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

246,345

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

246,345

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

Your Answer

Add photo

Related Questions

  • instant market value 3 answers

    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 month...

    2009 Mitsubishi Eclipse GT

    -

    Shopping & Pricing

  • 2003 Mitsubishi Eclipse GS Value? 1 answer

    A Mitsubishi Eclipse In good condition 2003 GS model estimated value?

    2003 Mitsubishi Eclipse GS

    -

    Shopping & Pricing

  • instant market value 1 answer

    What is instant market value

    2013 Acura TSX Sedan w/ Tech Pkg

    -

    Shopping & Pricing

  • I am selling my car and want to know if my expectations are fair. I am asking 1,500 7 answers

    it has 162,000 miles. The a/c works and still blows cold. It has been well maintained and detailed regularly.It has the following issues but is in other wise excellent condition, is wired for a syst...

    2003 Mitsubishi Eclipse GS

    -

    Shopping & Pricing

  • Instant Market Value Question 2 answers

    Is the Cargurus.com instant market value price the drive out value or the value before tax and registration?

    Shopping & Pricing

Eclipse

Looking for a Used Eclipse in your area?

CarGurus has 1,321 nationwide Eclipse listings starting at $1,990.

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

Search Mitsubishi Eclipse Questions

Mitsubishi Eclipse Experts

#1 dandyoun
dandyoun
Reputation 1,630
#2 Daniel Foster
Daniel Foster
Reputation 730
#3 Tom Demyan
Tom Demyan
Reputation 420
View All

Related Models For Sale

Used Mitsubishi Eclipse Spyder
14 Great Deals out of 488 listings starting at $1,700
Used Ford Mustang
731 Great Deals out of 44,988 listings starting at $1,500
Used Mitsubishi Lancer Evolution
19 Great Deals out of 517 listings starting at $13,826
Used Mitsubishi Lancer
90 Great Deals out of 6,206 listings starting at $1,677
Used Nissan 350Z
52 Great Deals out of 1,212 listings starting at $2,995
Used Honda Civic
876 Great Deals out of 85,208 listings starting at $750
Used Chevrolet Camaro
351 Great Deals out of 31,424 listings starting at $2,500
Used Dodge Charger
532 Great Deals out of 28,887 listings starting at $2,500
Used Honda Civic Coupe
207 Great Deals out of 16,153 listings starting at $1,800
Used Dodge Challenger
267 Great Deals out of 22,605 listings starting at $7,995
Used Mazda RX-8
16 Great Deals out of 367 listings starting at $1,499
Used INFINITI G35
101 Great Deals out of 3,273 listings starting at $2,495
Used BMW 3 Series
1,036 Great Deals out of 31,547 listings starting at $975

Used Cars For Sale

2011 Mitsubishi Eclipse GT For Sale
2 listings starting at $8,450
2009 Mitsubishi Eclipse GT For Sale
13 listings starting at $6,995
2008 Mitsubishi Eclipse GT For Sale
31 listings starting at $4,999

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.