Stretch Your Dollar: Tips for haggling for a lower price

Holiday shoppers line up to get gifts (WTNH)

(WTNH)– It’s going to be a huge weekend at the mall and a lot of you are likely thinking about buying a big ticket item for a loved one.

We are stretching your dollar with when it’s OK to haggle for a lower price! Consumer reports says now’s a good time to brush up on those negotiating skills because it can pay off!

They put it to the test, and of the people who tried to negotiate, 59% got a price reduction and the average savings is about $84!

They tested tens of thousands of people in walk-in stores and online retailers. So here are some tips to do it successfully!

Consumer reports says the best time to haggle is in the morning or in the evening when sales staff is less busy.

Offer to pay in cash as a bargaining chip! Merchants don’t like paying credit card transaction fees.

If a discount isn’t possible, try asking for perks such as free installation, free shipping or an extended warranty.

Lastly, do it respectfully and demonstrate you’ve done you’re homework. If you’re graceful about it and can make it look like it’s in the sellers interest to negotiate with you, they’ll be more willing to hear you out.

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s