Question

Mark wants a new car that costs $30,000. He only has $500 in his savings account and $300 in his checking account. Which financing option should he choose?

Answer 1

I would actually say that the best thing for Mark to do is to "Lease the car with a 0 percent down payment.". Sense he does not ave enough money to pay this car off, he would then have a better option to lease this car. By him doing this, it would help him to get to his destination faster and get things done for him.

Answer 2

Answer:

Mark should lease the car with 0% down payment.

Step-by-step explanation:

We know that the new car will cost = $30000.

Mark has only (500+300) = $800 with him.

That means Mark has only 2.66% of the cost of the car which is very less amount.

Thus Mark should have the car by leasing it with 0% down payment because in this way he will be able to buy or own the car with out giving any money for the car or without actually paying for the car and he can also at the same time can have his entire savings amount that he has as savings account and checking accounts.

Thus, he should lease the car with 0% down payment.