You might have heard about Cargurus or seen their ad and you wondering if the site is legit or just one of those fake sites. We will be sharing a short review on the company.
What Is Cargurus?
Well according to Wikipedia, “CarGurus is a Cambridge, Massachusetts-based automotive research and shopping website that assists users in comparing local listings for used and new cars, and contacting sellers.”
Langley Steinert, co-founder of TripAdvisor, founded CarGurus (Nasdaq: CARG) in 2006 in Cambridge, Massachusetts after he saw an opportunity to create a better car-shopping experience using technology and data analytics.
The business began as an automobile community site where customers could post reviews and queries about local dealers, shops, and car kinds. Dealers expressed an interest in advertising on the site, so the company modified its business approach to connect dealers and consumers by putting inventory on the site.
How Does it Work?
CarGurus analyzes and compares automobile pricing and attributes using algorithms. Users can look for specific vehicles in their area and compare listings based on pricing, features, and dealership reputation.
In addition, the organization provides a conversation platform for automobile fans and automotive specialists to pose questions, offer insight, gather and exchange information, and provide evaluations.
It should be noted that CarGurus does not have a physical inventory and does not own the vehicles featured on its website. Instead, it offers a tailored approach to shop for new and used automobiles at numerous different car lots in your neighborhood.
You may achieve this by pre-qualifying for a car loan and getting a price quote from CarGurus. Then you call the dealership with your quote and schedule a test drive and/or buy.
You may use CarGurus to look for new and used automobiles, as well as to determine the value of a vehicle before buying or selling it.
The Best Part: For a price of $4.95, you may also advertise your own automobile for sale on the website for 30 days. Once you’ve found a buyer, you can complete the purchase securely with CarGurus Pay.
Is Cargurus Legit?
Now back to the question.
Yes, Cargurus is Legit and safe to use. The company ranked on the Inc. 500 Fastest Growing Private Companies in 2011 – 2013, and the Inc. 5000 in 2014 – 2016. It was also named as part of Forbes‘ Most Promising Companies list in 2015.