Jim is in the market for a car that will last for the next 10 years and has save up some money for the purpose of a car.what’s the best transportation option for jim?
the best option for him would be Utilizing his saving as a down payment and buying the car us an auto loan. This type of car wouldn't keep enough value to be resold after the 10 years of usage, so it safe to make an assumption that it would be put in the junk yard after the full years. With this assumption, it is wiser to use loan rather than paying the car upfront.
The best transportation option for Jim is to lease a car. It
is because vehicle leasing is where an individual is likely to lease a vehicle in
which is on fixed period of time, depending on the money agreed in regards with
the vehicle leasing.
