Question

Step 1 of 12 In this lesson you will shop to find the best car that you can afford and figure out whether leasing or an outright purchase is more economical. You have an apartment and a job that provides a steady income. Click Reports>>Bank Statements and write down the ending balance of your most recent bank statement. Click the X button to close the bank statements window. What is your ending balance

Answer 1

To know if it is better to rent a car or buy it according to a person's income, it is necessary to evaluate different factors.

The first factor that a person must take into account to compare whether it is better to buy a car or rent it is the income that he receives each month. For example:

• If a person receives $ 800 a month, his income is low, making it impossible for him to buy or rent a car for a long time.

• On the other hand, if a person receives $ 4,000 a month, he has the facility to buy or rent a car according to her/his preference. Some people prefer to rent a car because they do not have to spend money on repairs and other expenses, while other people prefer to buy it to have it for a long time and have it available all the time.

This situation varies according to other factors such as the purchase value of the car, the monthly rental value, the value of the repairs, the value of the fuel, among others.

Note: This question is incomplete because it does not have the complete information.

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