essay on buying a car

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1. Get a preapproved car loan and set your budget

2. research and identify your car’s must-have features, 3. test-drive the car, 4. find the right price, 5. get dealer quotes, 6. maximize trade-in value, 7. seal the deal.

Buying a car can be a daunting process. And as the auto market reels from supply chain disruptions, high prices and soaring interest rates, it can be even more difficult to find the car you’re looking for.

But even within these market conditions, there are some tried-and-true steps you can follow, such as getting a preapproved car loan before you even step foot on the lot, that can make buying a new car easier.

» MORE: Look into vehicle financing options before you go car shopping

Start by deciding if you want to pay cash or take out a loan for your new car.

Paying cash makes your budgeting process pretty simple, but don’t spend all your savings. And remember that you will also have to pay sales tax, registration and insurance.

Taking out an auto loan is the most common option, but it's important to research financing and get a preapproved car loan before you start shopping for cars. Getting preapproved for a loan will let you know how much you can afford to borrow and what interest rate you’ll likely get. This will not only help you set a budget but, also give you offers for the dealer to beat when you’re negotiating later down the line.

With your preapproval information, you can use a car payment calculator to figure out how much you can afford to put down and what your monthly payments will be. If you can, aim to put down 20% of the purchase price.

Once you know how much you can afford, you can begin comparing options that might be right for you. When researching, consider how you plan to use your car. For example, if you have a family, you’ll want enough room for everyone, plus ample cargo space. Additionally, making a list of must-have features can help you narrow down your options. For example, if safety is a top priority, you can check the Insurance Institute for Highway Safety for crash test ratings.

Aim to choose models not only for their dependability but also for their low cost of ownership . J.D. Power and Consumer Reports (which requires a paid membership) may be helpful resources; they collect maintenance reports from owners and rate cars for reliability.

When researching, check the total cost of ownership for each model. Some cars are cheap to buy, but will cost a lot in the long run because of insurance, maintenance, repairs and depreciation. Use tools like Kelley Blue Book’s Five-Year Cost to Own or Consumer Reports’ Cost of Vehicle Ownership to estimate these expenses. Sometimes, it may be wiser to pay more for a car upfront than to risk high maintenance costs down the line.

After you’ve established your criteria, search for models that meet them. Many automotive sites and car-buying apps have a car finder tool to help you identify strong candidates, as well as in-depth rankings and research guides. Filter your search according to your budget and desired features. Identify three to five target models to research in more detail.

» MORE: Car insurance comparison tool

It’s important to test-drive all the cars you’re interested in so you have a good feel for the different models. Keep the following in mind when test-driving a vehicle:

Set aside a morning or afternoon for the process, and, if possible, do it mid-week when dealerships aren't too busy.

Call ahead and schedule an appointment. That way, the right model will be pulled out and ready to go.

Select a test-drive route that has a bit of everything: hills, rough pavement, curves and even a stretch of highway.

Due to the new-car shortage, it may be hard to find what you want on the lot. You can find dealership inventories online or use an app or website that lets you quickly search multiple dealerships at once.

If nothing is available nearby that fits your needs, try broadening your search radius using an online car-shopping tool like Autolist or Autotrader to cover an entire region.

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Pricing guides such as Kelley Blue Book and Edmunds allow you to cut to the chase and find out what other people in your area are paying for the car you want. To see prices on either company's website, input the car options you want. Note that factors like color, for example, can affect a car’s price.

Additionally, make sure to see what, if any, incentives and rebates are available for the car you want. Most manufacturer websites list current offers, which typically change each month.

» MORE: Buying a car: 3 ways to save

Requesting dealer quotes by email can take the stress out of negotiating. You can ask for a price quote by emailing the dealership , or by using a third-party tool such as TrueCar that lets you quickly request quotes from multiple dealerships.

Compare the seller’s asking price to the average market price you determined through the pricing guides. Chances are, the seller is asking more than the market average.

If you negotiate in person, here are a few tips to use on the car lot:

Don’t be a monthly payment buyer. If you have a preapproved loan, you’re treated as a cash buyer. Negotiate the price of the car, not the size of the monthly payment.

