10-25-2021, 05:52 PM | #1 |
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Vroom/Carvana offers going up
It appears now is a really good time to sell your relatively new Bimmer to Vroom or Carvana if you’d rather not sell it yourself. I bought my CPO 2018 340i M Sport in April for $32,488. Today Vroom offered me $36,386 and Carvana offered $36,135. Last month Vroom offered $33,405. So, their latest offer is almost $3,000 more than just one month ago. Carvana offered $32,554. So, their latest offer is almost $3,600 more than one month ago.
Edmund’s put my private party value at $39,992 and KBB puts it at $41,154. Who’d have ever thought a used Bimmer would be an appreciating asset. Crazy times.
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10-25-2021, 08:50 PM | #2 | |
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10-25-2021, 09:05 PM | #3 |
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Very true. That’s really what is interesting to me, how much more buyers are having to pay for the same car six months later. I’m pretty sure I paid an inflated price compared to the beginning of the year.
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10-25-2021, 09:32 PM | #4 |
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I'm in that situation where we have a brand new X3 that my wife barely uses due to wfh. And then there's my 2012 328i. But I just like it too much to give it up. If I had more sense than money, I would sell it right now.
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10-26-2021, 06:55 AM | #5 |
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Exactly. Unless you already have a 2nd car, buying or selling in this market is a bad idea. Once again, this economy really only benefits the have's.
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10-26-2021, 08:46 AM | #6 |
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I gotta say, the price you paid for CPO was a hell of a price too. Granted, i don't know any of the packages it is equipped with but to get a 340i CPO for under 35 in this climate is insane.
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10-26-2021, 10:17 AM | #7 |
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IDK, Carvana only offered me $15,800 for my 340i xD 6-spd. I was honest and mentioned scratches...and it has 94k miles...but I don't think I'm getting the benefit of how scarce manuals for sale are.
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10-26-2021, 10:30 AM | #8 | |
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I seriously contemplated selling my 435 and use the proceeds towards two separate vehicles: something smaller/cheaper/more fun to drive and an inexpensive daily driver. Sadly, with the inflated prices across the entire market has made it impossible.
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10-26-2021, 10:45 AM | #9 |
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Yea that seems very low.
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10-26-2021, 11:16 AM | #10 |
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I just checked for sh!ts and giggles, both vana and vroom offered about 19k for my 16 340i 6MT, 38k miles...what a joke
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10-26-2021, 11:19 AM | #11 | |
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10-26-2021, 11:30 AM | #13 | |
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10-26-2021, 11:36 AM | #14 | |
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10-26-2021, 11:43 AM | #15 |
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Vroom offered $41.3k for my 440xi GC while Carvana offered $39.9k. I paid $41k 3 months ago. The car is essentially fully loading just missing track handling package & had only 8k miles.
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10-26-2021, 11:43 AM | #16 | |
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That 2021 car only fetches $31k from carvana right now, so it is $5k less than your 2018 340i. |
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10-26-2021, 02:01 PM | #17 | |
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I think it will take time for the enthusiast market to drive up the price on our manuals...if it ever happens at all. A manual F3X doesn't seem to have the same attraction as Chevy SS manual or ATS/CTS-V manuals which drive a premium.
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10-26-2021, 05:01 PM | #18 |
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In my zip code a 2018 340i@30k miles with every option except THP and real spoiler gets $30.8k@carvana, so your local mkt is much stronger than around my locales.
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10-26-2021, 05:39 PM | #19 |
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Interesting. That’s a big difference. I guess at least partly because Cali is the land of the 3er and there’s probably more supply than in other markets. I was a little surprised by the amount of my offer considering this is xDrive country and my car is rwd.
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10-27-2021, 12:55 PM | #20 |
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They just offered me $26,000 for my RWD 2015 335i A8 with 53k miles. Back last year they offered me about $17k so that's a massive leap. I work from home and I don't really need to have a car right now so its tempting. I just don't see myself being able to get something comparable down the line as I have the M LSD installed and all prices are insane for anything good used.
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10-27-2021, 09:33 PM | #21 |
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I plugged in zip 60007 and tried on 2018 340i 30k miles loaded except THP and rear spoiler, and carvana offered only $32k. Maybe the carvana is smart enough to track IP address too.
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10-27-2021, 09:53 PM | #22 |
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Base-ish cars are in demand so a 328 will have a higher premium that a rare M340 or MT RW car. Enthusiasts will scoff. The non-enthusiast buyer wants a BMW that runs well.
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