Question

Case 1: Jackson is a recent college graduate who just got his first job. He commutes approximately 35 minutes each way to his new workplace. Jackson does not have a lot of money saved and makes a modest salary. He plans on moving up in the company to a higher paying position in the next few years and will likely upgrade to a better car as a testament to his success. Should he buy or lease a new car? (3-5 complete sentences)

Answer 1

The financially responsible choice would be for Jackson to lease a car for right now. as Jackson moves up in the company to a high paying position he should pay off the car. this way Jackson isn’t in any debt while he’s making his modest income and not have any money left.