BMW M5 Forum

Post Reply
 
Thread Tools Search this Thread
      07-14-2022, 02:41 PM   #23
br2wdc
Lieutenant
343
Rep
437
Posts

Drives: 2018 BMW M550i xDrive
Join Date: Mar 2020
Location: Northern VA/Washington DC

iTrader: (0)

When getting quotes for our Ford Escape Hybrid, I noticed Carmax has really changed their pricing model and has raised their offers in attempt to complete harder against the Carvana's of the world.

Now this was 4+ months ago and the world has changed again with rising interest rates and the Carvana's of the world getting hit hard, but I'd certainly get a quote from both Carvana and Carmax if selling my car now.

Another possible place is givemethevin.com ... they actually provided the largest offer for my Escape Hybrid. They are a smaller outfit and I had to search a bit to find my contact on the day of the sale, but had a clean sale with no additional issues.


Quote:
Originally Posted by BMW F22 View Post
What about Shift for selling cars? Or is Carmaxd dealer the best places?
__________________

2018 BMW M550i xDrive Mediterranean Blue

Previous: 2011 E90 M3 | LMB | DCT -- 2006 E90 330i | 6MT -- 2001 E39 540i | 6MT -- 1997 E36 M3 | Techno Violet | 5MT
Appreciate 1
BMW F223659.00
      07-14-2022, 02:49 PM   #24
CarsAndGuitars
Lieutenant
2087
Rep
544
Posts

Drives: 2022 M240i
Join Date: Mar 2022
Location: South FL

iTrader: (0)

Quote:
Originally Posted by CarsAndGuitars View Post
With my M240 on order, I've been getting quotes rom all the online players and Carvana is consistently making the highest offers. My fear is selling the car to them, and them shuttering their doors before they pay off my loan balance. With this in the back of my head I will probably be dealing with CarMax or the dealership, whoever comes out on top.
UPDATE:

Interestingly, my most recent Carvana quote tanked $3K over 2 weeks, while WeBuyAnyCar came up ~$1500 and is now competing with CarMax. Seems with the business Carvana is apparently losing, WBAC may be helping to keep competition against CarMax.
__________________
2022 BMW M240i Portimao
Gone: 2020 Genesis G70 3.3T | 2018 Audi A5 SportBack | 2015 Challenger Scat Pack | 2011 Mustang V6 | numerous others..
Appreciate 0
      07-14-2022, 02:52 PM   #25
Froz3n_M
Lieutenant
Froz3n_M's Avatar
United_States
400
Rep
502
Posts

Drives: 2022 M3 Comp xDrive
Join Date: Sep 2021
Location: South, FL

iTrader: (0)

Thankfully I didn't sell my vehicle to Carvana prior to purchasing the G80. I did although use the Carvana price to help the dealer trade in being offered. I got 1k under what Carvana was offering, but I did get $1750 more than Carmax quoted. It was a win/win in my book.
Appreciate 0
      07-15-2022, 06:57 PM   #26
Kolyan2k
Major General
968
Rep
5,555
Posts

Drives: 2006 S2000
Join Date: Apr 2010
Location: Boston

iTrader: (1)

I don't know how they get away not giving titles for cars. I used to work at dealership and customers called cops if there was no title on time
Appreciate 0
      07-15-2022, 07:01 PM   #27
dreamingat30fps
Colonel
United_States
5967
Rep
2,025
Posts

Drives: Miata, Cayenne, Model 3, F350
Join Date: Jan 2010
Location: South Florida & NC

iTrader: (1)

Mid 2020 I bought my first Model 3 from them and sold them my C7 corvette at the same time. Apart from some hiccup with delivery being delayed because the truck broke down or something I didn't really have any issues. In fact I thought to myself this is the shit and all car buying SHOULD be like this.

