A new report says haggling pays.
“Having the guts to ask for a discount can result in hundreds of dollars of savings,” said Tod Marks, senior projects editor at Consumer Reports.
Consumer Reports surveyed 2,000 Americans and found that nearly half, 48 percent, had tried to negotiate a discount at least once in the last three years. For their efforts, they received one or more discounts during that period.
Shoppers who haggled over the price of antiques, collectibles, appliances or furniture had the highest level of success.
Consumers who sought a discount on furniture or questioned a health-related charge saved an average of $300, while those who sought a deal on washers, dryers, refrigerators and other appliances saved an average of $200, the report said.
Men and women were equally successful when they sought discounts, but men and younger consumers, ages 18 to 29, were more likely try haggling, the report said.
Consumer Reports offers these tips:
• Be polite, friendly and smile.
• Remind merchants you often frequent of your repeat business.
• Instead of asking for a specific price, ask what they are willing to offer as a discount.
• Seek a discount if you'll be paying in cash.
• Independent stores are more likely to deal than chains.
• Be willing to walk away. If you don't think you're getting a good deal go elsewhere.