juanita is saving up to buy a new truck. she wants to put $4000 down and borrow the rest. that down payment…

juanita is saving up to buy a new truck. she wants to put $4000 down and borrow the rest. that down payment will lower the monthly payment so she can easily afford a new truck. she has been saving for 18 months and has half the money. it will take her about the same amount of time to save up the other half. is this a good use of credit? (1 point) yes, borrowing money is always good for business. no, a smaller down payment would get her a new truck today. yes, it is a major purchase and juanita has figured out what she can afford. no, juanita should save for the full price of the truck no matter how long it takes.

juanita is saving up to buy a new truck. she wants to put $4000 down and borrow the rest. that down payment will lower the monthly payment so she can easily afford a new truck. she has been saving for 18 months and has half the money. it will take her about the same amount of time to save up the other half. is this a good use of credit? (1 point) yes, borrowing money is always good for business. no, a smaller down payment would get her a new truck today. yes, it is a major purchase and juanita has figured out what she can afford. no, juanita should save for the full price of the truck no matter how long it takes.

Answer

Brief Explanations:

Buying a truck is a major purchase. Juanita has saved half of the down - payment in 18 months and expects to save the other half in a similar time. She has considered her affordability by making a down - payment to lower monthly payments. Borrowing for major purchases can be reasonable when one has a plan for repayment and has considered affordability.

Answer:

Yes, it is a major purchase and Juanita has figured out what she can afford.