Car Gurus' Price Assessment Process
Hi Gurus, When assessing the fairness of a vehicle's price, does Car Gurus look at a vehicle to assess condition, evidence of previous accident-related repairs, title history and/or the maintenance history? I.E. If a car was in serious accident and was being advertised on your site, is that considered in your assessment? Aren't the numbers just one piece of the puzzle when determining if you're getting a good deal? Thanks.
This is what is posted on this site...."Put simply, Instant Market Value is the estimated fair retail price for a vehicle based on similar listings in the market. We analyze millions of currently listed and recently sold cars to determine the Instant Market Value for a vehicle based on year, trim, mileage, transmission, options, region and other factors. " So based on that, Car Gurus database is only looking at cost for each vehicle. You the customer have to dig a little deeper to see what the history is and if in fact it is a good deal or not.
What is not taken into account. The condition, if the car is certified,if it has a rebuilt title etc. In other words this site does not really help you.
Condition, certified, and salvage title are all taken into account.
If a Toyota at a Toyota dealer is Certified (Which gives it a 1 yr bumper to bumper waranty and a 7 year 100,000 mile drive train warranty) cost $500 more then the same car with similar miles on it at a non Toyota dealership with a 3 month 3000 mile drive train warranty. What deal is better? The dealers are not your enemy. You also get 1.9% financing up to 5 years. That can save you even more money. Your system of hijacking dealerships inventory then labeling them as over priced is awful.