What does it mean when the discription says. "High leverage, 62 days on cargurus, hot seller, normal leverage " is this some kind of time frame the dealer is giving you to buy the car?

Asked by Nov 09, 2013 at 10:42 AM

Question type: General

1 Answer

5

This is an excellent question. High or low leverage is actually determined by Cargurus, based on how long a particular vehicle has been listed by the dealer. The longer a vehicle has been listed, the higher your buying leverage, or likelihood of you getting a better deal. This is because the longer a vehicle stays on a dealer's lot, the more that vehicle costs the dealer. Sell quicker = costs less.

Your Answer

Add photo

Related Questions

Shortcuts

Search General Questions

General Experts

#1 Tom Demyan
Tom Demyan
Reputation 48,060
#2 COMETGUY61
COMETGUY61
Reputation 39,440
#3 tenspeed
tenspeed
Reputation 16,770
View All

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.