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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Carvana

Carvana

Scheduled Pinned Locked Moved General Discussion
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  • jon-nycJ Offline
    jon-nycJ Offline
    jon-nyc
    wrote on last edited by
    #3

    Can anyone summarize what their model is?

    Thank you for your attention to this matter.

    George KG 1 Reply Last reply
    • MikM Away
      MikM Away
      Mik
      wrote on last edited by
      #4

      Hard to succeed with so much competition for product. I think they do fine in a normal used car market. But that is not what we have.

      "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

      1 Reply Last reply
      • jon-nycJ jon-nyc

        Can anyone summarize what their model is?

        George KG Offline
        George KG Offline
        George K
        wrote on last edited by George K
        #5

        @jon-nyc said in Carvana:

        Can anyone summarize what their model is?

        You buy a used car online, sight-unseen. They deliver it to your home.

        You can also sell your car to them.

        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

        jon-nycJ 1 Reply Last reply
        • George KG George K

          @jon-nyc said in Carvana:

          Can anyone summarize what their model is?

          You buy a used car online, sight-unseen. They deliver it to your home.

          You can also sell your car to them.

          jon-nycJ Offline
          jon-nycJ Offline
          jon-nyc
          wrote on last edited by
          #6

          @George-K

          Yeah, not for me.

          Thank you for your attention to this matter.

          George KG 1 Reply Last reply
          • jon-nycJ jon-nyc

            @George-K

            Yeah, not for me.

            George KG Offline
            George KG Offline
            George K
            wrote on last edited by
            #7

            @jon-nyc it's like CarMax, but you don't see the car until it's in your driveway.

            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

            1 Reply Last reply
            • George KG Offline
              George KG Offline
              George K
              wrote on last edited by
              #8

              Laying off 1500 (8%):

              https://www.thetruthaboutcars.com/cars/news-blog/carvana-takes-another-hit-44497639

              The cuts, along with the closing of some locations and the elimination of some work shifts, are all meant to save costs. A source told Bloomberg that it's because of the "challenging economic environment".
              The cuts will affect operations, technology, and corporate roles. Those who are let go will get separation/severance pay through at least the new year, plus three months of healthcare coverage and unvested equity awards via cash payments.
              Based in Tempe, Arizona, Carvana is struggling with a cratering stock price and cash outflow. That's because after seeing a surge of success in 2021 as the lack of new-car supply drove used-car prices up, the market has shifted. Used-car prices are falling while inflation is rising and that has negatively impacted consumer demand for pre-owned vehicles.
              As of Thursday, Carvana stock had plummeted 96 percent during the year. The stock is just under $7 as I type this.

              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

              1 Reply Last reply
              • markM Offline
                markM Offline
                mark
                wrote last edited by
                #9

                I'm about to pull the trigger on a car purchase from Carvana.

                Trading my car to them as part of the transaction too.

                1 Reply Last reply
                • jon-nycJ Offline
                  jon-nycJ Offline
                  jon-nyc
                  wrote last edited by
                  #10

                  Whatcha getting?

                  Thank you for your attention to this matter.

                  1 Reply Last reply
                  • markM Offline
                    markM Offline
                    mark
                    wrote last edited by mark
                    #11

                    C300Coupe.png

                    C300 Coupe. 2022 3,770 miles on odometer. Still under factory warranty.

                    Traded the Toyota Crown for it. Even up trade pretty much. Paid cash, and that is a first for me on a car of this caliber. Taking that $540 monthly I was paying on the Toyota and putting it into a Roth.

                    1 Reply Last reply
                    • jon-nycJ Offline
                      jon-nycJ Offline
                      jon-nyc
                      wrote last edited by
                      #12

                      Nice.

                      Thank you for your attention to this matter.

                      1 Reply Last reply
                      • markM Offline
                        markM Offline
                        mark
                        wrote last edited by
                        #13

                        It feels weird to do this but I am giving Carvana a chance to impress or disappoint.

                        Hopefully, I will be impressed.

                        1 Reply Last reply
                        • taiwan_girlT Offline
                          taiwan_girlT Offline
                          taiwan_girl
                          wrote last edited by
                          #14

                          If I may ask, what was the reason for the change? Wanted a smaller car?

                          1 Reply Last reply
                          • markM Offline
                            markM Offline
                            mark
                            wrote last edited by
                            #15

                            The Toyota Crown is very nice. For a Toyota. It misses the mark for me with too many bugs in the electronics and software. It's ride is compliant and smooth but a little too cushy and a little too loose feeling for my taste. It doesn't feel as confident in the handling department as I would prefer. It's increased height doesn't contribute to great handling characteristics. It doesn't "feel" like a Mercedes.

                            I gave it a try. It was a nice car but one that I knew I wasn't going to keep long-term. I lost a few dollars in depreciation but that is always the case when buying a new car.

                            I wanted to pay it off to stop the interest payout monthly, but I didn't want the car.

                            I just wanted to be back in a Benz. I have been driving them since I was 25 years old. I have had many models in various vintages. I just sold my 2005 S500 that served me well for 13+ years and 100k+ miles. We didn't need 3 cars. We still have a 2021 Subaru CrossTrek.

                            1 Reply Last reply
                            • 89th8 Offline
                              89th8 Offline
                              89th
                              wrote last edited by
                              #16

                              Can’t beat a Toyota in most cases.

                              IMG_4750.jpeg

                              taiwan_girlT 1 Reply Last reply
                              🤣
                              • Doctor PhibesD Offline
                                Doctor PhibesD Offline
                                Doctor Phibes
                                wrote last edited by
                                #17

                                Oh Lord won't you buy me a Mercedes Benz?

                                I was only joking

                                1 Reply Last reply
                                • 89th8 89th

                                  Can’t beat a Toyota in most cases.

                                  IMG_4750.jpeg

                                  taiwan_girlT Offline
                                  taiwan_girlT Offline
                                  taiwan_girl
                                  wrote last edited by
                                  #18

                                  @89th LOL

                                  1 Reply Last reply
                                  • markM Offline
                                    markM Offline
                                    mark
                                    wrote last edited by
                                    #19

                                    Took delivery and I have had it for a week now. I am very satisfied with my experience with Carvana. The car is about as close to new as you can get. I am going to have the paint hand detailed. Clay bar to remove the old wax, water spots and general dirt that are baked into the surface. Minor swirling, abd a few scratches buffed, etc. It looks new from a few feet away but up close inspection reveals that it needs this treatment.

                                    It will be a nice vehicle to drive to PA, Jon's party in NY, and Maine later this month.

                                    1000004881.jpg 1000004879.jpg 1000004880.jpg 1000004877.jpg

                                    1 Reply Last reply
                                    • jon-nycJ Offline
                                      jon-nycJ Offline
                                      jon-nyc
                                      wrote last edited by
                                      #20

                                      Nice.

                                      Thank you for your attention to this matter.

                                      1 Reply Last reply
                                      • Tom-KT Offline
                                        Tom-KT Offline
                                        Tom-K
                                        wrote last edited by
                                        #21

                                        Yup, very nice.

                                        Flushing the toilet is like practicing the piano; you just cannot go too long without doing it.--Axtremus

                                        1 Reply Last reply
                                        • 89th8 Offline
                                          89th8 Offline
                                          89th
                                          wrote last edited by
                                          #22

                                          Looks great!

                                          1 Reply Last reply
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