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What factors affect the prices of used cars?
Member rating: No Rating | Words: | Submitted: Fri Nov 14 2003
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AIM To investigate the factors that affect the price of second hand cars and the extent to which they do, using information made available on a database about various makes of used cars. HYPOTHESIS I predict the following factors will affect the price of second-hand cars as explained below: Make I think that the make of a car affects its second hand value because different companies make different cars. These companies make cars that differ in quality, style, prestige, etc, to other manufacturers, which obviously affects their price. It is this value that depreciates a certain percent every year according to the cars desirability and how well the car has been made. For example the second hand price of a BMW is unlikely to be the same as that of a Fiat. Age As I have mentioned before, every year a car loses a certain percentage of its value. The amount a car depreciates...
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