You’ve dreamed about owning one for years. You’ve put money aside and watched it grow. Now it’s time to finally go out and buy your first classic car.
Just remember one thing – you can always haggle on price!
The same goes for anyone looking to add to their collection of classic motors. Haggling is allowed, can save you money and can be good fun at the same time.
The good old fashioned haggle may not be as common as it once was, but it still forms a big part of buying and selling cars. And classic cars are no different.
There are a few things you can do to get the best out of haggling over the price of that stunning piece of history you want so badly. However, our first bit of advice is to make sure the seller doesn’t know just how badly you want it!
Some confidence and a bit of play acting are required for a good haggle and will help get the cost down a little (or a lot in some cases).
Do your research
When it comes to haggling, it’s always good to know what you’re talking about, both in terms of the vehicle and the general prices out in the market. If you’re armed with information you’ll be more confident, less likely to fall victim to a fib about the motor and you’ll know if the initial price is already a good one or way too high (or even better, way too low!).
Set yourself a budget
After doing your research, decide what you’ll be happy to pay. Then try to make savings by haggling, without allowing yourself to go over budget. You can always go back if there are exceptional circumstances and you decide to alter your limit.
Build a relationship
The best haggling always comes from a place of mutual respect – respect for each other and respect for the boundaries of the haggling itself. You both want the best out of the deal, but a certain level of cheek and playfulness will never do you harm when it comes to the haggle. Smile, be polite, stand firm, but avoid anything that is rude or aggressive.
Your approach and relationship with the other person will have a huge impact on the outcome of the deal. If you find yourself in a stressful situation, or if the other person is taking all the fun out of the haggling, walk away, it’s not worth it.
Timing is key
Choose your timing carefully when it comes to starting the haggle. Don’t jump straight into it without getting a feel for the situation and the seller, and don’t leave it until the very end when you’re just about to shake hands. This will likely spoil the deal as the other person will be expecting any haggling to have already taken place.
Instead, take the time to build that rapport, showing them what you know about the car and the market in a friendly way and letting the price come around naturally. Then go for it, sticking to your budget and having fun along the way.
When it comes to our classic car insurance policies, you won’t even need to haggle, because we’ll find the best policies at the best prices for you regardless.
Call us today on 0121 248 9229 to get the right cover for you.