2 The key is knowing how to ask the right questions, and being willing to walk away if you don’t get the deal you want. For Over 50s, who are often managing tighter budgets in retirement or looking to stretch every dollar further, mastering the art of haggling can make a real difference. Insurance: Don’t Accept the Renewal Letter One of the most common places people lose money is with insurance renewals. Whether it’s home, car, or health insurance, companies often increase premiums automatically. Before you pay, pick up the phone. Tell them you’re shopping around, and ask directly if they can do better. In many cases, you’ll be transferred to a “retention team” whose job is to keep you as a customer — often with a lower premium or added extras. Always have a comparison quote handy from a rival insurer; it gives you leverage. Buying a New Car: Knowledge is Power Car dealerships are one of the last bastions of old-fashioned haggling. The sticker price is almost never the final price. Do your homework before you go in: check online listings, talk to multiple dealers, Getting a Better Deal After 50 and know what trade-in value you can expect if you’re swapping an older vehicle. Ask about drive-away pricing, on-road costs, and extras like tinted windows or extended warranties. Even if the dealer won’t budge on price, they might throw in free servicing or accessories — all of which saves you money. The golden rule? Be polite but firm, and don’t be afraid to say you’ll think about it and walk out. More often than not, the phone will ring with a “better offer.” Electricity and Phone Plans: The Quiet Discounts When it comes to utilities, many providers keep their best deals hidden for new customers or those who threaten to switch. Call your electricity retailer and ask what discounts or plans you’re eligible for — often they’ll have specials that aren’t advertised. With mobile phones, it pays to check your usage. If you’re consistently under-using your data, you could save by moving to a smaller, cheaper plan. Mention that you’re considering moving to another provider and see if they’ll match or beat the offer. Tips for Successful Haggling 1. Do your research: Know the market price so you can recognise a genuine deal. 2. Be polite and respectful: You’ll get further with friendliness than with aggression. 3. Ask open-ended questions: “What can you do on the price?” often works better than demanding a discount. 4. Use silence: After you ask for a better deal, stop talking. The other person may fill the silence by offering a reduction. 5. Be ready to walk away: The willingness to leave often triggers the best offer. Why It Matters For Over 50s, saving money through haggling isn’t just about stretching the pension or retirement savings — it’s about taking control. Every dollar you don’t overpay can go toward things you enjoy, whether that’s travel, hobbies, or spoiling the grandkids. And once you’ve tried it a few times, you’ll realise that businesses expect customers to negotiate. So the next time a bill lands in your letterbox or inbox or you’re eyeing off a shiny new car, remember: the first price is rarely the final price. A little confidence, some research, and a willingness to ask could save you hundreds — even thousands — every year. Most of us grew up thinking that the price on the tag, the quote on the phone, or the figure on the bill was fixed. Yet in today’s world, that isn’t always true. Many businesses — from insurance companies and phone providers to car dealers and electricity retailers — build some “wiggle room” into their prices. Gold Coast Over 50’s magazine covers the Gold Coast from Beenleigh to Tweed Heads, giving you the opportunity to reach your local target market. Get Your Message Across to Your Local Target Market! Advertise with Gold Coast Over 50s Magazine For advertising call Geoff 0411 134 507 or 5527 0314 geoff@localnewsletters.com l www.localnewsletters.com Gold Coast Over Fifties Magazine The Art of the Haggle:
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