Thursday, January 12, 2012

How can I negotiate a lower price on a used car being sold by a dealer, (not a private seller)?

I want to buy a used compact car and spend between $7,500 - $9,500. I've seen several cars advertised online by dealers and private sellers that come close to meeting my criteria, but I would prefer to buy from a reputable dealer (like Carmax or similar) that does a 100+ point mechanical/safety inspection. I know that dealers price cars above the Blue Book value to make a profit. So how can I negotiate the price down closer to my preferred minimum price of $7,500? Also, can anyone recommend online references/resources that provide advice on how to negotiate effectively with auto dealers, for either used or new cars? (I live in the Washington, DC/Baltimore, MD metro areas if that's relevant.)How can I negotiate a lower price on a used car being sold by a dealer, (not a private seller)?
The only reasonable response I have seen to your question is to check www.kbb.com or www.edmonds.com. Everything else is hogwash. These two webs sites provide you with a reasonable knowledge of what the car is worth and will provide you with trade in value, as well as, retail value. The dealers will have close to trade in value in the car plus their reconditioning costs. Get this info so you are not offering something that is completely unreasonable, and offer somewhere between trade in and retail. Make sure you are looking at cars that are within your price range of course.
Go to kbb.com and get the market value for the car.

Wait till the end of the month or near closing time, or both.

Find a similar car at another lot to use as leverage.

That will be your best odds.How can I negotiate a lower price on a used car being sold by a dealer, (not a private seller)?
tell them joey's crap cars down the street but you here they (the dealership you want to buy from) is more reputable so if we can't negociate then they will
Okay here we go .... if you want a cheap car then go buy UN-inspected and cheap --- if you want to have a descent ride then you gotta pay the dealers price and that is the way it works........ so you tell me you work for low money___ how can you expect the dealership to sell you a good car for peanuts and still inspect and clean the car%26gt;%26gt;%26gt;%26gt; and keep the dealership afloatHow can I negotiate a lower price on a used car being sold by a dealer, (not a private seller)?
Negotiating tips: http://www.usedcartips.org/index.html



But actually, $7k will nearly buy a new Kia, with a 10yr/100k warranty, according to ads here.



I used to work for a company that inspected Used Cars for the buyer, at their expense. We once worked with a local TV station, investigating classified ads for cars. The disappointing result was that 90% of the ads were run by resellers. Many posing as if they had owned the car for years. So first off be a serious shopper, don't get excited about appearances. I told people that when they called, or if you email, about an advertised vehicle, ask if the car is titled in the sellers state, in the sellers name %26amp; will they show you their ID %26amp; the title? If you get ANY answer but yes say T-Y %26amp; hang up, don't believe the BS stories about selling for a friend etc. Now as to car choice, watch for over-looked cars. For example, Mitsubishi, Suzuki %26amp; Subaru build solid dependable cars for a reasonable price, they are cheap used, because everyone thinks of the big players. In fact domestics can be a real bargain, if the mileage isn鈥檛 over 100k.



Beyond that, you can always bid low, if that actually let you walk, rare, come back next day to bid slightly higher or move on. Don't get excited about those "inspections" I worked at a dealership that hung those on every used car, but ran none through the Service Dept.; Sales dept. refused to pay for it.
Remember this: Nobody is forcing you to buy that car. There are many other cars just as good that you can buy. You tell the salesman "This is how much I'm willing to pay". He/she will either say yes or no. If they say yes, then you've got a deal. If they say no, you get out of your chair and head for the door.



More advice, go to the dealer the last day or two of any month, the salespeople have quotas and many will do whatever it takes to get the sale. Hope this helps.
See Kelly Blue Book or Edmonds.com
Just stick your your personal commitment to stay at or below 9500. Make the sales person spend a lot of time with you and show him you are serious. They will want to sell to you because you are serious and smart. There are a lot of dopes who will waste money. Don't be one of them.

Best of luck to you and yours.
Look the car up on KBB.com to find out its value. Once you have done that ask to see the dealers invoice so you can see what the dealer paid for the vehicle. They may give you a hard time about showing you the dealers invoice but trust me, they will show it to you! By looking at the dealers invoice you can tell whether or not they are trying to rape you with the price or if they are trying to make an honest profit. You can ue this invoice to talk the price down. If they aren't giving you the price you want threaten to leave and if that doesn't work...get up and walk away. Most of the time if you threaten to leave or start to walk away suddenly they can work miracles. Always make sure you are willing to get up and walk away from a deal and don't do anthing that makes you feel uncomfortable. Good luck!
you get what you pay for.
If you want to pay $7500 and its in the ballpark, tell the dealer "this is what I will pay" then shut up. The dealer will hem and haw, talk to his manager and all kinds of shenanigans. Walk out if he won't say yes or no. Tell him to call you if he wants to sell the car at that price. If your offer is reasonable, he'll sell.
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