3 Expenses on which you can negotiate to grab the best deal
Most consumers prefer to bargain when purchasing clothes or accessories in the market. Little do they think that if they can bargain with the retailers for purchasing normal goods, then why not for other items and services? There is nothing in this world that is non-negotiable. So, if you don’t negotiate to grab the best deal on various expenses, then possibly you’re wasting a considerable amount of money, which you could have used for other purposes. You could have utilized the money for paying off your debts on your own instead of enrolling into the debt relief programs. Read on to know about 5 costs you must try to negotiate to get the best deal.
3 Expenses you must try to negotiate
You can negotiate on the following 5 expenses to grab a good deal and save money.
- Home loan interest rates: If you have a decent credit score and are planning to take out a home loan, make sure you negotiate with the mortgage lenders or brokers before signing the contract. You should ask for a written estimate from the lenders. For example: when you go to the Lender A for a mortgage, tell him that Lender B is offering you a better deal (even if it is not true). This may induce Lender A to change the terms of the loan to a favorable one.
- Plastic card interest rates: After the enactment of the Credit Card Reform Act, most credit card companies are inventing new ways to lure customers. It is said that nearly 1.2 billion consumers got new credit card offers during the last few months of 2010. This figure is 3 times higher than that of the third quarter of 2009. Call the number which is inscribed at the back of your existing plastic card to contact the customer care department. If required, talk to the supervisor and ask him to lower the interest rate. Tell him/her that you have received better offers from other credit card companies. Ask him/her whether he/she can make a better offer or you may switch over to other card company. Who knows, the card issuer may agree to reduce your interest rate.
- Hospital bills: It is a common notion that the costs for various tests and operations in the hospital bills are fixed. But not always. You can talk to the officer-in-charge of the accounts department of the hospital and ask for the discounts available to the consumers paying the bills upfront or in cash. You can also get acquainted about other discounts available on medical procedures.
According to a recent survey, around 70% consumers have been able to lower their hospital bills by nearly 50% after negotiating with the accounts department.
Finally, if you’re planning to renovate your house, then negotiate with the contractor for discounts. The housing market is slowly recovering, so maximum contractors are willing to negotiate. Ask your contractor to reduce the labor cost and use cost-effective raw materials for repairing your home. Several contractors are ready to reduce their fees by as much as 20%. You can use this extra money to repay your outstanding loans yourself rather than enrolling into debt relief programs offered by several companies.
Ryan Smith is a contributory writer associated with the Debt Consolidation Care Community and has written several articles for various financial websites. He holds his expertise in the Debt industry and has made significant contribution through his various articles.
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