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Car Purchasing Survey
Imagine that you are on the market to buy a car. You decide to get a used car.
You go to a used car dealership, where the dealer shows you a few cars that meet your criteria – less 50,000 miles driven, and no accidents / other incidents.
Below you will see the used cars that the dealer shows you, along with the asking price.
The mileage on all these cars ranges between 40,000 and 50,000 miles.
Note that there is often quite some room to negotiate the price of used cars with dealers.
Assume your total monthly budget is about $3000 for all of your expenses.
2014 Acura TL with Air conditioning, 4 doors Sedan, All Wheel Drive, Engine 3.7L, One previous owner, MPG (City) 18, MPG (Highway) 25
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The dealer has quoted you a price of $14,500.
You can choose to offer any amount that you want for this car. It's your choice!
Remember, your total monthly budget is about $3000 for all of your expenses.
If you wanted to buy this car, how much would you offer? Select one of the options below. Each option shows the total price and the monthly payment for a typical 2-year car loan.
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$14,500 ($650)
$14,000 ($630)
$13,500 ($610)
$13,000 ($590)
$12,500 ($570)
$12,000 ($540)
$11,500 ($520)
$11,000 ($500)
$10,500 ($480)
$10,000 ($450)
2015 Honda CR-V EX-L with Air conditioning, 4 doors Sedan, All Wheel Drive, Engine 2.4L, One previous owner, MPG (City) 26, MPG (Highway) 33. The dealer has quoted you a price of $16,500.
You can choose to offer any amount that you want for this car. It's your choice!
Remember, your total monthly budget is about $3000 for all of your expenses.
If you wanted to buy this car, how much would you offer? Select one of the options below. Each option shows the total price and the monthly payment for a typical 2-year car loan.
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$16,500 ($760)
$16,000 ($730)
$15,500 ($700)
$15,000 ($670)
$14,500 ($650)
$14,000 ($630)
$13,500 ($610)
$13,000 ($590)
$12,500 ($570)
$12,000 ($540)
2017 Honda HR-V with Air conditioning, 4 doors Sedan, Two Wheel Drive, Engine 1.8L, One previous owner, MPG (City) 28, MPG (Highway) 34. The dealer has quoted you a price of $18,000
You can choose to offer any amount that you want for this car. It's your choice!
Remember, your total monthly budget is about $3000 for all of your expenses.
If you wanted to buy this car, how much would you offer? Select one of the options below. Each option shows the total price and the monthly payment for a typical 2-year car loan.
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$18,000 ($810)
$17,500 ($790)
$17,000 ($760)
$16,500 ($740)
$16,000 ($720)
$15,500 ($700)
$15,000 ($670)
$14,500 ($650)
$14,000 ($630)
$13,500 ($610)
What is your age?
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What is your gender?
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Highest education level you have completed:
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Some High School
Completed High School
Some College
Associate's Degree
Bachelor's Degree
Master's Degree
Doctoral or professional degree
Compared to others in your community, how would you describe your household income?
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Low
Lower middle
Middle
Upper middle
High
Have you actually purchased a used car at any time in the last two years?
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No
Yes
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