When purchasing a used vehicle on Craigslist.org, you must do everything from inspecting the vehicle to negotiating a deal. If you are not an expert negotiator, there are a few things that you should know when purchasing Craigslist used cars. The truth is, the majority of sellers on Craigslist cars are willing to negotiate on their price and it is up to you to figure out exactly how low they will go. Negotiation is a bit of an art where you must try to read the seller to figure exactly how much they are willing to let the vehicle go for. While mastering the art of negotiation can take several years, here is a crash course with a few pointers that will help you get the best price for your next used vehicle. Use these negotiation tactics and you may be able to purchase a good used vehicle for less than $900.
The first thing that you must understand when it comes to negotiating is that you must make the transaction a win-win situation for both you and the seller. What this means is that you will have to make the seller feel good about selling the vehicle at the price that you want. To start things off, take a look at the seller’s asking price. Compare the seller’s asking price to the asking price for comparable vehicles in your area. Is the seller’s asking price much higher than comparable vehicles in your area? If the vehicle is listed for around the same price as other vehicles in the same condition than negotiating should not be too difficult. If the seller’s price is extremely high in comparison to other vehicles, you may want to consider purchasing another vehicle.
When it comes to negotiating the price, the first rule of negotiation is to never be the first to make an offer. The seller will probe you and try to get a number out of you first but you should simply refuse until they give you a number. The reason why you should let the seller give you his bottom dollar price first is because he may be willing to let it go for much less than you are willing to pay. By naming a price first, you may offer several hundred dollars more than the seller is willing to take. Start by insisting that the seller gives you his lowest price.
If the seller is a good negotiator, you will receive a lower price but not the lowest price. Before starting the negotiating process you should have two numbers in mind. The first number is the ideal price that you would like to pay while the second number is the highest price that you are willing to pay. With these two numbers in mind, try to get the seller down to your lowest price.
Take for example a seller who has a vehicle listed for $1300. Comparable vehicles are listed for sale in your area for around $1300. You asked the seller for his lowest price and he tells you $1000. If you are looking to get the vehicle for around $900, you may want to use the “meet halfway” strategy and offer the seller $800. In America, it is common for buyers and sellers to come to an agreement by meeting half way. In this case, if the seller counter offers by agreeing to sell for $900 then you win and get your vehicle for your ideal price.
Negotiating a great deal on Craigslist used cars requires a bit of practice. If you have never negotiated a deal before, try this tactic and see how it goes. Purchasing a reliable vehicle from Craigslist cars can be a great way to save money each month. Find a great car and negotiate a good price and save hundreds of dollars each month by avoiding a car payment.