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The Terminator
Terminator Talk
Lowballing, need Opinions
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<blockquote data-quote="Lord Warlock" data-source="post: 7912332" data-attributes="member: 38059"><p>On another site i participate on, we consider lowballs to be anything more than a 25% difference from the asking price. (we don't allow lowballing on our site). I'm not entirely sure why everyone thinks they should start negotiations with a lowball. It isn't an effective way to dicker as the seller knows you aren't really serious if you aren't making a competitive bid. (i've sold cars at a dealer before too). The only people you should be lowballing is dealerships that usually get the car for trade in value-not retail value, and you know that they've already stolen the car to start with, so we shouldn't feel guilty about offering them considerably less than their asking price. </p><p></p><p>As a private seller, i always price my cars at what i consider to be a fair price to begin with, and do not factor in negotiating room, if someone decides to waste my time with a lowball, i'll promptly tell them no thanks, and walk inside and shut the door on them. You have to remember you are also wasting the sellers time to be available for you to see the car for sale, and lowballing does not set the stage for serious negotiations, just sets the stage for a colossal waste of time.</p></blockquote><p></p>
[QUOTE="Lord Warlock, post: 7912332, member: 38059"] On another site i participate on, we consider lowballs to be anything more than a 25% difference from the asking price. (we don't allow lowballing on our site). I'm not entirely sure why everyone thinks they should start negotiations with a lowball. It isn't an effective way to dicker as the seller knows you aren't really serious if you aren't making a competitive bid. (i've sold cars at a dealer before too). The only people you should be lowballing is dealerships that usually get the car for trade in value-not retail value, and you know that they've already stolen the car to start with, so we shouldn't feel guilty about offering them considerably less than their asking price. As a private seller, i always price my cars at what i consider to be a fair price to begin with, and do not factor in negotiating room, if someone decides to waste my time with a lowball, i'll promptly tell them no thanks, and walk inside and shut the door on them. You have to remember you are also wasting the sellers time to be available for you to see the car for sale, and lowballing does not set the stage for serious negotiations, just sets the stage for a colossal waste of time. [/QUOTE]
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