Negotiate slowly. It’s easy to get confused, so go slowly and even write down the numbers thrown at you. Make sure you know whether you’re talking about the “out-the-door” price , which includes all taxes and fees, or just the sale price of the car.

Ask about fees before saying yes to a deal. Some dealers may include fees that are unnecessary. Ask for a breakdown of additional fees before you agree to any deal.

Be ready to walk. If you aren’t making progress toward a deal, or you don’t like the way you’re being treated, just walk out. 

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If you have a car to trade in , make sure you’re getting the best price for it. You can use an online pricing guide’s appraisal tool to determine what your car is worth. Make sure to fill everything out accurately, as certain features and options can add more value.

Here are some terms you might encounter:

Trade-in value: How much you would receive when trading in the vehicle.

Private-party value: How much you would receive if you were to sell the vehicle on your own.

Dealer-retail value: How much the dealer will try to sell the vehicle for.

You can also sell your car online through car-shopping sites that will give you an instant offer for your vehicle — even if you don’t purchase a vehicle from them. Having that as a reference point will put you in a better negotiating position at the dealership. If the dealer won’t beat the offer, you can always fall back on the better one.

» MORE: How to trade in a car that is not paid off

If you're negotiating by email or phone, you can ask to have the car delivered to you rather than picking it up at the dealership. Note that not all dealerships offer this service, and it’s typical for buyers to sign papers in person.

Before signing the papers, keep the following in mind:

Even if you’ve been preapproved for a loan, the dealership’s finance manager may offer to beat the terms of the loan. It doesn’t hurt to see if they can get you a better interest rate. Just make sure all the other terms of the loan are the same.

Before the contract is drawn up, the finance manager may try to sell you additional products and services. For example, buying an extended car warranty at the right price can provide peace of mind. But first, check the terms of the warranty that's included with the price of your new car. Most new cars have a bumper-to-bumper warranty covering at least three years and 36,000 miles, along with a powertrain warranty that typically lasts up to 60,000 miles. The powertrain warranty covers all the parts that make the car drivable, such as the engine, transmission and suspension.

Take your time reviewing the contract and don’t let yourself be pressured into signing just to get it over with. The contract will include the agreed-on sales price and additional figures like state sales tax, a documentation fee (which is charged by the dealer for filling out your contract) and registration fees.  

The first step to take when buying a car is to determine how much money you can afford to spend by getting preapproved for a car loan. Then, determine what car features are important to you and find a car that meets your budget, check reliability and ownership costs, test drive the car, get dealer quotes, maximize your trade-in value if necessary and then make the purchase by signing the paperwork.

You should aim to spend less than 10% of your take-home pay on your monthly car payment and less than 15 to 20% on car expenses overall, if you can. If you’re financing a car, do your research ahead of time. You can use a car payment calculator to figure out the right monthly payment for you. When you're ready to buy, try to put down 20% of the purchase price for a new car.

Dealers typically offer discounts at the end of the year, the end of the model year and around certain holidays like Black Friday. Buying a car during these times can save you money.

You should aim to spend less than 10% of your take-home pay on your monthly car payment and less than 15 to 20% on car expenses overall, if you can. If you’re financing a car, do your research ahead of time. You can use a

car payment calculator

to figure out the

right monthly payment

for you. When you're ready to buy, try to put down 20% of the purchase price for a new car.

On a similar note...

Find your next new or used car with ease

Compare prices, models, and more from over 1,000,000 cars nationwide. Shop and compare before visiting the dealer, and get a trade-in offer for your current car in minutes.

Vehicle imagery licensed by EVOX

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• Dear Life Kit
• Life Skills

5 Tips For Buying A Car The Smart Way

Chris Arnold

New cars these days have better safety features and more tech gizmos than models from a decade ago. And let's face it: Trading in a beat-up clunker with grimy seats is an enticing idea.

But many Americans make big mistakes buying cars. Take new car purchases with a trade-in. A third of buyers roll over an average of $5,000 in debt from their last car into their new loan. They're paying for a car they don't drive anymore. Ouch! That is not a winning personal finance strategy.

But don't worry — NPR's Life Kit is here to help. Here's how to buy a car without getting over your head in debt or paying more than you have to.

