How does CG know if the price is Fair, Bad or Good?

Asked by isaacgmotors Jul 28, 2016 at 10:27 AM about the 2002 Ford F-150 SVT Lightning 2 Dr Supercharged Standard Cab Stepside SB

Question type: Shopping & Pricing

I'm seeing values on NADA that suggest the truck I want to buy are $5K less than what is advertised on the truck, but CarsGuru.com says it is a fair deal and it is over priced by $68. Who, how, do you know if this is a good or bad deal?

3 Answers

42,385

Cargurus doesn't know (fair value) its simply an algorithm of cars listed on their site. Check locally for what a particular vehicle really sells for. NADA's a very rough estimation of value too.

2 people found this helpful.

I like your answer, but I'm still curious as to what does the algorithim take into consideration? Does it look at vehicles in a radius to price them out, does it compile list of prices from KBB/NADA/BlackBook, etc?

86,775

OK, it all depends on your location, just like real estate values... A car in SoCal is always going to command a higher price than one in Michigan...rust, road salt, harsh winters, etc. It's always about condition with any used car. SO, Auto Centric is absolutely correct, these numbers from KBB and NADA are guidelines. Also, it's very much a supply and demand thing.

1 people found this helpful.
Best Answer Mark helpful

Your Answer:

F-150 SVT Lightning

Looking for a Used F-150 SVT Lightning in your area?

CarGurus has 3 nationwide F-150 SVT Lightning listings starting at $35,989.

Postal Code:

CarGurus Experts

  • #1
    Bob Beaman
    Reputation
    140
  • #2
    Guitarman1930
    Reputation
    70
  • #2
    Logan Carter
    Reputation
    70
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Ford F-150
299 Great Deals out of 15,725 listings starting at $1,712
Used Ford Mustang
49 Great Deals out of 1,268 listings starting at $4,995
Used Dodge RAM 1500
4 Great Deals out of 80 listings starting at $4,000
Used Chevrolet Silverado 1500
171 Great Deals out of 5,940 listings starting at $3,995
Used Ford Mustang SVT Cobra
5 listings starting at $19,900
Used Chevrolet Corvette
36 Great Deals out of 992 listings starting at $19,500
Used Chevrolet Camaro
32 Great Deals out of 345 listings starting at $10,500
Used GMC Sierra 1500
128 Great Deals out of 6,854 listings starting at $3,975
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.