What are my chances of negotiating a 2008 Honda accord asking price 12,450. Willing to pay 10000 Cash?
What are my chances of negotiating a 2008 Honda accord asking price 12,450. Willing to pay 10000 Cash?
Is this at a dealership or private seller?
I'm not gonna lie, cash doesn't MEAN anything in a dealership anymore. They actually make LESS money when they take cash as it is. It used to be seen that cash was better, but that was back when it took a long time for dealers to see the money from financing. Now, it is pretty much instant, so they don't care that you have the cash for it.
When I was looking at a new car, I was able to get them to drop MAYBE $600-$800 if I told them it was possible to do it in cash. But really they kept telling me that they could NOT go lower than X amount.
I'd say that dropping $2450 on a $12,450 car is pretty much impossible.
UNLESS it's a private seller, in which case, your offer is a better price for a 2008 Accord. If they're desperate or noone is buying at their price point, they could go for it
When you see it pick up on things that are wrong with it but not to much so you don't come around as cocky and annoying and say I can pay 10 Grand cash
No one here can answer that question. That's strictly between you and the seller.
When you say "dealer", there are two kinds of dealers. Ones that finance, this is all new car dealers and "buy here pay here" used lots, and ones that don't. Cash in hand may mean something to one of those no finance dealers, but not to the others. Cash in hand usually means a lot to private sellers. Simply tell the dealer you will give him $10000 cash. He will go talk to "his boss" who will say no. Then politely tell him that's what the car is worth and all you will pay and leave. If he's bluffing, he will come after you.
Cash is not king when buying a car. It doesn't automatically get you a better price. Dealers ALWAYS get cash, either directly from the customer, or from the bank or finance company that provides the customer his loan.
One thing to consider when "talking down" a price on a used car is determining if the price you're willing to pay is actually a fair price for that car. It might be that the car isn't really worth $10,000, in which case the seller will happily sell the car for your price. The opposite case is that the seller's asking price is already a good fair price, and he'll turn down your lower offer, knowing that someone else will gladly pay him what the car is worth.
The only way someone is coming down $2450 is if it was overpriced by $2450 to begin with and if it was, why are you even looking at it?
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