1. Get preapproved for a loan before you set foot in a dealer's lot.

"The single best advice I can give to people is to get preapproved for a car loan from your bank, a credit union or an online lender," says Philip Reed. He's the autos editor at the personal finance site NerdWallet. He also worked undercover at an auto dealership to learn the secrets of the business when he worked for the car-buying site Edmunds.com . So Reed is going to pull back the curtain on the car-buying game.

For one thing, he says, getting a loan from a lender outside the car dealership prompts buyers to think about a crucial question. "How much car can I afford? You want to do that before a salesperson has you falling in love with the limited model with the sunroof and leather seats. "

Reed says getting preapproved also reveals any problems with your credit. So before you start car shopping, you might want to build up your credit score or get erroneous information off your credit report.

And shop around for the best rate. "People are being charged more for interest rates than they should be based upon their creditworthiness," says John Van Alst, a lawyer with the National Consumer Law Center.

Van Alst says many people don't realize it, but the dealership is allowed to jack up the rate it offers you above what you actually qualify for. So with your credit score, "you might qualify for an interest rate of 6%," says Van Alst. But, he says, the dealership might not tell you that and offer you a 9% rate. If you take that bad deal, you could pay thousands of dollars more in interest. Van Alst says the dealership and its finance company, "they'll split that extra money."

So Reed says having that preapproval can be a valuable card to have in your hand in the car-buying game. It can help you negotiate a better rate. "The preapproval will act as a bargaining chip," he says. "If you're preapproved at 4.5%, the dealer says, 'Hey, you know, I can get you 3.5. Would you be interested?' And it's a good idea to take it, but make sure all of the terms, meaning the down payment and the length of the loan, remain the same."

One word of caution about lenders: Van Alst says there are plenty of shady lending outfits operating online. Reed says it's a good idea to go with a mainstream bank, credit union or other lender whose name you recognize.

2. Keep it simple at the dealership.

If you're buying a car at a dealership, focus on one thing at a time. And don't tell the salespeople too much. Remember — this is a kind of game. And if you're playing cards, you don't hold them up and say, "Hey, everybody, look — I have a pair of queens," right?

So at the dealership, Reed and Van Alst both say, the first step is to start with the price of the vehicle you are buying. The salesperson at the dealership will often want to know if you're planning to trade in another car and whether you're also looking to get a loan through the dealership. Reed says don't answer those questions! That makes the game too complicated, and you're playing against pros. If you negotiate a really good purchase price on the car, they might jack up the interest rate to make extra money on you that way or lowball you on your trade-in. They can juggle all those factors in their head at once. You don't want to. Keep it simple. One thing at a time.

Once you settle on a price, then you can talk about a trade-in if you have one. But Reed and Van Alst say to do your homework there too. A little research online can tell you what your trade is worth in ballpark terms. Reed suggests looking at the free pricing guides at Edmunds.com , Kelley Blue Book and NADA . On Autotrader, you can also see what people in your area are asking for your car model. And he says, "You can get an actual offer from Carvana.com and also by taking the car to a CarMax, where they will write you a check on the spot."

So he and Van Alst say don't be afraid to walk away or buy the car at a good price without the trade-in if you feel the dealership is lowballing you on your old car. You have plenty of other good options these days.

3. Don't buy any add-ons at the dealership.

If you've bought a car, you know how this works. You've been at the dealership for hours, you're tired, you've settled on a price, you've haggled over the trade-in — then you get handed off to the finance manager.

"You're led to this back office. They'll often refer to it as the box," says Van Alst. This is where the dealership will try to sell you extended warranties, tire protection plans, paint protection plans, something called gap insurance. Dealerships make a lot of money on this stuff. And Van Alst says it's often very overpriced and most people have no idea how to figure out a fair price.

"Is this add-on, you know, being marked up 300%? You don't really know any of that," Van Alst says. So he and Reed say a good strategy, especially with a new car, is to just say no — to everything. He says especially with longer-term loans, there's more wiggle room for dealers to try to sell you the extras. The finance person might try to tell you, "It's only a little more money per month." But that money adds up.

