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Negotiating a price

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  1. swizbeatz swizbeatz is offline

    MI
    United States

    Posts: 2,711
    Joined: Jan 07

    Jun 16th, 2010 (6/16/2010 7:36pm)

    This applies to many things but in my case more to a car. I found a car for sale that I want to buy. Dudes asking price is realistically not too high, but Im hoping to get it for less because of the economy (its a 30k car) and because I have cash.

    What is the best way to get it for a lower price? Do I offer less than Im sure he will take and try to find somewhere in the middle? Lay it out there I have cash today, will you take x amount less?

    Ive never purchased something this big on my own before, any help is appreciated.
  2. EyeKnows EyeKnows is offline

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    Jun 16th, 2010 (6/16/2010 7:39pm) in reply to swizbeatz

    everyone's asking price has wiggle room, shoot him a number, he'll shoot a number in between, read him, you'll know what his bottomline is and then make your "last" offer and shake hands, gl sir.
  3. Acpittboss Acpittboss is offline

    Litchfield, MN
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    Jun 16th, 2010 (6/16/2010 7:55pm) in reply to EyeKnows

    just show him your wad of hundos and say will you take XXXXX cash now if not walk away, he will call you back
    Edited By: Acpittboss Jun 16th, 2010 at 07:56 PM
    Reason: Money talks
  4. Moonlight Graham Moonlight Graham is offline

    PA
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    Jun 16th, 2010 (6/16/2010 8:06pm) in reply to Acpittboss

    If it's a newer car, he prob. owes money on it still. Try and find out what he owes aka his bottom line. Then see if you can get a detter deal somewhere else.

    Being educated is the best tool for negotiating.
  5. TXGal141 TXGal141 is offline

    TX
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    Jun 16th, 2010 (6/16/2010 8:06pm) in reply to Moonlight Graham

    Everything I ever wanted to know in life I learned from watching Pawn stars.
  6. cchan cchan is offline

    Urbana, IL
    United States

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    Jun 16th, 2010 (6/16/2010 8:07pm) in reply to TXGal141

    if it's an used car.

    saying you have "cash" doesn't really make a difference.

    Everyone does.
  7. Friendly Fire Friendly Fire is offline I'm a pos spammer. The mods have removed my PMs and will ban my account if I continue spamming.

    Dublin
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    Jun 16th, 2010 (6/16/2010 8:09pm) in reply to EyeKnows

    This link has the best info for buying a car imo...

    http://www.irishtimes.com/newspaper/...257549944.html
  8. Shagadelic Shagadelic is offline

    New York City, NY
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    Jun 16th, 2010 (6/16/2010 8:12pm) in reply to Acpittboss

     
    Originally Posted by Acpittboss View Post

    just show him your wad of hundos and say will you take XXXXX cash now if not walk away, he will call you back

    Or the easiest way to get your wad of 100's jacked???
  9. bluefin bluefin is offline

    Apo, AE
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    Jun 16th, 2010 (6/16/2010 8:12pm) in reply to Friendly Fire

    It's a car, so don't fall in love with it. Make sure your able to walk away.

    Tell him your price, give him your number and tell him to call you if he wants to do this deal.

    By the way, what kind of car?
  10. Willywoo Willywoo is offline

    Colorado Springs, CO
    United States

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    Jun 16th, 2010 (6/16/2010 8:13pm) in reply to swizbeatz

    Be very careful buying a car from a private party. Make sure you get a carfax and have it check out thoroughly by your mechanic before you buy it. If he has a problem with you taking it to your mechanic run the other way fast. Also, most auto repair shops keep all their records online or a database of some kind. Ask him where he had it serviced and get the records. 30k is a lot to spend on a car. Make sure it is what you think it is.
  11. conartist21 conartist21 is offline

    San Francisco, CA
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    Jun 16th, 2010 (6/16/2010 9:19pm) in reply to Willywoo

    cash = king...

    make it rain and he has to bend...itz da rulez

    edit: pics or gtfo
    Edited By: conartist21 Jun 16th, 2010 at 09:20 PM
  12. swizbeatz swizbeatz is offline

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    Jun 17th, 2010 (6/17/2010 3:37am) in reply to cchan

     
    Originally Posted by cchan View Post

    if it's an used car.

    saying you have "cash" doesn't really make a difference.

    Everyone does.

    Not exactly, like I said hes askin 30K so most people will look at the car before going through the process of getting a loan, and will often be denied.

     
    Originally Posted by bluefin View Post

    It's a car, so don't fall in love with it. Make sure your able to walk away.

    Tell him your price, give him your number and tell him to call you if he wants to do this deal.

    By the way, what kind of car?

