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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Carvana

Carvana

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  • JollyJ Offline
    JollyJ Offline
    Jolly
    wrote on last edited by
    #2

    Didn't like their business model from the get-go.

    “Cry havoc and let slip the DOGE of war!”

    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

    1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by
      #3

      Can anyone summarize what their model is?

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

      George KG 1 Reply Last reply
      • MikM Offline
        MikM Offline
        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.

        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

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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 Offline
                                89th8 Offline
                                89th
                                wrote last edited by
                                #16

                                Can’t beat a Toyota in most cases.

                                IMG_4750.jpeg

                                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

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