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Negotiating and Purchasing a car – How do you get a great price on an already good priced car?

Question by Allison Stewart: Negotiating and Purchasing a car – How do you get a great price on an already good priced car?
I am looking at a nice used car (2006 Volvo S40 with 35k miles on it). It is priced right on for mid-low retail (13,000) and is on the showroom floor of a used car dealer. I don’t want to pay there asking price, although it is advertised as having been reduced. Very nice car, how would you recommend I get the price down $ 1000 or so?

Best answer:

Answer by Katelynn Owen
I went to a Karrass Negotiation seminar a couple years ago, and their negotiation “techniques” have really stuck with me. When it comes to buying a used car, these are the ones that I remember as being the easiest to use…Ask the dealer if that’s the best they can do, that you’re ready to buy the car, but you just can’t go over 12,000, is there anything they can do to help you out? If they stick firm with the 13,000, or only drop it a little, ask for concessions, free oil changes/maintenance, car washes, different payment plans, etc. that’ll make it worth it to you but won’t cost them much.Testing the Price – look at the price and say to yourself: Thats the most the seller or merchant wants. I wonder what the least they will take is? Even in a big name store you can ask for a price reduction, because if you dont ask you certainly will not get it. You may not get an outright reduction, but you may try to get some concessions. (karrass/blog/is-that-a-fiNibbling – In sales, nibbling is effective because most sellers dont want to lose out on a sale over small things. They are willing to throw in what the buyer is asking at cost or free in order to close the deal. (karrass/blog/care-for-a-nBest of luck!

What do you think? Answer below!



 

3 Users Response In " Negotiating and Purchasing a car – How do you get a great price on an already good priced car? "

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Who Me says in January 27th 2011 at 10:14 pm    

Try offering 12, and if they say no, say thank you start walking out. I will bet they will take it.

Scott W says in January 27th 2011 at 10:43 pm    

Have money in hand to prove you mean what you say or have a letter from ur bank saying you are pre approved fro the money and are ready to make the deal go through.I dont think they will come down to $ 12000.00 but maybe 12,500-12,700.00.

meg says in January 27th 2011 at 11:35 pm    

Make sure that the 30,000 mile service has been done, it can cost over $ 500. I once bought a car with 34000 miles on it thinking it was a good deal but then I got suck with a bill for the service .

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