Exercise 4 – Used Car

Used Car Exercise 4 Our tax return is that we need a new fomite because ours was wrecked and the rental simple machine we were given to use after the wreck by the insurance companionship is about to expire, leaving us no mode of transportation. We atomic number 18 looking at into buying a used vehicle from an advertisement in the topical anaesthetic paper. We werent sure if the vehicle was still avail equal so we wear c everyed the proprietor and inquired. We do non know who we argon buying the automobile from however we atomic number 18 diverted in purchasing the Volkswagen Jetta because of the advertisement in our local newspaper.Just from reading the automobile ad we deem that the gondola fits all our needs and we need to get in touch with the owner fast in order to annoy sure they get dressedt sell it to aroundone else. In order not to crap all our eggs in one basket, we have an opposite vehicle persuasion that female genitals be acquired, but its an older 1995 Jeep Cherokee for $3,800. 00. We argon hoping to get the Jetta for less(prenominal) than the Cherokee, or somewhere within our budget, but if we cant, we can always buy Cherokee for less.The publicises that be or so primal ar savoring to come up with a mass that will come across thefinancial limitations we have while getting something that is worthwhile and will give us a return on our investment. The issues that are less important are believably taking a vacation at this point if it mover losing out on a automobile that will be sound for us. The issues linked are trying to find a replacement in brief as we will have to return the rental since the insurance go with will no longer give in forit. An other(a) linked issue is finding a vehicle within our price range so we dont have to take out a car loan that will most likely yield high interest.Issues that are not linked are the two different kinds of vehicles, the Jetta and the Cherokee. Our interest on purchasing this vehicle is to acquire a means of transportation and action an urgent necessity with a tight budget, because right now we are renting a car, and our lease agreement is about to expire. We do not plan to renew the lease because it is getting too expensive for us therefore, time pressure and monetary price are two important factors in our interest. To accomplish our goal of getting the transportation we need, we intend to unload a minimum of $3,500. 0, depending on the vehicles conditions however, we are considering to pay for this car up to $4,100. 00 as settlement, with at least six calendar month warranty from the seller, and if the negotiation fails, our best alternative(BETNA) will be to purchase a 1999 Jeep Grand Cherokee, listed for $3,800. 00 despite its high mileage, the Jeeps is a US do vehicle of low maintenance and easy fix, with a good constitution in the vehicle market. Our preferred settlement would moodlly be to purchase the Jetta since it seems it would fit into what we need for our job at this time.We are willing to trade wind off on possibly a couple of hundred dollars but we must see what the car needs, it could possiblly need new tires, brakes or other things where we could ask for some leeway to try to save ourselves some notes. By calling and getting to know the seller of the Jetta we realize that the other person isnt just trying to get rid of the car just for the sake of getting rid of it. They are selling this vehicle because they are in need of something else too. We are trying to access were they are coming from, but they arent giving us much to go on, other than they need to sell the car.This party is required to be voluminous in this process, they are the ones selling the car and if we can get it for less than they are asking, then it will require them to negotiate with us. At this point, we dont have too much information about other party we just know they have a vehicle they are trying to sell and we assume it is in o rder to purchase a newer vehicle. The issues they have will probably be trying to get the most money out of the Jetta they are trying to sell while we try to lower their asking prices and come to a mutual understanding.We feel that that precession for the seller is that they may have another vehicle in read/write head to purchase, or something that they need to purchase rather quickly and they will probably need to sell the Jetta as soon as possible in order to make the other purchase. Our Interest is to get the most unquestionable vehicle that will service our needs for the least amount of money and at this point weve had no past relationships, if we settle on this deal well just need the title of the car signed over to us.No further relationships are really needed but would be beneficial in case we have any issues with the car and questions may arise. We roleplay to use collaborative strategy, because we believe that we may need the seller in the prox, whenever our financia l situation gets better however, we dont want to sustain money either, we want both parties to make something and establish from this point on a relationship.We believe that we could work together in the near future and this deal could come in to play in the future however, were thinking that the other team may use a war-ridden strategy and try to make more than than money. Our research consisted of looking up the Kelly Blue Book Value on the car and getting an idea as to what the car is actually worth. We also wanted to see what the bell of the exhaust system since that component of the car means we will have to shell out more money soon, so we need to make sure that we get that out of the car cost to be able to pay for that expense in the future.We feel the other party has their interest in mind, they ultimately want what they want for their vehicle, but if we could throw in some elements to get the cost down, we will do so. Our tactics at first was to just get a feel for wh ere they were and the urgency in which they needed to get rid of their car. We added in the element of being a single mother of 4 children and getting to work to pay for their food, having a safe vehicle for them to be in and a vehicle that would not cost so much to use.Our first negotiation took place feel to face. We threw out the first offer and they countered, that is where our negotiations began. We had a few phone calls from the owner to meet up, but they failed due to other obligations. We decided communicating via e-mail would be our best option. Since we knew we had another vehicle option we decided to draw low and work them towards our goal. Getting the first offer out was censorious to start the expectations. We started at $ 3,500,and gradually got higher.Since we were trying to accommodate money for a trip and a car we provided them details that werent true and we cease up getting the vehicle for $4,700. 00, a few hundred dollars more than we hoped to pay. We were tr ying to get the car and still take our trip that was think in advance. But, by having to spend a few hundred more for the Jetta then we originally planned it cost us our trip. We had to choose what was more important our trip, or having a reliable car and having a reliable car in order to be able to go to work, go through and function in life was the route we chose.