While I'm in Russia, I thought it would be a good time to catch you up on some of the great comments left here at Free Money Finance. But this time I'm going to do it differently. Instead of lumping all the comments on one topic in a single post, I'm going to just highlight one or two very good comments on a post and then comment on them. I think it will work better overall.
Here's a money saving tip from a reader who responded to my post on Ten Ways to Protect Yourself from Used-Car Sales Tactics:
Here's another tip for negotiating the actual price. Offer a low amount, get them to say "No", we can't do it at that price, and then walk out of the dealership. You can always return, but they can't be sure of that. You need to figure out what really is too low a price for the car and if you start out offering too much, or don't leave or plausibly threaten to leave, then you will miss out on this information.
Good tip. My dad, who's usually a pretty good negotiator, recently did this and offered a very low price on a truck. He thought it was very, very low. However, he was surprised and they accepted it. Obviously, he didn't go low enough. Lesson: be sure your offer is VERY low.
Comments