Helpful Dos and Don’ts of Negotiating Used Car Prices

When it comes to negotiating used car prices, there are a few helpful dos and don’ts to keep in mind. By following these tips, you can help ensure that you get the best possible price on your next used car.

Do:

  1. Do your research ahead of time: Before you start negotiating, it’s important to do your research and know the fair market value of the car you’re interested in. This way, you’ll have a better idea of what price to aim for.
  2. Do be willing to walk away: If the dealer isn’t budging on price, be willing to walk away. This shows that you’re not desperate and that you’re willing to walk away from the deal if the price isn’t right.
  3. Do try to negotiate other terms: If the dealer isn’t willing to budge on price, you may be able to negotiate other terms, such as a lower interest rate on used cars in chicago or a longer warranty.
  4. Do bring along a friend or family member: It can be helpful to have another person with you when negotiating; as they can help you stay calm and focused.
  5. Do be prepared to haggle: In most cases, you’ll need to be prepared to haggle back and forth before finally agreeing on a price.

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Don’t:

  1. Don’t show your excitement: If you show the dealer that you’re too excited about the car, they may be less likely to negotiate with you.
  2. Don’t be afraid to walk away: As mentioned above, if the dealer isn’t budging on price, don’t be afraid to walk away. This shows that you’re not desperate and that you’re willing to walk away from the deal if the price isn’t right.
  3. Don’t pay the sticker price: The sticker price is usually not the final price, so don’t be afraid to negotiate.
  4. Don’t be afraid to ask for a lower interest rate: If the dealer offers you a higher interest rate, don’t be afraid to ask for a lower rate.
  5. Don’t forget to check the car’s history: Before you finalize the deal, be sure to check the car’s history to make sure there are no hidden problems.

Conclusion:

When negotiating used car prices, it is important to do your research ahead of time, be prepared to walk away from the deal, and be firm but fair in your negotiating.