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re: How come we always haggle prices on cars and real estate but nothing else?
Posted on 4/15/18 at 4:12 pm to finchmeister08
Posted on 4/15/18 at 4:12 pm to finchmeister08
Haggling is a negative term
If markets are efficient both buyer and seller should work in their best short term interest but also leave enough on the table to reinforce long term business relationships. In modern corporate America greed has taken over and we are forced to accept higher prices so corporations can make more returns. Eventually buyers find another option and the market corrects.
I love to barter, swap and trade but I come from a generation where this was an intricate part of establishing repeat business. Often I negotiate more for terms than price as in the end, service is what you are really spending your money on. On a car I negotiated for a family member I was able to cut the price by 8K but still left money on the table and a repeat business transaction as the accompanying service meant I referred more business their way. If you let them charge full price they will. Oddly enough they will take advantage on both sides (lowballing what they buy and peaking what they sell) if they generally say they don't negotiate so as always, "Buyer Beware".
If markets are efficient both buyer and seller should work in their best short term interest but also leave enough on the table to reinforce long term business relationships. In modern corporate America greed has taken over and we are forced to accept higher prices so corporations can make more returns. Eventually buyers find another option and the market corrects.
I love to barter, swap and trade but I come from a generation where this was an intricate part of establishing repeat business. Often I negotiate more for terms than price as in the end, service is what you are really spending your money on. On a car I negotiated for a family member I was able to cut the price by 8K but still left money on the table and a repeat business transaction as the accompanying service meant I referred more business their way. If you let them charge full price they will. Oddly enough they will take advantage on both sides (lowballing what they buy and peaking what they sell) if they generally say they don't negotiate so as always, "Buyer Beware".
Posted on 4/15/18 at 4:30 pm to finchmeister08
As others have pointed out, you can haggle on other items too. The biggest difference though is that for most items that aren't "big ticket" you're dealing with a cashier who doesn't have authority to negotiate, and you aren't going to save much anyway.
Compare to many developing countries where you are dealing directly with the shopkeeper and (if you're a white tourist) the offered price is 4-5 times what you could get if you bargained.
Compare to many developing countries where you are dealing directly with the shopkeeper and (if you're a white tourist) the offered price is 4-5 times what you could get if you bargained.
Posted on 4/15/18 at 4:51 pm to finchmeister08
Haggling over mattress purchases never made sense to me.
Posted on 4/15/18 at 4:55 pm to finchmeister08
I had asked the Olinde's salesperson, all cash no tax? they told me to GTFO.
Posted on 4/16/18 at 7:02 pm to Rouge
He is, isnt he, Rouge? It’s completely disconcerting to say the least, this obsession and envy of my lavish lifestyle and my bank statements. What a bozo.
Posted on 4/16/18 at 8:37 pm to finchmeister08
All furniture... big time mark up & they will knock off 30-40% before they even have to "get their manager".
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