Choose wisely. There is only one correct answer to each question.
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1.
One advantage of buying a major purchase used instead of new is that you dont need to wait until youve saved up the money for the new one.
True. Not only can you have it now and save money, but with some items you can get some kind of warranty.
2.
If you have destroyed your credit in the past, you should _______ making a major purchase on credit again.
Sometimes consider. Provided that you pay it back according to the terms of the credit card, you can use a major purchase as a way to reestablish credit.
3.
When researching a major purchase to buy, listing all the features you must have and all the features you would like to have can help you separate your wants from your needs.
True. Getting a good sense of the luxury features and the necessary features can give you the needed perspective.
4.
Which of the following are conditions for determining whether a purchase is a major one?
All of the above. People use any or all of these to determine whether something they want to buy qualifies as a major purchase.
5.
Which of the following are advantages of buying used rather than new?
All of the above. There are even more advantages than these; for example, you might still get some kind of a warranty.