A Purchase Waiting Period Can Save You Money and Regret
My wife and I encountered a great example of the power of a buying waiting period last weekend.
We walked into a recreation store that specializes in pool tables, dart machines, and the supplies and decorations that go along with such activities. We needed some new darts as ours had entered a state of being unusable after years of use. My wife’s eyes fixated on something just as we walked through the door, causing her to suddenly stop and state, I want that!
Following her outstretched arm, I saw a tiki bar set made of bamboo. My wife thought the bar would look spectacular on our patio along with the deck furniture we purchased last year of a similar style. The employee told us the bar had been there for months, and a quick call to the owner revealed the discounted price they would offer so they could get it out of the store. The offer was several hundred dollars off the original price, but walking around the bar I started to have my doubts about whether we should buy it.
- The bamboo was split in some places
- The bar stools were wobbly
- The bar was massive, and I wasn’t sure where we would store it in the winter OR how we’d get it home.
I mentioned these things to my wife, but it didn’t reduce her desire for the bar. It was time to take a different approach. I verified with the employee that the bar had been there for months, then asked what the chances were that it sold before Monday.
I’d be absolutely shocked if that thing wasn’t still sitting there on Monday, he replied.
I managed to convince my wife that we could think about it for a couple of days, and secure a way to get it home if we still decided to purchase it. We walked out the door with our new darts, but my wife made a point to tell the employee that we’d be back on Monday for the bar.
Monday came and went, and my wife didn’t say another word about the bar.
On Tuesday, I asked for her thoughts regarding purchasing the bar.
It’s a lot of money for essentially just a decoration, she said.
I nodded my head in agreement, knowing that my request to think about it for a few days did exactly what I had hoped. I wasn’t completely against buying the bar, but it made both of us really think about the potential purchase. Thinking about it for a few days may have led us both to believe it was something we wanted. In this case, my perspective didn’t change, but my wife’s did. The important thing is that we didn’t make an impulsive decision that we may have regretted later.
How about you, Clever Friends, have you ever used a waiting period to ensure you’re making the best purchasing decision?
Brought to you courtesy of Brock