Ira needs to replace his car. It is nine years old with 168,000 miles on it. The maintenance and repair costs are now as much as a monthly car payment. Ira visited several local car dealerships and each has told him he qualifies for $27,500 car. Should Ira shop for cars at this price since more than one dealership told Ira he can afford a car in this price range?

A) Ira should take the advice of the car dealerships as they have better budgeting tools
B) Ira should ask his local bank and credit union to determine how much car he can afford
C) Ira should review his budget first to determine how much car he can afford
D) Ira should consult with his accountant to determine how much car he can afford
E) Ira should keep driving the same car until maintenance and repairs EXCEEDS the new car payment


C) Ira should review his budget first to determine how much car he can afford

Business

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