Instant market value

Asked by rgskhof Jul 31, 2019 at 09:30 AM

Question type: Car Selling & Trading In

I just received an offer on my car.  A note
came up that it is below the “instant market
value”.  So, what does the instant market
value mean?

2 Answers

40,140

The price is based on other vehicles for sale in your area. You are a private seller, hence you are asking less than a dealer, so I would expect it to be lower. Plus you will sell it faster.

1 people found this helpful.
10

Absoluetly.. instant market value is the maximum price the dealers asking or it would be the ticked price. But when you sell a car privately, normally you wont ask that high. Dealer price always include a proft added to the normal price. But it is not the final selling price. Most often negotiable depends the deal

1 people found this helpful.

Your Answer:

CarGurus Experts

  • #1
    Ed92626
    Reputation
    5,730
  • #2
    james sparrow
    Reputation
    3,160
  • #3
    Bob Beaman
    Reputation
    2,850
View All

Find great deals from top-rated dealers

Search

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. Content will be removed if CarGurus becomes aware that it violates our policies.