instant market value

Asked by Jan 06, 2016 at 11:53 AM about the 2009 Mitsubishi Eclipse GT

Question type: Shopping & Pricing

Vehicles depricite in value as time passes as far
as my ubderstanding except on classics.
Been stalking this 2009 mitsubishi eclipse gt
with vin 4A3AK34T49E602448 almost everyday
for almost 3 months now.
For such unpopular car as 4th gen mitsubishi
eclipse, manual transmission, v6 with less than
average gas mileage (25mpg highway, i could
say bad), and YELLOW in color; would we think
that its a tough market for the consumers.
Aside from all that, the "INSTANT MARKET
VALUE" of this spefic vehicle based on
cargurus.com value is not depreciating
constantly as all used vehicle should. Every
passing day value goes down.
Few days ago the car's instant market value
was at $13,7xx, next few days was at $13,4xx,
the next few days was at $13,6xx.
I am confused as a potential buyer, respectfully i
will have to ask what formula does
cargurus.com use to determine this up and
down numbers?
As cargurus.com is supposed to be a research
tool to better assist consumers in car buying
process such as listings, features, prices (fair or
not), and so on.
So far i have been grateful with cargurus
services in providing all this info, just when i
have my eyes on this 2009 mitsubishi eclipse,
vin 4A3AK34T49E602448; i sincerely ask if
cargurus could kindly assist me more with this
INSTANT MARKET VALUE numbers.
In conclusion, i would be very disappointing if i
were to find out that cargurus is just another
listing page for cars on sale who is standing by
dealerships sides, tweaking the INSTANT
MARKET VALUE up and down tricking
consumers to think that they are getting a good
deal and so on. Perhaps cargurus is on these
dealerships payroll for this so called "instant
market value" tweaking service, so all thie cars
are at good or great deal. As for dealerships
which do not pay, cargurus.com still have their
cars for sale listed, but the prices will be at only
fair or overpriced.
Hopefully that is not the case, till this day i still
believe that cargurus.com is standing by
consumers sides or at the very least neutral.
Thank you so much for your attention, and i look
forward to hear from you.

Sincerely,

Lim

3 Answers

254,435

http://cargurus.uservoice.com/knowledgebase/articles/112824-what- is-instant-market-value

254,435

The prices you listed are retail/asking price numbers, buying the car from the seller/dealer, you know you can negotiate the price? Go test drive it and if you like it, have your mechanic inspect it, and then try to get it for around $12K.

Thanks for the help tom. Are you with cargurus.com? And no, i am talking about imv by cargurus not reatail/asking by dealership. Im familiar with negotiating process, in fact so far i have bought and helped friends negotiated 9 cars in buying process. However all my negotiating experiences were brand new cars, in average i negotiated $6000 off msrp which i think i have done pretty well. But this is going to be my first time purchasing used car from dealer. So back to imv by cargurus, imv goes up and down instead of constantly down? What gives? Car should depriciate everday, as they become older and older with newer model and year out, no? Thanks

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