I just sent her a text to be sure. She said it was Vroom. I just assumed it was Carvana. They all seem the same to me. To be honest, I had told her to run away. That it just did not make any sense. She is 42 and doesn't always listen to me. So far the car runs great so I am not sure why they would do such a thing. She told me they were over paying like crazy for trade in cars at the time. I said, " Do you think?'. Hahaha Maybe things were so slow due to Covid, they were just trying to turn over inventory. We have done things like that in my business as well. Just trying to get cash flow going.surprise_i'm_armed wrote: ↑Mon Apr 10, 2023 4:34 pm 03: Which "them" was it? Carvana or Carmax?
The desirable business model in the stock market world, or in any other business, was "Buy low, sell high".
If some company's model is now "Buy high, sell low", I don't see profits for them in my crystal ball.
SIA
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Return to “Out Of State Vehicle Purchase”
- Mon Apr 10, 2023 4:54 pm
- Forum: Off-Topic
- Topic: Out Of State Vehicle Purchase
- Replies: 19
- Views: 5547
Re: Out Of State Vehicle Purchase
- Tue Apr 04, 2023 3:50 pm
- Forum: Off-Topic
- Topic: Out Of State Vehicle Purchase
- Replies: 19
- Views: 5547
Re: Out Of State Vehicle Purchase
My daughter bought a car through them, with a trade in. It was maybe 18 months ago. First, they gave her around 7 grand over the blue book on her used car. Then they sold her a newer car, Honda something, for 3 grand below blue book. It made absolutely no sense at all. So far the car runs great. Honda is known for getting very high milage before giving any trouble. The car she purchased came out of Houston and the whole deal was sight unseen, on both ends. I can't remember what her old car was but it might have been a Kia or something of that quality.surprise_i'm_armed wrote: ↑Tue Apr 04, 2023 2:00 pm Word to the wise: if you find your desired truck at Carvana, DON'T DO IT. Carvana is a messed up place to buy a vehicle.
They have had their dealer licenses taken away by the states of Illinois and Michigan, maybe more states.
They have sold stolen vehicles.
The buying process seems easy, then they can't get you the title.
The Illinois Carvana stores would sell a car to an Illinois buyer, could not get the title, and gave the buyers ARIZONA paper tags. What a headache.
It's a heck of a way to run an airline. (old saying)
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Carmax has plenty of vehicles on their lots, if Denton Carmax is a representative store.
But they have made a corporate decision to keep their prices higher than perhaps the current market reflects.
It seems like they overpaid for inventory and now THEY may be upside down on their vehicles.
SIA
- Sun Apr 02, 2023 1:39 pm
- Forum: Off-Topic
- Topic: Out Of State Vehicle Purchase
- Replies: 19
- Views: 5547
Re: Out Of State Vehicle Purchase
The big issue for me is not knowing how trustworthy the mechanic in another state might be. Unless you know someone already, it would be a crap shoot.