Used Cars For Sale - CarGurus (2023)

FAQs

Should I trust CarGurus? ›

CarGurus is a reliable resource for finding vehicle values and additional unbiased research. CarGurus doesn't have a physical inventory, which means you'll just be put in contact with nearby dealerships. You can get pre-qualified for financing online before visiting a dealership.

The CarGurus Instant Market Value (IMV) is an estimated fair retail price for a vehicle based on a detailed analysis of comparable current and previous car listings in your market.

Tell them how much you're willing to pay for the car and the negotiating will begin. It's easy -- so go for it!

Engaged (quality) shoppers – CarGurus says they have the highest average time on site per shoppers at 21 minutes vs. 14 for Cars.com and 11 for AutoTrader. [7] They also boast the highest engagement in terms of “Connections” with 62M in 2018.

Based on your pricing homework, you should have a good idea of how much you're willing to pay. Begin by making an offer that is realistic but 15 to 25 percent lower than this figure. Name your offer and wait until the person you're negotiating with responds.

CarGurus has a consumer rating of 2.39 stars from 320 reviews indicating that most customers are generally dissatisfied with their purchases. Consumers complaining about CarGurus most frequently mention customer service, phone number and good deal problems. CarGurus ranks 216th among Car Buying sites.

It means there isn't enough info from seller to provide a price breakdown (such as a lack of a VIN), or there aren't enough comparable cars to the one being sold to make a price analysis (that's usually only the case when a rare car is being sold).

a bill of sale generated for you and the buyer to electronically sign. the funds securely deposited directly into your checking account. Pease note that CarGurus doesn't take a percentage for the sale of your car.

The short answer is yes. However, for many, even the thought of negotiating new car prices can seem intimidating. Treat this experience like any negotiation and go in with a plan. The more thought you put into it upfront, the more confidence you'll feel about speaking with your dealer about the price of your new car.

In a buyer's market, it can be reasonable to offer as much as 20% under the asking price if the home requires extensive repairs, such as replacing the roof or if there are foundation issues. Offers of 5 – 19% under price are also acceptable depending on the need for remodeling or upgraded appliances.

Which car pricing site is best? ›

Since 1926, Kelley Blue Book has been one of the most trusted names in the auto industry. You might say we literally "wrote the book on car values". And today there's no better place to find the value of your current car than KBB.com.

History. CarGurus was founded in 2006 by Langley Steinert, a co-founder of TripAdvisor. Langley Steinert was the company's CEO until January, 2021 when CFO Jason Trevisan was named as the company's CEO.

Coming to the recent operational results, Carvana outperformed Cars.com and is poised to deliver robust numbers for 3Q. Also, year-to-date, Carvana stock has delivered impressive returns, unlike Cars.com stock. However, the higher upside potential in Cars.com stock could make it a better pick than Carvana right now.

Which Is Better: Carvana or CarMax? Carvana is a better option if you look for convenience and ease of use in your purchases and trades. On the other hand, CarMax is ideal for people who want to test drive the car beforehand and who do not mind going to their nearest CarMax location to do it.

Carvana has lost its license to sell cars in Illinois twice, been suspended from operating in parts of North Carolina, and had its Florida business license threatened, all because of title problems.

What is considered high mileage on a car? Often, 100,000 miles is considered a cut-off point for used cars because older vehicles often start requiring more expensive and frequent maintenance when mileage exceeds 100,000.

To determine whether a car has reasonable mileage, you can simply multiply 12,000 by its age. That means good mileage for a car that's 5 years old is 60,000. Significantly more or fewer miles could indicate a problem or trouble in the future.

When you're presented with a lowball offer, Ted Ings has a suggestion: don't deal with the price, but rather, the reason for the low offer. “Ask the customer to level with you. Ask them directly if it's the right vehicle for their needs. If it isn't perfect, start from square one with a vehicle search.

Snap a photo of the front of your car with the paper on the windshield and opened front door, making sure both are clearly visible. You can then upload it using the link provided in the email or selecting "Choose File..." on the verification page.

The company's real moneymaker is through ads. If you notice during your car research that the website features links to websites where you can buy a certain car, those links are there for a reason. CarGurus gets paid by a variety of advertisers for featuring relevant offers throughout its site.

Who is CarGurus owned by? ›

CarGurus was founded in 2006 by Langley Steinert, a co-founder of TripAdvisor. Langley Steinert was the company's CEO until January, 2021 when CFO Jason Trevisan was named as the company's CEO.

Finance in Advance from CarGurus is a way to get pre-qualified for a car loan without a hard inquiry. Using Finance in Advance, associated lenders do what's called a “soft inquiry” of your credit history, which has no impact on your credit score.

Instant Cash Offer FAQs

Remember, even though you're not getting the absolute best value, you're still likely getting a better price than you would selling during a local dealer's “specials” promotion or other sale. Are Instant Cash Offers Legitimate? Yes.