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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.
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 get 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 above mentioned tips, you will also be pre-approved for a
loan. 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 up your
charges if you stay.
Here
are a few tips to successful negotiating.
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Remain positive and confident
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Don’t talk down to your opponent
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Show up prepared and ready to counter anything that may come up
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Bring ads from other dealerships with you as an extra weapon
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Finance your loan before you arrive at the dealership so as to avoid
paying unnecessary extra fees
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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.
1.
“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)
2.
“This deal is only good for today. If you come back tomorrow I can’t
guarantee that the deal will be the same”.
3.
“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, then tell him
that he doesn’t need your money).
4.
“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 should leave then).
5.
“To cover the overhead costs, we have paid $13,000 for this car (Just check
your paperwork in your folder and prove them wrong).
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