BGOL ...i have a Carmax question

slam

aka * My Name Is Not $lam *
Super Moderator
My mom`s lease is running out soon i`m thinking about buying the car and reselling it

cuz it`s in really good condition n has only 2k miles on it ...

she`s old n never really drove it but from home n to church n we got it like in the middle of the pandemic

so the 1st year she never drove it ...it`s in immaculate condition ...

anyway is carmax the only site out there that buys cars ...

i`m not looking to sell it privately i just want a no haggle quick sale ...

KBB says its worth 22k-24k ....i only have 13k left on it when her lease is up s it could b a quick flip ...

it`s a 2020 Honda civic LX 4dr sedan ....

any help will b appreciated i know somebody on here knows something or is in that field ....

what would u do ..? just turn it in or buy it n resell it ...?


:cheers:



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They are very close to bankruptcy, and have been known to sell stolen cars, and sell cars without titles.
Remember this one. Selling a 2017 Maserati as a 2021 model



NC man buys $68K Maserati car from Carvana for wife's birthday, then learns it's a stolen car​


MOORE COUNTY, N.C. -- An Army veteran in North Carolina purchased a car for more than $68,000 only to learn months later, he was sold a stolen car. And that's just the beginning of the drama surrounding the car.

This was a big purchase for Jason Scott. He bought a Maserati for more than $68,000 from Carvana in November as a birthday gift for his wife.

"It was exciting for it to be coming down the hill, waiting for it outside, everything was fine," Scott said.

Everything was fine until Scott went to get the car serviced at the Maserati dealership in February.

"That's when they found out that the vehicle was stolen," Scott added.


On the paperwork from Carvana when Scott purchased it, it says the car is a 2021 model, but during service, the technician notes state that it was discovered the parts of the car did not match the year of the VIN. After further investigation, it was discovered the car is not a 2021 model, but instead a 2017 Maserati.


"When they check the VIN number on the chassis, that's when they saw that it was a stolen vehicle. VIN on the car on the window and the car door was different," Scott said.

Police were called and Scott said he was questioned. After he showed proof he bought the Maserati from Carvana, he was free to go but since the car is a stolen vehicle, police impounded it.

Scott promptly called Carvana.


"She said, 'Well, we can't trade the vehicle back in until you bring the vehicle back.' I said, 'I can't bring the vehicle back.' I said, 'The police have the vehicle,'" Scott said he told the company.

He said he provided the police report to Carvana to show he couldn't return the car. He also wanted his down payment, plus the two car payments returned.

"They wasn't responding back to anything at all," Scott said.

Carvana initially told ABC11 Troubleshooter Diane Wilson that due to pending litigation, they can't comment, but has since released a statement saying:

"When Carvana acquired this vehicle, someone had taken sophisticated criminal steps to steal and alter the vehicle and we're taking all the necessary steps to make it right for our customer in this rare instance."



Scott does have an attorney who sent Carvana a letter with his demands, which were $1 million in compensation for losses, both financially and reputationally, and a public apology. Carvana did send a letter in response to Scott's attorney, which said in part that Carvana denied any prior knowledge that the vehicle was stolen when they purchased it, and apologized for his experience. The letter states a customer advocate with Carvana told Scott they would refund the money he had already applied to the purchase or he could swap into another vehicle of his choice and also offered him $1,000 as a gesture of goodwill.

Besides wanting all of his money back, Scott is seeking $1 million in compensation for what he's been through and said he wants Carvana to take steps to prevent this from happening to anyone else.

"I know they say they have 150-point inspections. I want them to have 151. Check to see if the vehicle is stolen. The last thing I want anybody to do is to get caught late at night on some strange road in the backcountry and they can't verify it and they look at that person as a criminal," Scott said.

The North Carolina Attorney General's office said they are investigating Carvana as they have 130 complaints against the company, but are not aware of any complaints involving selling stolen cars.
 
Why is that? I’ve sold 2 cars to them with no issue. They paid and came and picked the cars up without me having to go anywhere

Same. As long as the check doesn't bounce, I'd check them out. Would I buy from them....? Wouldn't be my first/second/third choice.
 
Some manufacturers are not letting you sell leased cars to other dealers but they will let you sell it to a private buyer.

what do you mean by this?

“KBB says its worth 22k-24k ....i only have 13k left on it when her lease”


if your question is whether you should sell the car for more money than the residual balance , then yes you should do so I’d it’s worth your while. For me, if the gain is over $2k I would do it.
 
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Some manufacturers are not letting you sell leased cars to other dealers but they will let you sell it to a private buyer.

what do you mean by this?

“KBB says its worth 22k-24k ....i only have 13k left on it when her lease”


if your question is whether you should sell the car for more money than the residual balance , then yes you should do so I’d it’s worth your while. For me, if the gain is over $4k I would do it.


Naw i wouldnt b selling it leased i will own it by that point ...

thats why i`m doing the research now the lease is up in a couple weeks ...
 
Naw i wouldnt b selling it leased i will own it by that point ...

thats why i`m doing the research now the lease is up in a couple weeks ...
So are you going to buy it first? If that’s the case just give it back. If you buy it first with the intent to resell, you will have to pay sales tax on it and that eats into your gain. You can sell a leased car to a private person and make more money.
 
So are you going to buy it first? If that’s the case just give it back. If you buy it first with the intent to resell, you will have to pay sales tax on it and that eats into your gain. You can sell a leased car to a private person and make more money.


really..? how can u sell a car u dont own ...?

if thats tru u learn something new everyday ....
 
Yeah man Carmax are some good peoples... I sold my 42,000miles 2020 Kia Forte at Car Max for $20,000 everybody else was offering
$18,300 and under. :cool:
 
really..? how can u sell a car u dont own ...?

if thats tru u learn something new everyday ....
Very easy, sell it and send actual Payoff to the leasing company and keep the rest. They will send you the title which you simply turn over to the buyer. I have done it twice . A lease always has the option for you to own it at the end of the lease and you’re simply exercising that option by flipping it.

‘’You write the sales agreement and get a certified check for the payoff from the buyer made out to the leasing company and the rest to yourself.
 
Carvana is another one you can get an online offer your car


I agree here.. i have never done it before but many people sometimes would say carvana may offer a higher price than carmax...but i would try both just to see what the price offering is..
 
A Forte? You can fit into a Forte? Please tell us it ain't so.

Yeah man Carmax are some good peoples... I sold my 42,000miles 2020 Kia Forte at Car Max for $20,000 everybody else was offering
$18,300 and under. :cool:
 
I agree here.. i have never done it before but many people sometimes would say carvana may offer a higher price than carmax...but i would try both just to see what the price offering is..
Yeah everybody saying the company going bankrupt but I’m like if they offering more money and paying like who cares what happens as long the check is good.

This bgol you would think niggas would have fucked a few bitches headed down the wrong path and not cared cause you wouldn’t be there tomorrow

:lol:
 
actually by most carmax locations is going to be another place that will buy your cars for cash because they know folks might want to shop around.
 
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