...How to Buy a Perfect Used Car Used car buying is a huge industry to people and dealerships. New cars are so expensive that it makes a huge demand for used cars. A good thing about buying used is you can get a nice used car for a lot cheaper than new. You can also buy a used car that ends up being a money pit. There are ways to prevent that from happening. Used car buying can be easy and stress free with the help of some tips. • First thing you want to do is research different cars. You want to make sure the car you buy is one that you would love to drive. Buying a car is one of the biggest investments in life and you want to make sure you it’s one you’d want to drive every day. • Once you find the car you would love to have, look up what people and dealerships are asking for that specific vehicle. Kelly Blue Book is a good reference to car buying. It will tell you how much to pay and what they sell for. You could also look up reviews. Whenever I buy a car I look It up in Kelly Blue Book and get a lot of information about it. • After finding a fair price that the car is worth then you have to decide whether you are going to buy from private party or from a dealership. Private party is usually a lot cheaper but can cause way more money in the long run if you don’t know for sure what you are buying. With a dealership you will be paying a little more, but have more peace of mind knowing the dealership went through everything making sure the vehicle was in good working order...
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...Professor Gudino English 107 B February 20, 2016 Shopping for a used car Like most of us, this area could be very frustrating and a process that could take all day. After all research has been completed, picked out the car you want, now it is time to go to the dealership and make your purchase. When you get there you are most likely greeted by a salesman or women. This is going to be your main person of contact during this process. Car buy is something that you need to stand firm on as the sales person will try to get customer’s to spend the most money possible. Doing so will let the sales person make more money off of the sale as this is where they make all their money. After you find the car that you like, a test drive would be the next step in the process. Test drives is a very important step in the used car buying process. Want to make sure that the car drives smooth with no known problems at the time. When the test drive is completed, this is the part that will make you want to pull your hair out. Talking with the sales person about price is a back and forth battle with the sales person and his/her manager. Like stated above, they want to make the most money possible, so they will always start high and try to close this deal as quick as possible in a blink of an eye. During the research phase, most time has been spent on the internet most of the day to find the car worth buying. After visiting website after website, your brain is most likely fried...
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...on the purchaser from gatherings, for example, family, companions, games, reference gatherings, and society by and large. Understanding consumer behavior gives the marketer an opportunity to see the effects of demographical variables on consumer preferences (Solomonet al, 202). Marketers apply this knowledge to segment customers when marketing their services and products. The consumer’s responses vary depending on the product and individual background such as lifestyle (Schiffman et al, 2009). For instance, when a company is marketing a car it segments the consumer’s according to theirpreferences which differ across demographic variables. Individual lifestyle attributes of interest may affect consumer’s preferences. Lifestyle of an individual affects the consumer’s choice on products to buy. For instance, the type of car the consumer wants will be influenced by his lifestyle. An example of lifestyle that may influence the type of a car that a person wants to purchase is highly affected by his beliefs and value systems(Schiffman et al, 2009). A...
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...Purchase Risk Assessment PROJ 595 – Project Risk Management Introduction Major life decisions should never be taken lightly. The only major life decision that I have ever made was buying my first car. When it comes to buying a car there are always a slew of risks that come with it. There were many things to consider here before even going out to visit the dealerships. First would I buy the car new, if so which car maker would I go with, each car maker has their own risks that come with buying their car. Or would I go the used route and tackle all the risks that come with buying a used car. I also needed to consider which route would be cheaper for me in the long run. In the end I ended up buying a new car despite the known risks and the sneaky unknown risks that snuck up on me. Risk 1 – Insurance One the biggest risk that people should look at when buying new, which I unfortunately did not do, is to see how much of an increase it will add to your insurance. Before buying my new car, my car insurance was in the mid hundreds. It was fine because I received my previous car as a hand me down and I did not have to make car payments. But, after everything was said and done and I got the new car I went to the insurance agency to update to my car insurance. To my surprise, the monthly car insurance jumped up nearly an extra two hundred. There were many reasons why, but one of the big reasons for the increase was the fact that 2012 models added a major increase. This was something...