"Concerning the extended factory warranty, you can always buy it later," says Reed. "So if you're buying a new car, you can buy it in three years from now, just before it goes out of warranty." At that point, if you want the extended warranty, he says, you should call several dealerships and ask for the best price each can offer. That way, he says, you're not rolling the cost into your car loan and paying interest on a service you wouldn't even use for three years because you're still covered by the new car's warranty.

Gap insurance promises to cover any gap between the purchase price of replacing your almost-new car with a brand-new car if your regular insurance doesn't pay for full replacement if your car gets totaled. Van Alst says gap insurance is often overpriced and is fundamentally problematic. If you still want the product, it's best to obtain it through your regular insurance company, not the dealer.

4. Beware longer-term six- or seven-year car loans.

A third of new car loans are now longer than six years. And that's "a really dangerous trend," says Reed. We have a whole story about why that's the case. But in short, a seven-year loan will mean lower monthly payments than a five-year loan. But it will also mean paying a lot more money in interest.

Reed says seven-year loans often have higher interest rates than five-year loans. And like most loans, the interest is front-loaded — you're paying more interest compared with principal in the first years. "Most people don't even realize this, and they don't know why it's dangerous," says Reed.

Don't see the graphic above? Click here.

Reed says that if you want to sell your car — you decide you can't afford it, or maybe you have another kid and need a minivan instead — with a seven-year loan you are much more likely to be stuck still owing more than the car is worth. So he says, "It puts you in a very vulnerable financial situation."

A better way to go, Reed says, is a five-year loan for a new car and "with a used car you should really finance it for only three years, which is 36 months." One reason that makes sense, he says, is that if your used car breaks down and isn't worth fixing — say the transmission totally goes — you're more likely to have paid off the loan by that time.

Reed says a five-year loan make sense for new cars because "that's been the traditional way — it's kind of a sweet spot. The payments aren't too high. You know the car will still be in good condition. There will still be value in the car at the end of the five years."

Also, Van Alst and Reed say to make sure dealers don't slip in extras or change the loan terms without you realizing it. Read carefully what you're signing.

Reed says a colleague at NerdWallet actually bought a minivan recently and "when she got home, she looked at the contract." She had asked for a five-year loan but said the dealership instead stuck her with a seven-year loan. "And they included a factory warranty which she didn't request and she didn't want." Reed says she was able to cancel the entire contract, remove the extended warranty and get a rebate on it.

"But the point of it is," he says, "I mean, here's somebody who is very financially savvy, and yet they were able to do this to her. And it's not an uncommon scenario for people to think that they've got a good deal, but then when they go home and look at the contract, they find out what's been done to them."

5. Don't buy too much car. And consider a used car to save a lot of money!

"The golden rule is that all of your car expenses should really be no more than 20% of your take-home pay," says Reed. And he says that that's total car expenses, including insurance, gas and repairs. "So the car payment itself should be between 10 and 15%."

And if a new car with a five-year loan doesn't fit into your budget, you might decide you don't really need a brand-new car.

"We're actually living in a golden age of used cars," says Reed. "I mean, the reliability of used cars is remarkable these days." Reed says there is an endless river of cars coming off three-year leases that are in very good shape. And even cars that are older than that, he says, are definitely worth considering. "You know, people are buying good used cars at a hundred-thousand miles and driving them for another hundred-thousand miles," says Reed. "So I'm a big fan of buying a used car as a way to save money."

He acknowledges that which car you buy matters and that it's a good idea to read reviews and ratings about which brands and models are more or less likely to run into costly repair problems down the road. He says some European cars are famously expensive to maintain.

NPR has a personal finance Facebook group called Your Money and Your Life. And we asked group members about car buying. Many said they were shocked by how much money some other people in the group said they were spending on cars. Patricia and Dean Raeker from Minneapolis wrote, "40 years of owning vehicles and our total transportation purchases don't even add up to the cost of one of the financed ones these folks are talking about."

Dean is a freelance AV technician, and Patricia is a flight attendant. They say, "our nicest, newest purchase was a 2004 Honda Accord for $2400, bought last year, that with regular maintenance could likely last another 100,000+ miles." And they say they "can't understand those who insist on driving their retirement funds away."

