You are in the market for a new car. You do not have a trade-in, but you have saved $3,000 toward a down payment. You Scenario currently earn $3,500.00 gross monthly income, of which 28% is withheld for various deductions. You have heard of the 20% rule of thumb, but want to limit your payments to no more than 16% of your net monthly income because of other debt commitments. You currently have a credit score of 725. You expect to drive the car an average 15,000 miles per year. You're considering purchasing a used-rather than new car. This strategy offers several advantages. Which of the following is not an advantage of purchasing a used car? The reduced down payment required for the purchase A lack of knowledge and confidence in the mechanical condition of the car The price of the automobile Avoidance of the vehicle's significant decrease in value due to depreciation