How do you book Market Value on a vehicle?

5

Asked by Jul 24, 2017 at 04:52 PM

Question type: Shopping & Pricing

I have noticed on multiple occasions that the market value of the vehicles I
have advertised are being displayed well below book. This vehicle is just an
example. 2004 F-150 Lariat Supercrew yes there is nearly 200k worth of
miles but NADA which is exclusively used by our lenders (our market) to
determine loan amounts. reads $12,175. KBB reads  $10,143.
On what market are you getting $9,000?
the market from california on a 2 wheel drive pickup is different than the
market on the exact vehicle in Idaho. What market are you using?

2 Answers

264,335

http://cargurus.helpscoutdocs.com/article/10-what-is-imv

264,335

Guides are guides, no absolutes. KBB is always lower than NADA, and most dealership will use the lower number for your trade in. Ultimately the truck is worth what someone is willing to pay for it. This is a public forum BTW. Click on contact us at the bottom of the page to get an answer from someone at Cargurus.

Your Answer

Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Shortcuts

Shopping & Pricing Experts

  • #1
    Tom Demyan
    Reputation
    16,860
  • #2
    F_O_R
    Reputation
    8,010
  • #3
    COMETGUY61
    Reputation
    6,010
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.