"What's your lowest cash price?"

pico42, May 11, 9:43am
I had a car up for sale last week. What with the flood of texts asking this? No "can I have a look?"
And one guy who said "what's your lowest price given that I haven't seen the vehicle?"
Ended up selling to the guy who rang and discussed the vehicle, came and had a look, then made an offer.
tgray, May 11, 10:28am
The question 'what's your lowest price?' is a common one and often used to see if they can actually afford it, before wasting their time and yours by coming around first without knowing.
pico42, May 11, 10:41am
Isn't that what the asking price is for?
sr2, May 11, 10:50am
The asking price is the point where negotiations start.
If your asking price is also your lowest cash price it saves wasting a lot of both party's time and energy if you advertise the price as being not negotiable.
westwyn, May 11, 11:25am
Welcome to our world.
pico42, May 11, 11:42am
But doesn't it shortcut negotiations if I tell them my lowest price right off the bat. Especially when I know they will probably still chase a cheaper price.

What do you say to them? I said they were best to come and look at the vehicle.
tgray, May 11, 12:49pm
All my cars are advertised with "NO OFFER THANKS" in the ad.
Makes it easy for both parties.
And before people tell me that's not a good idea, I sell over 200 years a year for the last 11 years and it works for me just fine.
sr2, May 11, 12:57pm
I think we're on the same page mate; if someone tries to lowball me without having seen the car I avoid any negotiation until we're face to face.
sr2, May 11, 1:03pm
There's a big difference between being a car dealer and selling a car privately. Most private sellers/buyers expect to haggle a little on the price.
There's nothing wrong with a little bargaining; no need to feel offended if someone tries to beat you down a bit on the price, (all's fair in love, war and selling cars!). :)
vivac, May 11, 1:27pm
I have much hate for people who ask for your lowest price, then promptly offer a much lower amount.
They get told where to go quite quickly.
happens on facebook buy sell and trade pages ALOT.
tub4, May 11, 1:37pm
I have more than once asked a seller to have a think about the lowest price he'd take over a couple of days and let me know, then I'll say thanks for your time or ask for bank details.
This saves me insulting them with an offer thats too low & I've ended up with 3 bikes this way.
pf, May 11, 2:25pm
if I have advertised an asking price and straight away they ask what is my best price I put it back on them and ask what are you offering . then the negotiations can start . or not .
fordcrzy, May 11, 3:06pm
its pretty obvous. i usually work out around 10% off asking price for cars over $4k so a car with $6500 on it id be happy to drive it away for $5750 etc.
magoo2, May 11, 4:07pm
I usually say ,"I am asking $xxxx, but I am prepared to accept more"
timbo69, May 11, 4:53pm
Everybody is different, some say $6200 ONO - seems obvious they want 6k, my new ute I brought was 30% off RRP.
pebbles61, May 11, 5:51pm
Depends if "Or nearest offer" is listed after the price or not lol. But yeah, so many jokers that try to low-ball you. I don't blame them for trying, just tell 'em to fornicate with themselves lol
timbo69, May 11, 6:11pm
I had a guy want me to deliver my $800 boat to wellington (from auckland) - I said no problem for $2400 delivery.
kazbanz, Feb 3, 9:16am
Actually in part thanks to you lot my cut n paste style response is a much more pollite version of. "Please feel free to come see the car and make an offer to buy"