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

      @George-K

      Yeah, not for me.

      "You never know what worse luck your bad luck has saved you from."
      -Cormac McCarthy

      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 Online
              jon-nycJ Online
              jon-nyc
              wrote last edited by
              #10

              Whatcha getting?

              "You never know what worse luck your bad luck has saved you from."
              -Cormac McCarthy

              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 Online
                  jon-nycJ Online
                  jon-nyc
                  wrote last edited by
                  #12

                  Nice.

                  "You never know what worse luck your bad luck has saved you from."
                  -Cormac McCarthy

                  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 Online
                          89th8 Online
                          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 Online
                            Doctor PhibesD Online
                            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
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