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 make Fido a lower-risk borrower, which may help him qualify for a lower interest rate. That would reduce the cost of his car loan, so waiting for his credit history to improve is sensible. The car’s selling price is not necessarily going to be lower in a few months.

AI-written and checked against the verified answer.