Answered: Could someone help me with their input…

Could someone help me with their input on this question please. What is the difference between a fixed and variable cost associated with owning a vehicle? How should a person prepare to buy a car

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter9: Obtaining Affordable Housing

Section9.1: Should You Rent Or Buy Your Home?

Problem 4CC

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Could someone help me with their input on this question please.

What is the difference between a fixed and variable cost associated with owning a vehicle?

How should a person prepare to buy a car?

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Rent versus buy analysis - Part 2 Which is better: to rent or to buy? The decision of whether to rent or buy housing is a personal decision that is based on both your lifestyle and your finances While most financial experts argue that the financial aspect of the decision. is important, it is also important not to base your rent- or buy decision solely on the numbers. Your personal needs and housing market conditions are important. However, it is still necessary to perform the financial analysis. Tim and his wife are trying to decide whether to rent or to purchase a new townhouse. After looking for several months, they ve narrowed their choice down to one particular house, and the builder is willing to lease or sell-depending upon the preference of the buyer. To perform a rent or buy analysis, Tim and his wife have collected the following information: if they rent, the builder will require monthly rental payments of $1,300 and a security deposit equal to two months of rent Since they…
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