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...Cundiff Supply and Demand Paper 08/25/2013 The one good that I purchased and have experience with is buying a new car. Buying a new car was very beneficial for me, but I had to shop around at many car lots before I chose the car that I bought. The reason I had to shop around is because the type of car that I wanted was not available at a few of the places I went due to the economy. That is one of a few reasons why a certain car may not be available in a certain area. The supply and demand for cars can change in a matter of hours, because of the economy. It takes money to pay workers to make cars and it takes money for potential customers to shop around for those cars. If the economy is not doing so well, then that means that jobs will be hard to find and the demand for cars will start to decrease. The price of gas may fluctuate and that changes the demand for cars, because people choose to use public transportation instead. When the demand for cars starts to decrease then the supply of the cars will start to decrease, because they are not selling enough to make room for the others. Another factor that could change the supply and demand of cars is the weather. That sounds crazy, but it’s true. A lot of our cars in the U.S. comes from overseas. Japan is well-known for their import cars and many people in this country buy those types of cars. If there are a lot of hurricanes during hurricane season then the supply could start to decrease due to the...
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...good I have chosen for this supply and demand paper is buying a new car. I just bought a brand new 2012 Honda Accord LX from the Crystal lake, Illinois Honda dealer. I traded in my old 1999 Honda Accord EX which had 195000 miles on it. I had bought that car new as well from the Honda dealer. I was going to get my old car fixed but it would have cost me 2000.00 the Honda dealer said. They suggested I buy a new one and I was promised a good deal because sales were low for them. I made the decision to trade my old Honda Accord for 4000.00 and get the new one. I am so happy I made the right choice of buying a new car instead of throwing money away in the old one. In this paper I would like to talk about factors that could cause possible changes in the supply and demand when buying a new car. Determine at least two substitutes there may be for new cars. Also, check at least two complements there may be for new cars. Lastly, determine the key determinants of the price elasticity of demand. Some of the factors that could cause possible changes in supply and demand when buying a new car are when there are high unemployment rates and lower wages, the demand for new cars will be less. When people have a good job and make more than minimum wage they may buy a car for every driver in the house and then the demand for new cars will automatically increase. Also, when gas prices are really high people may avoid buying new cars especially since a lot of newer models have really big...
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...Buying a Used Car Tonya M. Bailey AIU Online Abstract Buying something new is exciting for everyone. Being able to use restraint and performing certain tasks before making that purchase is hard for most. Cars can be very expensive to repair and maintain. Knowing how to make sensible choices can be very challenging. Purchasing a Used Car Buying a used car can be an exciting time for a family. It can also be a frustrating experience since most used cars are sold without any warranties. Before a car is purchased certain processes must be considered because the repair cost of a vehicle can be very expensive. Dealer of Choice Knowing which dealership to visit is the first step in the used car purchase. Used car salesman has a reputation in not having the customer’s needs at the top of their priorities. They can be persuasive and have you paying more for a car than you can afford. Ask friends and coworkers for referrals. Check the business credentials through the better business bureaus and read the reviews posted by past customers on their website. This will ensure that if any problems do occur they are able to conduct themselves as professional people and the problem can be resolved. Test Drive Secondly, a test drive of the intended vehicle must be performed. Driving the vehicle on different terrains of road and accelerating at different speeds should be done because it allows the purchaser to get a feel for the handling of the vehicle, the power of the...
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...COMPOSITION AND COMMUNICATION I New or Used Car My daughter just got her driver’s license when she turned 18 years old now that she’s going to college and she is working a part time job, we are looking into different options of buying her either a new car or used car. We want to find the best car for her. Some of the factors we are considering are gas mileage, car repair bills, the reputation of the different dealerships, and would she be better off in a new car or a used car. We have fights everyday over to the use of my truck, if we were to get her a car of her own there would be no more fights. Regardless of what option we choose, new or used, it would still be new to her and she will be very happy about getting it. When she’s driving back and forth to school she is putting a lot of miles on a car. She has to go to school about twice a day for a short period of time. When she’s working, that’s not as bad as its, less than 2 minutes from our home. So on a normal day she starts outgoing to school, back home, where she does homework for about an hour, and then to work for 2 hours. After she’s done working she comes home and gets ready to go back to school for two more hours. With all the driving she does, we want to make sure she gets a car with good fuel performance. That way she’s not using all of her pay check to pay for gas. I don’t want her to buy a car and have to invest hundreds to thousands of dollars into fixing the car due to how much she has to drive it. Our...
