Question: Task 4A You consider either buying or renting a new car - price 120,000 PLN. Since you don't have enough cash at hand the former

 Task 4A You consider either buying or renting a new car

Task 4A You consider either buying or renting a new car - price 120,000 PLN. Since you don't have enough cash at hand the former choice implies taking a loan. Your dealer offers you a 8 % loan with interests paid every 6 months and 2 % application fee to be repaid after 3 years in one payment 3 years old this model fetches 35 % of the purchase price. You need to cover insurance (4 500 PLN annually, typically paid at the period commencement) and service (after each 12 months, 5 000 PLN). In case of the rent, you pay 5 % upfront fee & 9 600 PLN quarterly fee. Maintenance and insurance is included in it. After 3 years you just will return the car. Make appropriate calculations and select the better option

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