In Lesson 7.1, you learned about three different options to finance a vehicle: buying new, buying used, and leasing. For this discussion, please pick one of these three options that you think is the best option to finance a vehicle. Support your argument with at least three reasons. Some things you may want to consider include:

• Depreciation (how quickly the car loses value once it is in your possession)
• Maintenance (including oil changes, car washes, tires, and things you'd need a mechanic for)
• Insurance
• Gas
• Monthly payments
• Safety (and/or possible recalls)
• Warranties
• Vehicle history (prior owners, if applicable)
• If/how it could affect your credit (for better or worse)
• Emergency costs
• Or, any other reasons you can think of!
• 
  
Would I be able to receive help on this discussion board for my personal finance class? I will copy and paste the directions below!

Answer rating: 100% (QA)

Warranties and Reliability New cars typically come with warranties providing a sense of security aga... View the full answer