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Buying a Car Essay


Question 1: What is the role of the peer group in car purchase?

Nowadays, buying a car is one of the most common activities in the modern world. Despite being a definer of one’s socioeconomic status and reflection of one’s financial prosperity, consulting a group of peers when purchasing a car may help avoid some mistakes. Using the assistance of a friend when buying a used car is critical.

In the first place, he/she will help see whether all the obligations are followed by both parties. Alternatively, a friend or relative may provide all the necessary support and increase the buyer’s effectiveness in the negotiations process. Overall, peer groups can minimize the financial losses and select a car, which complies with all the needs and preferences of the buyer.

Question 2: Why are there so many websites offering help with buying used cars?

Nowadays, buying a car is challenging, as it requires a substantial financial investment and is one of the most important conveniences that help people to navigate around the city. Nonetheless, not all people can afford new products, and the used ones are gaining popularity. Overall, it could be said that the factors highlighted above underline that purchasing a car is a difficult decision to make.

This purchase is associated with many risks and threats and involves a high level of responsibility. It could be said that these matters create favorable conditions for the intensified competition and attract more and more companies to assist the potential customers in the buying process of the used cars.

Question 3: How might the average person reduce risk when buying a car?

It is evident that buying a car is a complicated process. In the first place, any buyer has to understand the main features of the preferred model. Alternatively, to reduce the risks, one can use Top Gear’s and Yahoo’s advisory services and guidance and consult the Automobile Association and the Royal Automobile Club.

These services will assist in selecting the right time, place, and date to buy a car and propose relevant techniques, which will ease the process of negotiations. Lastly, using the help of a friend or relative will offer support and help select the most suitable car model.

Question 4: Why is used car purchase so risky?

As it was mentioned earlier, buying a car involves an extended variety of risks. Nevertheless, the used-car market is more challenging. In the first place, it requires making a significant financial investment. Alternatively, not meeting the expectations of the buyer and the inability of the seller to comply with obligations are other major challenges.

At the same time, the buyers can make mistakes in negotiations and apply wrong decision-making techniques, which will question the relevance of the purchase. Overall, a combination of these factors helps understand the potential reasons for the presence of high risks when purchasing cars or any other types of vehicles in the goods market.

Question 5: What would you expect the purchase process for a car to encompass?

In the first place, the purchasing process has to start with conducting research about the desired car model and potential sellers. Using Top Gear’s website or any governmental services will help find the trusting stores and locations and provide guidance for the documentation and negotiations’ procedures.

After that, listing and contacting all the suitable sellers will assist in selecting the most relevant deals. Negotiations can be viewed as the next step in buying a car since this process can decrease the financial expenses. Using the help of a friend or relative will assist in seeing whether all documentation and car’s features meet the requirements highlighted by its owner.

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IvyPanda. (2020, August 26). Buying a Car. Retrieved from https://ivypanda.com/essays/buying-a-car/

Work Cited

"Buying a Car." IvyPanda, 26 Aug. 2020, ivypanda.com/essays/buying-a-car/.

1. IvyPanda. "Buying a Car." August 26, 2020. https://ivypanda.com/essays/buying-a-car/.


Bibliography


IvyPanda. "Buying a Car." August 26, 2020. https://ivypanda.com/essays/buying-a-car/.

References

IvyPanda. 2020. "Buying a Car." August 26, 2020. https://ivypanda.com/essays/buying-a-car/.

References

IvyPanda. (2020) 'Buying a Car'. 26 August.

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