Preview

Buying A Car Research Paper

Powerful Essays
Open Document
Open Document
1051 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Buying A Car Research Paper
Buying a car can be a traumatic and financially draining experience, being prepared can save you money and get you a better car. There are steps you can take to reduce your out of pocket expenses and ensure you get reliable transportation. Be prepared for the salesman, pay attention to what the car has to say, and bring help. Getting the most out of your hard earned dollars is the name of the game.
First and foremost, be prepared. Find the car you want, and research it. Print the blue book values. There are three prices to be concerned about; retail, wholesale, and trade-in. Have them all for the car you want. Now that you know the value, it is time to set your price. Write down the highest price you are willing to pay for your new
…show more content…

Selling cars is their business, never forget that. Look closely at the wiring for splices, new wires, and loose or disconnected plugs. These are all signs of backyard mechanics and wannabe customizers. Professional mechanics are trained to install components and leave a factory stock look. Check the fluid levels. The oil, power steering fluid, brake fluid, and transmission fluid should all be full. If any are low check again for leaks. Smell the transmission fluid, if it smells burnt the transmission may be about to fail and I wouldn't recommend buying the car. Transmission repairs can easily exceed $2,000 on some of today's cars. Don't forget to look at the tires. Uneven tread on one side or the other could mean either alignment problems or a damaged front end. Low tread on both outside edges are a sign of low pressure and could mean a slow leak. Look for cracked sidewalls, a sun dried tire is …show more content…

Let your negotiator go first. Be sure he takes it on the highway. Driving around town is nice and may be all you need it for, but slow speed can mask a myriad of problems only found at highway speed. If it doesn't perform well, don't buy it. If it passes your negotiators test drive and you are both happy with the condition of the car, it is time to make your decision whether or not to buy the car. Once the decision is made, go on your test drive and enjoy yourself. While you are driving the car your negotiator needs to earn his keep. He needs to work hard on the salesman to get a lower price. Negotiating a good deal can take as much as an entire day. All the information you two have gathered needs to come to bear on the salesman. When you get back, be prepared to leave without the car. The salesman knows there is an 80% chance you will not return and will do anything to stop you. Be prepared for his "best deal" and if it isn't what you decided on before you walked on the lot – leave now. Eventually the salesman will get his supervisor. Be careful, he is a master at closing the sale. Stick to your guns and wait for the deal you

You May Also Find These Documents Helpful

  • Satisfactory Essays

    CARMAX CASE STUDY

    • 406 Words
    • 2 Pages

    Historically there have been three choices when purchasing a used car. First, you may negotiate with the usual car dealership. This brought many challenges, such as small inventory and limited inventory. Additionally, you had to worry about the limited financial options and their suspicious reputations. Next, you could visit the new car dealers but their main objective will be to sell you used cars. Therefore, they will also have a limited supply of used cars. Lastly, you could buy or sell privately. This sort of purchasing can bring many headaches while receiving little on return.…

    • 406 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The first thing I did was my budget to see how much I could afford for a car note. With my luck I remembered receiving a flyer in the mail about a sale coming soon at a car dealership. Once I had my budget figured out, I went to the dealership. Every car offered was not in my budget, if it was in my budget I did not like it. I decided to keep looking elsewhere. Second, I decided it would be a time saver if I shopped online. I searched three places for one particular vehicle that I grew to like. Once I found “the one” I called each dealership to get an estimate of my payments. Once I was told the amount I wanted to hear, I went the following week to purchase my new vehicle.…

    • 369 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Decide how much you are comfortable spending and what you are able to afford if paying cash up front. When the day of the auction arrives, keep in mind what your personal limit is. If there is a bidding war for one of the cars you would like to have, let it go to another person once it goes above your affordability. Then bid on the next car that comes up. You may want to take a list of their available vehicles. You can write beside each one what the Blue Book value is for them and how much you are able to afford. This may help you keep things in perspective once the thrill of the auction gets…

    • 1081 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    consumer math

    • 591 Words
    • 3 Pages

    9. What is the first step that a smart new-car buyer should take before talking to salespersons and putting a…

    • 591 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    - Some of the ways that you can save money when buying a car is to look around and make sure that you find the right car at the right price that fits your budget, as well as making sure it fits with your insurance and if the gas filling won’t be expense. You should also take your…

    • 593 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Mr. Sun

    • 2889 Words
    • 12 Pages

    Banerjee, S.(2010) ,“Study on Consumer Buying Behavior During Purchase of a Second Car” , Journal of Marketing & Communication ,6 (2),pp.4-13.…

    • 2889 Words
    • 12 Pages
    Better Essays
  • Satisfactory Essays

    Do some good research on the type of car you intend to buy. Get to know all the specifications as they usually end up determining how much you have to pay for the car. Don't rely on the auctioneers promise about the car while buying it; rely on your own judgment because once you leave the auction site the seller is no longer responsible or does not guarantee what happens to the car you have bought.…

