Haggling down on a used car in CA.
Hi guys,
How much would you expect to haggle down on the window price on a used car from a dealer or a private seller? 5%? 20%? Do you need to site issues with the car (tyres, undisclosed trim damage) to get a discount? Thanks all :thumbsup: |
Re: Haggling down on a used car in CA.
Originally Posted by joylove
(Post 10234984)
How much would you expect to haggle down on the window price on a used car from a dealer or a private seller? 5%? 20%? Do you need to site issues with the car (tyres, undisclosed trim damage) to get a discount?
Ian |
Re: Haggling down on a used car in CA.
Originally Posted by joylove
(Post 10234984)
Hi guys,
How much would you expect to haggle down on the window price on a used car from a dealer or a private seller? 5%? 20%? Do you need to site issues with the car (tyres, undisclosed trim damage) to get a discount? Thanks all :thumbsup: You could get it checked out by a mechanic. That way you'll know if the vehicle needs any work. Use CarFax: http://www.carfax.com/entry.cfx |
Re: Haggling down on a used car in CA.
You don't need to give any reasons. Figure out what you want to pay and then tell them that's what you want to pay. If they don't go for it, walk away. If you don't want to walk away then your original value wasn't what you really thought was a fair price. Always be prepared to walk away but leave your contact details and let them know that you will still be interested at that price. There is a good chance that at the end of the month when they need sales you'll get a call agreeing to the price.
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Re: Haggling down on a used car in CA.
Originally Posted by Duncan Roberts
(Post 10235082)
You don't need to give any reasons. Figure out what you want to pay and then tell them that's what you want to pay. If they don't go for it, walk away. If you don't want to walk away then your original value wasn't what you really thought was a fair price. Always be prepared to walk away but leave your contact details and let them know that you will still be interested at that price. There is a good chance that at the end of the month when they need sales you'll get a call agreeing to the price.
In addition to KBB, check Edmunds and NADA as well. IME, if you can't come to a price agreement within a few minutes, walk away. It's just not worth getting bogged down into an extended discussion. And to help you, be aware that they may not be willing to sell for a fair price. You can use google to get into the details, but the bottom line is that you work out a fair price from your end with a little research, and either they are truly willing to deal with you on a given day, or they are not. |
Re: Haggling down on a used car in CA.
And don't get bogged down by the silly games of the monthly payment options that they rather talk about than total price...helps if you've got your own finance or cash options, but don't let on till you've agreed a price because they get good commission from their own finance so that's why they're sometime willing to drop the original price to look better about the deal.
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Re: Haggling down on a used car in CA.
KBB and/or Edmunds give you the "invoice" price, at which the dealer allegedly gets the car from the manufacturer. That is usually about the lowest you can go (the dealer gets other kickbacks, it's not really the dealer's cost).
But also check for rebates on offer from mfr (also online sites give this). This time of year and next couple of months are good for bigger discounts on 'last year's model', as dealers are now clearing out showrooms for 2013 model cars. If you are not so fussy with colors and trim, you can get a great deal on the last few cars they need to clear out. now I see you mentioned used cars... oh well! |
Re: Haggling down on a used car in CA.
I didnt know anything about buying a used car before I got my first one, so I did a lot of research. I used to be a sticker price kind of guy. Anyways here are some tips I learned. Bought a $21,000 car for $16,800 which isn't bad considering how bad I was at haggling.
See if some of these tips I learned help at all. Again I'm by no means an expert, so if someone knows better, jump in. |
Re: Haggling down on a used car in CA.
Wow, some great responses. I will try to reply to you all.
Originally Posted by ian-mstm
(Post 10235040)
First, I'd check with Kelley Blue Book (kbb.com) and go from there. In the end, if you feel you're getting a fair price for the car, go with it.
Ian
Originally Posted by markwm
(Post 10235078)
Offer what you feel the car is worth to you. If that's 20% less than they're asking they'll either laugh at you or come back with a counter. If they come back with a counter then you know you are close. If they laugh, you are far away.
You could get it checked out by a mechanic. That way you'll know if the vehicle needs any work. Use CarFax: http://www.carfax.com/entry.cfx
Originally Posted by Duncan Roberts
(Post 10235082)
You don't need to give any reasons. Figure out what you want to pay and then tell them that's what you want to pay. If they don't go for it, walk away. If you don't want to walk away then your original value wasn't what you really thought was a fair price. Always be prepared to walk away but leave your contact details and let them know that you will still be interested at that price. There is a good chance that at the end of the month when they need sales you'll get a call agreeing to the price.
Originally Posted by AdobePinon
(Post 10235178)
+1.
