when buying a used car what is a respectfull offer?

Question

im looking at used car its priced at 16000 dollars what is a fair bargain someone told me i should easily be able to knock 20 percent off the asking price is this fair and if not let me know how to go about it thanks

Answer 1

Depends on where you are buying it from and what vehicle you are buying.
If you are buying from a dealer, typically Private Party Kelly Blue book in the appropriate condition is a fair price.
Sometimes, this can equal up to 20% less ( or more) than the asking (retail) price.

It also depends on the model of car. With gas prices at $3 per gallon, a dealer will take less of a profit to get rid of a gas guzzling truck than they will to get rid of a Honda Civic or Toyota Corolla type car.

Answer 2

That really depends on the make, model, year, condition and mileage. We dont know any of these things, so we cant say.
Could you get back with us, add more details regarding these things?
Usually people selling a car "overprice" it just a little so that you can get them to come down. It makes you feel good, and they still get the price they actually had in mind. In other words - maybe a car says $16,000, the other guy might already have it in mind to take 15 or so.
But 20% off? Thats a big drop.

Answer 3

Check the blue book value on the car before making an offer. You can google Kelly Blue Book. 20% off is a bit much. Not even new cars have that much mark up!

Answer 4

Try using the book value of a car from your insurance agent. It will tell you the value of a vehicle that has been written off in an accident so the insurance company knows what to pay out if it was a total loss.

Answer 5

Check the Kelley Blue Book guide, and go from there.