Dave Ramsey Chapter 7 Bargain Hunting

Which of the following is not one of the three keys to finding a bargain?

• Patience

• Fast talking

• Negotiate everything

• Knowing where to look

When negotiating, what kind of deal should you set up?

• profitable

• win-win

• modest

• slick

Which of the following is a good place to negotiate?

• Estate sales

• Garage sales

• Flea markets

• All of the above

Which is not a characteristic of cash?

• Visual

• Walk-away power

• Emotional

• Immediacy

Joe tries to bargain at an electronic store but is unable to negotiate the price down. What should be his next step?

• Walk away

• Ask about 90-days-same-as-cash

• Open a store credit card

• All of the above

Bargain hunting takes a lot of:

• Fast talking

• Courage

• Patience

• credit cards

With which technique will you most likely hear, “I have to check with my manager”?

• Good Guy, Bad Guy

• “If I” take away

• That’s not good enough!

• Walk away

If you had no money but needed an item, what would be the best option?

• Purchase it on credit with the intent to pay it in full when the bill arrives

• Borrow the money with the intent to pay it in full within 30 days

• Offer to trade services for the item

• Steal it

Who might use the phrase, “That’s not good enough!” against you?

• Real estate agents

• Banks foreclosing on mortgages

• Collectors

• Teachers

When negotiating, never:

• Tell the truth

• Misrepresent the truth

• Create a win-win situation

• Use cash