I have not dealt with them since and while I've sold a couple of cars to Vroom (who seem shadier than Carvana to me) I found that Carvanas offers have not been that great as of late. Vroom always beats them and last car Carmax actually beat both of them.
Appreciate 0
      07-19-2022, 03:59 PM   #28
UncleWede
Long Time Admirer, First Time Owner
UncleWede's Avatar
United_States
18454
Rep
9,428
Posts

Drives: G01 X3 M40i Dark Graphite
Join Date: Jun 2005
Location: Oxnard, CA

iTrader: (0)

CarMax hasn't been too bad so far, trying to sell the X3 since it has a payment, but the Highlander I inherited doesn't. I got a quote last month. Took that to the dealer and they offered 4K less. Just happened to stop into ta little Indy down the block, and they offered me +500 if I showed them the CarMax offer.
BMWFA had an issue with electronic payments, and I went on vacation, so just went back to CarMax yesterday. They gave me the same offer. Went in to complete the deal, with my pay-off quote in hand, and they sent me to get a DEALER pay-off quote. I can't tell the difference without both in my hands, but BMWFA said there are no taxes

Wife didn't want to deal, for 500, with the Indy because we had previous issue years ago with her sister's trade-in that never got paid until after the DA was involved. That was at a dealer, why is CarMax going to be any different? At this point, it's down to "yes, dear" I just want the X3 gone.
__________________
I have romped on her and I giggled like a drunk infant the entire time. - Sedan_Clan
Appreciate 0
      07-21-2022, 01:03 PM   #29
UncleWede
Long Time Admirer, First Time Owner
UncleWede's Avatar
United_States
18454
Rep
9,428
Posts

Drives: G01 X3 M40i Dark Graphite
Join Date: Jun 2005
Location: Oxnard, CA

iTrader: (0)

Well, I walked into CM with the dealer payoff quote. About 45 minutes later they had me sign about 4 lines, then handed me an equity check for 2500, and I went outside for my ride home.

They did add 5 days @ 3.50 to the 7/29 valid date on the dealer payoff. I certainly hope it doesn't take THAT long to get a check to BMWFA. With that in mind, I hope to get a second residual check in a few weeks.
__________________
I have romped on her and I giggled like a drunk infant the entire time. - Sedan_Clan
Appreciate 0
      07-21-2022, 01:24 PM   #30
Maestro
Major
1060
Rep
1,268
Posts

Drives: 2007 335i Sedan, 2021 X3
Join Date: Nov 2006
Location: Philadelphia

iTrader: (0)

Folks there seem to be a different between buying from and sell to these companies. I sound like people sell to them it appears to go well other than who offers the better price and I think that depend on if they have customer already lined up to buy your car.

The point I was highlighting was buying from a company like Carvana, that is where most of the issue show up and Illinois just band Carvana from selling in Illinois for the second time this year. They will not be allowed to start selling again until they resolve all the title issue they have with people in Illinois who bought cars from them.

Last edited by Maestro; 07-21-2022 at 03:56 PM..
Appreciate 0
      07-21-2022, 01:25 PM   #31
vreihen16
Recovering Perfectionist
vreihen16's Avatar
20861
Rep
1,013
Posts

Drives: BMW-less :(
Join Date: Jun 2019
Location: Orange County, NY

iTrader: (0)

Garage List
Carvana is in the news for once again losing their dealership license in the state of Illinois.....
__________________
Currently BMW-less.
Appreciate 0
      07-21-2022, 02:21 PM   #32
Captain Blood
Banned
United_States
13878
Rep
14,519
Posts

Drives: Audi S3....don't judge me
Join Date: May 2017
Location: Alph Ceti VI

iTrader: (0)

Garage List
2016 Audi S3  [9.50]
2012 135  [6.83]
Quote:
Originally Posted by OkieSnuffBox View Post
Regardless of everything else, why would you buy from Carvana to begin with?

