sales tax on a leased car when trading it and I honestly can't remember the answer. I suspect it's somewhat situational.

If you're required to buy the car in order to sell it, then I imagine you have to pay the sales tax. But if a dealer is taking it in on trade, then they are simply paying the lease buyout without having to pay the sales tax, since they're a dealer.

I know I didn't pay the sales tax on the V90 we traded last year.

I think the one catch is whether you get to reduce the sales tax you pay if you're trading for another car, but come to think of it, we got full credit for that purpose last year too.

breld

pensfan83 said:

stickguy said:

When I did the TLX the buyout on the web include tax (as if I was buying it) since it was a lease. You need to call and get the actual number for Carvana to pay them. I assume you have a lease? If you are financing no tax on the buyout.

Yep it's a lease. Followed instructions to another website and got a payoff that's good through 03/21, which is $36,979 and the Carvana quote is good through 03/19. So if I did do all of this right we'd walk away with about $1,100.

So...what would you do to replace the RDX?

breld

I took the final step and scheduled pick up for next Thursday. The website confirms the amount I'll be paid - they even updated the loan amount appropriately for the payment I made yesterday.

pensfan83

breld said:

pensfan83 said:

stickguy said:

When I did the TLX the buyout on the web include tax (as if I was buying it) since it was a lease. You need to call and get the actual number for Carvana to pay them. I assume you have a lease? If you are financing no tax on the buyout.

Yep it's a lease. Followed instructions to another website and got a payoff that's good through 03/21, which is $36,979 and the Carvana quote is good through 03/19. So if I did do all of this right we'd walk away with about $1,100.

So...what would you do to replace the RDX?

Good question, we've been really happy with it so it wouldn't be cut loose from being dissatisfied. The truck goes back in August but it's likely to be replaced with another so no real urgency to do anything until the fall. An EV maybe? We were planning to give them more serious consideration when the Acura's lease is up anyway.

fintail

Nearest is in Sacramento.

I'd like to see one of these sites make an "offer" instantly, not thrilled with having my name and number ending up on a list etc. Makes me wonder if buying out this lease at the end might end up being a better deal than trying to find a similar used car, or buying something else.

tifighter said:

Do they have Carvana in Spokane? Still not in Seattle market...

tjc78

LH broker has a 43K S60 for 320 / 320 plus taxes ($346 if in NJ) if you have loyalty. Smoking deal

Could add MSDs to lower it even further.

bpc428

First time poster, but been reading this forum for a little while. Wanted to chime in with my own Carvana story.... When COVID first hit in March, my wife and I both went to WFH and only drove limited miles. I had a year remainining on a Mazda CX5 FWD (bought when living in the SF Bay Area) but since we weren't driving I decided to see if I could sell it and save money on the payments. Low and behold, Carvana offered me $4K above Carmax and anyone else to buy my Mazda. Between that money and the amount saved from not paying the lease for about 8 months, we saved a substantial amount which was then put into part of a down payment for a 2021 Hyundai Palisade AWD which better fits our needs (love the Palisade btw).

As for the question on taxes, I can only speak to Colorado but since Carvana is technically a dealership I was not responsible for sales tax. They worked with the Mazda leasing company (Chase) to determine the payout and handled everything. On the day of the sale, a Carvana employee showed up at my house (keys were left on the dash) took it for a 30 second test drive to the end of my street and back and promptly handed me a check. The whole process on the day of the sale took no more than 10 minutes. It was the easiest car selling/buying experience I've ever had. Given how much higher they were then anyone else I fully expected Carvana to come back and try to give me a check for less but I was pleasantly surprised.

explorerx4

When Vroom picked up my truck, it went to Manheim, PA, about 280 miles away.
That was on their dime, or at least didn't come directly out of my pocket.

breld

@bpc428 - welcome, and congrats on the Palisade. What a wonderful vehicle. My neighbor had one but it was totaled in an accident recently and he ended up replacing it with a new Santa Fe.

