when someone is selling a thing and it says like "100 o.b.o", can I still offer a lower price like 80??
and if the 80 is the highest bid, does it count as a best offer?
or 100 obo means he is "asking at least 100, but if someone else is willing to pay more than 100"
2007-03-02 17:15:14 · 3 answers · asked by revelationcross67 1 in Consumer Electronics ➔ Other - Electronics
Or best offer means exactly that. If the price is $100 obo, and the best offer is $90, that is the selling price. There may be a reserve, meaning it will not be sold below a certain value, but the best offer could still be higher than the asking as well.
2007-03-02 17:21:13 · answer #1 · answered by Fred C 7 · 2⤊ 0⤋
Up to a point. If someone is selling something for $100 o.b.o. (or best offer), and you offer him $80, and he doesn't have any other offers, he might well take it.
However, if you offer him $5, and he has no other offers, he might refuse. O.B.O. is really more "or best acceptable offer". No one's going to give away a $5000 car for a penny, but they might for $4700.
2007-03-02 17:25:01 · answer #2 · answered by T J 6 · 0⤊ 0⤋
The statement "X obo" means I am asking for X, but if no one wants to offer me X, I'll take the highest bidder (who will obviously only offer something less than X)
2007-03-02 17:23:40 · answer #3 · answered by shawntolidano 3 · 0⤊ 0⤋