Their stuff is so incredibly overpriced. It's essentially a national chain of "buy here, pay here."
I tried to buy a car from them, found a beautiful M240 with everything I was looking for, including some incredible custom black wheels. But every time I tried to bid on the car, it told me I was too late and had to wait till the person who previously bid on it either made the purchase or moved on. Did that six or seven times. Finally gave up. I will say the car was white, and what with the heat wave going on right now, I do regret having a black car.
Appreciate 0
      07-21-2022, 04:09 PM   #33
Tyga11
Lieutenant Colonel
3523
Rep
1,754
Posts

Drives: M3 Comp
Join Date: Jul 2019
Location: Arizona

iTrader: (0)

For most people, a car purchase is the second biggest purchase of their life after their house. It's shocking that so many people are willing to buy a car unseen.
Appreciate 2
vreihen1620860.50
      07-21-2022, 04:13 PM   #34
freakystyly
Colonel
3626
Rep
2,019
Posts

Drives: F22 B58 6MT
Join Date: May 2016
Location: Ontario

iTrader: (0)

You don't want to know how many people buy their houses sight unseen then.
Appreciate 1
vreihen1620860.50
      07-21-2022, 04:28 PM   #35
ezaircon4jc
Major General
ezaircon4jc's Avatar
United_States
5430
Rep
5,715
Posts

Drives: 2019 540i M Sport
Join Date: Jan 2015
Location: San Diego

iTrader: (0)

Quote:
Originally Posted by Tyga11 View Post
For most people, a car purchase is the second biggest purchase of their life after their house. It's shocking that so many people are willing to buy a car unseen.
As long as one can refuse delivery and there is a good warranty, why not? It's not like the old days where a test drive was pretty much necessary to make sure the car didn't smoke or the suspension was shot. Warranties are much longer now. They aren't the 12mo/12K warranties of yesteryear.
Appreciate 0
      07-21-2022, 05:04 PM   #36
Z K
Major General
Z K's Avatar
1913
Rep
5,524
Posts

Drives: G20 M340i, S15 Silvia Spec R
Join Date: Jul 2011
Location: San Francisco

iTrader: (3)

Quote:
Originally Posted by ezaircon4jc View Post
As long as one can refuse delivery and there is a good warranty, why not? It's not like the old days where a test drive was pretty much necessary to make sure the car didn't smoke or the suspension was shot. Warranties are much longer now. They aren't the 12mo/12K warranties of yesteryear.
It's a pain to go through financing and get a loan for a car and then total disappointment when the car arrives.

If you truly don't care, then it is ok. But I want to see the car - every chip, nick and scratch on it before I consider purchasing a car. There's only so much you can tell from some pictures.

New cars bought sight unseen is ok... but no two used cars are the same. You can't judge condition based on mileage and price.
__________________
Auto Detailing Enthusiast!
Appreciate 0
      07-21-2022, 05:22 PM   #37
Maestro
Major
1060
Rep
1,268
Posts

Drives: 2007 335i Sedan, 2021 X3
Join Date: Nov 2006
Location: Philadelphia

iTrader: (0)

Quote:
Originally Posted by freakystyly View Post
You don't want to know how many people buy their houses sight unseen then.
there are suckers born every day and I have bridge to sell them when they are ready.
Appreciate 0
      07-21-2022, 05:29 PM   #38
Alfisti
Brigadier General
6961
Rep
3,285
Posts

Drives: 2008 Saab 9-3 Combi
Join Date: Nov 2014
Location: Toronto, Canada

iTrader: (0)

What bridge and where exactly?
Appreciate 1
vreihen1620860.50
      07-21-2022, 06:27 PM   #39
UncleWede
Long Time Admirer, First Time Owner
UncleWede's Avatar
United_States
18454
Rep
9,428
Posts

Drives: G01 X3 M40i Dark Graphite
Join Date: Jun 2005
Location: Oxnard, CA

iTrader: (0)

