John wants to buy a car and is trying to decide whether he wants to accept a pre-qualified auto loan from his credit union or if he wants to directly finance the car from the dealership. What should he do?*1 pointFinance the car directly with the dealership since they always have better interest ratesCompare the two offers and choose the one through which he’d pay the least amount of money overallFinance the car with the credit union - since they’re a local organization, they always have the customers’ best interests at heartCompare the two offers and choose the one with the longest term so that he has more time to pay it off

If a borrower takes out a $15,000 loan to purchase a car and ends up paying the lender a total of $18,000, the $3,000 difference represents theMultiple Choiceprincipal.collateral.trade credit.discount.interest.

Jane needs a new car, but Jane does not have very good credit, so she knows she is going to pay higher interest. She goes to a local, small dealership and finds a reliable car for $4500.  The dealer is very nice and says he will finance her car for only $130 a month for five years.  Jane knows she can afford this small payment.  How much TOTAL will Jane pay for her car?  Did Jane get a good deal, since she can afford this car payment?Cost of Car: $4500Financing Terms: $130 per month for 5 yearsTime period for payments = 5 years = 60 monthsTotal paid = $130/month × 60 months = Total interest = Total payment - Original price

John and Roger are partners in a secondhand car dealership. Their partnership agreement does not contain any provision regarding the capacity of the partners to bind co-partners in contracts concluded with outsiders. While Roger is overseas, Clint offers John a good price for the most expensive car on their showroom floor. Which ONE of the following statements is CORRECT?a.John has the authority to sell the car to Clint.b.John does not have the authority to sell the car without the cooperation of his partner.c.John may sell the car to Clint, provided Roger is informed of the transaction.d.John may only sell the car if he makes a profit, which Roger will also share.

Ferdinand is comparing two options for borrowing money for a ski trip. Ferdinand uses the car to make pizza deliveries which is his main job. Which of these options should he AVOID if he’s not sure he can pay the money back?Select answer from the options belowA payday loan at 390% APR which is due in two weeks.A title loan on his car.A personal loan from a credit union.A new credit card.

Question 1Brijesh is negotiating with Sara, who wants to purchase his car. The only issue is price. This is an example of a (select one):1 pointposition-based negotiation.interest-based negotiation.dispute-resolution negotiation.all of the abovetwo of the abovenone of the above