bobtucker wrote:
50K is a good offer.
Take a look at PPL website and see what they have sold for.
Send me the check and your Yugo chassis Class C. will be at your doorstep in a couple of days. How can you say $50,000 is a good offer when you have no idea what the rig is, what condition it is in or anything else about it.
The asking price could be ridiculously high or an insanely good deal. Perhaps it is an overly inflated price to allow the dealer to play the trade value game. Perhaps it is a super good low, low price because the dealer couldn't floorplan it when he traded for it, and so he has $69,000 of his money tied up in it, he needs that liquidity, and he is much more interested in the return of his money, than the return on that money. (sorry, Will Rogers, I stole that wonderful quote).
Most likely, however, it is close to a fair price because he does want to make some money while at the same time doesn't want to scare away prospective buyers. If a price is too high, people just move on without giving it a second thought, hence most dealers are going to price their inventory within a band that is considered reasonable.
Research and then make an offer you are comfortable with. If you make a ridiculous lowball offer, the dealer is going to ignore you. A smart businessman isn't going to negotiate an offer that is not reasonable. A lowball offer is a request for the seller to lower their price for no reason. He isn't going to get into a bidding war with himself, lowering the price time after time until you finally decide to actually make a real offer. He is much more likely to say "Thanks, but we are too far apart. If you want to raise your offer to something more reasonable, maybe we can talk turkey."