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...Program of Study | FIN 1103 | | Finance FIN 1103 Week 7 Individual Work Deciding to Buy a Car and Renting Versus Buying a Home Assignment Instructions | To complete this assignment: 1. Answer all of the questions below in the space provided. 2. Reflect on the information presented in this week’s lesson and provide an insightful response to each question writing no more than two paragraphs. | Save and Submit to Dropbox | 1. Save your work as a Microsoft Word 2010 (.docx) file that includes your name, course code, and title in the file name. For example: JaneSmith_FIN1103_Week7.docx. 2. To submit your assignment, go to the Dropbox and click "Submit Assignment." 3. Click on the drop-down menu to select the Week 7: Individual Work basket in the Dropbox. | Objective: Compare financial alternatives for major purchases Locate the Financial Planning Case on page 243 of your textbook and complete Case 1. Locate the Do the Math on page 280 of your textbook and complete number 3. Financial Planning Case 1: The Johnsons Decide to Buy a Car | After three years of riding a bus to work, Belinda finds that she can no longer do so because her employer moved to a location that is not convenient for public transportation. Thus the Johnsons are in the market for another car. Harry and Belinda estimate that they could afford to spend about $10,000 on a good used car by making a down payment of $2,000 and financing the remainder over 24 months at $355 per month...
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...Choosing a Car Choosing a car to buy is one of many important choices in life. Most people are very picky when it comes to choosing a car. The three important factors when buying a car are the price, appearance, and the name brand. When buying a car, the price of the vehicle is important. If the customer is a wealthy individual, they would purchase a new car. When buying a new car the buyer is able to test drive the vehicle, and if the car and price meets their demand they are ready to buy the vehicle. If a customer is looking for a cheap car, they would purchase the vehicle from a used car lot or a car auction. At a used car lot you are able to test drive the vehicle and see how the brakes and other features work. In contrast, at a car auction the consumer is only allowed to see what the car looks like and listen to how the engine sounds on each vehicle that is being auctioned. Then, when they find the one that will best meet their demands, they will place a bid. Looks mean everything when it comes to choosing a car. When buying a car most people choose their car based on what color it is and the appearance of the car itself. Before picking a color for their vehicle, the customer looks the appearance of the car such as size of the vehicle and the interior of the vehicle. If the customer wants a large vehicle where they can haul heavy objects such as a trailer, they would purchase a heavy duty truck such as a Ford F150. If they are looking for a family vehicle they would...
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...2560 × 3822 Caption Buying a used car that's been part of a fleet can have hidden risks. Alternate Text Group When buying a used car, many drivers seek out fleet cars. Used as rental cars or company vehicles, fleet cars tend to be well-maintained and sold at attractive prices when their life of service ends. It's possible to get a great deal on a nice vehicle if you buy a fleet car, but it's not always smooth sailing. The drawbacks of fleet cars include the risk of hard usage, high mileage and hidden accidents. You may also find your choices limited to vehicles at the poverty spec level. Used and Abused Many people don't treat rental and company cars kindly. Cigarette burns, spilled soda and hard driving just don't seem as problematic when you're not the one who has to fix the issues. Rental cars are often sold with fairly low mileage, but there's no way to know how hard those miles were. Company cars, too, often have harder lives than privately owned vehicles. Some buyers shy away from fleet cars for this reason. Mileage To keep cars fresh and appealing to customers, rental car agencies often sell their cars when they reach a certain mileage level. Company- and government-owned vehicles, however, aren't always similarly situated. To save money, these agencies sometimes...
