When you think of bargaining, if you’re like me, you think of street markets and car dealerships. In most first-world countries, people don’t generally think about bargaining for better prices. However, I’ve heard a couple of things lately that encourage me to rethink this.
First, I saw an article in a magazine (can’t remember which one, or I’d link it) that was about saving money on everyday things. One of their tips was to actually ask the doctor’s office to knock something off the cost of the bill. In my area, I’ve been told that the two major local hospitals are both required to write off a certain amount of bills each year to keep their “non-profit” status (basically, they’ve been making too much money). Now, don’t misunderstand me. I am not suggesting that you run up bills you can’t afford and then try to get out of them, or that you lie about your ability to pay, or just flat out don’t pay. Instead, I’m suggesting that sometimes, just by asking (and without a sob story), your bill may be reduced.
I’ve read from several sources that paying cash can be an excellent bargaining tool. This is the case when making large purchases, like cars or furniture, but it can also work surprisingly well with smaller purchases, too. My sister, Nadine, recently made this point quite clearly.
She was shopping in the mall (she does not seem to have inheirited so many frugal genes) and found some boots she wanted. They were priced at typical mall prices, but she didn’t feel like paying that much. So she asked the manager of the store if he could give her a deal. He named a lower price than the one marked on the boots, so she started looking in her purse. She pulled out her wallet, and then pulled out all the bills and all the change. She counted it, and told him how much money she had on her, to the penny. She had the cash in her hand (about $10 less than his offer) and was clearly ready to purchase. He said he’d take it.
Now, seriously, if you can bargain in the mall, I’d guess you can bargain anywhere. Have you ever gotten a good deal this way?