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Ginny Has Researched Several Cars, and She Has Narrowed Down

Question 48

Multiple Choice

Ginny has researched several cars, and she has narrowed down her choices to two cars. The car on the top of her list can be purchased with a bank loan or leased through the manufacturer's program. Ginny had a bad experience with her previous car, which gave her a lot of mechanical trouble and quickly lost its value at the time of trade-in. Ginny does not want to go through a similar experience again. She normally changes her cars every three to four years. Ginny should consider


A) leasing her next car under an open-end lease.
B) leasing her next car under a closed-end lease.
C) buying her next car with cash.
D) buying her next car with a bank loan.

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