what is the highest priced vehicle they can afford? Thank you!

S ushed Principles of Financial Planning (1) Johanna Philips | 10/4/19 9:41 PM Save Homework: Module 2 Problems: Fin Consideration: Buy vs Lease Score: 0 of 1 pt 1 of 2 (0 complete) Instructor-created question HW Score: 0%, 0 of 2 pts Question Help Samuel and Grace Paganell want to replace the 1996 pickup, which Samuel drives for work. They already own two vehicles, but need to replace Samuestruck because it has nearly 225.000 me t edometer The replacement must be a vehicle that fits his job as a self-employed electrician Samuel knows that he drives a lot on the job and is worried about the high-mileage penalty on many leases, as well as the fees for excessive wear and tear. However, Grace is more concemed about the depreciation loss on a new truck purchase than the mileage penalty and would rather lease the new vehicle She also likes the idea of having a new, safer truck every few years without the hassle of resale Samuel also does not be the fact that they lease, they would not own the vehicle he will use for work Warranty protection to insure the truck remains in service is very important They feel that they can afford to spend 5560 per month over 4 years for a new vehicle, as long as their other associated expenses such an insurance, gas, and maintenance are not too high The Paganeis ke do not know where to start looking for a vehicle without the hassle of negotiating with dealerships c. What is the highest price they can pay on the new vehicle they can afford a down payment of 54 1002 Assume they finance their purchase for 48 months at 72 percent (Hint. This is a present va anar problem d. According to the National Automotive Dealer Association (NADA) guide found at www nadaguides.com, are the Paganellis better off selling the pickup or use it as a trade in? Consider both price and time in your answer f. Explain to Grace and Samuel the guidelines of leasing and whether or not it is a smart financial move for them to consider. Would they be better off with a dosed-end or open-end lease? From a purely financial perspective, would you recommend leasing or financing? (Round to the 1 Samuel and Grace can afford a down payment of 54 100 a monthly payment of 5560 and can finance their purchase for 48 months at 72 percent, then the highest priced vehicle they can afford earest cent) The Paganelis are better off (Select the best answer below) A. trading their vehicle because they will get more money than they would by selling it. However, trading the vehicle offers the convenience of not having to list, show, or trade the vehicle on their own B. selling their vehicle because they will get less money than they would by trading it. However, trading in the vehicle offers the convenience of not having to list, show, or sell the vehicle on their own c. trading their vehide because they will get less money than they would by selling it. However, selling the vehicle offers the convenience of not having to list, show, or trade the vehicle on their own k to select your answer(s) and then click Check Answer Final Check Clear All arts showing A DB OSB & 7:41 PM 10/4/2019 4x Type here to search a