Based on your budget, which transportation option is the best financial decision for you? Explain your answer in at least two sentences.

Based on your budget which transportation option is the best financial decision for you Explain your answer in at least two sentences class=

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Answer:

compare your total monthly incoming with your total monthly outgoing. How balanced is your budget at this point? Remember that you estimated some of your expenditures. You can't know for sure until you actually track your expenses for at least a month and have real numbers to work with.

Step-by-step explanation: Basically it helps you decide how you want to manage your budget

Option C is the best choice to make the best financial decision to make.

What is up front cost?

An upfront cost is an initial sum of money owed in a purchase or business venture.

What is Monthly payment?

The monthly payment is the amount paid per month to pay off the loan in the time period of the loan.

  • According to me the best choice is Option C buy used.

this is because it's upfront front cost is less comparable to other two.

  • Whereas,  Option A is not good choice, because the monthly payments will be too high .

  • and, Option B is not a good choice.

This is because it requires high up-front cost as compared to other and there will be problem, mileage restriction.

For third option, the person will get the car outright once the loan is paid and it's cheaper.

option C is the best financial decision to make.

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