Big Mack likes to drive new cars. The problem is that his monthly budget is very tight. He cannot always afford the cars he likes to drive. He's come to you for some advice. You learn that in a typical year he drives about 18,000 miles. He has been in four wrecks in the past six years, but none have been his fault. He doesn't have a lot of money for a down payment, and making a large monthly payment will really kill his budget. Which of the following should he do? A) Purchase a well-maintained used car. B) Use an open-end lease to get his next car. C) Purchase a new car using the smallest down payment possible. D) Use a closed-end lease to get his next car. Question 35 (1 point) Lauren is purchasing her first home for $130,000. She is using $18,000 in savings as her down payment. As a result she A) can avoid paying PMI B) can avoid paying for a home inspection C) must pay PMI D) can insist that the seller pay for PMI