In addition to KBB, check Edmunds and NADA as well. IME, if you can't come to a price agreement within a few minutes, walk away. It's just not worth getting bogged down into an extended discussion. And to help you, be aware that they may not be willing to sell for a fair price. You can use google to get into the details, but the bottom line is that you work out a fair price from your end with a little research, and either they are truly willing to deal with you on a given day, or they are not.
Originally Posted by Bob
(Post 10235318)
And don't get bogged down by the silly games of the monthly payment options that they rather talk about than total price...helps if you've got your own finance or cash options, but don't let on till you've agreed a price because they get good commission from their own finance so that's why they're sometime willing to drop the original price to look better about the deal.
Originally Posted by davidtheprof
(Post 10235762)
KBB and/or Edmunds give you the "invoice" price, at which the dealer allegedly gets the car from the manufacturer. That is usually about the lowest you can go (the dealer gets other kickbacks, it's not really the dealer's cost).
But also check for rebates on offer from mfr (also online sites give this). This time of year and next couple of months are good for bigger discounts on 'last year's model', as dealers are now clearing out showrooms for 2013 model cars. If you are not so fussy with colors and trim, you can get a great deal on the last few cars they need to clear out. now I see you mentioned used cars... oh well!
Originally Posted by Insomniac
(Post 10235836)
I didnt know anything about buying a used car before I got my first one, so I did a lot of research. I used to be a sticker price kind of guy. Anyways here are some tips I learned. Bought a $21,000 car for $16,800 which isn't bad considering how bad I was at haggling.
See if some of these tips I learned help at all. Again I'm by no means an expert, so if someone knows better, jump in. Can I ask, did the price you paid for your vehicle come in below the KBB value? Are they interested in values much below KBB? Also, when you took it to the mechanic, is that because you didn't know cars or because you want the underside of the vehicle and the emissions inspected? And when you went to the mechanic, do they just give you the keys and wave you off with a cheery smile or do you need to arrange a deposit and insurance? |
Re: Haggling down on a used car in CA.
Originally Posted by joylove
(Post 10235908)
Can I ask, did the price you paid for your vehicle come in below the KBB value? Are they interested in values much below KBB?
Originally Posted by joylove
(Post 10235908)
Also, when you took it to the mechanic, is that because you didn't know cars or because you want the underside of the vehicle and the emissions inspected?
And when you went to the mechanic, do they just give you the keys and wave you off with a cheery smile or do you need to arrange a deposit and insurance? The place I went to though, I just told them I wanted to take it somewhere to check before I bought it. They were fine with it, I think I may have given them my credit card or they ran it beforehand. I was given a temporary plate and told them I'd be back in half an hour. But yah, It gave me a lot of peace of mind having the mechanic go over it. My father is an engineer and his father worked at the Ford plant. So they know cars pretty well...but even he said he never would have spotted most of the stuff the mechanic pointed out. Also I found this too if you want to try it. Seemed interesting but never have tried it. http://www.wimp.com/buycar/ |
Re: Haggling down on a used car in CA.
Originally Posted by Insomniac
(Post 10235836)
Do an official credit report and print it out. Take it to a few banks and secure a loan and ask them what kind of rates that score will get you BEFORE they run your credit. This will keep the hits down to only one and your score wont suffer from shopping around. Have the loan secured before you purchase.
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Re: Haggling down on a used car in CA.
Originally Posted by joylove
(Post 10235908)
Yep I should have mentioned will be paying cash I think (unless the loan helps boost my credit score and is at a reasonable rate) so I will remember this thanks. |
Re: Haggling down on a used car in CA.
Originally Posted by Bob
(Post 10236241)
Getting a car loan is a great way to build up your credit history and varied history other than just a credit card so well worth it. If you want to pay cash, get loan for the car, pay most of it off and leave $1K on it and pay that off over a year to make it count and should have minimal to no real cost to you, as long as the loan doesn't have a early pay off clause.
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Re: Haggling down on a used car in CA.
Don't forget that - however much you might want to - punching a car salesman in the face is illegal in some states. Hadn't seen this one mentioned but it's worth bearing in mind.
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Re: Haggling down on a used car in CA.
Originally Posted by Bob
(Post 10236241)
Getting a car loan is a great way to build up your credit history and varied history other than just a credit card so well worth it. If you want to pay cash, get loan for the car, pay most of it off and leave $1K on it and pay that off over a year to make it count and should have minimal to no real cost to you, as long as the loan doesn't have a early pay off clause.
Originally Posted by tonrob
(Post 10236462)
Don't forget that - however much you might want to - punching a car salesman in the face is illegal in some states. Hadn't seen this one mentioned but it's worth bearing in mind.
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