Quote:
Originally Posted by Alfisti View Post
What bridge and where exactly?
My current inventory includes one near some year-round warm weather south of you. Shall I put your name on it? A simple $1000 (US) deposit will hold it until you can see it in person.
__________________
I have romped on her and I giggled like a drunk infant the entire time. - Sedan_Clan
Appreciate 1
vreihen1620860.50
      07-21-2022, 06:33 PM   #40
Alfisti
Brigadier General
6961
Rep
3,285
Posts

Drives: 2008 Saab 9-3 Combi
Join Date: Nov 2014
Location: Toronto, Canada

iTrader: (0)

SOLD!
Appreciate 0
      07-21-2022, 06:48 PM   #41
UncleWede
Long Time Admirer, First Time Owner
UncleWede's Avatar
United_States
18454
Rep
9,428
Posts

Drives: G01 X3 M40i Dark Graphite
Join Date: Jun 2005
Location: Oxnard, CA

iTrader: (0)

That's not how this works.

First, you send me a deposit


THEN, and only then, do I tell you where it's at

Next you send me a down payment, just to show you can make the monthly payments

Once we establish that over a couple of month, then I send you sat images that may or may not include YOUR actual bridge
__________________
I have romped on her and I giggled like a drunk infant the entire time. - Sedan_Clan
Appreciate 0
      07-21-2022, 06:55 PM   #42
Tyga11
Lieutenant Colonel
3523
Rep
1,754
Posts

Drives: M3 Comp
Join Date: Jul 2019
Location: Arizona

iTrader: (0)

Quote:
Originally Posted by ezaircon4jc View Post
As long as one can refuse delivery and there is a good warranty, why not? It's not like the old days where a test drive was pretty much necessary to make sure the car didn't smoke or the suspension was shot. Warranties are much longer now. They aren't the 12mo/12K warranties of yesteryear.
I wouldn't feel comfortable agreeing to a car being delivered to my house, sit unseen for a variety of reasons. If you are so lazy you can't go and look at a car, that's a serious problem (not you, in general)

If the car is out of state, I would fly out of state to inspect the vehicle. Maybe I'm old school
Appreciate 0
      07-21-2022, 08:32 PM   #43
ezaircon4jc
Major General
ezaircon4jc's Avatar
United_States
5430
Rep
5,715
Posts

Drives: 2019 540i M Sport
Join Date: Jan 2015
Location: San Diego

iTrader: (0)

Quote:
Originally Posted by Z K View Post
It's a pain to go through financing and get a loan for a car and then total disappointment when the car arrives.

If you truly don't care, then it is ok. But I want to see the car - every chip, nick and scratch on it before I consider purchasing a car. There's only so much you can tell from some pictures.

New cars bought sight unseen is ok... but no two used cars are the same. You can't judge condition based on mileage and price.
Quote:
Originally Posted by Tyga11 View Post
I wouldn't feel comfortable agreeing to a car being delivered to my house, sit unseen for a variety of reasons. If you are so lazy you can't go and look at a car, that's a serious problem (not you, in general)

If the car is out of state, I would fly out of state to inspect the vehicle. Maybe I'm old school
Yeah... I'm not saying I would do it. That's why I only search within a 100 mile radius.
Appreciate 0
      07-22-2022, 08:30 AM   #44
OkieSnuffBox
Major
1805
Rep
1,011
Posts

Drives: '13 135i
Join Date: Jan 2018
Location: OKC, OK

iTrader: (0)

Quote:
Originally Posted by Tyga11 View Post
For most people, a car purchase is the second biggest purchase of their life after their house. It's shocking that so many people are willing to buy a car unseen.
I've only done that twice, and both were E30s. The first one we had a clause in the contract that if it wasn't as presented when it arrived, he would pay for shipping back to Florida.

The 2nd time, a friend who owns a BMW shop up in New Jersey went and picked up the car for me and did some work on it before I flew out to drive it home. Which if you guys ever need great service for anything GutenParts, Levent is a mensch.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 04:09 PM.




m5:
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST