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4. Next step, yes you guessed it! Now you get to make your
offer to the dealer, be prepared to hear the noise they always
make by sucking air in through their teeth, now the most
important thing is to resist smacking them, no matter how
difficult it is.
This is a tricky step and the offer
that you ultimately make will no doubt differ from person to
person, depending on your financial position. It is recommended
that you start at $4000-5000 less than the price the dealer has
offered. This might come as a surprise to most dealers, but
keep your ground and show them all the facts and figures you
collected from the different online sources. They might argue
and try to raise you up a little bit.
Well, going $1000-2000 higher won't hurt if you really want
the car. If the dealer still doesn't agree, then move on.
Remember not to let the dealer patronise you, you're both
equals here!
Dealer Negotiating Tactics
- A very common trick
played by some salespersons is to have to ask a sales managers
permission. Don't allow them to ask anyone else after that,
otherwise you will keep repeating your offer to everyone
without ever settling down.
- Sometimes they make
you wait for a long time before they tell you their final
decision. This tactic works very well if you are not aware of
it. Be prepared, take along some reading material or your
laptop and make the best use of your waiting time.
- If one person is
unable to bring you to terms, they change the negotiator. The
succeeding negotiator - mostly the sales manager
- might be hot-headed, quick on making decisions and God
knows what else. So, again be prepared for this unexpected turn of
events. Keep your documents ready and face the new
negotiator with confidence.
- Sometimes they tell
you a low price on the phone and when you actually go there to
make the deal, they move higher. You should never let this
tactic work, no matter how far you travelled.
- Another common trick
used by car dealers is to ask for a check before making a deal.
This shouldn't be necessary, since there could be only two
possible outcomes of this deal - either you buy the car or you
leave. Other Issues Some other issues that should be dealt with
while negotiating to buy a new car are listed below:
- Don't fall for the
add-ons many car dealers offer by calling them 'packs'. They
are usually things not related with the functionality of the
car, but are somewhat attractive. If you want them, you will be
able to buy them from other retailers at much lower rates.
Similarly, don't buy unwanted warranties and ask them to
subtract their price from the overall cost.
- Remember that not all
cars are negotiable. If you have tried many dealers and always
gotten the same price then just go for it. There is simply no
better deal available or possible for
this particular vehicle.
- If you have been able
to negotiate a fair price on a new car with a dealer, you will
be asked to give a deposit to hold the car. You cannot get the
car on the day of buying it, because they will need some time
to prepare it and make any changes you've requested. Use a
credit card to pay this deposit rather than a check.
- Try these tactics
once, even if you are doing a fun survey on car prices and
other dealer issues. If you are actually planning to buy a new
car, then the above information is sure to come handy once you
have chosen the make and model. Just relax and don't
overcomplicate things. Good luck with your negotiation with a
car dealer!
About the author:
Dennis runs Car
Dealer. Check which has independent Car
Dealer Reviews written by the car dealerships customers and
information on Car Buying
Tips.
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