Q:

What does "OBO" mean when selling cars?

A:

Quick Answer

According to About.com, when selling cars, "OBO" means "or best offer," which opens up price negotiations and other possibilities. "OBO" can be utilized to encourage buyers who might not otherwise feel they can afford a certain vehicle, and it can also be used to test the waters for attractive offers.

Know More

Full Answer

The best offer tendered for a car listed with an "OBO" is not necessarily the most money. For example, if a vehicle is listed with a price of $15,000 OBO, the seller might be willing to take less cash in a deal or perhaps take another vehicle or something else the buyer owns in a trade or partial trade. The term is also used in applications other than purchasing a vehicle, with essentially the same meaning.

Learn more about Buying & Selling

Related Questions

  • Q:

    Are there cars for sale under $300?

    A:

    Some private sellers do sell cars for less than $300 as of 2015, as do some junkyards and used auto dealers. The reliability of such an inexpensive car is likely to be questionable, and there is a good possibility it may not run at all without significant mechanical work.

    Full Answer >
    Filed Under:
  • Q:

    Where can used cars for under $1,000 be purchased?

    A:

    Used cars under $1,000 are available for purchase by using the price filters on sites such as eBay, Craigslist or Cars.com. Buyers are also able to use Autotrader's dealer locator tool to find nearby dealers to contact directly with questions about used cars available for under $1,000.

    Full Answer >
    Filed Under:
  • Q:

    Where can salvage cars be purchased online?

    A:

    Salvaged cars can be purchased online at sites such as SalvageZone.com and SalvageAutoAuction.com. These sites are ideal to begin a search because they deal exclusively in salvaged vehicles. Sites such as CarsDirect.com offer sound advice about the process of buying a salvaged car and other seller options.

    Full Answer >
    Filed Under:
  • Q:

    How do you find cars under $400?

    A:

    People shopping for cheap cars can sometimes find them in online and offline classified sections, but most cars available for $400 or less likely reside in a junkyard. Rebuilt cars might be another option to consider.

    Full Answer >
    Filed Under:

Explore