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.

Autotrader tops our list as the best overall used car site as the most recognized car buying and selling online auto marketplace. Its huge volume of listings and advanced search tool make it the go-to place to buy and sell a car.

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 2.36 stars from 322 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.

Can you negotiate asking price? ›

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.

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.

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.

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.

Which car brand is not reliable? ›

Tesla, Mercedes, and Jeep cars give owners the most problems, Consumer Reports says. These are the most and least reliable brands.

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.

Typically, a lowball offer is considered to be at least 20% below the asking price. If you're offering 10% below, the property should be in a good condition but may just need some cosmetic work done.

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.

Once we have all the necessary information in place a team member will reach out via phone to complete the transaction! Funds will be sent electronically to be verified. Once this is completed, they will be deposited into your account. Feel free to reach out with any other questions.

The Kelley Blue Book—and its equally popular website—is one of the most trusted guides for automobile pricing, used by those who are buying or selling cars. Kelley assesses the following values: private party value, trade-in value, suggested retail value, and certified pre-owned (CPO) value.

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.

A no-haggle price means the sticker price is the true price you pay for the car, not a starting point for negotiations. No-haggle car buying lets shoppers easily compare the price of vehicles from different dealerships. It saves time and effort, which many drivers deem invaluable, even if it may not always save money.

What is the purpose of CarGurus? ›

Ultimately, CarGurus helps bridge the gap between dealers and consumers by providing transparent information on the value of a car, easy-to-understand search results pages, and unbiased dealership reviews.

F_O_R answered 4 years ago. A car with a lot of problems that was bought back by the manufacturer because it was so bad. Check your state for the legal definition of a lemon car.

No Impact on Your Credit Score.

What is considered a lowball offer? As a rule, anything below 10 percent of the initial asking price is considered a lowball offer. A lowball offer for a house listed at $500,000 would fall around $450,000. That being said, the market determines what is considered low balling.

To haggle is to negotiate or argue over something, usually a price. You can haggle at a flea market or anywhere where the price of items is flexible.

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.

Is CarGurus instant cash offer legit? ›

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.

How does it work? A consumer selling their car easily submits their vehicle's information through the CarGurus Sell My Car page. A sophisticated algorithm based on hundreds of thousands of CarOffer datapoints then gives the shopper the best possible offer to purchase their vehicle.

CarGurus does not have physical locations but will arrange to pick up your vehicle at no cost from your home, workplace or other site you choose.

Vehicle listings company CarGurus in January 2021 acquired a 51 percent stake in wholesale trading platform CarOffer, which allows dealers to create standing buy orders and automatically matches them to available inventory.

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.

Topping that list is the Toyota Sequoia, which has a potential lifespan of 296,509 miles, according to a new study from iSeeCars.com. The automotive research website analyzed more than 2 million cars to determine which last longest and found that 20 models are able to endure for more than 200,000 miles.

Shares of CarGurus have dropped more than 60% this year on weakening performance. Investors are also rightly unnerved over the company's expanding Instant Max Cash Offer program, which is still operating at negative margins. The company's profitability margins have dramatically declined since the prior year.

FICO credit score of 500 or less

Those with credit scores under 500 are considered to have deep subprime credit and will likely face the highest interest rates. The average auto loan interest rate for the deep subprime category was 14.76 percent.

What Is the Minimum Score Needed to Buy a Car? In general, lenders look for borrowers in the prime range or better, so you will need a score of 661 or higher to qualify for most conventional car loans.

What credit score do car lots look at? ›

Most car dealerships use the FICO Score 8 scale to determine your eligibility for a loan. The FICO score is the most widely used because it is considered to be the most accurate assessment of your credit standing. It takes the scores of all three major credit bureaus to create a FICO score.