fido wants to buy a new car. he will need to get a car loan. fido decides to wait for a few months until his…

fido wants to buy a new car. he will need to get a car loan. fido decides to wait for a few months until his credit history improves. which explains whether fido is making a sensible decision?\n○ fidos decision is sensible because the selling price of the car should be less in a few months.\n○ fidos decision is sensible because the cost of the car loan should be less if his credit history improves.\n○ fidos decision is not sensible because he needs the car right away.\n○ fidos decision is not sensible because it does not matter if he buys the car now or in a few months.

fido wants to buy a new car. he will need to get a car loan. fido decides to wait for a few months until his credit history improves. which explains whether fido is making a sensible decision?\n○ fidos decision is sensible because the selling price of the car should be less in a few months.\n○ fidos decision is sensible because the cost of the car loan should be less if his credit history improves.\n○ fidos decision is not sensible because he needs the car right away.\n○ fidos decision is not sensible because it does not matter if he buys the car now or in a few months.

Answer

Brief Explanations:

Credit - worthiness affects loan terms. A better credit history usually leads to lower - interest loans, reducing the overall cost of borrowing. So waiting to improve credit can save money on the car loan.

Answer:

Fido's decision is sensible because the cost of the car loan should be less if his credit history improves.