To negotiate the car price, start by offering 15% below the asking price or the KBB value, whichever is lower. If an inspection reveals a problem, ask the seller to deduct the cost of repairs from the car's price. Lowballing the seller — asking for more than 30% off — could leave you empty-handed.
Getting your inventory listed on Craigslist is one of the most profitable ways to advertise your cars. It's proven that car buyers on Craigslist tend to convert much quicker than on any other classifieds. The conversion rate on Craigslist can be as high as 10%, and that's huge.
CraigsList can offer some great deals if you know how to negotiate effectively. I've been compiling a list of best practices to help buyers get the best deal from Craigslist purchases. The bulk of this article is going to focus on a process for getting the best price on CraigsList items based on my experience.
When negotiating, it helps to be able to justify what you're asking for, he adds: “Instead of saying, 'I want to pay this,' try something like: 'I've looked at five or six different cars that are similar to yours in the market.The price range goes from $19,500 to $20,700.I'm comfortable making an offer of $19,100.'”
Avoid adding any personal information in the posting, including your name, real phone number or real email address. Always use the generated email address on your Craigslist posts.
If you're dealing with a local, the most secure way to pay or collect funds for a Craigslist transaction is with cash. To keep it even more secure, you can make the exchange in a safe place like your local police station or even at Acclaim FCU.
Make a realistic offer, but one that's also bold enough to anchor the negotiation to a lower point. A savings of 5% or so below the market value (not the price they are asking) is a reasonable starting point for negotiations. Another way to look at it is to do about 15% to 25% below the maximum you're willing to pay.
Yes, you can negotiate on the price of a car. However, it helps to do your research on the vehicle's fair market value and out-the-door price beforehand so that you know how much room you have to haggle.
My reply is usually something like "sorry, that's just too low, my lowest is $xxx - let me know if you want it". If they fire off another low-ball, I'll say "sorry, $xxx was definitely the lowest I'll take, if you want it, great, if not, no problem.
Introduction: My name is Frankie Dare, I am a funny, beautiful, proud, fair, pleasant, cheerful, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.
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