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Ginny has researched several cars, and she has narrowed down her choices to two cars. The car on the ...

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Ginny has researched several cars, and she has narrowed down her choices to two cars. The car on the ...

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

▸ leasing her next car under a closed-end lease.

▸ buying her next car with a bank loan.

▸ buying her next car with cash.

▸ leasing her next car under an open-end lease.

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Personal Finance

Edition: 2^nd

Author: Bajtelsmit

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Thanks for your help!!

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Good timing, thanks!

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