“OBO” in the context of car listings stands for “Or Best Offer.” When you see this abbreviation in a car advertisement or listing, it means that the seller is willing to entertain offers from potential buyers, and they are open to negotiating the price. The seller is essentially indicating that the listed price is not fixed, and they are open to considering the best offer that comes their way.
For example, if a car is listed for $10,000 OBO, it means that the seller is willing to consider offers that are lower than $10,000. Buyers can make offers, and the final sale price may be negotiated between the seller and the buyer.
When engaging in negotiations over the price of a car listed as OBO, it’s essential to be respectful and reasonable in your offers. Both parties can benefit from clear communication and a fair negotiation process to reach a mutually agreeable price.
