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Carvana Stock, CarMax Sink as Amazon Enters Online Car Sales

37 pointsby my12parsecsover 1 year ago

6 comments

jqpabc123over 1 year ago
In my experience, trying to buy a car online actually <i>increases</i> the cost and time and frustration.<p>So does buying a car outright. They will actually pay you (additional rebates) to finance a new car in a lot of cases.<p>There is so much counter intuitative gamesmanship going on in this industry, I doubt Amazon or anyone else can really fix it.<p>Two of their favorite tricks are &quot;dealer added equipment&quot; and &quot;documentation fees&quot;. If you pay either of these, you are getting screwed. They are few and far between but it is possible to find dealerships that don&#x27;t play these games.<p>For example, &quot;Nitro tires&quot; for $400 --- is just air. Air is more than 70 percent nitrogen. They are actually charging you a good chunk of money to put air in the tires.<p>Other examples include &quot;Diamond plating&quot; for $400 --- it&#x27;s just wax. Scotchgard on the seats for $400 --- is just a spray can that may or may not have been applied (how do you really know?).<p>I&#x27;ve seen vehicles on the lot with $2-3000 of this BS added to price of the vehicle. Of course, these last minute additions often aren&#x27;t included in the price you find online.
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kwertyoowiyopover 1 year ago
Can’t wait to buy a new JYFRIXRIFMEER sedan!
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ctvoover 1 year ago
This happens every time Amazon announces something and is a great opportunity to buy on the cheap as Amazon fails a year later.<p>See online pharmacies, health care, real estate (!), loans.
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gamblor956over 1 year ago
It&#x27;s only a matter of time before Amazon&#x27;s car sales section is filled with vehicles from BSTCARZ or GREENCARR or their Alibaba dropshipping ilk.
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treisover 1 year ago
Carvana&#x27;s stock did not sink. It&#x27;s up 10% over the last 5 days.
cramjabsynover 1 year ago
Good riddance. Carvana was a nightmare of vehicle issues, months late trade-in payoff and revolving door customer support. I truly hope they go out of business.