    • 501 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Drivers Ed

    • 511 Words
    • 3 Pages

    There are many costs associated with owning and driving a car. The purchase of a car is only the beginning. There are maintenance costs, fees, tolls, taxes, fuel and insurance. For the next few questions, you will explore these costs by talking to a parent or guardian about your driving responsibilities.…

    • 511 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The long mundane car ride casual for an average saturday or sunday going down a road that is by heart memorized, but forgotten by mind. Finally the car ride is over and the cold moist air like a block of ice hits me as I step out of the car. There I am walking up to the front porch and greeted by my dad with a warm hug and a bright smile, and my brother and sister received the same treatment and walk into the medium sized house with the modern brown ikea couches, the hazelnut reclining chair with a diamond pattern and the black and silver TV on a dark wood tv stand holding the xbox one and ps4 and the cable box , the TV lights up with blue, black, silver and red as my brother presses a button on the controller.…

    • 266 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The information and online services provided through the Web site are not meant to replace the advice and cares receive from a physician or other health care professionals. It has features such as “Contact a pharmacist" to provide general drug-related information and "Contact a nurse" which can provide general medical information for non urgent questions only. The information will help to be better able to participate with health care providers in making informed decisions about care. The services provided through this Web site are for non urgent purposes only.…

    • 923 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Cheap Car Insurance Essay

    • 400 Words
    • 2 Pages

    You should get to know many things when you are trying to look for cheap auto insurance quotes. If you have zero knowledge about cheap auto insurance, it is unlikely that you will be able to get cheap rates unless you are lucky or know someone from the industry. Here are some easy tips to get cheap car insurance quotes that you can benefit from them.…

    • 400 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Wise Car Buying Process

    • 1138 Words
    • 5 Pages

    There are three types of ways to buy a car: cash, lease, and most common, financing. If you can afford cash, that is the best way to buy. It will be the cheapest and you have 100% equity in the car, it is all yours. The only downfall is that it can deplete your banking account. In the long run, buying with cash the cheapest and easiest way to buy a car. Another type of way to buy a car is financing or taking a loan. This is the most common way Americans buy a car. The car buyer makes monthly payments which means you slowly gain equity. Financing your car help keeps your savings intact, you will eventually own your car, and with a decent credit score you can get a decent deal. But on the contrary, you will not own the car fully for awhile, you still have to pay 10%-15% down, and with a low credit score it will be a higher loan. The third and final way to buy a car is leasing. Leasing is often conceived as a terrible way to buy a car.This is not true. Like any way to buy a car, there are pros and cons. When leasing you get a new car every couple of years(Hearn). The car buyer has no worries about resale. No down payment, and often get very good warranties which could save the consumer a lot of money(Hearn). Also if you use the car for work, there is potential for tax deductions. But when leasing a car there is no equity. At the end of the contract the car is gone and what…

    • 1138 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Junk Car Research Paper

    • 509 Words
    • 3 Pages

    Over the years, the amount of money pumped in keeps increasing and if one cannot afford to regularly maintain it, within no time the car may be not more than a piece of junk. Do not consider your non-running car as a scrap. It is a recyclable component that has a value. As a lot of industries are now dependent on such scrap, the price of junk car removal is increasing rapidly. A few years back, many people may have told you that your unused car is good for nothing and that you could just beacon it. Thankfully, in today's time this is not the right advice as you can get price for junk car removal. It is normally believed that the process of removing the junk car from your barn will cost you a lot. This is not true and you can make a reasonable profit in the process.…

    • 509 Words
    • 3 Pages
    Good Essays
  • Good Essays

    My Go Car Research Paper

    • 582 Words
    • 3 Pages

    One bright morning in Lawton, Oklahoma. The weather was nice and a little windy. The weather was just right do do something fun.…

    • 582 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Every college student knows the importance of owning a reliable car. A car that can fulfill students' transportation needs without draining their bank accounts. I, myself a student, have owned a ninety three Mazda MPV. Purchasing this car was the biggest mistake of my life. It broke down almost every week. I remember once when the engine overheated due to a leaking radiator. The car suddenly stopped in the middle of the road; it was very frustrating. I had to push the car back home! I have owned this car for a year. During this year, I ended up spending 3,000 dollars on repairs, 500 dollars more than what I have paid for it. I eventually ended up selling it for 1500 dollars. Buying my second car took me a long time. I did not want to make another mistake. I took my time to do some research. I was looking for an affordable, safe, economical, and most importantly reliable car. I decided to buy a Honda Civic. I am very happy with this car. Having had a terrible experience with my first car, I do not want a low budgeted student like me to go what I went through. Every student should own a Honda Civic.…

    • 919 Words
    • 4 Pages
    Good Essays

Related Topics