Who & What determines the "Instant Market Value"? Cars with similar equip. & similar mileage have a difference up to $13649 WHY??

Asked by Jun 23, 2016 at 11:16 PM about the 2013 Jaguar XK-Series XKR Convertible

Question type: Shopping & Pricing

2 Answers

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

210,445

From my understanding, it's all calculated via a spreadsheet or algorithm. But there are too many variables to get an accurate number. I use the Instant market value as a guide and ballpark figure only. The real price is what you end up negotiating with the seller or dealer once you drive the car.

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