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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

    @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.

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        • 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

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          • 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.

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            • 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

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              • 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 Online
                  taiwan_girlT Online
                  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 Online
                          taiwan_girlT Online
                          taiwan_girl
                          wrote last edited by
                          #18

                          @89th LOL

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