Problemas
7. How can you get the best deal when shopping for credit?(You can choose more than one answer.) a. Always make the smallest possible down payment. b. Stretch payments over the longest time possible. C. Don't shop around for credit. All rates are the same by law. d. Make the largest down payment you can. e. Pay off the loan as quickly as possible. f. Buy from the store with the lowest finance rate if prices are about the same.
Roztwór
Erica
professionell · Tutor durante 6 años
4.4
(266 Votos)
Respuesta
The best strategies to get the best deal when shopping for credit are options d, e, and f.
Explicación
## Step 1The question is asking for the best strategies to get the best deal when shopping for credit. The options provided are:a. Always make the smallest possible down payment.b. Stretch payments over the longest time possible.c. Don't shop around for credit. All rates are the same by law.d. Make the largest down payment you can.e. Pay off the loan as quickly as possible.f. Buy from the store with the lowest finance rate if prices are about the same.## Step 2We need to evaluate each option based on its potential to provide the best deal when shopping for credit.## Step 3Option a suggests making the smallest possible down payment. This is not a good strategy because it can lead to higher interest payments over time.## Step 4Option b suggests stretching payments over the longest time possible. This is also not a good strategy because it can lead to higher interest payments over time.## Step 5Option c suggests not shopping around for credit. This is not a good strategy because it can lead to higher interest rates and less favorable terms.## Step 6Option d suggests making the largest down payment you can. This is a good strategy because it can reduce the amount of interest you pay over time.## Step 7Option e suggests paying off the loan as quickly as possible. This is a good strategy because it can reduce the amount of interest you pay over time.## Step 8Option f suggests buying from the store with the lowest finance rate if prices are about the same. This is a good strategy because it can save you money on interest payments.