OBO What is your interpretation? Or Better Offer? Or Best Offer?
- Thread starter jgreg
- Start date
The Best online firearms community in Louisiana.
Member Benefits:
Fewer Ads! Discuss all aspects of firearm ownership Discuss anti-gun legislation Buy, sell, and trade in the classified section Chat with Local gun shops, ranges, trainers & other businesses Discover free outdoor shooting areas View up to date on firearm-related events Share photos & video with other members ...and so much more!
Member Benefits:
Johnnyo
Well-Known Member
When I've used the acronym it was within the context of "Or Best Offer", meaning that I was willing to negotiate a lower price but not necessarily accept the lowest offer as in an auction.
I've never heard of "Or Better Offer". I've always though of O.B.O. as Or Best Offer.
As in if I had an item worth $200 and I'm asking $150 O.B.O., then I'm asking a price of $150 but I'm willing to sell for the best offer. Usually O.B.O. is used when the seller must sell the item. Sort of like a No Reserve auction.
As in if I had an item worth $200 and I'm asking $150 O.B.O., then I'm asking a price of $150 but I'm willing to sell for the best offer. Usually O.B.O. is used when the seller must sell the item. Sort of like a No Reserve auction.
I'll try to explain it here:
Billy Bob has an El Camino he posts on Craigslist for $2500 OBO.
Nobody seems to be willing to pay the asking price but he does get an offer for $2000, and since its looks like the best hes going to do, he decides to sell it for $2000.
THAT friends, is OBO.
Billy Bob has an El Camino he posts on Craigslist for $2500 OBO.
Nobody seems to be willing to pay the asking price but he does get an offer for $2000, and since its looks like the best hes going to do, he decides to sell it for $2000.
THAT friends, is OBO.
dind,ding,ding, winner!
A thorough response, and one I'd like to express visually in the form of a Venn diagram.
OBO, for your perusal.
Last edited:
Example 2:
Billy Bob has an El Camino he posts on Craigslist for $2500 OBO.
Cletus responds to Billy Bob's ad and says he'll take the El Camino for $2500.
Before Cletus arrives with the money, Earl also responds to the ad.
Billy Bob advises Earl that Cletus has already agreed to pay $2500 for the El Camino. Earl says he's willing to pay $2700 for the El Camino.
Billy Bob calls Cletus and says he has had an offer of $2700 for the El Camino. Cletus tells Billy Bob that he has already agreed to sell him the El Camino for $2500
Billy Bob says the deal is off and he's going to sell the El Camino to Earl for $2700. Cletus calls Billy Bob a no good bastard and hangs up.
Earl doesn't show up with the $2700 and now, Billy Bob has pissed off Cletus who no longer wants to deal with Billy Bob.
See how this works, friends? Don't be a Billy Bob.
Billy Bob has an El Camino he posts on Craigslist for $2500 OBO.
Cletus responds to Billy Bob's ad and says he'll take the El Camino for $2500.
Before Cletus arrives with the money, Earl also responds to the ad.
Billy Bob advises Earl that Cletus has already agreed to pay $2500 for the El Camino. Earl says he's willing to pay $2700 for the El Camino.
Billy Bob calls Cletus and says he has had an offer of $2700 for the El Camino. Cletus tells Billy Bob that he has already agreed to sell him the El Camino for $2500
Billy Bob says the deal is off and he's going to sell the El Camino to Earl for $2700. Cletus calls Billy Bob a no good bastard and hangs up.
Earl doesn't show up with the $2700 and now, Billy Bob has pissed off Cletus who no longer wants to deal with Billy Bob.
See how this works, friends? Don't be a Billy Bob.
That venn diagram makes no sense
How is something both lower and higher than the asking price at the same time?
There is several degrees of error laterally along an asymptote running vertically at the circles' intersections. Run it through Matlab. Think Schrodinger's Cat. Check the box. Influence the measurement yourself. All will be clear.
Staff online
-
340six-Global Mod-
Members online
- Strick8
- Tacobellgrande
- hotbiggun
- BBA
- jmd025
- Bigchillin83
- do2gomike
- dbommer
- JR1572
- puritanize
- Codyjohn61
- icetraxx
- SGT ROCK
- Coyote5.0
- twinin
- Lucas
- ebert
- 323MAR
- PECEMKR
- Timdog
- #1bambam
- Mallets42
- Abby Normal
- gmshooter
- Lnw2
- Bmw69ss
- lesgeaux
- edman87k5
- 340six
- FrankEDavis
- Matthewk1114
- Gator 45/70
- BIGBORE44
- enutees
- Pops 1
- usmc-nav
- Love2shoot
- Forgotten
- Rodog
- T-boy
- MichaelPopulus
- rcourv7
- Micahbarcelona
- Ranslem9849
- lsufan1971
- Mrfixit
- OEN
- sonyman74
- Fordfella
- Jsonier820
