dyintorace said:
I read this article last night and it made me think of this thread. Interesting to learn the background of the founders.
I had a somewhat eccentric economics professor whose favorite name drop was that he'd taught one of the Keating Seven. Can't remember which one, though. He also insisted Michael "Junk Bond King" Milken was framed.
My brother just bought a BMW i3 from Carvana, but he's now setting up a return because it turns out the seats have some ergonomics issues. I'll let you know if the process goes smoothly or if anything goes wrong.
They are great for valuing a trade-in. I'm not sure if that is a tactic to get people "in the door" with them but when we were in the purchasing phase for my wife we made sure to do the CarMax and Carvana (and Vroom) valuations just so we had something in hand that the dealer we would purchase her XC90 from would/could match.
Carvana came in the highest on her 2010 RX350, with CarMax not that far off at about $600 lower. The dealer ultimately split the difference of the two offers on trade-in, but that may explain why they charge a little more (outbidding CarMax for market share) for the cars they are selling (that and the convenience).
Fueled by Caffeine said:
In reply to dyintorace :
Still the land of opportunity.. cool story
Drive Time is a predatory lender, if this guy made his money from a payday loan place, would you still think it’s a cool story? That’s pretty much what he is/was.
