When to stop pushing a for a deal.

"gmporschenut also a fan of hondas" (gmporschenut)
01/23/2016 at 01:03 • Filed to: None

I have been talking to someone about a purchase. The offer the guy said is close to the what seems to be the asking price of others. I told my dad it seemed fair and he goes offer for 75% of that. I don’t want to piss the guy off, by coming across as lowballing him and have him throw the item up on ebay. It just seems to be pushing too much. How do you know when to just accept a price?

Have some engine porn for your time.

Update: I accepted the guys price. I think it’s a fair deal. In a couple weeks New (to me) rims. Thank you for the advice.

DISCUSSION (11)

thedevilinside > gmporschenut also a fan of hondas
01/23/2016 at 01:09

I am low on experience, but I bought my Camaro at asking price. I watched the ad until he lowered it to a price I would pay. When I went to negotiate I offered 9% lower than current asking. Had planned lower, but before I first looked at the car he said don’t bother coming if I was going to offer less than a certain price. He said he wouldn’t budge and had someone else coming to look at the car that day. Now was that true? I don’t know but the price was fair so I took it.

I’d say talk to the person and see how low you think you can try, but don’t just go with a set %.

iSureWilll > gmporschenut also a fan of hondas
01/23/2016 at 01:14

75-80%is a good starting point. He says no, and if wont move off his price then raise yours a little. Stop when you think is best. Just show him you want to close the deal and see if he will work with you at all.

Dr. Zoidberg - RIP Oppo > gmporschenut also a fan of hondas
01/23/2016 at 01:26

There’s nothing wrong with paying the asking price if you believe it’s fair.

The unchallenged perception is: The seller assumes he’ll be lowballed [and wants to maximize profit], so he raises his price above what it should be. The buyer assumes the seller is dishonest and just trying to make a profit, so he offers noticably less than the asking price. At best, they meet somewhere close to a good value. What if we just avoided this crap and sold things at a reasonable price and just paid said price?

Dr. Zoidberg - RIP Oppo > thedevilinside
01/23/2016 at 01:29

Even if it was not true, he had a product you wanted at a price you were willing to pay. I’ve never bought anything like a Camaro, but I’ve paid asking price before. People assume they’re getting ripped off all the time, and everyone’s buddy always says shit like, “Offer him half” or whatever.

gmporschenut also a fan of hondas > Dr. Zoidberg - RIP Oppo
01/23/2016 at 01:46

I’m in that camp. I always hate when people try to lowball. My dad just goes it “doesn’t hurt”. I just feel it sours things.

Berang > gmporschenut also a fan of hondas
01/23/2016 at 02:23

If your offer is reasonable (ie. not something like 50% less) only an insane moron will be offended. Unfortunately, sometimes insane morons have stuff we want. Rather than basing your offer on a percentage, I would look up asking and sale prices of similar cars and use that as a guide. It never hurts to make a reasonable offer if you’re dealing with a reasonable person. Just don’t come across like you’re talking out of your butt because you’re cheap. Some people just throw numbers out because they feel like they’re going to get lucky, but that’s usually not a good strategy.

1111111111111111111111 > gmporschenut also a fan of hondas
01/23/2016 at 02:35

I love to barter. But know what you should be paying, ask a bit less than that, try to get what you want in a friendly way, walk away without regret if you can’t make it work. In very few circumstances its a one of a kind thing, so you can have another chance.

When I sell something I usually price it low ball because I’m done with it and don’t want to deal with it. I’ve had many try to lowball and only a couple walk away.

My bird IS the word > gmporschenut also a fan of hondas
01/23/2016 at 02:55

Haggling is the shittiest dance, but dance it we do. Definetly pick a price after you look at the car. Once you have a price, offer him less but do not under any circumstances go above your set price. Almost nothing is so rare you can’t find another in the next 6 months. The car I just bought is a perfect example, I told my friend ahead of time I won’t pay more than $3300, offered him 3 (this car had a $4,200 asking price) and he told me he wouldn’t take less than $3,400. Me and my friend just stared at each other. But I stuck to my guns and got it for $3,300, woulda walked away otherwise. It takes practice buying nice cars without acting all excited haha. I screwed the pooch on so many cars that way...

thedevilinside > Dr. Zoidberg - RIP Oppo
01/23/2016 at 10:13

Right, I meant to say this by “The price was far so I took it” I did pay asking price because it was fair for both of us. He was asking $11, I offered $10, he said no, I paid $11. Done.

SoftRoader > gmporschenut also a fan of hondas
01/23/2016 at 10:30

The seller is opening the door to haggling by not setting a firm selling price. I hate buying stuff this way. If they are going to make it a pain in the ass to make the transaction you sure as hell can bet I am going to take them for every penny in the negotiation.

Urambo Tauro > gmporschenut also a fan of hondas
01/23/2016 at 12:04

There’s a difference between a fair deal, a good deal, and a great deal. If you’ve ever sold a car, you know that you deserve to be paid what the car is worth, and that lowballers suck.

A fair deal is when the car’s inherent value is agreed upon by both parties. A good deal is when you pay less than the seller really should get. A great deal happens when the seller totally lowballs themselves. Out of respect for the seller, I think it’s insulting to push for anything better than a fair deal.

If their price is a bad deal, you should definitely try to talk it down. But honestly, when a seller lists a CP, I’m usually too turned off to even pursue the car. I’d have to fall very much in love with a car to pay more than what it’s worth.