How to run a Bidding War (Infographic)
If you’re in the market for a new car and want to get the best possible deal, you should make car dealers compete with each other. Today I’m going to lay out the steps to do that visually. For more details on these steps click Start Here above and read how to Start a Bidding War.
In the example below, you’ll get prices on a new car from 4 car dealers. You’ll then email each car dealer to make them compete against each other to systematically reduce your price.
Flowchart – How to systematically negotiate a low car price
Now you may be thinking, hey, that’s a lot of work….I had to send at least 4 emails. Well, in this example, we managed to get the price down $4800 from our most expensive offer. That’s a savings of $1200 per email! I don’t know about you, but even if I only managed to save half of this example, I’d be sending emails all day long at that rate. Also, take advantage of these email samples that I’ve put together that tell you exactly what to say to car dealers.
The great thing about this negotiation strategy is that it’s not a secret! Even when you make car dealers aware that you are getting competitive bids, they will still work with you because they want to sell cars.