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Leonard has graduated from college and has accepted a job. He has $3,000 in savings. He will need to purchase a reliable automobile for his
Leonard has graduated from college and has accepted a job. He has $3,000 in savings. He will need to purchase a reliable automobile for his commute to and from work. Of the following options, select the most economical choice for Leonard based on the information given. Select answer from the options below Leonard purchases a 2-year-old used car for $800 down and payments of $225 per month. Monthly cost of insurance and gas is $220. Leonard leases a car with $1,000 down and 36 monthly payments of $265 each. Monthly cost of insurance and gas is $256. Leonard purchases a new car and pays $2,500 down with monthly payments of $318. Monthly cost of insurance and gas is $270. Leonard purchases a 2-year-old used car with a $6,000 down payment and payments of $200 per month. Monthly cost of insurance and gas is $230
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