Question

Armand wants to purchase a new car. What would be the advantage of buying the car with a car loan over using cash?

If he buys the car with cash, he will end up paying more interest than if he paid off a loan.

If he buys the car with a loan, he can pay less for the car overall as he pays the loan off over time.

If he buys the car with a loan, he doesn't have to wait until he saves enough money to buy it.

If he buys the car with cash, then his credit will be harmed because of lack of payment history.

Answer 1

please help!

Answer 2

it's C :)

Answer 3

that's usually why people get a car loan

Answer 4

thank you!