Jim's 5-year-old Hyundai Elantra requires repairs estimated at $3,000 to make it roadworthy again. His friend, Julie, suggested that he should buy a 5-year-old used Honda Civic instead for $3,000 cash. Julie estimated the following costs for the two cars:

-What should Jim do? What are his savings in the first year?

Question

Jim's 5-year-old Hyundai Elantra requires repairs estimated at $3,000 to make it roadworthy again. His friend, Julie, suggested that he should buy a 5-year-old used Honda Civic instead for $3,000 cash. Julie estimated the following costs for the two cars:

-What should Jim do? What are his savings in the first year?

Quizplus · Accepted Answer

C)Geo ($3,000 + $2,280)- Honda ($3,000 + $2,100)= $180 cost savings with the Honda option

Jim's 5-Year-Old Hyundai Elantra Requires Repairs Estimated at $3,000 to Make