I bought a used car from Carvana before the pandemic, and this is pretty sad news to me because after that purchase I vowed that all my future cars would come from Carvana. The buying experience was simply excellent for me, and I couldn't be happier with the car I bought. I figured I probably could have gotten a comparable deal slightly cheaper somewhere else, but I would have wasted a ton of time, and still would ha…
Look up Joshua Fluke on YouTube, on one of his last videos he talks in details about the legal issues that Carvana has had.
I'm not surprised. I've heard multiple stories from multiple people about Carvana just forgot to collect money from them. They bought a used car, the car showed up, and Carvana just never took the money from them beyond the deposit. This is not only bad for Carvana and their cash flow, but bad for the buyer too, who just has to keep the money sitting there forever in case Carvana fixes the glitch and tries to transfe…
Yeah, bankruptcy basically does not let anyone off the hook who owes the bankrupt company or person a debt. But collection is overseen by a court which definitely can mean that efforts to collect debt owed to the bankrupt party can intensify and are unlikely to end until money is collected.
Drivetime is a privately held subprime used dealer group that lists their inventory on Carvana, which is a public spinoff of Drivetime. The CEO of Carvana is the son of the Drivetime owner. Plenty of room to launder profits via wholesale prices.
This seems like wild speculation.
There was people saying the same thing about similar comments regarding Theranos once.
I can see how people that sold a car to Carvana for a great price are happy, but I imagine there are lot of people that ended up with a bad overpriced vehicle from Carvana as well.
Bummer, buying from a dealer always feels bad. Would be great if a company could figure out a digital off the shelf shopping experience. The last car buying experience I had the brick and mortar dealerships listed so many bait cars that online shopping was scammy/pointless.
My understanding (from a poorly remembered Planet Money episode) is that this isn't a technical issue, it's a regulatory one. I'm not from the US and my memory is hazy so I don't know the details.
I bought a used car from Carvana before the pandemic, and this is pretty sad news to me because after that purchase I vowed that all my future cars would come from Carvana. The buying experience was simply excellent for me, and I couldn't be happier with the car I bought. I figured I probably could have gotten a comparable deal slightly cheaper somewhere else, but I would have wasted a ton of time, and still would ha…
The problem with Carvana's valuation is that car dealerships run on thin margins. It's very hard to make billions out of that.
The problem seems to be that they sold too many cars with a negative margin. I've heard stories of people selling their cars sight unseen to Carvana for above market value and it seems they were left holding too many cars as the second hand car market normalized and prices decreased. Like a lot of VC funded companies, they were blinded to market realities by the cash each funding round produced. If they'd had to purc…
Carvana definitely lost money when I sold to them. The car had a lot of minor problems that needed to be addressed if they ever wanted to sell it. When it came to reporting the quality, there were only 3 options. I chose the middle option even though it needed thousands of dollars worth of repairs. The person who picked up my car basically told me that they have no incentive to care so long as if you're obviously being dishonest.
Not GP, but the Tundra is enormous compared to a Tacoma for someone coming from a car and not used to a full-size. I was also considering a Tundra since the model refresh, but even compared to our current truck (Land Cruiser) the Tundra felt noticeably larger and less maneuverable.
Is the Tundra Hybrid even available yet? I love my 2007 but that thirsty V8 gets awful gas mileage.
That overcompensating giant flat angry looking grill (I'm not being hyperbolic, that's literally why they style them that way: https://www.bloomberg.com/news/articles/2021-03-11/the-dange... ) and far too large/heavy body is why your truck has poor gas mileage, not because it has a "thirsty" V8.
2007 Toyota Highlander hybrid MPG: ~28mpg. Same vintage year prius mileage: a bit shy of twice that.
A lot of people want a pickup but don't need a full size truck. Tacoma fills this niche - probably more people that have big pickups would have all their needs met with a tacoma sized one. Though it feels like all trucks have scaled up massively over the past 20 years and a 2020 tacoma is probably as big as a 2000 F150.
I have an old (2006) taco at the moment and have had it over a decade now. It's been perfect. I don't want a larger tundra, I have no need for it. In fact I wish Toyota made a smaller truck. I still need all 4 doors and 5 seats but less width and less length. Perhaps the width of a rav 4, and a even shorter 4ft bed (instead of 5 on taco and 6 on tundra). Essentially like the very old 1990s Ford rangers were, but made by the best quality car manufacturer, Toyota. I don't need to pull or hold multi thousand pounds loads, but I like my fishing poles, muddy boots or filthy buckets to be outside in the bed of the truck. Actually while I'm wishing upon a star, could it also be washed inside and out with a water hose? Can it have almost zero tech, no fucking screens!! so it will last as long as this taco has? (My fan setting physical dial recently broke and fell off, but it still works because I can spin the pin that it attached too with my thumb and finger). Also can I stop dropping my keys between the seat and the center console!?!
I've bought a few cars from dealers in recent years and honestly the experience was ok to fine. In every case I knew which vehicle I wanted to buy before contacting the dealer, so perhaps that makes a difference. Through the whole process where they try to make you buy warranties and so on, I just say "I feel lucky", and chuckle a bit. If they ask about another warranty, I repeat "I feel really lucky", again jovially. Nobody has tried to ask a third time.