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Old 11-22-2022, 07:16 PM
 
28,115 posts, read 63,666,290 times
Reputation: 23268

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Two friends with leases ending lady year did very well with lease purchase and immediate sale to Caravana...

Thousands of dollars in their pocket when it was all said and done...
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Old 11-22-2022, 07:33 PM
 
10,864 posts, read 6,478,124 times
Reputation: 7959
TLSA does not have dealers,so you walk in and order a car and then drive it home??
Do you get to test drive any model ?
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Old 11-22-2022, 11:37 PM
 
1,976 posts, read 6,859,287 times
Reputation: 2559
Quote:
Originally Posted by mojo101 View Post
TLSA does not have dealers,so you walk in and order a car and then drive it home??
Do you get to test drive any model ?
My friend who bought one went to a location and got to test drive the model Y before buying. I think it wasn't the trim that he bought but at least it gave him an idea.
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Old 11-23-2022, 07:17 AM
 
9,880 posts, read 7,209,711 times
Reputation: 11472
Quote:
Originally Posted by mojo101 View Post
TLSA does not have dealers,so you walk in and order a car and then drive it home??
Do you get to test drive any model ?
You have to schedule an appointment online to test drive. You then order it in store or online and it gets delivered to you. There is limited inventory available to buy today.
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Old 11-23-2022, 09:47 AM
 
1,706 posts, read 1,151,890 times
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Probably for the best. A purchaser is served better by being able to shop at a car lot.
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Old 11-23-2022, 10:41 AM
 
50,783 posts, read 36,474,703 times
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Quote:
Originally Posted by Hemlock140 View Post
I could never understand how anyone could buy a car without seeing it, test driving it, and comparing it to others. When the interest rates went up, it slowed sales, and the smaller subset of buyers that will purchase sight unseen is just not enough to pay the bills.
I agree. No amount of reviews can tell you if it feels comfortable to drive, for an individual.
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Old 11-23-2022, 10:46 AM
 
15 posts, read 9,869 times
Reputation: 32
You mean the car vending machine concept was a flop?? who would have guessed!

I'm thinking is that most consumers like myself, need to be a bit more engaged in the process with a test drive and checking out the fit and finish rather than buying a $$$$ car by looking at pictures.
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Old 11-23-2022, 10:48 AM
 
17,307 posts, read 22,039,209 times
Reputation: 29648
I was seated next to a guy on an airline that was in the car business and he told me Carvana simply didn't make enough margins on their cars. They pay too much and then get buried in the car. They can only roll the losses down the road so far.

He was upper management in a chain of used car dealers that had 4000 cars but were soon expanding to new markets/3 new locations in late 22/early 23. He didn't know it when he talked to me that I actually know the founders of his dealership, had actually stayed at their house/been on trips with them.
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Old 11-23-2022, 11:57 AM
 
33,316 posts, read 12,522,497 times
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Quote:
Originally Posted by City Guy997S View Post
I was seated next to a guy on an airline that was in the car business and he told me Carvana simply didn't make enough margins on their cars. They pay too much and then get buried in the car. They can only roll the losses down the road so far.

He was upper management in a chain of used car dealers that had 4000 cars but were soon expanding to new markets/3 new locations in late 22/early 23. He didn't know it when he talked to me that I actually know the founders of his dealership, had actually stayed at their house/been on trips with them.
Whenever I’d read posts, on CD and elsewhere, about people selling their cars to Carvana, I’d usually shake my head and say a Carvana paid them too much.

When looking on the Carvana site and other sites on the same day….their prices always seemed too high in comparison.

Some people on CD lauded their warranty, but I never heard if that was administered by a third party or not.

If not, will the warranties be lost to customers in bankruptcy ?
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Old 11-23-2022, 01:34 PM
 
9,880 posts, read 7,209,711 times
Reputation: 11472
Quote:
Originally Posted by 33cents View Post
You mean the car vending machine concept was a flop?? who would have guessed!

I'm thinking is that most consumers like myself, need to be a bit more engaged in the process with a test drive and checking out the fit and finish rather than buying a $$$$ car by looking at pictures.
The car vending machine was for sold cars. You would go pick it up at one if you wanted. It was a marketing gimmick.
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