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...essay week_3 Buying a Car Purchasing a vehicle can be real helpful for transportation. There are a lot of people out there that have no vehicle that are struggling to get where they want. That’s why buying a car is important to me because I remember when I didn’t have a car, I would always have to take the bus or ask a friend for a ride. I have always liked cars ever since I was a little kid. I like everything about cars. There are a lot of different things about different cars that you would have to look into before purchasing your vehicle. When I was seventeen I already had bought my first car. I had a 1998 ford escort station wagon. I bought that car for $800. The car was in a great condition but it was pretty old. That car was lucky for me because I passed my driving test in that car the very first time I took it. My family was also driving that car to go to work and for personal use. I had to put money into it to keep it running. That car lasted us about five years. Then we had to get rid of the car because the condition of the car was terrible. The second time I bought I car I knew I couldn’t buy a used car, so I was looking around for low mileage cars for cheap and great condition. I did a lot of research after all the research I came up with a great plan. I thought about buying a brand new car but I knew that was out of my budget. During the Christmas break in 2013 I went to the Nissan dealership near my house looking for good deals and also good cars. Then I...
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...Back in the 1960s, Ford, GM, and Chrysler (the big three) dominated car production in the United States. People who held manufacturing jobs with these companies were well paid, had great benefits, and lived the American dream. When the 1970s brought higher gasoline prices, small foreign-made cars became popular in this country because of their fuel efficiency. The big three lost their dominant share of the U.S. auto sales market and many American auto workers lost their jobs. Since then, there has been a lot of patriotic fervor for buying American made cars to support American jobs. Thanks to globalism, this is difficult to do because in fact, the American made car is a car-misconception, a myth. The sad fact is that buying American made today...
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... * Survey Second hand car market using secondary data. * Finding gaps and Increasing pre-owned Car sales. * Assessing Second hand Cars Residual Value. * Enhancing customer requirement knowledge and satisfaction. Need For the study: The automobile sector has today become one of the hot areas markets. Various upcoming features have enhanced the global competition in today's Automobile sector. * As there are petty dealers in the ‘Pre Owned’ Car market in Indore. It is important to learn about the ‘Target Audience’ and the market. * To know how has Maruti handled the ‘Pre Owned’ market till date? * To know what the market share is? * To understand and work on the gaps, if any. Utility or Proposed out comes and benefits of the study: Benefit to the Organisation: With this study, the team (Srimayrit Motors) will be benefited in terms of learning 1) Changes in the target segment. 2) Learn more about the competitors. 3) Study the changes in the market conditions. 4) Awareness / knowledge about ‘True Value’ The study results also will help in making proper strategies to expand the new introduced market. Benefit to Academics: It will help us in understanding- * The market for used cars in general and market in city in particular. * Customers Decision Making Process for used cars. * Customer’s choices of brands in used car segment. * It will help...
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...CAR Explain factors that could cause possible changes in supply and demand. 1. Time of year - at end of year people want to wait for next model year. At beginning of year the current model in more demand than last year’s model. 2. Price of gas - SUV (gas guzzlers) become less desirable when gas is high. 3.Fad - going green is chic so hybrids and flex fuel and smaller cars are desirable. 4. Taxes - governments can given lower taxes or rebates to stimulate purchase and purchase of specific types. Cash for Clunkers removed any cars from the market since they had to be destroyed and new cars had to be bought. 5. Politics xenophobia- makes purchase of foreign cars less desirable. Anti-Indian or Chinese may make sales of there cars fall in the US. 6. By American fads campaigns by manuafactures; union; patroit groups. 7. Bad news about product- run away Toyotas and the jokes on the Letterman and Leno shows. Substitutes: Truck; bicycle; motorcycle; public transportation; ride share; sharing car with others (like a time share). Complements are parking space; ski/bike rack; extended warranty; insurance; stereo system; gps; alarm system; vanity license plate; custom paint; trailer hitch; sexy rims. Most people require one car so you must by a new one or a used one. It not likes a pet rock where we can all walks away from buying one. There will be a residual market (demand) at all times but probably never zero demand, Example: The competitive market that we face today has...
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