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Ask and You Shall Receive

By Stas Bekman.

Published: 16 July 2006

Ask and You Shall Receive

In North America and some other countries it's typically unusual to find someone bargaining on a price, unless it's a yard sale. In other countries, like Middle East and Asia, bargaining is a normal part of the buying-selling process. So while it probably won't quite work to bargain in the department store, you can certainly bargain with private dealers. There are always discounts available, as they would like you to come back for more.

Whenever you shop you can and should always ask for a discount. In the worst case you won't get one.

This technique is especially useful when a big purchase is planned. Like a car, house, some major appliance, etc. The best way to approach this situation is to do your homework and research the prices, so that you can ask for a very low price, while letting the dealer make its money too.

Using the car dealership as an example, ideally you want to figure out how much does the dealer pays to get the car. Take this price, add a little margin on it and now you have the price that you should offer. Go into the store with a check ready for that price. And tell the dealer: "I want this car, I'm ready to pay for it this much and here's the check for that amount". More often than not, you get a deal right there. After all, while the dealer doesn't make a huge profit, they still make money and with zero effort and time spent. And seeing money or a check makes a big difference.

Don't forget to put the difference into your saving account and/or invest.

Related Material

Car Buying Tips (http://www.carbuyingtips.com/car4.htm)
Research the dealer's cost and make your offer. It lists several site that disclose the car costs to the dealers.

Dealer Holdback (http://www.edmunds.com/advice/incentives/holdback/index.html)
Many car buyers don't understand what the dealer holdback is, what it is used for and what its role is, if any, in the deal-making process.

How to Bargain When Buying Computers (http://onenw.org/toolkit/getting-good-deals/)
Conventional wisdom is that computer companies operate on very small margins and are unwilling to bargain. This is a myth.

How To Bargain and Haggle Your Way To Great Deals At Consignment Stores (http://www.committment.com/weil3.html)
You can haggle in thrift shops too

Wright Way to Bargain (http://www.csulb.edu/misc/inside/archives/vol_58_no_2/3.htm)
Richard Manly shows that we negotiate all the time, and he explains how to do it right.


Salary Negotiation Guide (http://www.susanireland.com/salarywork.html)
Learn how to ask for a better salary

How to Bargain for a House As the Real-Estate Market Cools (http://www.realestatejournal.com/buysell/tactics/20051101-simon.html)
Bargaining when buying a real estate can save you a lot of money.



Related Articles

  1. Do Your Habits Cost You A Lot of Money?
  2. Why Buying When You Can Borrow And Save?
  3. Don't Let These Mistakes in Bills and Receipts Cost You Money
  4. How to Beat the Prices with Coupons and Rebates
  5. How to Save Money Using "Pay Yourself First" Technique
  6. Money Saving with ATM

previous page: Home-made Meals are Better for You
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