Question

Jim is in the market for a car that will last for the next 10 years and has saved up some money for the purpose of a car. What’s the best transportation option for Jim?

Answer 1

Jim should use his savings as a down payment and buying the car with an auto loan.

Answer 2

Answer:

hi your question lacks the required options here is the complete question

Jim is in the market for a car that will last for the next 10 years and has saved up some money for the purpose of a car. What’s the best transportation option for Jim?

A) renting a car daily

B) utilizing his saving as a down payment and buying the car using an auto loan

C) leasing a car

D) buying a car using an auto loan

Answer : Utilizing his saving as a down payment and buying the car utilizing an auto loan ( B )

Explanation:

Jim should using his savings as down payment and buy the car using an auto loan is the best option since he has already saved up some money for the purpose of purchasing the car instead of just buying the car using an auto loan without down payment. and also considering the amount of time he will need the car as well.

other options like renting the car daily is going to be a very expensive option over the next 10 years that he will be needing the car and that makes that option a bad option in general.also leasing the car is an expensive venture over time as well.