In the past you have purchased cars that you have driven for 10 years or more. The mileage on these vehicles usually exceeded 100 000 and then you gave them to one of your teenaged nieces or nephews. Based on this history, your primary financial selection criteria should be
A) resale value.
B) financing rate.
C) repair expense.
D) personal preference.
Correct Answer:
Verified
Q57: The first step in obtaining a personal
Q58: A shorter maturity for a loan results
Q59: A lender that includes a large balloon
Q60: Personal loans from family members or friends
A)are
Q61: The most favourable car financing is obtained
Q63: Which kind of loan generally has the
Q64: Collateral
A)gives the lender additional recourse if the
Q66: Which is true regarding resale value of
Q67: A longer-term loan
A)costs you more in interest.
B)increases
Q78: Which of the following is most accurate
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