What is instant market value?
The dealer list price of the vehicle I am looking at is8454. You say this
vehicle's instant market price is 7168. Is this the price you are
As always these online values are only a guide. The more information you input - condition, mileage and options the more accurate the value will be, but as always the market determines the selling price. I always look at asking prices in ads to get a realistic upper end value.
Keep in mind that dealers ask way too much for used cars. I would offer them at least 10%-20% less than what they ask. In my area they tend to ask more than the new selling price for 2 year old cars!
It's based on a formula.... http://cargurus.uservoice.com/knowledgebase/articles/112824-what- is-instant-market-value
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