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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Carvana

Carvana

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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.

        1 Reply Last reply
        • jon-nycJ Online
          jon-nycJ Online
          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 Online
              jon-nycJ Online
              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 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
                          • 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 Online
                              jon-nycJ Online
                              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
                                  • LuFins DadL Offline
                                    LuFins DadL Offline
                                    LuFins Dad
                                    wrote last edited by
                                    #23
                                    This post is deleted!
                                    1 Reply Last reply
                                    • LuFins DadL Offline
                                      LuFins DadL Offline
                                      LuFins Dad
                                      wrote last edited by
                                      #24

                                      This is making me a little frustrated. The attempt at fixing my GMC has failed, and we are at an impasse in buying a new car or investing yet more to try and fix the issue.

                                      At the heart of the impasse? Next aJune, Karla’s Pilot is paid off and then I was supposed to get my mid-life crisis car. I’m thinking I will have to find a decent but older used car that will retain a fair amount of trade value next year... But that’s going to take more time to find…

                                      1 Reply Last reply
                                      • MikM Away
                                        MikM Away
                                        Mik
                                        wrote last edited by Mik
                                        #25

                                        250K miles? It's new car time.

                                        We decided for our daughter to keep the Terrain for a while longer, with the caveat that if she drives anywhere significantly across the desert from Vegas she rents a newer vehicle. We instead used the money to pay off some of her student debt.

                                        Her career has been somewhat of a roller coaster. She got written up by her petulant CEO in April for an issue that was really due to his conflicting instructions. After that another PM quit, then the HR guy of two months quit without notice. No one can find the reprimand letter in her file.

                                        She then inherited a very large cruise ship project and led the FAT (facility acceptance testing) with all the cruise line bigwigs and aced it. I think it's the first time the CEO got to actually see her in action. Now she's the golden girl and just got a multimillion-dollar project with a major venue in NYC. And a very significant raise. Things are looking good.

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

                                        89th8 AxtremusA 2 Replies Last reply
                                        👍
                                        • MikM Mik

                                          250K miles? It's new car time.

                                          We decided for our daughter to keep the Terrain for a while longer, with the caveat that if she drives anywhere significantly across the desert from Vegas she rents a newer vehicle. We instead used the money to pay off some of her student debt.

                                          Her career has been somewhat of a roller coaster. She got written up by her petulant CEO in April for an issue that was really due to his conflicting instructions. After that another PM quit, then the HR guy of two months quit without notice. No one can find the reprimand letter in her file.

                                          She then inherited a very large cruise ship project and led the FAT (facility acceptance testing) with all the cruise line bigwigs and aced it. I think it's the first time the CEO got to actually see her in action. Now she's the golden girl and just got a multimillion-dollar project with a major venue in NYC. And a very significant raise. Things are looking good.

                                          89th8 Offline
                                          89th8 Offline
                                          89th
                                          wrote last edited by
                                          #26

                                          @Mik said in Carvana:

                                          She then inherited a very large cruise ship

                                          Nice!

                                          1 Reply Last reply
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