ALT-1 When is it ok to Walk away from a Deal
Somehow your basic instinct will tell you when is it OK to walk away from a deal. Call it common sense, or just a feeling, but there is something inside most people that tell them when to back off.In spite of this protection that is both inherited and taught, people often find it hard, or even impossible, to resist a good deal. Something for nothing, or at a greatly reduced cost, is just more of a temptation than many can resist.There are many worn out sayings about deals that are too good to be true. Good deals do happen, even if it is always happening to someone else. Besides just the "deal" there are other things to consider. What are the hidden costs of going forward with this transaction? Will insurance or monthly payments be involved? If one has to finance a deal, it can lose its "shine" very quickly. How can this item be offered at such a reduced rate? Where did it come from? Good deals need to be examined very carefully.
Some deals seem like a blessing and are just too good to pass up. Consider several thoughts before moving forward. If the item is such a good deal, it seems the presenter would keep it for himself or herself. If your financial circumstances are in good shape a good deal may not do anything to improve them.The more exotic a deal is the more likely it can turn sour. There has to be a reason for something to be offered for less than it is worth. That reason often leads to a defect in the item or it was possibly obtained illegally. There is not always a way to know for sure.Did you go looking for the deal or did it come looking for you? Unsolicited windfalls are often placed in the way of unsuspecting recipients. If you can get something for half price and you already have one why bother? There is a trait in all of us that make us love a bargain. People who make a living presenting others with a good deal seek out and study those with this trait.A wiser decision is easier to make after considering the worst case scenario and weighing it against the benefits of completing the "deal." If you don't need it then pass it up. If any feelings of being taken advantage of or fast-talked are present don't walk away, run.
It is always more OK to walk away from a "deal" than to risk time and money on a bad one.
