Carvana offered me 35600 for a truck I paid 31500 for 2 months ago

If you are really thinking about it you need to figure your current position, which of course would not include operating costs for fuel, oil, etc at this point.

But interest paid is real money. So you're not going to net $4100 profit. Something less.

Not bad if you need to get out of the truck and into an econo box while they are depressed price. When fuel rises back double + the market demand for the average user will flip. Econo boxes will be the rage, soccer dads will be ditching their Home Depot trucks.

 

I would do it if I was you. Plenty of time to buy another tacoma. the 4th gen won't be out until 2025

 

I know Tacoma's have a good reputation. If CARVAN is paying that much for a used Tacoma. What is difficult for me to understand is why someone would pay what CARVAN must be asking for a Tacoma. Might as well buy a new one for a few bucks more. There is no way I would pay those prices for a 3Gen Tacoma.

 

02 TACO $4750 Cheap's Chevrolet 714 W Water St, Flemingsburg, KY

 

Ever carvana has stated these used car prices are unsustainable... even if this environment continues...

With the S*t about to hit the fan in the Economy as payouts and furloughs run out... (solely my worthless prediction) then sanity (follwed by miserly habits) will return...

There are heavy transaction costs in trading cars... you'll be ahead but not by a fortune... (Better is you have a few months to wait after selling...

 

This ^^

Is it worth a few thousand to go back to car shopping? What if you have a plan in your head about what truck you want and then you can't find anything in the price range?

Id keep the truck you have. If its going up in value on its own for some magical reason why unload it now?

The carvana offer sounds gimmicky, like there's always going to be some catch or fine print or something

 

The double cab long bed has a really long wheel base for a 4x4 vehicle that is to be used in offroad situations.. It also just looks really long and needs a decent lift to look proportionate to its length .Ideally I would have purchased an access cab... Although if my 2015 access cab 4x4 had a v6 I would have kept it..
Apparently I lost 3.5k on my trade in (2015 i4 access cab 4x4) as well as carvana is offering over 20k for that truck (just found an old registration and put in the numbers) and I traded it in for 16500

Oh well...
My guess is the value will remain high for another year at least.. I barely drive this truck as it is.
Anyone know how much of a markup there is after you build a truck at toyota.com and they have a dealer give you a quote? I would asssume none since they already in a delivery fee... but I know thats probably wishful thinking.

 

Maybe Im missing something, but I don't see where their market is. The headline on todays buisness secton states "Dealers say sales are down 50% for the quarter". We have forty millon Americans on unemployment and the economy is running on fumes.

 

Maybe their market is the portion of that 40 million unemployed that were making 24k or less a year that are now on unemployment making 52k a year. At least thats a good theory. The small dealership where I bought my 2018 had sold 70 cars that month.. and they were completely swamped when I was there.. it was very odd...Seems counter intuitive to me.. but so does printing out 3 trillion dollars when the country is already 26 trillion in debt with plans of printing another 2-3 trillion on deck. Go figure..Maybe the rise in vehicle value is simply a reflection of the dollar losing its value lol.

Yes we're f*cked.

 

Well, there is a sucker born every minute; so they say:

https://denver.craigslist.org/ctd/d/englewood-2020-toyota-tacoma-sr5-double/7176177099.html



“Long bed”

 

loooooool

OR a stoner born every second? LOL and everything is very expensive there in Colorado... More so than california even.

 

I have a rule of thumb that any car I own is always for sale for the right price. That Carvana offer is the right price.

 

Trouble is that a first gen Tacoma will have 600000 miles on it...

 

Something doesn't sound right at all. You can buy that same truck brand new for $35k. If they are offering that to you, there is either some fine print you haven't read or they made a serious pricing error in that offer. Considering they are in business to make money, I would doubt that they erred in your favor. Put it this way, if they gave your $35K, they would have to sell it for at least $38k to make any kind of profit. MMR at the auction for a truck like that is around $27k which sounds right for what you paid 2 months ago.

 

Do you work for carvana to get people to sell the truck to them .. there was another post on here about carvana ??

 

This might come off ruder than I mean it to be so please don't take it that way haha, but have you shopped around recently? There's no inventory right now, Tundras and tacomas sold before they hit the lot and dealers aren't going below msrp. Luckily for me we have a 2nd car and WFH, so Ill be getting a check for 4k on my sr5. I was going to upgrade to a TRDOR in 5-6 months anyway but I have the ability to wait for the 2021s to start rolling in next month.

also Carvanas pricing on tundras and tacomas is insane, hopefully no one on this site is paying for those and can wait for inventory to come back up.

 

Yeah, as was hinted at before, I'd look at what they mean. New car sales? Sales for the area? Etc. Many have had record sales in my area despite the shutdowns. Most used car dealerships are begging for trades because their lots are running very thin. My fiance got an offer for her 2019 4Runner because of the same thing (which she smartly opted not to take). Luckily I got in before this started booming, otherwise idk what I would have paid for my truck or what truck I'd actually have either.

 

Haa, my skin is thick! I guess it might be a regional thing, but while inventory is slim, it doesn't mean the business is completely insane. My local dealer has a 20 TRD Off Road 4wd on the lot right now that they offered to me for $36k. MSRP is $38K. I know there are some dealers that are taking advantage of the supply and trying to sell on addendum, but those places usually cater to the not so great credit crowd. This dealer has 13 trucks that sound similar to the OPs and all are under $35K new - https://www.koonstoyotatysonscorner...make=Toyota&model=Tacoma&packages=SR5 Package.

I just don't see the math working for Carvana. They can pay whatever they want for a car and ask more than it costs new, but there are some checks and balances that keep that from working and that is financing. No bank is going to finance $38K on a two year old truck that you can buy new for $35k. I guess it is possible that they have start up money that they are subsidizing their price to build the brand, but paying over retail just seems crazy.

If I were the OP and the Carvana deal was legit, I would jump on it then turn around and turn that 2 year old SR5 into a brand new TRD Off Road. He will probably get better financing on the new one as well.

 

Seems like you really need to be leasing your vehicles if you only keep them for a few years. You'd be turning in your 2018 for a 2021 pretty soon which I'm sure you'd be stoked on.