What's the deifintion for "INSTANT MARKET VALUE" AND "FAIR MARKET VALUE"?

supervisor
10

Asked by Feb 07, 2013 at 02:39 PM about the Ford E-150

Question type: Shopping & Pricing

I see ratings on vehicle cost and two terms are user, Fair and Instant market value...can you explain.....

4 Answers

That's a good question. My Corolla is listed at $10,236 the same as a CE and mine is an LE, with power windows instead of crank, many other higher end features same year, 25,00 miles less..really don't know how they come up with those, have wondered myself

supervisor
10

Looked at a new Mustang Cobra for $57,000....while getting my 2010 Mustang GT serviced....sales guy was willing to knock off $10K from MSRP...without taking a breath. I wonder why the MSRP is so close to "Instant Market value" (IMV) cost.... how they can cut $10K off the price....seems like a crock to suggest IMV is what should be paid considering the example above. Rule of thumb I've used is start $5-$10K below MSRP sticker and your in the ball park.

1 out of 1 people think this is helpful.

it depends on your zip code...how easily is it shown in person...that's the main consideration with "fair market value"~

Instant Market Value will NEVER be correct as it is assuming things and putting that data together for one lovely amalgam that is going to be incorrect~

Your Answer

Add photo

Related Questions

E-150

Looking for a Used E-150 in your area?

CarGurus has 168 nationwide E-150 listings and the tools to find you a great deal.

ZIP:

Search Ford E-150 Questions

Ford E-150 Experts

#1 FordNut
FordNut
Reputation 530
#2 Tracy Hooks
Tracy Hooks
Reputation 370
#3 dandyoun
dandyoun
Reputation 350
View All

Related Models For Sale

Used Ford F-150"
2,520 Great Deals out of 208,603 listings starting at $1,350
Used Chevrolet Silverado 1500"
1,896 Great Deals out of 117,373 listings starting at $990
Used Ford E-Series Cargo"
111 Great Deals out of 3,325 listings starting at $1,750
Used Dodge Ram 1500"
486 Great Deals out of 11,902 listings starting at $1,200
Used GMC Sierra 1500"
786 Great Deals out of 47,461 listings starting at $1,750
Used Toyota Tacoma"
488 Great Deals out of 22,311 listings starting at $2,250
Used Chevrolet Express Cargo"
86 Great Deals out of 6,369 listings starting at $1,495
Used Toyota Tundra"
421 Great Deals out of 21,660 listings starting at $2,495
Used Ford E-Series Passenger"
64 Great Deals out of 2,007 listings starting at $1,175
Used Ford E-250"
106 listings
Used Ford F-100"
149 listings
Used Ford F-250"
512 listings starting at $2,995
Used Ford F-150 Heritage"
3 Great Deals out of 196 listings starting at $3,000
Used Chevrolet Express"
94 Great Deals out of 4,289 listings starting at $1,995
Used Ford F-150 SVT Lightning"
4 Great Deals out of 102 listings starting at $7,900