Question
In Lesson 7.1, you learned about three different options to finance a vehicle: buying new, buying used, and leasing. For this discussion, please pick one
In Lesson 7.1, you learned about three different options to finance a vehicle: buying new, buying used, and leasing. For this discussion, please pick one of these three options that you think is the best option to finance a vehicle. Support your argument with at least three reasons. Some things you may want to consider include:
- Depreciation (how quickly the car loses value once it is in your possession)
- Maintenance (including oil changes, car washes, tires, and things you'd need a mechanic for)
- Insurance
- Gas
- Monthly payments
- Safety (and/or possible recalls)
- Warranties
- Vehicle history (prior owners, if applicable)
- If/how it could affect your credit (for better or worse)
- Emergency costs
- Or, any other reasons you can think of!
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
