MEC3010 Buying & Selling Vehicles
Advanced · 1 credit · TMT - Trades, Manufacturing and Transportation
- Description
- Students develop the skills required to make an informed purchase or sale of a vehicle.
- Prerequisite
- None
- Parameters
- Access to new and used vehicle reports and other related resources.
Outcomes The student will:
1 investigate and determine the type of vehicle that best meets a defined need
1.1 identify safety concerns when dealing with unfamiliar vehicles
1.2 identify the factors that affect the choice of a vehicle including:
1.2.1 intended use and length of service
1.2.2 required performance and economy
1.2.3 funds or financing available
1.2.4 emotional appeal
1.2.5 consumer reports
2 evaluate and describe the condition of a vehicle
2.1 identify the parts of a vehicle that can be inspected by:
2.1.1 visual means
2.1.2 road testing
2.1.3 instrument checks
2.2 calculate the value of a vehicle by:
2.2.1 having it appraised by more than one experienced individual
2.2.2 comparing the appraisal to published prices
2.2.3 calculating the value through depreciation
2.2.4 comparing with the asking price of similar vehicles
3 plan a strategy to sell or buy a vehicle
3.1 describe the advantages and disadvantages of purchasing a vehicle:
3.1.1 privately
3.1.2 by auction
3.1.3 through dealers
3.1.4 through lease agencies
3.1.5 through rental agencies
3.1.6 through government agencies
3.2 select or recommend a seller based on:
3.2.1 the seller’s reputation
3.2.2 ability to service
3.2.3 willingness to back the product
3.2.4 number of vehicles to choose from
3.3 describe the advantages of selling a vehicle:
3.3.1 on consignment
3.3.2 privately
3.3.3 on a trade
3.4 clean and restore the appearance of the vehicle to “next-to-new” standards
3.5 organize and prepare a record of the vehicle’s service and maintenance record
4 recognize the legal rights and responsibilities of both the seller and purchaser
4.1 identify legal steps when buying and selling a vehicle
4.2 prepare an offer to purchase including:
4.2.1 condition and age of the vehicle
4.2.2 dealer cost
4.2.3 profit level
4.2.4 value of trade-in
4.2.5 cost of financing
4.2.6 ability to pay or make payment
4.2.7 possible liens
5 identify safety concerns and regulations when buying and selling vehicles that have been repaired after an accident
5.1 research and identify safety concerns when:
5.1.1 buying a vehicle
5.1.2 selling a vehicle that has had extensive repairs due to an accident
5.2 research and identify Internet sites providing vehicle information; e.g., vehicle information report from Alberta Transportation
6 demonstrate basic competencies
6.1 demonstrate fundamental skills to:
6.1.1 communicate
6.1.2 manage information
6.1.3 use numbers
6.1.4 think and solve problems
6.2 demonstrate personal management skills to:
6.2.1 demonstrate positive attitudes and behaviours
6.2.2 be responsible
6.2.3 be adaptable
6.2.4 learn continuously
6.2.5 work safely
6.3 demonstrate teamwork skills to:
6.3.1 work with others
6.3.2 participate in projects and tasks
7 create a transitional strategy to accommodate personal changes and build personal values
7.1 identify short-term and long-term goals
7.2 identify steps to achieve goals
Program of Studies 2009. Source document, © Alberta Education.