Question

Jamir has decided that he needs a new car. He has found the model and color he wants for a purchase price of $25,838.

To buy the car, he must put 10 percent down, and his loan is for five years with an interest rate of 4.4 percent. His payments are $432.46.

To lease the car, he can sign a three-year contract with payments of $290. He needs to provide $1,500 up front to pay initial fees and his first month's payment. His annual mileage cannot exceed 15,000 miles.

Jamir’s new job is 25 miles away from his home. What is the most important thing he needs to consider before agrees to a lease?

Answer 1

b) He will have to come up with a bigger down payment. c) His monthly payments will be higher.

Step-by-step explanation:

can't see my options but got a question like this on edge.

Answer 2

he will do more than 15,000 miles a year

Step-by-step explanation: