|Essay type:||Analytical essays|
|Categories:||Sales Automotive industry Money|
Thesis Statement: choosing whether to buy or lease a car for personal use is a serious financial decision. It is important to research terms, compare payments and calculate how to pay the scenario over the long term.
A. Attention material/Credibility Material: How do you feel when you have to wait for something you really, really want? Private cars have become basic in today’s lives to enable easy movement from one place to another. The decision of whether to lease or buy a car has been a major challenge for most of people.
B. Tie to the audience: Deciding whether to buy or lease a car is a huge problem that people undergo, and most people need advice from an expert on the best step. And it is essential to know the factors to consider while making the crucial decision.
C. Thesis and Preview: Today I’d like to talk to you about first, on the benefits and drawbacks of buying, second I will discuss the benefits and drawbacks of leasing and the points will assist in choosing whether to buy or lease a car for personal use is a serious financial decision. It is important to research terms, compare payments and calculate how to pay the scenario over the long term.
[Transition into the body of speech]: I'll begin by discussing all the benefits and shortcomings of either buying or leasing a car
A. Benefits of buying a car and what may push one to settle on decision of buying a car
Each payment that is made is going towards owning your personal vehicle. In most terms of owning a car through the loan, it usually is going for 4-5 years, and of which after completing the loan payment, an individual can have the full ownership of the car.
When making cash payment on pay and drive, it will be more convenient as one will own a car right away after making the payment, and the ownership of the car will be transferred right away.
When one decides to buy a car, there is the ability to do whatever you want and whenever you want with your car without fear of having an additional fee.
With a personal car, you can decide to drive as many miles as you wish without any worry about the penalties. Again there is no wear and tear fee when having full ownership of the car.
B. Drawbacks of buying personal and the likely activities that are likely to come with it.
The cost of buying a car is much expensive and higher than the cost of leasing a car. Therefore many people may not be able to buy their vehicle.
It is frustrating when your newly bought car has got mechanical problems if the warranty has shortly run out.
The problem of excessive mileage, tear, and wear are the responsibilities of the owners, and any damage is likely to affect the resale value of the car.
[Transition into body of speech]: Now that we have discussed the pros and the
drawbacks of buying a car, I will now discuss the
benefits and shortcomings of leasing a car.
A. Let's pay attention to the benefits that we are likely to experience from leasing a car
It is worth noting that a typical car lease payment can significantly be lower, and this will be conveniently even to the people with low monthly income. The lease payments are also based on the depreciation in the car being leased over the course of the lease, not on the full value of the vehicle.
Another thing that I would like to bring to your attention is that the car which is under lease always has full warranty throughout the lease period. Because of this, there will be no worry about mechanical failures as the costs will be covered.
Again the driver is having the choice of leasing a car, which is more beautiful and more expensive than what they would afford to purchase with their income or savings.
B. We will be looking at shortcomings and challenges that we are likely to experience from leasing a car.
It is important to note that making the monthly payments for the lease car will always require a stable and predictable income, and getting out of the lease contract is sometimes tricky (Park, 1980).
Another thing that I would like to bring to your attention when making a lease is that in the event of exceeding the maximum number of miles that are on the lease agreement, then you will be required to pay the additional fee per mile on the name of the excess miles.
The lease process is likely to come with many fees and penalties; the fees may include the down payments, the security, and license fees, which will add to higher values in the long run.
Brakelight/Transition: you can actually see that buying a car comes with lots of benefits and it is very critical and seems to be the best decision anyone can make in their lives. It also shows that an individual is making some essential personal development and progress.
A. Summary: I have tried to highlight on the importance or buying one’s own car as opposed to leasing, how you can start saving for your future car and how having personal car boost an individual’s confidence and various benefits that come with owing your own car. There are some steps that one can follow to be able to buy their car (Burgess, 1999). The steps include: identify how much you can afford; shop for a lender; seek for a car; negotiate, bargain and sign the stated contract and title and register your car. As you can see, these are some of the basic stages to look at when trying to purchase your car. It is better to try and negotiate for fair prices and the most favorable fiscal terms and conditions.
C. Tie Back to the Audience: What if a person wants to buy a car for the first time? Imagine if you had a lesser savings and want to purchase your car. Is there need for you join a car share. What are some of benefits when you save up and pay for your car in cash? Do not automatically purchase a new car.
D. Concluding Remarks: before I leave, I would like to say that it has been a pleasure being with all of you. The question we always get posed is “is it better to buy or lease a car? “It’s rather like the derelictions of youth: If you break the vase, don’t wait for mom to notice and then confess. Best to catch her when she walks in the door.” Everyone has the opportunity to start saving to buy their cars and one does not need to necessarily purchase a classy or brand new car since some of the second had car can also be effective.
Burgess, D. O. (1999). Buy or lease: the eternal question. Journal of Accountancy, 187(4), 25.Park, C. S. (1980). CASE STUDY: Buy Vs. Lease Decision of Automobiles. The Engineering Economist, 26(1), 53-74.
Vargas, L. G., & Saaty, T. L. (1981). Financial and intangible factors in fleet lease or buy decision. Industrial Marketing Management, 10(1), 1-10.
Cite this page
Paper Example on Specific Purpose: To Persuade My Audience to Buy a Car Instead of Leasing.. (2023, Aug 21). Retrieved from https://speedypaper.com/essays/specific-purpose-to-persuade-my-audience-to-buy-a-car-instead-of-leasing
If you are the original author of this essay and no longer wish to have it published on the SpeedyPaper website, please click below to request its removal:
- Volvo Group Essay Sample
- The Breakdown in Prudent Credit Practices, Free Essay in Finance
- Essay Example: Rationale Behind My Choice to Invest in Tesco and Lloyds Bank
- Free Essay Sample on 2008 Economic Crisis
- Outlining, Aristotle's Artistic Proofs, and Rhetorical Stance. Paper Example
- Essay Sample: Understanding the Complexities of Global Business and the Global Market
- Essay Sample on The Medicare Sustainable Growth Rate