Question
A New Car for Nick & Aliyah Nick and Aliyah have been married for 4 years. Both Nick and Aliyah currently work; Aliyah as a
A New Car for Nick & Aliyah Nick and Aliyah have been married for 4 years. Both Nick and Aliyah currently work; Aliyah as a Paralegal at SK&H Law Firm and Nick as Director of Finance at Finlay Financial. Nick was recently promoted and is looking to upgrade his car. The two of them have come to the decision of buying a new 2022 Mercedes CLS Coupe for Nick to replace his current 2019 Mercedes E-Class Coupe. The new car Nick wants has a sale price of $80,600. Aliyah currently drives her recently purchased 2021 Mazda 3. The Mercedes dealership has given Nick's current vehicle an appraisal value of $38,600. Nick plans to use this amount towards his new car. The young couple is curreA New Car for Nick & Aliyah Nick and Aliyah have been married for 4 years. Both Nick and Aliyah currently work; Aliyah as a Paralegal at SK&H Law Firm and Nick as Director of Finance at Finlay Financial. Nick was recently promoted and is looking to upgrade his car. The two of them have come to the decision of buying a new 2022 Mercedes CLS Coupe for Nick to replace his current 2019 Mercedes E-Class Coupe. The new car Nick wants has a sale price of $80,600. Aliyah currently drives her recently purchased 2021 Mazda 3. The Mercedes dealership has given Nick's current vehicle an appraisal value of $38,600. Nick plans to use this amount towards his new car. The young couple is currently renting a condo in Markham, ON where Aliyah works. Nick currently commutes to Toronto everyday for his job. They have come to you requiring a loan for Nick's new car. So far you have completed the application and performed a credit check with the credit bureau on both of them. You have also calculated their loan with an amount of $42,000 at 5.0% to have bi-weekly payments of $365.54 for 5 years. With the Given Information, Perform a FULL 5 'C' Analysis.ntly renting a condo in Markham, ON where Aliyah works. Nick currently commutes to Toronto everyday for his job. They have come to you requiring a loan for Nick's new car. So far you have completed the application and performed a credit check with the credit bureau on both of them. You have also calculated their loan with an amount of $42,000 at 5.0% to have bi-weekly payments of $365.54 for 5 years. With the Given Information, Perform a FULL 5 'C' Analysis.
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