Re: [FWDLK] what's your bottom dollar?

As a friend of mine used to say: “Somewhere between the seller’s asking price and the buyer’s offer, there is an agreeable price”.

The trick is, which will it be closest to?

The proper reply to “what’s your bottom dollar?” is “what’s your top offer?”.

Dave Homstad

56 Dodge D500

-----Original Message-----
From: Forward Look Mopar Discussion List [mailto:L-FORWARDLOOK@xxxxxxxxxxxxx]On Behalf Of Tom Stroup
Sent: Thursday, November 15, 2007 9:03 PM
To: L-FORWARDLOOK@xxxxxxxxxxxxx
Subject: Re: [FWDLK] what's your bottom dollar?

Some people will give you their final "bottom dollar" price.

When we were just married, I took my wife with me to "look" at a sweet

1968 Charger R/T quite a distance away. After I looked it over, and we went

for a little test drive, I asked him the price he had to have. The owner told me,

and I said "OK, will you take cash and a check for the rest ?" My wife was floored.

She wanted to see me barter with the guy. About three months later, after several

Mopar shows, sales, and swap meets... she came up to me and said

"How can you sleep at night ? You stole that car !"

I explained to her that the buyer and seller were both happy the day of the sale.

I got what I wanted and he got what he wanted. I had been afraid that, if I would

try to talk him down any further, he might get mad and not sell me the car.

I own it today.

When someone puts an item out for sale, he better have an asking price.

If he just asks me how much I'll give him for it, I think he is an idiot and I'll

offer an idiot's price if I offer anything at all. Life is too short to deal with idiots.

I'm not setting the seller's price on anything.

Once we get started, I love to barter, but I'm not pricing his stuff for him.

Tom S

From: Forward Look Mopar Discussion List on behalf of Ray Jones
Sent: Thu 11/15/2007 9:40 PM
To: L-FORWARDLOOK@xxxxxxxxxxxxx
Subject: Re: [FWDLK] what's your bottom dollar?

Nothing fancy, your bottom dollar is the minimum you are willing to
live with. You can never go up in price, so just mentally set the least
you'll accept, and tell the one asking, "make me an offer and I'll see
if I can live with it." Usually, I find they'll offer more than your
minimum. Unless the buyer is just playing, and hoping for a real
bargain.

As to parts at a flea market, I see what I want, start asking "How
much?" about 4-5 other items I don't want, quickly setting each one
down when they give the price, and then, when they're getting ticked
about it, ask about the item I want.
Often, it's less then I would have paid, and the seller feels he
FINALLY sold me something. You don't say "WOW, I've been looking for
this for years, how much?"
Ray

On Nov 15, 2007, at 10:33 AM, Larry Gardinier wrote:

The last few cars I've sold I've heard the question "What's your bottom
dollar?" While I post a price that allows a little cushion for haggling
I don't see this as a logical question. Why would I want to start the
price negotiations at my bottom dollar? I ask this because this weekend
I will be bringing one of my cars to the Moultry swap meet and I'm sure
I'll hear the question.

Any ideas as to how I should answer?

Thanks,
Larry Gardinier

*************************************************************

To unsubscribe or set your subscription options, please go to
http://lists.psu.edu/cgi-bin/wa?SUBED1=l-forwardlook&A=1
*************************************************************

To unsubscribe or set your subscription options, please go to
http://lists.psu.edu/cgi-bin/wa?SUBED1=l-forwardlook&A=1