Read the scenario. Brad has a steady job, earns a solid income, and plans to live in a nearby city for the long term. He is look

Question

3 years ago

8

Read the scenario. Brad has a steady job, earns a solid income, and plans to live in a nearby city for the long term. He is look

ing to purchase both a car and a place to live, and he is very interested in building up equity and credit. Which of the following illustrates the most economically sound choice for Brad?
buying both a car and a home
leasing both a car and home
buying a car and leasing a home
leasing a car and buying a home

Social Studies

2 answers:

VMariaS [17] · Answer 1 · 2021-11-09T11:29:55+03:00

Answer is: buying both a car and a home.
If Brad has a steady job, earns a solid income, he is able to buy both a car and a home.
Lease is arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset (in this case car and house). The lessor is the legal owner of the asset and the lessee (Brad) has the right to use the asset in return for regular rental payments, this is not good option for Brad.

Furkat [3] · Answer 2 · 2021-11-09T13:05:51+03:00

Furkat [3]3 years ago

6 0

just took the quiz the answer is a) buying both house and ca