Negotiating The Price Of A Used Vehicle : As a Buyer
Negotiating The Price Of A Used Vehicle : As a Buyer
You have found your perfect vehicle that you want under your established budget; the catch being you are purchasing a used vehicle so you can’t dabble into paying immediately for it as you would for a brand new vehicle. What has been listed in the vehicle’s information may not always be the full story greatly varying the price depending on the condition of the used vehicle. For any buying experience, the first priority would be to settle for the lowest price possible, which is why we negotiate, specially in the case of used vehicles.
Research the price in the market: Stay ahead in the game and let the other party know that you have an certain level of vehicle expertise. You never want to settle for the said price without knowing if it really is worth paying for. Since you’re trying to set a deal for a used vehicle, show that you’ve done your side of the research for its brand, model, its price in the new and used market, any other options to play.
Browse for options: There is a possibility luck may not be in favor, whether it is because of the car’s extreme conditions, or the seller is adamant on not lowering the price, or the vehicle does not live up to its advertised expectations. While researching price deals on the market, you might as well look for other vehicles incase you don’t bag the first one. Its always better to have a second option in mind with an equally good deal.
Ask for a test drive: The exteriors and interiors look crisp and fine to your satisfaction but what about the compatibility when you drive the car. Is it comfortable? Does it ride as smoothly? How easy are the ABCs (accelerator, brake and clutch)? Is it easy to handle the gears and other functions of the vehicle while you’re driving? Taking a test drive on different types of roads is the way to go, to test whether this vehicle is the one for you since, you will be owning it and driving it for a long time.
Hire your mechanic: You have every right to perform an inspection on the car even after a test drive since it is an asset you will be owning for a long time. You can hire a mechanic you know to assess the condition of the vehicle and detect potential defects or anything that requires maintenance that the owner may not have told you about. This saves you certain amount on the vehicle depending on the expected cost of repairs will be for you later.
It's perfectly appropriate and expected—for you to negotiate while buying a used vehicle. The seller you are dealing with understands that you want a good deal, just as you understand that the dealer needs to make a profit from its old flame. When you tell the seller your desired price up front, they have the option to counteroffer—or they may agree to the lower price you propose. It's all part of the normal auto-buying process, and a little back-and-forth is worthwhile so you can be assured that you received the best deal on your new car.
What do you think of these advices to negotiate a car price? How practical are they? Do you have any other tips or advice that will be helpful to buyers? Let us know your thoughts in the comment box.
Photo by Cytonn Photography on Unsplash
Research the price in the market: Stay ahead in the game and let the other party know that you have an certain level of vehicle expertise. You never want to settle for the said price without knowing if it really is worth paying for. Since you’re trying to set a deal for a used vehicle, show that you’ve done your side of the research for its brand, model, its price in the new and used market, any other options to play.
Browse for options: There is a possibility luck may not be in favor, whether it is because of the car’s extreme conditions, or the seller is adamant on not lowering the price, or the vehicle does not live up to its advertised expectations. While researching price deals on the market, you might as well look for other vehicles incase you don’t bag the first one. Its always better to have a second option in mind with an equally good deal.
Ask for a test drive: The exteriors and interiors look crisp and fine to your satisfaction but what about the compatibility when you drive the car. Is it comfortable? Does it ride as smoothly? How easy are the ABCs (accelerator, brake and clutch)? Is it easy to handle the gears and other functions of the vehicle while you’re driving? Taking a test drive on different types of roads is the way to go, to test whether this vehicle is the one for you since, you will be owning it and driving it for a long time.
Hire your mechanic: You have every right to perform an inspection on the car even after a test drive since it is an asset you will be owning for a long time. You can hire a mechanic you know to assess the condition of the vehicle and detect potential defects or anything that requires maintenance that the owner may not have told you about. This saves you certain amount on the vehicle depending on the expected cost of repairs will be for you later.
It's perfectly appropriate and expected—for you to negotiate while buying a used vehicle. The seller you are dealing with understands that you want a good deal, just as you understand that the dealer needs to make a profit from its old flame. When you tell the seller your desired price up front, they have the option to counteroffer—or they may agree to the lower price you propose. It's all part of the normal auto-buying process, and a little back-and-forth is worthwhile so you can be assured that you received the best deal on your new car.
What do you think of these advices to negotiate a car price? How practical are they? Do you have any other tips or advice that will be helpful to buyers? Let us know your thoughts in the comment box.
Photo by Cytonn Photography on Unsplash
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