How To Negotiate A Deal

Whether you are buying a car, appliance or TV, if you know how to negotiate you can likely pay less. Many people don’t like to negotiate, but the majority of the time you can get a better deal by simply asking for it.

Research the item in advance. Are there better deals online? Will another store beat any advertised price? The more you know about what the product is worth, the better you’ll be able to work towards that price.

Ask something along the lines of “is this the best you can do?” or “how can we make this more affordable?” Then don’t rush to speak, the silence will add pressure on the salesman to come up with something.

Price isn’t the only thing that’s negotiable. You may be able to get accessories or an extended warranty included to sweeten the deal.

Negotiating isn’t about bullying the salesman. Work together so that both sides feel it was a “win-win”.

Ultimately, if you’re truly not willing to pay a certain amount or you know you can get the product cheaper somewhere else, you may have to be prepared to walk away.

VN:F [1.9.22_1171]
Rating: 4.5/5 (2 votes cast)
How To Negotiate A Deal, 4.5 out of 5 based on 2 ratings

Written by Tom Drake

Tom Drake is the owner and head writer of Canadian Finance Blog. While you’re here, consider signing up for the RSS feed or email subscription. Both deliver the latest articles directly to you everyday! Have a Twitter account? Then follow me for all the latest posts or to send me any comments or questions!

3 Responses to How To Negotiate A Deal

  1. mfd says:

    I think the key here is “be prepared to walk away”. If its a product that someone really needs then people may be afraid to walk away. Always go in with a plan of action that way the sales person will spot the confidence in your voice and give you the best deal. If they don’t give you the best price then your plan should include things like competitors and the prices they offer to make walking away easier.

  2. mutuelle says:

    thank you for this article,good contuniation

  3. Brandon says:

    Researching in advance for the item you are buying is really the key here. This way you shall be prepared and knowledgeable on all things related to the item you are buying.

Leave a reply

Notify me of followup comments via e-mail. You can also subscribe without commenting.

Name: Email: