Hi all!
Does anyone have experience selling a car to Carvana? I sent my info and they're offering $10,433 for my 2015 Kia Rio LX. It's my best offer. I know NOT to buy a car from them. Also I thought of buying from Shift (another mobile car buy/sell app). Thoughts? Because it's between selling and paying negative equity and take a loan for a Honda or Toyota or keeping my car that runs fine. I keep going back and forth because of anxiety.
Does anyone have experience selling a car to Carvana?
Don't sell to Carvana; there is so many horror stories both for buying from them and selling to them. If you want to sell like this use Carmax; much better than Carvana.
Also I thought of buying from Shift (another mobile car buy/sell app). Thoughts?
Again no don't do this. Buy it from somewhere you can physically inspect the car and have an independent mechanic check it for you. Also remember these used car lots in this market are a place people are dumping their problematic vehicles in many cases.
keeping my car that runs fine.
How much do you owe on the Kia? If it's running fine depending on the negative equity amount you might be better off keeping the Kia because rolling over that negative equity to the new car loan will just make the loan more expensive thus keeping you in a negative equity situation.
How much do you owe on the Kia? If it's running fine depending on the negative equity amount you might be better off keeping the Kia because rolling over that negative equity to the new car loan will just make the loan more expensive thus keeping you in a negative equity situation.
I owe 11750 but Carvana is offering 10433, which is why I'm so tempted. And maybe I won't buy from Shift, but I have had opportunities to test drive a car from Shift. I def have another post comparing Hondas and Toyotas at dealerships which I will refer to if I go through with selling the car.
My TPMS is on my Kia so I know that makes it lose value. I was kinda thinking getting rid of it because it's a Kia and because of TPMS, but maybe I need to hold onto it; I just hate how the value of it is decreasing significantly and it won't ever be as reliable as a Toyota/Honda but I'm stuck with a big loan.
Okay so the difference is like $1300 which isn't that big of a negative equity so if you can afford that much I would say yeah go ahead and get rid of your Kia. But don't sell to Carvana; see what Carmax offers you as they are the better ones when selling a car as far as paying you on time etc.
TMPS will go out on any car at some point and you can just cover the sensor and forget about it. So tpms alone isn't a reason for getting rid of a car, but yeah the car being a Kia is definitely a good reason for getting rid of it.
You have to see what makes sense for you financially; you don't want to end up with a very long term loan on a car and again negative equity because even Honda and Toyota after 5 plus years the value is going to decrease. If you can afford it realistically and plan on keeping the car for 10 or more years it might be worth considering a brand new base Corolla. One advice is get an idea of what your payments for a new Corolla would be like and try putting that money aside each month for a few months and see if you can do this or not and then decide.