Based on your budget, which transportation option is the best financial decision for you? Explain your answer in at least two sentences.

Answer:

Option C, buying a used vehicle, is the best financial decision. It has the lowest up-front cost of $2,000 and the lowest combined monthly cost of $475 for the payment, insurance, and gas. Over 36 months, it would cost about $19,100, which is less than either new-car option.