Question

read the scenario.
brad has a steady job, earns a solid income, and plans to live in a nearby city for the long term. he is looking to purchase both a car and a place to live, and he is very interested in building up equity and credit.
which of these illustrates the most economically sound choice for brad?

• buying both a car and a home
• leasing a car and buying a home
• buying a car and leasing a home
• leasing both a car and home

Explanation:

Brad has a steady income, plans to live long - term, and wants to build equity. Buying a home builds equity (as homeownership allows equity growth over time), and for a long - term plan, buying a car (vs leasing) can also be more economical as leasing is better for short - term or when not wanting ownership. Leasing a car and home doesn't build equity. Buying both a car and home aligns with his goals of long - term living and building equity.

Answer:

buying both a car and a home