Even if you buy a slightly newer used car than the Raekers', the couple raises a great point. What else could you be spending that car payment money on? And if you can cut in half what you might otherwise spend, that's a lot of extra money for your retirement account, your kids' college fund or whatever else you'd rather be doing with that money.

Correction Oct. 31, 2019

An earlier version of this story misspelled Kelley Blue Book as Kelly Blue Book.

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Buying a New Car: What You Need to Know and Do

Buying a new car is a significant investment, but it doesn't have to be a miserable experience. Navigate it intelligently with our road map.

There's one part of the new-car buying process that everyone likes: the end, when you drive away in a shiny, new-car-smell-smelling car. While the road to that end may not be fun, it's important to navigate it intelligently, especially since your car is likely your most or second-most valuable asset. With some patience and planning, we're confident you can make it through this gauntlet. (Seriously, it's not that bad.) We present these points of consideration in their general order of operations, although you may need to back up a step or two if you don't make it past Go the first time through. Hang in there. This will all be over soon enough.

Purchase or Lease?

We think it was Shakespeare who once asked, "To lease or not to lease?" That, car shoppers, is the first question to consider on this journey. There are pros and cons to both options.

Purchasing outright is a good choice if you plan to keep the vehicle for a long time, and it allows you to spread payments across many years. Once it's paid off, you have a car you can do whatever you like with—keep driving it, hand it down to a relative, donate it, turn it into a Le Mans racer. You do you. Another freedom: You can drive this car as far as you want, whereas leases have mileage caps and charge for overages. The downside is that you're on the hook for all maintenance and repair during your time with the car, and getting rid of it is your responsibility.

And then there's the option of a lease buyout , which is written into most contracts and permits the lessee to purchase the car outright for a previously agreed-upon sum. This is nice when you find you like the car and had little or no trouble with it over the course of the lease, and maybe your financial picture has changed and purchasing now makes more sense. It's like buying a used car with a history you already know, which is comforting as long as you treated it well.

Maybe you've always leased cars, and that's what you're used to. Fine. It's just good to get this decision out of the way early, as it will help narrow your search and ties directly into the next step: budgeting.

Set a Realistic Budget and Stick to It

Now that you've joined Team Lease or Team Purchase, it's time to decide how much money you are willing to part with. When doing so, also consider the potential costs of insurance, fuel, maintenance, and repair, as those can add up quickly, especially on more expensive and/or less efficient cars.

Remember that your budget is just that—yours. Throughout this process, you don't have to tell the dealer anything you don't want to. If the salesperson asks, politely repeat which vehicle you're interested in test-driving or getting a quote for. If you tell them your max, there's a chance they'll find something that hits it exactly or stretches the bounds with which you're comfortable. Remember that this doesn't have to be an adversarial relationship, and be nice, but realize that the person on the other side of the desk likely doesn't have your best interests in mind.

Do Your Research

Time to pick some potential new cars. We happen to have a handy Buyer's Guide for just that, filled with expert opinion, specs, and our own test results. We do have our favorites— 10Best Cars , 10Best Trucks and SUVs , and our Editors' Choice picks—but you can choose any car to get an idea of price, performance, and features, and we even recommend similar vehicles for you to consider. Knowing exactly what you're looking for, down to color choices and options, will save you time at the dealer. And if there are any items you're unsure of, the testing phase will help you make those decisions.

Here again it's a good idea to think a bit into the future. What kind of car will you need in a year, in five years? Will you be transporting (more) kids, commuting farther, taking trips to a vacation home? Make sure your short list is made up of cars that meet all of your needs.

Test Drive Your Top Picks

Armed with the knowledge you've gathered, now's the time to go to the dealer and kick the tires (please don't actually kick the tires). Chances are you'll need to visit multiple stores to try everything on your list.

Call ahead to dealers that say they have the car you're interested in and make sure it's still available and ready for a test drive. It can be a good idea to map out a potential route that covers urban, rural, and highway driving, especially if you are traveling to a dealer in an unfamiliar area. If there are things you definitely want to test out—a specific feature, how easy it is to get a car seat into the back, the level of new-car smell—it's helpful to bring along a checklist and any necessary props. In the heat of the moment, you're liable to forget something.

