
Negotiating Tips
Being a good negotiator doesn’t have to be difficult. Sooner
or
later everyone has to negotiate with someone if they want to get
a good
deal on a purchase... especially on new 2008 cars.
When you are trying to negotiate with a car dealer, you should
know that they are very practiced in the art already. You will
need to
know how to get through their “car speak” in order to be
successful.
Since you now know how to calculate your offer and already know
what the dealer paid for it, you should obtain a copy of the
paperwork
from a friend that recently bought a car, so that you can become
familiar with what you will see on your paperwork. They are all
generally the same.
If you’ve followed the afore mentioned tips, you will also be
pre-approved
for a loan before you start to shop. The key is for you to get
in and out of the
dealership as quickly as possible because the salesman will
definitely
find more loopholes to inflate your charges if you stay.
Here are a few tips to successful negotiating.
- Remain positive and confident.
- Don’t talk down to your opponent.
- Show up prepared and ready to counter anything that may come
up.
- Bring ads from other dealerships with you as an extra weapon.
- Finance your loan before you arrive at the dealership
to avoid paying unnecessary extra fees.
- Bring a friend with you for extra support.
Something that you should look out for from salesmen is the
extra
little tricks that you will likely encounter that will try to
force or
rush into a buying decision. You have to remember that they are
trying to negotiate you into paying more money just as you are
trying to negotiate paying less. Here
are some of the things that you can expect to hear from them.
- “These cars are flying off of the lot. It may not be
available
for the same deal tomorrow”. (Threaten to leave and they will
ease up
and try to change their strategy)
- “This deal is only good for today. If you come back tomorrow
I
can’t guarantee that the deal will be the same”.
(Come back tomorrow and see what he has to say).
- “I’m an honest man. Look at how many cars I’ve sold this
weekend” (This is where he will show you his list of sold cars.
If he
does this, ask yourself why this should matter to you).
- “I hate to tell you this but I have another offer on the
table from a man that is willing to pay more money than
this. I am just waiting for his paperwork to be returned”.
(Tell him that if he promised the car to someone else, you
don’t want to step on someone else’s toes and that you will
just go somewhere else).
- “To cover the overhead costs, we have paid $13,000 for this
car
(Just check your paperwork in your folder and prove them wrong).
Take your time and make a decision you can live with. This is
your decision, don't let emotions get in the way of smart
decision making.
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