Personal Finance (MindTap Course List)
13th Edition
ISBN: 9781337099752
Author: E. Thomas Garman, Raymond Forgue
Publisher: Cengage Learning
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When you purchase a new car, the “sticker price” includes a “destination” charge. Are you purchasing the car FOB shipping point or FOB destination? Explain:
Choose A, B, C, or D. Martin’s number one financial goal is to buy a car. The first step he should take in making this consumer purchase is to
A :
evaluate whether he can afford to buy and own a car.
B :
get preapproval from his bank for a car loan so that he can negotiate more effectively with car dealers.
C :
research all the different types of cars that might meet his needs to determine their safety, reliability, and fuel economy.
D :
evaluate whether he needs a car and, if so, what type of car he needs.
Uberand Lyft are two popular ride-sharing services. Imagine that you are visiting Ne\w York City for a family vacation. You are trying to decide whether to use one of these ride-sharing services to get around the city or rent a car and drive yourself. Considering the perspectives of the passengers (your family), the drivers, and the company (Uber or Lyft), explain the following:
why ride-sharing services have gained in popularity
the financial considerations relevant to your decision
the nonfinancial considerations relevant to your decision
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