When you are trying to avoid taking out another payday loan, you really need to explore all options to save you money. One of the ways that is often overlooked is negotiating for better prices, especially in the United States.
Throughout much of the rest of the world, negotiating for a price on a product or service is not only acceptable, but expected. In the United States, people have gotten too comfortable with paying for the sticker price and are often uncomfortable or even fearful about attempting to negotiate.
There’s no need for apprehension. In fact, in many cases, negotiation is expected. This is the case with purchasing a home or a car, especially used cars.
You never want to accept the sticker price in these situations. You could cost yourself thousands of dollars and if you consider how much you pay in interest on a mortgage over 30 years, it could cost you tens of thousands of dollars.
Negotiating doesn’t have to be limited to big-ticket items. There are numerous things that can be negotiated on, especially if you stay alert for situations that lean toward your favor.
For example, in the final days or even hours before a holiday, stores are often willing to sell off the last of seasonal items for a cheaper price to avoid having unsold merchandise that will either go bad or sit around for another year. Also, if you go into a grocery store near closing time, you could negotiate a better deal at the meat counter or deli for items with a short shelf life.
If a store is sold out of a furniture or electronics item, but it still has a floor model on display, you could negotiate a lower price for the floor model, especially if you find it has some minor defects.
Negotiate with doctors to help pay off payday loan
Service businesses are often willing to negotiate, such as a dentist or doctor. If you are getting multiple procedures done, see if you can get a “package deal.” Also, see if you can get a discount for paying in cash up front.
You don’t need to be any kind of expert to negotiate. This is definitely a buyer’s market, so offer a price you feel is reasonable, but keep in mind you’ll probably settle somewhere in between the two prices, so don’t offer the max price you’re willing to pay right away.
You often don’t even need to make a counteroffer. Instead, you can just ask for a discount. If you don’t want to ask directly, you can ask for a “more affordable option.”
What you do negotiate for a price, be willing to walk away. If you aren’t able to do this, you will lose all leverage in negotiations when the other party refuses to lower his price.
Also, don’t take it personally. If you let your emotions get in the way, you could end up doing or saying things you will regret, and you may lose any chance to negotiate with that party in the future. People will be more flexible if they feel you are being reasonable.
The most important thing to remember is that if you don’t ask for a lower price, you will never get one, and you may need to make up the difference with another payday loan.