Haggling with a dealer can be fun, especially on a used car. They likely paid 75% of what they are asking, maybe even less if it was a trade in, so there is usually a lot of room to move. My Dad just traded in his Sienna, Toyota mini van, on a brand new one. They got 8k for it, it needed some basic work done, high Kim's etc... All the dealer did was clean it up nap slap a price tag on it of 14k.
A salesman will also take any reasonable offer to management, he wants the sale more then anyone. My buddy just sold an 09 Tahoe and the first offer he presented was 8 thousand under list price and ended up selling it for 5 thousand less the it was listed for. The dealer then made up for it by selling all the service packages, loan insurance and all the ad on/ up sell crap.
A private deal is obviously different but I got this advice from a friend and did it when buying my trailer. Get a bank draft made out for two thousand ( or thereabouts) less then the asking price, get it for what you want to pay. Then take extra cash for what you are willing to pay. When or if they turn down the bank draft, ask them how much more cash it will take? Then pay what you are comfortable with.
My trailer was listed for 12k which was a decent price. Phoned the guy and offer 10 over the phone, he said no, I then told him I wanted to come see it. I went with a bank draft for 10k and 1500 cash. I looked at it again and told him I wanted it and gave him the bank draft, he said that it wasn't enough. I asked him how many 100's (dollar bills) he needed to go with it he told 5 so I gave home another $500 and it was a done deal. *Except I took my afore mentioned friend along and he laughed and said I better give him another one cause I had "at least five more in there". So i did, it was still a good deal and it made both of us laugh.
__________________
The only thing better then a glass of beer is tea with Ms McGill
Last edited by Derek Sutton; 11-10-2013 at 05:15 PM.
|