Fido wants to buy a new car. He will need to get a car loan. Fido decides to wait for a few months until his credit history improves. Which explains whether Fido is making a sensible decision?

A stronger credit history can help Fido qualify for a lower interest rate on his car loan. That means he may pay less in interest over the life of the loan, so waiting can be a sensible choice. The car’s selling price is not necessarily going to be lower in a few months.

AI-written and checked against the verified answer.