Based on this unit, what THREE suggestions would you have for a friend buying his/her first car?

Car Buying Assignment 1. Identify a car that you would like to purchase. It may be your dream car or something reasonable for your current situation. Please select a new car rather than a used car. 2. Visit Consumer Reports (link below) ● ● Read the information about your chosen car, then copy and paste it in this document when indicated. 3. Visit one of the following sites that give new car pricing: Edmunds (www.edmunds.com) or Kelly Blue Book (www.kbb.com) 4. Find your chosen car and the options you would be interested in buying. a. List the base price of the car with standard equipment, the suggested retail price for the car with standard equipment, and then list each option you would choose to add to your car. Include the base price and suggested retail price for each option. b. Fill in the accompanying chart (below) as you go. 5. Add in a reasonable profit. a. The dealer expects to earn $400 – $800 per car, depending on the type of car. Economy models would be lower while luxury models and SUVs would be higher. 6. Estimate the amount you could save by bargaining and figure your total cost. 7. Make sure that the chart below is complete Questions to answer: 1. How much do you think you could save by bargaining for this car? 2. Explain why you should NOT add profit to the suggested retail price. 3. Was the time and effort involved in researching a car worth the savings you anticipated? a. Why or why not? 4. How can these websites help you when making future auto purchases? 5. Based on this unit, what THREE suggestions would you have for a friend buying his/her first car?