On your website, under the Car Values tab, if I look up a car I am considering buying by the VIM # it shows a Instant Market Value of 40498, if I enter the same year, mode, options etc... I get a Instant Market Value $50k. Why the difference?

Asked by timgsnow Apr 10, 2015 at 03:59 PM about the Dodge RAM 2500

Question type: Shopping & Pricing

1 Answer

When you look it up by the VIN it doesn't know mileage or condition and uses an algorithm for averages. When you plug in a specific car and know mileage, condition, and the VIN doesn't know ALL options in the listing either. Area is important, a car that sells for $XXXX in 90210 Beverly Hills Calif will have a higher IMV than a poor area. But 10k is an awfully big difference, granted. That idk. I just tried it to see what would happen with my car. With the VIN it was over $2k higher than using all my information w/o VIN And it should be the other way around. I have low mileage for the year and it's mint, I taker care of that car better than I do my wife

Your Answer:

CarGurus Experts

  • #1
    Dan Connell
    Reputation
    5,610
  • #2
    Tony Williams
    Reputation
    1,650
  • #3
    Ram2500Diesel
    Reputation
    1,600
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used RAM 2500
45 Great Deals out of 2,202 listings starting at $14,998
Used Chevrolet Silverado 2500HD
20 Great Deals out of 1,146 listings starting at $8,999
Used Ford F-250 Super Duty
27 Great Deals out of 1,201 listings starting at $8,995
Used Dodge RAM 3500
29 listings starting at $13,888
Used GMC Sierra 2500HD
17 Great Deals out of 1,712 listings starting at $12,900
Used Dodge RAM 1500
4 Great Deals out of 80 listings starting at $4,000
Used Ford F-150
299 Great Deals out of 15,725 listings starting at $1,712
Used Chevrolet Silverado 1500
171 Great Deals out of 5,940 listings starting at $3,995
Used Ford F-250
6 listings
Used Ford F-350 Super Duty
36 Great Deals out of 2,603 listings starting at $8,888
Used RAM 1500
469 Great Deals out of 15,523 listings starting at $5,000
Used RAM 3500
42 Great Deals out of 2,265 listings starting at $17,995
Used GMC Sierra 1500
128 Great Deals out of 6,854 listings starting at $3,975
Used Toyota Tundra
47 Great Deals out of 1,145 listings starting at $5,999
Used Toyota Tacoma
54 Great Deals out of 1,033 listings starting at $8,708

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.