Question

In the past you have purchased cars that you have driven for 10 years of more. The mileage on these vehicles usually exceeded $00,000 and therefore you would just give them to a younger family member. Based on this history, your primary financial consideration in selecting a car will be:

A) resale value.
B) financing rate.
C) repair expense.
D) personal preference.

Answer 1

The primary financial consideration in selecting a car will be resale value (option A).

Step-by-step explanation:

Based on the information given, the primary financial consideration in selecting a car will be resale value (option A).

If you have a history of giving your cars to younger family members after driving them for 10 years or more, it indicates that you value the resale value of your vehicles. Resale value refers to the amount of money you can get for selling a used car, and it is an important consideration when purchasing a car.

By choosing a car with good resale value, you can minimize the depreciation of your investment and potentially get more money when you decide to sell or trade-in the car in the future.