For this assignment, youwill examine the strategy of how to professionally purchase a car and minimize the more powerful party's strengths, while maximizing your own opportunities.

In this case, you will build on your first assignment to formulate and model negotiation tactics to showcase your knowledge of contract formation and negotiation and create the best total value for the buyer.

Theseskillswill also help youdescribeto a potential employer at a job interviewhow you would beginto create a supplier selection process, develop supplier relationships, and create a best total value contract. The result should be a mutually beneficial agreement: You negotiate a better agreement at a lower total cost and the seller gets your business. In the end, everyone is happy.

We will apply the strategies discussed throughout the course.

Formulate an RFI letter that you would send, and in your report, summarize the three brands you chose and why.

Formulate an RFP letter that you would send, and in your report, summarize the three models you chose and why.

Create a ranking system for the three models, or three preferred dealerships you have chosen, to determine the best value. Based on your research and your knowledge to date, you can quantify the dollar amounts or simply rank them. Primary considerations for your evaluation scorecard must include, but are not limited to:

Final all-in price. Use your best estimate from the internet and dealership/manufacturer websites. Please include the source of your information by following the APA Style Guide requirements.

Total estimated maintenance cost for the first 5 or 8 years (or longer) depending on your goals; then calculate the yearly average. This information can be found on the Internet or by reaching out to any service center.

Insurance cost - get an online quote or call your provider.

Mileage and cost of fuel per year - see car specification, type of fuel, and apply the local gas price and multiply by the estimated number of miles driven per year.

Shuttle service - do they have one?

Which of your seller options is ranked the best and why?

Now that you have identified your preferred suppliers, create a negotiation strategy. How will you leverage your knowledge and use it to create the greatest value for the buyer?

- Considering your first assignment, as well as the more detailed work you have just completed, create a negotiation strategy.

What negotiation strategies and tactics would you employ? Why?

How would you leverage your knowledge?

Is there something you would avoid? Why or why not?