Quote:
Originally Posted by Iron Lung Jimmy
If Carvana's margins are outrageous and nobody deals with them they will either lower their margins or go out of business.
Apparently what they are doing is working for them so far.
The problem here - if you want to call it a problem - is that you, by your own admission were never going to sell them your car. You, for whatever reason, just wanted to see what they would give you for it. And when they came in with a low number you were personally insulted.
And I get that.
But to Carvana your car is nothing special... just a vehicle they can make money on. As much money as possible. That's what they do. If someone doesn't like it they can move on. Don't take it personally.
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I never said that I was offended. I can see how it comes across as that, but my point was that they are outrageous in their model and the margins they are making are genius in a business sense. People are becoming dumber, lazier, or both if they are willing to let their cars go for that much of a loss for not selling them themself or even going to a traditional dealership.
My intent with posting was to let people know that if they’re thinking of selling their car with them that their margins are ridiculous and that you are leaving substantial amounts of money on the table by using Carvana. IMO, it is far worth selling a car on your own first to gain a few thousand dollars (if selling a 5th gen Camaro) or at minimum multi hundred dollars if selling something else on your own or going with a traditional dealer trade in. My dad’s car example was for a traditional trade in example, but it is similar for any scenario.
Do not mistake me as being anti-capitalism or having my feelings hurt that I got a low offer on my car. Bravo for someone for coming up with this business model and making it work. I am just astounded that people leave 45%+ of their car’s value on the table simply because they want to have an “easy transaction”. That to me just doesn’t make any sense. Hopefully as Camaro family this could help someone out to avoid a costly mistake.