I realize that this question has been probably asked 100 times, but what is the percentage number below Instant Market Value should someone offer a dealership for a vehicle and would that change depending on how long the vehicle has been on CarGurus?
It is based on national average, with adjustment to your location.
It doesn't matter how long a vehicle has been on CarGurus. Instant market value is a average price that the vehicle has been selling for. As a buyer, you want to spend less than the average. Rough guess on the percentage would be to offer 80-90% of the asking price.The dealer should counter offer. A private seller might be offended and not respond.
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