    Its an 05 m3, wish I knew how to post pics from my gfs piece of shit mac.
    Thread Starter
  13. Papa Fish Papa Fish is offline

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    Jun 17th, 2010 (6/17/2010 4:03am) in reply to swizbeatz

    always do your research, shop around and be patient. Dont jump at the first car you see. Are you willing to travel to get it? sometimes that the best way. My friend just found an 04 m3 in denver ( i live in phx) he got a smoking deal on it (14k) it was in excellent condition, the only bad thing was it had 90k miles on it, to him it was worth it tho and he absolutely loves it.
  14. s1nnr s1nnr is offline will stab you

    Philadelphia, PA
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    Jun 17th, 2010 (6/17/2010 4:18am) in reply to Papa Fish

    be ready to walk away... offer what significantly lower than what u think is fair... then give a little... but BE WILLING TO WALK AWAY!!!
  15. louiemdj louiemdj is offline

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    Jun 17th, 2010 (6/17/2010 4:32am) in reply to s1nnr

    I wouldn't buy a used car for 30k. If you have that much cashe to spend go buy a new car or put the 30k down and get 0% financing for the rest. You can get some pretty nice cars new in that range.
  16. curiousgeorge curiousgeorge is offline baby duck hat

    Las Vegas, NV
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    Jun 17th, 2010 (6/17/2010 6:43am) in reply to louiemdj

    go buy a slightly less luxury car brand new straight cash homey
  17. spooooonger spooooonger is offline

    Irvine, CA
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    Jun 17th, 2010 (6/17/2010 7:04am) in reply to curiousgeorge

    It never ceases to amaze me how people are ok spending 30k on a car. Do you realize it is a car and does the same thing as a 10k car? Do you think other people really care about what kind of car you drive? I could understand how if your making 250k+ a year then 30k is nothing but then again if your making that much why would you be buying a used BMW anyways? I guess my bitterness comes from everybody in orange county driving their bmw's and mercedes but still living in little shitty apartments. 90% of those people are probably in so much debt they will live in an apartment the rest of their life. Save the money or invest it in an appreciating asset like a home, mutual funds, etc.... /RANT
  18. ttplaya ttplaya is offline

    Houston, TX
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    Jun 17th, 2010 (6/17/2010 7:17am) in reply to spooooonger

    yo snooooger chill out bro
  19. ntanygd760 ntanygd760 is offline

    Fort Drum, NY
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    Jun 17th, 2010 (6/17/2010 8:25am) in reply to ttplaya

    lol dont hate on him for having the cash to buy it. It would be one thing if he was taking out a 25kloan on a used car but he has the money so go for it. M5s are nice, hopefully not the convertable, soft tops blow
     
  20. swizbeatz swizbeatz is offline

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    Jun 17th, 2010 (6/17/2010 1:57pm) in reply to Papa Fish

     
    Originally Posted by Papa Fish View Post

    always do your research, shop around and be patient. Dont jump at the first car you see. Are you willing to travel to get it? sometimes that the best way. My friend just found an 04 m3 in denver ( i live in phx) he got a smoking deal on it (14k) it was in excellent condition, the only bad thing was it had 90k miles on it, to him it was worth it tho and he absolutely loves it.

    I hear you, ive been looking for almost a year straight now. This one is in great condition, 35k miles. Obviously going to pay for an inspection before purchase as well.

     
    Originally Posted by louiemdj View Post

    I wouldn't buy a used car for 30k. If you have that much cashe to spend go buy a new car or put the 30k down and get 0% financing for the rest. You can get some pretty nice cars new in that range.

    What new car would you buy for 25-30k?

    Splooooger, i hear you partly I would never shell out 60 k for a plain new 5 series. Thats why Im buying a used car with low miles for less than half the sticker price. Its not much different than a 10k car but ever since my last car got stolen Ive wanted to get back into something fun to drive with a manual trans. Def waste of money but even if I put on 10k a year for 4 years its still gonna be worth ~20k when I turn around and sell it to upgrade into something better.
    Thread Starter
  21. Bong BrOke Bong BrOke is offline need new bong

    Fort Lauderdale, FL
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    Jun 17th, 2010 (6/17/2010 3:31pm) in reply to swizbeatz

     
    Originally Posted by swizbeatz View Post

    Its an 05 m3, wish I knew how to post pics from my gfs piece of shit mac.

    Thats a sick car you'll love it and if you have the money fk it go for it! I bought a used Bimmer earlier this year too and its so much fun to drive so I can imagine a 05 M3 would be unreal.
  22. gutbirdxx gutbirdxx is offline

    Spokane, WA
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    Jun 17th, 2010 (6/17/2010 3:50pm) in reply to TXGal141

     
    Originally Posted by TXGal141 View Post

    Everything I ever wanted to know in life I learned from watching Pawn stars.


    Although I'm in construction equipment sales and do this kind of thing every day, this is the first thing I thought when I read OP. Pawn Stars is the shit. When I'm on the selling end, I know where I need to be to make money and sell it at a fair price to the customer.

    Don't go in with a goal of talking him down a little. Do your homework and go in with a specific price that you're willing to pay. Negotiate your way to your price. Enjoy your new ride.
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