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Author Question: John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $7,000 to make it road worthy ... (Read 93 times)

Deast7027

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John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $7,000 to make it road worthy again. His wife, Sherry, suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $7,000 cash. Sherry estimated the following costs for the two cars:

Trail Blazer  Grand Cherokee
Acquisition cost$30,000$7,000
Repairs$7,000-
 Annual operating costs
(Gas, maintenance, insurance)$2,580$1,700
What should John do? What are his savings in the first year?
◦ Buy the Grand Cherokee; $8,700
◦ Fix the Trail Blazer; $4,380
◦ Buy the Grand Cherokee; $880
◦ Fix the Trail Blazer; $7,247


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Marked as best answer by Deast7027 on Mar 6, 2021

xiazhe

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Deast7027

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


bigsis44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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