What is instant market value?

Asked by Jan 19, 2016 at 02:06 PM about the 2008 Ford Taurus X SEL

Question type: Shopping & Pricing

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
recommending?

3 Answers

41,015

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.

41,015

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!

217,715

It's based on a formula.... http://cargurus.uservoice.com/knowledgebase/articles/112824-what- is-instant-market-value

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