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 41,340
#2 joemom
joemom
Reputation 34,440
#3 FordNut
FordNut
Reputation 29,180
View All