A 22 year-old male university graduate has just started his first job. He currently lives at home with his parents and is only paying a small amount in rent to his parents. He has applied for a loan of $20,000 to buy a car to make his travel to work easier. What is the best course of action, and the correct reason for that action

Answer rating: 100% (QA)

Given the situation of the 22yearold male university graduate who has just started his first job several factors should be considered before deciding ... View the full answer