<u>He should first finish the down payment of his home lease and then find a new home to purchase.
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Further explanation:
Down payment:
The down payment is an amount which is being paid for the purchase of any expensive good like car or loan.A down payment can also be called a deposit. Down payment involves a part of the total amount to be paid for the purchase of the asset or a good.
Renting and owning:
Renting is paying someone for their property or land for the use of their land or house or anything. And owning is having something of our own or the ownership of any asset or land, property, or anything.
Thus,John should first finish his down payment for the home, and after that, he should buy the house in the suburbs is the most cost-effective way for John.
Learn more:
1. Learn more about choosing the purchase of car or leasing
<u>brainly.com/question/2731676
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2. Learn more about choosing the purchase of the car
<u>brainly.com/question/1258129
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3. Learn more about renting and owning
<u>brainly.com/question/2288011
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Answer details:
Grade: High School
Subject: Business Studies
Chapter: Down payment
Keywords:John would like to move from the city into the suburbs, and has been saving up a large down payment for a home, which is the most cost-effective way for John to buy a house in the suburbs, car, goods, renting, owning, ownership, deposit.
