- I am going to do a survey on the general public to find out their most popular method of payment. I am going to do this by making a questionnaire, which I will hand out in Safeway’s and Tescos supermarket. The public will have to tick boxes against questions I ask. I will give the questionnaires out to a maximum of 50 people and a minimum of 30. The reason for this is to see what the public demand is and what they think is the best way to pay for a car and borrow money.
- I am going to visit my local bank and ask the staff about borrowing up to £10,000 and ask them how much interest I would have to pay and for how long. The reason is to find out if it is cheaper and easier to borrow from money from a bank.
Section C
Method 2 - Price of the car.
I have found out that the most popular car is the Volkswagen Beetle (new model) so I will use this model to find out the price. I telephoned a large privately owned car showroom and a small Volkswagen dealership down the road from where I live and found out the following results.
RESULTS
As you can see the Volkswagen from a privately owned showroom is £200 cheaper
I also found out that the most unpopular car is the Ford Ka so I will use this model to find out the price. I telephoned a large privately owned Ford showroom down the road from where I live and another showroom in Islington and found out the following results.
As you can see the Ford Ka from the Islington showroom is £500 more.
Method 3 – Questionnaire.
Our class discussed what questions we would ask the general public as regards to which method of payment they would use to buy a car.
We also discussed other questions we would ask them. From the list of questions we made up a questionnaire.
The results of the questionnaire are displayed in graphs.
How to pay for the car?
I will only be 17 when I start to learn to drive so I will not have enough money to buy a car. I will have to borrow money to help me buy the car. Here are some ways I could borrow money.
Bank loan
Hire purchase agreement
Supermarket loan
I know that a loan is when you borrow money an you have to pay a little every month for a certain amount of time until you have paid back the money you owe and the interest on top of it. A hire purchase is when you pay a deposit and d a sign a contract. You do not own the goods until you have paid the final instalment.
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.
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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. I will also compare the price of a car in a showroom in the city to the price of a car in a private dealership.
PREDICTION ON CARS
I think the most popular car will be the Audi TT and it will be cheaper to buy this car from a private dealership because they are advertised quite a lot on television. Although after I send out my survey the answers might come back very different to what I originally thought.
BUYING A CAR QUESTIONNAIRE
I am a year 11 student studying a GCSE module on Money management. As a class we are carrying out a survey to find out what is the most popular method of payment for a car. I would appreciate it, if you could take a few minutes of your time to complete this questionnaire, as it will be of great benefit to me in my coursework.
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Gender - male female
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Age - 17 – 20 20 – 22 30’s – 40’s 50’s +
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What is the most important thing(s) you consider before buying a car? - speed model colour size mileage manual automatic used brand new insurance VAT petrol/diesel model
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What sort of model would you prefer? - Peugeot Porsche Volkswagen Lexus Mercedes Smart cars Ferrari Jaguar BMW Saab Ford Fiat punto Vauxhall Mazda Toyota Honda Mitsubishi Nissan Audi Renault Citroen SUV Golf Volvo Mondeo
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Which of the following methods of payment would you use to buy a car? - Cash Cheque Credit card Loan (bank) Loan (supermarket) Hire purchase
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If you could only choose from the last three methods of payment, which one would you choose? - Loan (bank) Loan (supermarket) Hire purchase
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Why would you choose this method? - Cheapest Easy to set up Quick to pay back
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What colour would most suit your car? - Red Yellow Green Back Brown Blue Purple silver Grey Orange White
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What most appeals to you? - manual automatic
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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.
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.
