buying a new car can create a financial challenge because\ncar insurance rates will decrease over time.\ncar…
buying a new car can create a financial challenge because\ncar insurance rates will decrease over time.\ncar payments must become part of the budget.\ncar insurance rates will be higher than renters insurance.\ncar payments are likely to exceed available income.
Answer
Brief Explanations:
When buying a new car, car - payments are an additional expense that needs to be incorporated into one's financial budget. Insurance rates decreasing over time is not a financial challenge. Comparing car and renter's insurance is not the main financial challenge of buying a car. While car payments exceeding income is a concern, the more fundamental issue is that car payments must be budgeted for.
Answer:
car payments must become part of the budget.