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Case 1: Jackson is a recent college graduate who just got his first job. He commutes approximately 35 minutes each way to his new workplace. Jackson does not have a lot of money saved and makes a modest salary. He plans on moving up in the company to a higher paying position in the next few years and will likely upgrade to a better car as a testament to his success. Should he buy or lease a new car? (3-5 complete sentences)

1 Answer

6 votes
the financially responsible choice would be for Jackson to lease a car for right now. as Jackson moves up in the company to a high paying position he should pay off the car. this way Jackson isn’t in any debt while he’s making his modest income and not have any money left.
User Suresh Kamrushi
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