4 Tips to Negotiate Car Deals

​If you plan on selling your car, then make sure you know how to negotiate with potential buyers to reach the best deal. The tips listed below will put you in the driver’s seat when it comes to negotiation strategies and, therefore, helping you exploit the price you get for your car.

Be ethical
Keep in mind that your initial goal is to earn the trust of your buyer by being straightforward and honest. Otherwise, you might experience a compromising position with every progress of your deal if you lose the respect of your buyer. With being direct, you must remember to be confident but know where the bar is, or you might end up getting cocky and lose a lucrative car sale.

Live by The Golden Rule
“Do not do unto others what you do not want others to do unto you,” or to put it otherwise, treat people the way you want to be treated. The famous philosophy applies to every aspect of your life, and this includes selling cars. If you continue to be pessimistic, you only encourage the other party to do the same. Make the Golden Rule a principle when selling cars, and you will find yourself having receptive buyers that become interested in beneficial agreements.

Try Not to Sell Yourself Short
If you believe you have a reasonable selling price, then make sure to stick by it. You might encounter savvy buyers that will take advantage of you once they sense your unsureness of the set price. Make sure that the value you declare on your car matches the one perceived on the internet to get willing buyers to meet your price.

Limit Giving out Information
Try not to share too much with your buyers. Important stories such as the need to move to another state, use the money you get to pay overdue loans, or to meet a deadline, might give them potential leverage over you. You can control negotiations if you can keep these types of information to yourself. There is a necessary silence to show a certain level of respect you have for the buyer, which you can also use when they begin to demand ridiculous offers and terms. Sometimes, it allows them to think thoroughly, making them retract on their unfair choices.

However, if the reason why your old car is on sale is because you plan on getting a new one, then also make sure you have a suitable insurance plan for that. With added protection, auto insurance will make sure to free you from unexpected expenses. 

At Desmond Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (859) 491-5100. Get your free quote today by CLICKING HERE.