Close the Deal

Don't be pressured into a sale. It can help to have a disinterested third party along with you—think a friend or neighbor, not your partner—to act as the voice of reason and to reel you back in if you get new-car fever.

And unless you know that this is the last model equipped just the way you want it, you can pause and do some comparison shopping between multiple dealers to get the best out-the-door price. Then, by all means, bask in that new-car smell as you drive off into the sunset.

Ever since David was a wee Car and Driver intern, he has kept a spreadsheet listing all the vehicles he’s driven and tested. David really likes spreadsheets. He can parallel-park a school bus and once drove a Lincoln Town Car 63 mph in reverse. After taking a break from journalism to work on autonomous vehicles, he’s back writing for this and other automotive publications. When David’s not searching for the perfect used car, you can find him sampling the latest in gimmicky, limited-edition foodstuffs.

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Essay on Buying A New Car

Students are often asked to write an essay on Buying A New Car in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Buying A New Car

Thinking about a new car.

When you want a new car, it’s exciting. You might think of the color, the seats, and the fancy features. But it’s important to plan carefully. You need to know what you can pay and what kind of car you really need.

Choosing the Right Car

Paying for the car.

Cars cost a lot. You can pay all at once or in parts over time. If you pay over time, it’s called a loan. Remember, loans come with extra costs called interest. So, the longer you take to pay, the more you pay in the end.

Before You Buy

Before you buy the car, check it carefully. Ask questions. Test drive it to see how it feels. Make sure all the parts work well. It’s better to know about any problems before you decide to buy the car.

250 Words Essay on Buying A New Car

Choosing a new car, setting a budget.

Money is a big part of buying a car. You need to know how much you can spend without getting into trouble. This means looking at your savings and how much you earn. Remember, a car costs more than just the price tag. There’s gas, insurance, and taking care of it, which all need money too.

Finding the Right Place to Buy

There are many places to find a new car. Car dealers are popular. They have lots of cars and can tell you about them. Sometimes they have special deals. Always be careful and make sure you trust the place where you buy your car.

Checking the Car

Before you say “yes” to a car, you need to check it. If it’s new, look at everything. Open the doors, sit inside, and see if you like how it feels. Ask questions about the features. Does it have a radio? What about safety stuff like airbags?

Making the Decision

After you’ve looked at everything, it’s time to choose. Pick the car that makes you happy and fits your budget. Buying a new car is a big step, but if you take your time and think it through, it can be exciting and fun.

500 Words Essay on Buying A New Car

Introduction to buying a new car.

When you think about getting a new car, it’s like looking forward to a new adventure. A car is not just a way to get from one place to another; it’s a space where you make memories, listen to your favorite songs, and enjoy freedom. But buying a car is a big decision and involves many steps.

Deciding What You Need

Money is a big part of buying a car. You need to know how much you can spend without getting into trouble. It’s not just the price of the car; you also have to pay for things like insurance, gas, and maintenance. Make a plan for how much you can spend each month, and don’t forget to save some money for emergencies.

Researching Cars

Nowadays, you can learn a lot about cars on the internet. You can see what different cars look like, how much they cost, and what other people think about them. You can compare cars side by side to see which one is the best for you. It’s like doing homework before you go out and buy the car.

Test Driving

Negotiating the price.

Some people save money until they can pay for the whole car at once. Others take a loan from a bank to pay for the car and then pay the bank back little by little. If you take a loan, make sure you understand how much extra money you have to pay back because of interest.

Final Steps

That’s it! I hope the essay helped you.

If you’re looking for more, here are essays on other interesting topics:

Happy studying!

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Buying a Car Essay

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

Question 2: why are there so many websites offering help with buying used cars, question 3: how might the average person reduce risk when buying a car, question 4: why is used car purchase so risky, question 5: what would you expect the purchase process for a car to encompass.

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.

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.

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.

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.

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. https://ivypanda.com/essays/buying-a-car/

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

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

IvyPanda . 2020. "Buying a Car." August 26, 2020. https://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/.