How To Negotiate Used Car Price Reddit

Negotiate a used car's price with a dealership

Dealers and their staff are professional negotiators. You must gather as much pricing data as y'all can find on the vehicle you want to buy. Depending on how long a vehicle has been sitting on their lot, almost used cars take anywhere from 10-25% marked up in the asking price of the vehicle.

Negotiate with dealers by phone or online

Negotiation by email or telephone keeps you in control. If a dealer promises y'all something over the phone, take them put it in writing by request them to send you a quick text or email.

A dealer will always endeavour to go you to come into the dealership. They know they have a better chance of selling you a car at a higher price if they get you to come up to the dealership, rather than trying to sell you lot a auto over the phone.

It's okay to look at cars at a dealership, just don't start the negotiation process. If you go to a dealership, let the salesman that approaches you to know you lot're not ownership a car today, y'all're only gathering data.

Get price quotes from multiple dealerships

While shopping for a vehicle, don't exist surprised to see like vehicles priced high and low. This just means there's more wiggle room to negotiate with the higher-priced cars. Normally a dealership will price a vehicle they just received higher in the market. The lower-priced vehicles may not take as much wiggle room, it depends on the pricing model of the dealership

Don't allow these high advertised prices discourage you, this is just where they desire to kickoff the negotiation process. You want to buy the car at or below the electric current marketplace value. No matter what the asking price is, I recommend you asking quotes from the dealer.

Apply online used car listing sites we recommend such equallyRyde Shopper,MotorTrend, andCarsDirect to get equally many quotes every bit possible on the particular vehicle you want to buy. Make sure yous compare apples to apples and proceed the mileage range as close equally possible.

Let them know y'all're interested in the vehicle and volition be buying a car in the side by side few days. Enquire them to ship you their best toll on the vehicle yous're inquiring about.

Play dealers confronting each other

Once you receive your quotes, yous can utilize them to negotiate between dealers to get a lower price. Y'all can do this by telephone or email, this is how it works:

You lot receive 5 quotes from dealers all on the same motorcar with a range of nearly 10k miles.
ABC Motors gave you the lowest price quote of $eleven,000 for a vehicle with 40,000 miles.
XYZ Motors sent you a quote for $12,500 for a similar car.
You want to get XYZ Motors to discount their price to be more than competitive with ABC Motors.
Contact XYZ Motors and give them a chance to discount the toll of their car.

Y'all'll do this with all the higher quotes you receive, I recommend y'all offset with the vehicles that have the highest prices start. It's okay to let the dealers know the price and mileage on the lowest quoted vehicle. This volition allow them to make up one's mind on how aggressive they can be on matching or beating the other dealer'southward price.

When y'all transport them the information, make sure you let them know y'all're ready to buy a car Now. Dealers will exist more ambitious in discounting the toll if they know they have someone willing to purchase correct away.

Proceed playing them off each other, if a dealer discounts their automobile lower than the lowest cost you accept, they go the front runner. Brand sure you contact the dealer that had the lowest price first to give them a chance to play.

In one case the dealer stops responding or refuses to discount the vehicle farther, you'll know they've discounted the vehicle every bit far as they can.

Once you're at this betoken, you should have several vehicles to choose from. Before running off to the dealership, become for one last discount. Contact the dealership and tell them you volition come in and buy the motorcar right now if they will disbelieve it another $389. This is an odd number and they may or may not discount the vehicle anymore simply if yous don't enquire, you don't receive.