Answer to Question #229881 in Marketing for Tej

Question

Explain the stages of process of buying a car for personal use

Answer 1

1. Research car option.

This refers to the process of collecting information about different cars in order to come up with a final decision on the type of the car to buy. This is because many individuals buy cars based on what the car looks like or what they are familiar with. It is therefore advisable that instead of purchasing the same type of car you’ve always driven, it may be wiser to list the features you are looking for, and then do some research

2. Financing.

Once I am done with the type of car I am looking for, I would think about if I would like to buy new or used, or whether you want to buy or lease. This will entails the source for money to buy the car chosen. The money may be borrowed or may be taken from the savings of the buyer.

3. Take my time.

Now that I have a better idea of my price range, I would then start shopping around for selection and dealer incentives for my particular car choice. This is because it is not good to rush out and buy the first car you see on an impulse.

4. Negotiate.

Once I am done with finding the car that I am comfortable with, I would now start negotiating the price.

5. Take Precautions.

As a buyer, I should be cautious about the condition of the vehicle to avoid purchasing the undesired one. This can be achieved by taking time to go through all the paperwork and also make sure to test drive the car.

6.Payment Amount

Here, as a buyer I would determines the final amount to be paid to the seller.

7.Consider Your Other Costs.

As a buyer I should also put into consideration other costs that come along with the purchase of the car. They may include insurance, fuel and maintenance costs.