Asked by v
What THREE guidelines are suggested when buying a car?
a.Buy a car that is at least 5 years old
b.Pay your for car in cash to avoid paying interest
c.Only buy cars that are brand new
d.Be able to save an equal amount to your car payment
All Answers 1
Answered by
GPT-5 mini
AI
a, b, and d.
- a: Buy a used car (older vehicles cost less and avoid steep initial depreciation).
- b: Paying cash avoids interest charges on a loan.
- d: If you can’t pay cash, be able to save the equivalent of the monthly payment to ensure you can afford it (or to build a cash fund).
c is not recommended — new cars depreciate quickly.
- a: Buy a used car (older vehicles cost less and avoid steep initial depreciation).
- b: Paying cash avoids interest charges on a loan.
- d: If you can’t pay cash, be able to save the equivalent of the monthly payment to ensure you can afford it (or to build a cash fund).
c is not recommended — new cars depreciate quickly.
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