Financial Planning Case #1: The Johnsons Decide to Buy a Car fin dq 4

Business & Finance
Tutor: None Selected Time limit: 1 Day

  • by making reductions in certain expense categories.
  • b) If they cannot make room in their budget for a $355 monthly car payment, would you recommend they finance a vehicle for 36 or 48 months? Why or why not? dq 5
Jan 4th, 2015

If they are not able to make reductions to get $355 a month for their car payments I do not reccomend they finance a vehicle for 36 or 48 months because there will be added costs like interest and the longer they are paying it off for the more interest which means they overall are spending more than 10,000 on the car.

Jan 4th, 2015

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