Carvana offer $3K more then I paid

[z0lt3c]

The current Carvana cash offer on my 2020 Gladiator Sport is $35,328 and I paid $32,500 for it in March.

Not that I would encourage anyone to get rid of their Gladiator, but you can always order another one!

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[z0lt3c]

This is getting absurd...

 

[RedTRex]

That's crazy

 

[DocMike]

Perhaps you should sell several until you get yours paid for in profits.

 

[saintpauljeff]

I’d make them pay me in stacks of hundreds, keep amping up the absurdity

 

[Dewyaw]

This is getting absurd...

Do it!! lol

 

[z0lt3c]

I had my mechanic price out transferring all my modifications to a new Gladiator and he quoted me between $850 and $1000 to move everything over. The bigger problem is I can't find another base Sport in Gobi at $39K MSRP. I would probably need to go with a Sport S closer to $44K MSRP. The next problem is the lease program sucks right now, it would be like $150/mo more then I am paying on the current Gladiator. OTOH I can get into a loaded Silverado RST with GM supplier pricing and a $5000 customer cash incentive.....

 

[jebiruph]

This is getting absurd...

That would sure be tempting, especially if you were rethinking the options on your original purchase. I wonder how long until the prices get back to normal.

 

[z0lt3c]

I guess this justifies the Carvana price, here the wholesale MMR

 

[ExitLeft]

Wow! $6,500 in under 6 months? I'd seriously consider doing this. Although, you wouldn't be able to roll the sales tax over if you sold to Carvana and ordered a new one so you'd take about a $2,500 hit there give or take. So now you're looking at $4k....so is it worth it then? maybe!! $4k ain't chump change

On a side note: my father just sold his 2018 F150 Super Cab 2WD to Carvana for over $31k. He only paid just over $32k for it in 2018. He was buying a RAV4 Hybrid and went to three different Toyota dealerships. None of them would come up above $22k for the trade on the F150 so he sold to Carvana. Simple and painless transaction.

 

[z0lt3c]

It just keeps going up. Another $500 increase from Carvana:

FCA recognizes Carvana as a licensed dealer and will permit them to purchase the vehicle using a dealer buyout which excludes the $2300 in sales tax I would have to pay if I bought it myself.

 

[j.o.y.ride]

How much tax do you need to pay when you buy?

 

[ExitLeft]

It just keeps going up. Another $500 increase from Carvana:

FCA recognizes Carvana as a licensed dealer and will permit them to purchase the vehicle using a dealer buyout which excludes the $2300 in sales tax I would have to pay if I bought it myself.

How does that work? I've never sold to one dealer and bought from another while saving the sales tax. This is good info to have. Thanks.

I've seen a few Gladiators on Carvana where they are asking over MSRP even with 8,000 miles or so. I'd have a hard time making that purchase knowing I could buy a new one under invoice.

 

[ExitLeft]

How much tax do you need to pay when you buy?

It varies by state and/or city. Depends on your local sales tax. I'm in PA and it's 6% sales tax. However, the City of Philadelphia is 7%

 

[z0lt3c]

How does that work? I've never sold to one dealer and bought from another while saving the sales tax.

You need to get Carvana to call FCA and request a dealer pay-off quote. Sometimes this will require a 3 way call between yourself and the other two parties. When dealerships buys out a lease, at least in NJ, they are sales tax exempt. However, in this lease buyout scenario, you do not get a tax credit on any subsequent purchase, like you would if it was traditionally financed where you paid the sales tax upfront. So it's unique to lease buyouts.

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