Sold Car by Computer

[TheProfessor]

No, the car was not sold by the computer itself.
Did help someone to sell a used car.

The buyer of car is one of those big names that advertise on TV.
Go to the web site of company. Answer a few questions. In less than 5 minutes get an offer. On computer. Make an appointment to visit their local retail store. Within 1 hour at retail store - get a check. The one hour part is that the retail store verifies that the questions answered were in fact true.

The car sold was a 2020 Honda HR-V Touring with less than 10,000 miles.
The car was purchased new for $28,808.
The online offer was $26,000.
Within one hour of appointment. A check for $26,000 was given to seller.
No games. Just some paperwork. And off we go with a check for $26,000.
The car was detailed and washed before sale.

Ah, but what about a replacement car.
A 90+ year old relative of seller decided no more driving. And a nice luxury car AWD had been given to seller. This nice replacement luxury car had less than 7,000 miles. So it was not difficult to choose which car to keep and which car to sell.

Sold the 2020 Honda HR-V within 5 hours total - to get check. From computer to check. 5 hours.

A check for $26,000.

[P-3 Guy]

No surprise. Used cars in good condition with low miles are in high demand. You can be sure that the "big name" buyer turned around and sold the car for more than the $26,000 they paid for it. I hope the 90+ year old relative who gifted the luxury car with less than 7,000 miles knows enough to file a gift tax return with the IRS (Form 709).

[joey2665]

Originally Posted by P-3 Guy

No surprise. Used cars in good condition with low miles are in high demand. You can be sure that the "big name" buyer turned around and sold the car for more than the $26,000 they paid for it. I hope the 90+ year old relative who gifted the luxury car with less than 7,000 miles knows enough to file a gift tax return with the IRS (Form 709).

Depending on how gifted the 709 might not be required.


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[P-3 Guy]

Originally Posted by joey2665

Depending on how gifted the 709 might not be required.

Correct, I'm assuming facts (not always a smart thing to do) that have not been disclosed: the number of people making the gift and the general fair market value of the luxury car with less than 7,000 miles on the clock.

[Biggd]

Originally Posted by TheProfessor

No, the car was not sold by the computer itself.
Did help someone to sell a used car.

The buyer of car is one of those big names that advertise on TV.
Go to the web site of company. Answer a few questions. In less than 5 minutes get an offer. On computer. Make an appointment to visit their local retail store. Within 1 hour at retail store - get a check. The one hour part is that the retail store verifies that the questions answered were in fact true.

The car sold was a 2020 Honda HR-V Touring with less than 10,000 miles.
The car was purchased new for $28,808.
The online offer was $26,000.
Within one hour of appointment. A check for $26,000 was given to seller.
No games. Just some paperwork. And off we go with a check for $26,000.
The car was detailed and washed before sale.

Ah, but what about a replacement car.
A 90+ year old relative of seller decided no more driving. And a nice luxury car AWD had been given to seller. This nice replacement luxury car had less than 7,000 miles. So it was not difficult to choose which car to keep and which car to sell.

Sold the 2020 Honda HR-V within 5 hours total - to get check. From computer to check. 5 hours.

A check for $26,000.

There are horror stories with some of those online car buying companies also. So instead of "buyer beware" it's "seller beware".

[longislander]

Go to the web site of company.

What is the name of the company ... Carvana?

[Newbiesaukee]

I sold my car online. The company came to my condo garage, checked out the car, gave me papers to sign and handed me a check for the previously agreed upon amount. They handled all the paperwork and sent me copies online as well as giving me paper copies. They towed the car from the garage.

I had checked out several companies and the details do differ, but I’m sold on the method.

[TheProfessor]

Originally Posted by longislander

What is the name of the company ... Carvana?

Tried both Carvana and Carmax.
One was much better/higher than the other. By a lot.
Took the higher one.

[Blue Thunder]

Originally Posted by TheProfessor

Tried both Carvana and Carmax.
One was much better/higher than the other. By a lot.
Took the higher one.

I had the exact same experience with the vendor ending in X. 2012 Honda Odyssey with 28000 miles. Dealer offered me $8450 trade in. Got 17,000 for it.
No brainer….They are desperate for used cars…..

BT

[SailinAway]

Originally Posted by TheProfessor

Tried both Carvana and Carmax.
One was much better/higher than the other. By a lot.
Took the higher one.

Well which one did you go with?

[thinkxingu]

Originally Posted by SailinAway

Well which one did you go with?

I don't think it matters—in my experience, neither is consistently better than the other, so people would want to check both for estimates before deciding.

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[TheTimeTraveler]

Looks like the highest bidder wins!