The Used Car

 The Car Essay

The Used Car


You may have agreed to purchase a new Subaru from a dealer. The down payment you will have to make around the new car is $9, 400, which in turn lets you take out a loan with manageable (but steep) monthly payments. You happen to be low upon ready funds, so if you aren't come up with the down payment by selling your Volkswagen Jetta, you should borrow that at prime plus five per cent interest. You are supposed to pick up the Subaru first thing down the road morning, so you want to sell the Jetta today.

You promoted the Jetta (which is within particularly great condition) in the newspaper and also online, and still have had many calls. The only very good prospect right now is the person with who you are about to bargain – a unfamiliar person. You don't have to sell off the car to the person, but since you don't promote the Jetta right away, you should pay excessive interest (on the Subaru down payment) until one does.

The Subaru dealer will give you only $8, 800 intended for the Jetta (as a trade-in), as it will probably have to be resold to a Volkswagen supplier or to a second user car broker. The neighborhood Volkswagen supplier is not anxious to get the car a person because a large shipment of cars has just arrived; regardless, you probably would not receive more than $8, 800.

♦ ♦ ♦

Before beginning this negotiation, set the subsequent targets for yourself:

1 . The purchase price you would like to obtain for the Jetta _____$9, 500. 00_____

2 . The cost you will primarily present to the purchaser __$10, 500. 00_____

3. The lowest price you will agree to for the auto ___$9, 2 hundred. 00_______

Because you did not have got a partner, I would really like you to merely tell me how you would have well prepared for this arbitration and everything you think the end result would be. -----------------------------------------------------------------------------------------------------------

I would have got prepared to get the negation by first performing market research, seeing that I are dealing with a car. My researching the market will include searching the...


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