Tact: Negotiating down to market value

Kinja'd!!! "webmonkees" (kayoteq-of-the-forest)
02/21/2014 at 07:01 • Filed to: None

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Looks nice, (being a Subaru )..but high miles, a bad wheel bearing and triple the Blue book value. That's a lot of negotiating room.

The bad bearing is going to scare some folks off, but that price? $900 est for Excellent, even dealer price tops out at $1100.. the owner's asking $2800.

If I bought the car, insured it, dropped it off a cliff, what would I get in value? $900.

So there's that.

But it's a 5-speed, and I'm getting burnt on looking at wonderful wagons only to find that rat maze lever in the center console.. you can hear my groans.

Or is the book value just some fantasy novel designed to con you out of your old car at the trade-in?

How do I get from their price to mine? (perhaps $400 over average retail for it being February and a Subaru. )


DISCUSSION (7)


Kinja'd!!! Straightsix9904 > webmonkees
02/21/2014 at 07:16

Kinja'd!!!1

I like to ask what the price they will take is. This normally whittles down a couple hundred. Then tell them that they normally go for xxx amount and this one has a bad wheel bearing and needs other things. Tell him where you would want to be on it because you still have to put a lot of Time and money into it. Negotiating down to 1/3 of what he is asking will be tough. But be nice, not demanding and if it doesn't work out. Make sure he has a tangible way to contact you and if he is that high, the car will be there for awhile.


Kinja'd!!! Meatcoma > webmonkees
02/21/2014 at 08:43

Kinja'd!!!1

If they are asking double bluebook, they believe it's value is more than what it really is and have ties to it in some other way. They are asking too much because in reality they don't want to get rid of it. You need to get them to acknowledge that it isn't worth what they are asking and get them to realize that it's only worth 1100 max. While you have a hard time thinking it's worth 2800, they have a hard time thinking it's only worth 1100. Good luck with that.


Kinja'd!!! Jeremy H formerly Kalakaboooom > webmonkees
02/21/2014 at 09:06

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Something that I like to do, is grab other ad's for the same car in the same generation (and hopefully same condition), and show them what the market is asking for them, and then if it needs work as well, I will price out all the parts it needs, and if they are willing to listen tell them all that would need to be done to fix it, if they aren't I give them how long it would take a shop to do it, and my favorite shops hourly rate. Sometimes it works sometimes it doesn't, but it is worth a shot, might help bring them back to reality.


Kinja'd!!! webmonkees > Jeremy H formerly Kalakaboooom
02/21/2014 at 09:23

Kinja'd!!!1

Problem is, technically, I suppose it is market value. For winter. That's the cheapest one that's running. Or chase down the $3500 Granny Special with just 90K and no issues other than the ones that occur when a car is driven less than 5K a year... but:

Kinja'd!!!

What the #$*#$ is that on the wheel hubs?


Kinja'd!!! Jeremy H formerly Kalakaboooom > webmonkees
02/21/2014 at 09:28

Kinja'd!!!0

No idea about those wheel hubs at all. And no idea why someone would put those wheels on that car.

Perhaps a way do to it would be to bring it to a mechanic shop and have they do a full and complete once over, find everything that is wrong and about to be wrong, it may give you a leg up. But in the meantime honestly I would keep looking, someone who is asking way more then what is worth, probably doesn't know cars too well and won't care either way.


Kinja'd!!! webmonkees > Jeremy H formerly Kalakaboooom
02/21/2014 at 14:15

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Yeah, the way my luck works, one will show up half a mile down the road.

Regarding the green one.. yep, it's a sales killer, those wheels. Useless. Which concerns me that they may have made over questionable 'improvements'. Granny was a hipster, it seems.


Kinja'd!!! Jeremy H formerly Kalakaboooom > webmonkees
02/21/2014 at 14:17

Kinja'd!!!0

Well, just hold out then man, just remember that 'perfect car' will never show up, just gotta get what you want, at the price you want.

But yeah those wheels are terrible, those wheels mixed with that scuff on the front bumper leads me to believe this person probably didn't take the best of car of the car under the hood