What criteria do you use to establish "Instant Market Value"?

Asked by Aug 15, 2012 at 01:35 PM about the 2007 Toyota Sequoia 4 Dr Limited V8 4WD

Question type: General

3 Answers

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What is the "Instant Market Value"? 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.

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Thanks Tom...I appreciate the quick response. The vehicle in question is a 2007 Toyota Sequoia, listed on your site. It's in Salem, OR with 67,235 miles and price listed as "negotiable"...but the dealers web site lists the price as $29,961. Any input as to it's instant market value?

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http://www.cargurus.com/Cars/2007-Toyota-Sequoia-Overview-c5261

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