OBO meaning

OBO definition

Acronym for "or best offer" which indicates that the seller is willing to negotiate. If you offered $10 for a vehicle and you were the only one who made an offer, technically your offer is the best. However most sellers understand "$3000 obo" as meaning "about $3000, maybe less." Some think it means "I'll sell it for $3000; but if someone offers $4000, I will take that instead."

Dictionary of Automotive Terms Index

Automotive terms beginning with "O", page 1

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 2 3 4 8
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