Here’s the latest reader question, along with my reply:
Ray asks: Do know anything about Carvanna? Are they reliable and reasonable? For someone who is an extreme introvert who hates wasting time on salesmen and the loan approval waiting game, it sounds appealing. Thanks, and hope to hear you on Tom Woods’ podcast again soon.
My reply: As a fellow extreme introvert, I feel your pain! To answer your question… I don’t have any personal experience with Carvanna, so can’t say anything pro or con. What I will suggest is this:
Determine how much you are comfortable spending; the actual total sum as well as the monthly payment.
Use this to narrow down your search to specific makes/models.
If you are going to finance, email your bank/credit union and request a loan application.
Note that – so far – all of this can be done via computer, online – without having to deal with anyone in person.
Okay, next step:
Having lined up your financing, email dealers that sell the make/model you are interested in. Tell them you are seriously interested in buying (list the make/model with the equipment you want) and and make them an offer that’s in the neighborhood of 3 percent over the invoice price. Send this email to several dealers; you can “haggle” via email until you have a firm offer that is acceptable to you. Then you just show up to sign the papers and drive your new car home.
I detail this stuff in my ebook, Don’t Get Taken for a Ride – which you can download here for free.
Please let me know how it goes!
Hope this helps…
. . .
Got a question about cars – or anything else? Click on the “ask Eric” link and send ’em in!
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