Quick Answer: Is CarGurus A Good Place To Buy A Car??

Sometimes, the best deals on used cars come from private sellers.

But most vehicles listed on CarGurus are on dealers’ lots.

Private auto sales do have some downsides — like used car buying scams — but it’s nice to have the option.

It costs money to sell your car on CarGurus.

Is CarGurus a dealer?

About CarGurus

Founded in 2006, CarGurus is an online automotive marketplace connecting buyers and sellers of new and used cars. CarGurus is now the #1 most visited car shopping site among the major third-party shopping sites in the US.

How does CarGurus make money?

“Featured ads” are paid, and ads on the site. They don’t take a cut of the car payment and don’t tack on fees. cargurus make money from me and other dealers who pay a monthly fee to listing our inventory to sell cars.

Does CarGurus deliver your car?

CarGurus Delivery Basics

CarGurus Delivery is a product that gives car shoppers more selection by supplementing vehicle searches with low results. When a car shopper’s search yields a limited selection of vehicles, delivery results will be displayed alongside local results.

When’s the best time to buy a car?

Shop late in the year and late in the month

The months of October, November and December are the best time of year to buy a car. Car dealerships have sales quotas, which typically break down into yearly, quarterly and monthly sales goals.

Is CarGurus free?

CarGurus’ most unique feature is its question and answer board. This is an online community forum where car buyers can post questions on any auto-related topic. You have to sign in to the website to set up a profile to post a question, but the board is free and open to all visitors.

What makes Cargurus different?

CarGurus uses mathematical algorithms to analyze the available vehicles and then rank the listings from best to worst. The analysis is based on what the site calls the “Instant Market Value” of a vehicle, which is determined by looking at similar, current and previously sold car listings in your area.

How do I contact Cargurus?

If you are not calling with an investor-related question, we can be reached at (800) 227-4878 or 800-CAR-GURUS. For investor inquiries, you can reach CarGurus Investor Relations at investors@cargurus.com or (888) 508-1190. CarGurus’ stock is listed on NASDAQ under the symbol CARG.

Where do dealerships make their money?

Most dealers don’t make the bulk of their profits on the sale of a new car. The big profit usually comes through arranging car loans, selling add-ons, and making money on your trade-in. Dealers can easily make a profit of $3,000 just through the financing alone (see: How Dealers Make Money on Financing).

How does CarGurus determine value?

1 Answer. The Instant Market Value (IMV) of a vehicle is CarGurus’ estimated fair retail price for a vehicle based on a detailed analysis of comparable current and previously sold car listings in your local market. CarGurus’ IMV is used to determine whether each listed car is a great, good, fair or overpriced deal.

Does CarGurus do financing?

When a buyer chooses to finance their purchase of a private vehicle through CarGurus, our partner AUTOPAY handles the transaction and credit application. Sellers will receive the full amount in the form of a check from AUTOPAY.

What does dealer price mean on CarGurus?

865. rogerhtc28 answered 5 years ago. if you mean the invoice dealer price is the price that the manufactorer charges the dealer for a vehicle.in other words how much the dealer paid for the car.that before msrp that this the suggested retail price which is more.thats how they make profit. 3 people found this helpful.

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