Why You Shouldn't Sell a Tesla to CarGuru

CarGurus launched its Instant Max cash offer system last summer (2021), hoping to capitalize on the growing movement of consumers who want to buy and sell cars entirely online, and dealerships signed up for the program. has started doing.

It’s not a bad idea, really. Getting an instant cash offer for your Tesla completely online beats taking it to a dealership and trying your best bargaining skills at a car dealer.

But there are a few things you need to know about the CarGuru online instant offer for your used Tesla. Let’s take a look at why the CarGurus system is “the .” may fall short of their claim for best offer immediatelyHow can you really find the best offer when it comes to Tesla, and when you’re ready to sell.

Selling Tesla Online: CarGuru is a Common Middleman

CarGurus has traditionally been an online listing service used by car owners and dealers alike. We like to think of them as car-selling jack-of-all-trades, which means they’ll let you list Cinderella’s magic pumpkin if it had a motor and a VIN. They are everyone friendly and have focused their business on providing an online marketplace in the fast growing digital world. All for a handsome fee.

While they have most of their experience selling cars with internal combustion engines, CarGuru has been doing a bit more business with electric vehicles (EVs) lately. They’ve adapted some of their listing language to accommodate EVs, and their dealers, buyers, and sellers benefit from at least some awareness of what’s important and what’s not on an EV.

Since they are traditionally a listing service, how does the CarGurus Instant Max offer system work when you want to sell a used Tesla? Well, like most other cash offer systems, it depends on the dealerships who have signed on to the CarGurus network.

Dealerships added to the CarGurus matrix respond to the offer system immediately after you enter your information. Any type of dealership, with any type of experience level, can give you an offer on your car if they are part of the CarGurus network. It would be great if you were getting an offer on Honda from a Honda dealership, but it’s not so great if the Honda dealership wanted to try their hand at buying your used Tesla.

At Find My Electric, we don’t bother adding dealerships to our offer network until they’ve done their homework on all things Tesla, while a CarGuru dealership is still trying to figure out which plug-in hybrid How to charge

But CarGurus will rate your offer so you can tell if it’s a good or bad deal, right? Not really, thanks to how they use their rating system to potentially keep you from researching reasonable offers.

IMV: How CarGuru Keeps You From Doing Your Research

CarGurus likes to let you know if the sale price for your Tesla is good, reasonable, or higher. However, they don’t like to tell you how they came to this conclusion. And for good reason, because it sounds a bit shady: The IMV (Instant Market Value) is based entirely on CarGurus’ own data generated from their own site.

While it looks like they are doing market research, they are only researching their own market. IMV does not provide an accurate market picture as it only references past CarGurus sales.

Additionally, Cargurus instant offers are not as transparent as the offers you get from online listings; You won’t know which dealership is interested in your car, just that there is at least one CarGurus Matrix dealership in your area. The only offers you’re looking for are what CarGurus decided it’s worth the most To those. This basically means that the dealership with the best customer relationship with CarGuru gets the right to make you an offer, whether it is the best offer for you or not.

At the same time, CarGurus tells you that the Max Cash instant offer is a good deal for your Tesla by IMV. In other words, CarGurus may be trying to convince you that you are getting a great offer from one of their dealership customers based on other prices in their own market. Seems like a conflict of interest, doesn’t it?

Tesla Technology: CarGuru is no expert

We have already mentioned that the dealerships associated with CarGurus come from anywhere if they are willing to pay the membership fee. This means that none of the offers you receive have any guaranteed EV or Tesla expertise behind the keyboard.

Does CarGurus give you the appropriate values ​​for your autopilot software and hardware configuration? If the filtering options on their Tesla listing are any indication, they don’t see Autopilot as an important feature of the car at all. The software may be important enough to write in the dealer’s text description, but it’s not helpful when you want to filter for a Model S used with an AP 2.5 or AP 3. And if the listing side doesn’t care what options your Tesla has, it’s likely that the Max Cash Instant Offer side doesn’t care either.

When Tesla’s technology used has little guaranteed value in the CarGuru Cash offer, you’re also very unlikely to get a fair price for your Tesla’s unique transferable benefits, such as free unlimited supercharging. And you can forget the added value for rare options and limited paint colors like Signature Red.

The reality is, it’s hard to tell whether Cargurus dealerships have any experience with Tesla technology and options. You really won’t know what value your Tesla is going to put in your offer.

When we add a new dealership to the Find My Electric dealer network, we ensure that they are fully verified and verified. Everyone is an EV dealer who knows their stuff when it comes to Tesla, and you can rest assured that they can see the value in your Tesla’s hardware, software, and everything else that makes your Tesla unique.

Location, Location, Location: Who can use CarGuru Max Cash Instant Offer?

As of November, 2021, CarGurus Max Cash Offer is not available in all states. Before CarGurus can actually provide fully online sales in the US, more dealerships will need to be added to the lineup. Since CarGurus itself is not a dealership, they do not have any inventory. Physical pickup and drop-off locations still matter for cars and still require coordination.

Currently, the CarGurus Cash Offer is limited to Florida, Texas, Massachusetts, Georgia, Pennsylvania, Connecticut, Rhode Island, Michigan, Arkansas, Delaware, Illinois, Indiana, Iowa, Louisiana, Missouri, Nebraska, New Jersey, Tennessee, Virginia and California. Washington DC Good for those states, very bad for someone else. Well, the Find My Electric network spans across America, because we don’t like the idea of ​​leaving anyone out.

In addition to your location, CarGurus uses a few other factors as grounds for not generating citations. Age matters, as older cars with no warranty and use are less valuable, and there’s another consideration: the presence of aftermarket mods.

Leave mod at the door: later modifications are not welcome

One of the frequent problems with many instant offer sites is that most have no desire to deal with cars that have aftermarket modifications. Even if you’ve invested a fair amount of time and money into aftermarket mods for your Tesla, CarGuru, and others like them, it can be easy to say “no thanks, sell it yourself.”

So if the dealerships in the CarGurus network don’t give you an accurate outlook on pricing, don’t want your mods, and don’t know exactly how to value used Teslas, where can do You are going to sell Tesla 100% online?

Here, actually.

Find My Electric: Best Tesla-Informed Instant Cash Offers

We provide a market place for Tesla’s amazing vehicles.

And all. Just Tesla. No other brand, no other car.

While listing your Tesla is the best way to get the most value for your car, not everyone has the time or confidence to sell privately. We’re known for our Tesla-informed listing service and Tesla-focused filtering, but we also offer an option for instant cash offers that make sense for Tesla owners.

When your buyer understands what you are selling, you will get the best offer for your Tesla. find my electric instant cash offer The system puts you in touch with our network of dealers, who have been vetted and verified by the Tesla experts we’ve used.

We’ve interviewed every dealer in our network on all things Tesla, so you can get a truly Tesla-informed offer when you submit a request. This knowledge extends to Tesla technology, options, features and major brand aftermarket modifications.

We let our dealers compete against each other so that you can get the best offer from them. This means there is no special membership treatment for them, and the highest possible offer results to you.

Ready to investigate the best place to find the best price for your Tesla? Take Find My Electric’s instant cash offer for a test drive today.

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