Friday, June 18

6 Things You Should Always Negotiate the Price of

Price negotiations is often quite an informal culture. It is a way of getting more for your money. Price negotiating can prove uncomfortable for many who are not used to it but when you get into the flow of it, it can be a lot of fun. It is not always easy to understand what the right context is to barter. Therefore, in this article I am going to highlight 8 things you should always negotiate the price of.

Car Prices

When you are buying a car, negotiating is something you always need to do. Especially when you are buying a used vehicle. This does not mean that you should not be negotiating with a new car, in fact, you should be negotiating regardless of the condition of the car. Many dealers are happy to bring down the MSRP to make a sale. If you want to be thorough, motor trading companies must have their own insurance policies and constantly keep that updated, by checking the best motor trade insurance companies out there so they are not only supporting themselves but the customers that use their services. You may want to ask them if their policies cover anything that can happen between leaving their lot and coming to your door so you are not out of pocket.

Cars are often one of the most expensive items we will probably every buy. So, make sure you are getting the best deal you can get. To do this, negotiate with plenty of knowledge behind you. Research the car you want and know what price you want in your head before heading to the dealership. This will help you shoot for a goal when you are haggling.

Auto Repairs

So you have just bought a car and you want a service plan. Guess what? You can negotiate these as well! An honest mechanic who provides a consistently good service who does not overcharge is worth their weight in gold.

To find this gold in the rough you need to again do your research. Get a few quotes for service packages from a variety of venders and do not go with the dealerships offer until you have double checked the competition. They might add a premium on the end of it to recoup some of their losses from the car price.

Bank and Credit Card Fees

Bank and credit card fees add up more then we would like to admit. It is easy to think it is not that much but over time these fees will sap so much money out of you. Keep on top of your monthly spending on these kinds of fees by regularly checking your bank statements. If you have found areas that you feel are unfairly being charged, then raise a dispute with your bank or credit card provider. You will be amazed to find that they often will reduce your fees or even get rid of them entirely.

Monthly Bills

Like bank fees, bills are often more expensive than they should be. This is because people do not understand they power they have to negotiate. Raising an issue with your service provider is a great way to start the dialogue towards cheaper utilities. Take this approach with as many bills as you can. Get them on the phone and make them understand that there are plenty of other great options for you out there and that they need to give you the best deal.

Appliance Purchases

This is not universal for appliances, but you can haggle on an impressive range of products. Stores typically have some wiggle room in their margins on their most expensive products because they are already making a sizable profit on them. Managers understand that these products will sit on a shelf for a while because they are more expensive. Use that understanding to your advantage and get a bargain.

Clothes

When approaching clothing, understand that your price point influences your ability to haggle. Regardless there is nothing wrong with trying your luck. You can start by showing the salespeople prices on the same item in nearby stores. This can increase the chance they will offer you some form of discount. This is especially relevant if you are a regular to the store and the staff know you well. Use your relationships to your advantage and let the manager know that you are a loyal customer when you haggle with him.

To conclude, is a wide range of products you can haggle on. You just need to walk into the negotiations with some research behind you so you present the manager with facts about why you deserve a better deal when you are trying to buy their items. The approaches I have laid out in this article typically work better on more expensive items because of the sizeable margins available for companies who stock these items.