Janine is considering what auto costs she is going to have after buying a new Honda Civic. She has budgeted enough money for the

Question

2 years ago

14

Janine is considering what auto costs she is going to have after buying a new Honda Civic. She has budgeted enough money for the

monthly auto loan payment, gas, and auto insurance. Has Janine factored in all of the costs associated with car ownership

Business

1 answer:

Ann [662] · Answer 1 · 2022-10-09T04:09:42+03:00

Answer:

No. Janine has not factored in all of the costs usually associated with car ownership.

Explanation:

Other costs associated with the ownership of a car like a new Honda Civic that Janine is considering buying are: maintenance, license and registration, loan finance charges, and depreciation costs. These costs can drastically reduce Janine's monthly purchasing power and ability to save. The costs of owning a new Honda Civic should be compared to the cost of not owning one now vis-a-vis Janine income.