BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 114

First, you need to decide on your budget which is the maximum you
can spend on a car and that maximum number should take into
consideration price, tax, registration, and fixing if needed.
Second, go to a web site such as cars.com and search for a car in
within your budget constraint.
Third, go to a web site such as the one for the Kelly Blue Book, and
find out whether the car is at market value, overpriced, or underpriced.
Finally, write a two page paper discussing your findings and issues to
explain or discuss:
· Explain your choice. Why did you select the car that you identified?
What are three different prices the Kelly Blue Book provides?
· Based on Kelly Blue Book prices, is the car over or underpriced?
· Did you have any surprises, prior experience, feedback, thoughts, and
so on?
· Referring to the car that you selected, discuss the insurance decisions
you will need to make. What type of coverage will you need? What is
the minimum amount of coverage you will need (based on your state of
residence) and what amount of coverage would you actually like to
have? Are there any actions you can take to reduce your premiums?
Address these questions, taking into account your current budget and
financial status.
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BUSN 380 Week 6 Problem Set 6