Help with business question

timer Asked: Dec 5th, 2015
account_balance_wallet $5

Question Description

You are preparing to negotiate for your first car purchase. What techniques could you use to improve the outcome of this negotiation?

Tutor Answer

School: University of Virginia

Thank you for the opportunity to help you with your question!

When negotiating, remember not to make the first offer because the seller's price may be lower than your expectations.

when negotiating, make an offer of purchasing additional items so that the flexibility of the seller may be triggered.

Be willing to walk away if the seller can not come down to the maximum price you have set. Do not beg the seller as he will think you are desperate.

Do not be quick to respond to the offer, take your time to respond so that you may put pressure to the seller which will make him think you have other options.

create some humor and smile with the seller when negotiating. be friendly and convince the seller to agree to your price.

Please let me know if you need any clarification. I'm always happy to answer your questions.

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Good stuff. Would use again.

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