My experiences with Carvana have mostly been positive - their weak point seems to be with title and registration. I was very clear about transferring existing plates on both my purchases and they basically ignored that both times.

breld

At the dealership getting my X3 serviced. I was pleased that it was no problem to “refresh” the maintenance plan into my name, so this 20k service essentially cost me $100. It’ll be the last included maintenance since the car turns 3 years old next month, but obviously worth it just for this single service.

This is in the showroom...

[Deleted User]

The grill's growing on me, actually love the color. There's something to be said about driving a vehicle that doesn't match every other one on the road!

tjc78

Not my cup ‘o tea that M3. The grill, the color, the black wheels...

Having said that, I certainly wouldn’t mind some seat time in it.

oldfarmer50

breld said:

oldfarmer50 said:

Michaell said:

@oldfarmer50 - are you skipping over posts?

From @breld - Driving wise, it competes well with the Model 3, which is to say it was wonderful. Acceleration was quick - I think it splits the difference between a “regular” Model 3 and the Model 3 Performance.

I was asking about the model S which is the only one with which I have any seat time. I know nothing about the model 3.

Or are they the same thing?

I actually haven’t driven a Model S, so can’t make that comparison. But the Polestar 2 is somewhere in the 4’s for 0-60.

The immediacy and quick nature of the acceleration in these EVs is pretty crazy. Not saying it replaces the visceral response the driver gets from a V8 (like Q’s Camaro) or a nice inline 6 from BMW, but it’s thrilling in its own right.

When I drove the Tesla S it was thrilling at a whole new level so it would be nice if another EV was as impressive.

breld

The color is actually striking in person.

The grill is also a bit better in person and I’m sure it will start getting more normalized as you see more on the road (on these M’s and the 4-series).

Since Colorado requires a front plate, I’m curious as to how it looks with the license plate. Could be better actually.

au1994

The grill may grow on me. I’m slowly warming to the maw on the Toyota/Lexus line. On certain models and colors its not too bad.

stickguy

tjc78 said:

Not my cup ‘o tea that M3. The grill, the color, the black wheels...

Having said that, I certainly wouldn’t mind some seat time in it.

Can’t see the nose from the drivers seat.

stickguy

NJ treats leases differently on a trade in. You don’t get a sales tax credit on a traded in leased car, like you do if you own it (even if financed).

But Carvana like any other dealer, doesn’t pay sales tax when they buy from you so I didn’t have to pay tax like I would have if I bought my lease out.

oldfarmer50

au1994 said:

Hmmm...Carvana just gave me a quote on the X1 with ~$1200 in positive equity.

This is getting nuts, do these car sellers see some huge shortage of cars on the horizon and are stocking up before panic hits? Just how severe is the chip shortage on new car production?

oldfarmer50

stickguy said:

I have tons of positive equity. And if I sold the wife’s car she would kill me.

I have positive equity on all my vehicles since they are paid in full.

kyfdx

The grille is better on the M model.

I really like that color, but would never buy that.

ab348

au1994 said:

The grill may grow on me.

Like a fungus.

oldfarmer50

breld said:

At the dealership getting my X3 serviced. I was pleased that it was no problem to “refresh” the maintenance plan into my name, so this 20k service essentially cost me $100. It’ll be the last included maintenance since the car turns 3 years old next month, but obviously worth it just for this single service.

This is in the showroom...

That’s a striking color. You don’t often see that on a BMW.

au1994

Nobody has stated the obvious. @breld is at a dealership with (practically) $15k in his pocket. How is this going to end???

oldfarmer50

I caught the Carvana fever and asked for a buy bid on my 2015 Mustang.

$25,587.

explorerx4

@oldfarmer50,
Seems like a great number.
Try Vroom, too.
I have a feeling their offer will be lower.
They just went through a well published fiasco with TFL.