Choose wisely. There is only one correct answer to each question.
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1.
Buying a major purchase now instead of later is a perfect way to save money on it.
False. Waiting a while might net you a discount that wasnt there earlier, and it may also provide you the means to pay for it (such as with a tax refund).
2.
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.
3.
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.
4.
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.
5.
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.