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.
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.
3.
The definition of "large purchase" is standard and accepted by everyone.
False. The definition varies according to people, families, and businesses, often by their economic conditions.
4.
What is perhaps the best way to decide if a purchase is a major one?
The best way to decide if a purchase is major is by considering either how long the product will be of value and/or how much the product costs, and/or if it is already part of your budget. Family budgets can often be compared to those of small businesses.
5.
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.