Money Management - Buying a Car.
Extracts from this document...
Introduction
Jaimes Charles
Citizenship
Coursework
Money Management
Buying a Car
Section A.
F
or my first piece of coursework in ‘Money management’ I have been given the task of buying an expensive item. To help me decide which item would be the best for me, I brainstormed with other pupils a list of suitable items and here are the results.
- Holiday
- House
- House extension/renovations
- Car
- Boat
- Caravan
- House abroad (holiday home)
- Landscape garden
I have chosen a car as my item because as I am I my final year of school, I would like to learn how to drive and eventually buy a car. So this piece of coursework will act as good background information for when that time comes.
The list below shows some of the things I will consider when going to buy a car.
- Age of the car
- Car type (model)
- Price
- Tax
- Insurance
- How to pay
- Petrol or diesel
- Used or brand new
- Manual or automatic
Section B – Methods of enquiry.
Method 1
The most popular car on the road.
- To find out what the most popular car is I will give out a questionnaire and make a tally sheet. The most frequent car that appears in my survey will be the one I will tally from the most popular to the most unpopular. The reason I will be doing this is to find out what the general public is thinking.
Prices of the most popular car brought in a car showroom.
Middle
I have decided to look at loans because when I have compared the interest rates they are really expensive. I will look at a loan from a bank and a loan from the supermarket and compare the interest rates.
PREDICTION
I think that a loan from a supermarket would be cheaper than a loan from a bank because looking at the interest rates on the leaflets they are much lower than the rates of the bank.
From the list below I am going to look at THE MODEL OF A CAR and the PRICE of a car. I am putting these two topics together because the price of a car will depend on what model it is.
MODEL
To find out what model of car I should buy I could send out a survey to the general public and find out the most popular car on the road at the moment.
PRICE
To find out the price of the car I could visit a showroom and ask thm for a price list. This might differ from showroom to showroom and I want to get the best affordable price. I made up another brainstorm of factors that might affect the price of a car. Here they are.
- New or second hand
- Petrol or diesel
- Location showroom in the city or private dealer
I have decided to look at the price of a second hand car because I cannot afford a brand new one.
Conclusion
- What most appeals to you? - manual automatic
- What is your current state of employment? - full-time part-time student
Thank you for completing this questionnaire.
COLLECTED DATA
I decided to write up a tally chart to show the most popular car in my area. I did this over a three-hour period on three weekday evenings at 5.30 and these are the results that I got.
TYPE OF CAR | FREQUENCY | TOTAL |
PEUGEOT | I | 1 |
PORSCHE | IIII IIII | 10 |
VOLKSWAGEN BEETLE (NEW MODEL) | IIII IIII IIII IIII IIII IIII IIII IIII | 40 |
LEXUS | IIII | 5 |
BMW | IIII | 5 |
MERCEDES | IIII IIII IIII | 15 |
SMART CARS | IIII | 4 |
FERRARI | IIII IIII | 9 |
JAGUAR | IIII II | 7 |
FORD KA | IIII | 4 |
My tally shows that my most popular car is Volkswagen Beetle (the new model) and my least popular car is the Ford Ka. I have shown this information on the previous page.
This student written piece of work is one of many that can be found in our GCSE Gary's (and other) Car Sales section.
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