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Extra info for Complete Idiot's Guide to Online Shopping (The Complete Idiot's Guide)
As you can see, each item has an MSRP as well as an invoice price, which means that the dealer is making money by marking up all your extras as well. Â < previous page page_147 next page > If you like this book, buy it! 51 52 < previous page page_148 next page > Page 148 Now, add the invoice price of the car to the invoice prices of the extras you want. You now have the basic price that the dealer paid for the carwell, almost, anyway. You still need to know a few more things. But hang in there; were almost done.
This kind of bidding works particularly well at a site such as eBay in which, as I explained earlier in the chapter, you can sometimes buy an item at a price lower than your bid. Some people call this strategy preemptive bidding, and it means that youll know youll never pay more than you want for an itemand you might well pay less. Its important, though, not to budge any higher after you pick your price; if you do, you can end up overpaying. Become an auction sniper. Maybe you dont have the kind of personality that likes to sit around and wait to see what happens with your bid.
The following example should help. Say youre bidding on a purple flyer advertising an X-Files pinball machine. (Taking Pinball into the Next CENTURY! ) Lets say the minimum bid is $10, and the bidding increment is $1. The current high bid is $14. You really want this flyer (Why? ), and youre willing to pay $20 for it. So you bid $20. But the bid that will show up is $15, not $20, because no one except you has bid more than $14, and the bidding increment is $1. So youre shown as the highest bidder at $15.