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In Business / College | 2025-07-07

Karen determined how much she could afford to spend per month for a car payment. Which priority will help Karen shop for the lowest cost loan?
A. Negotiating for the lowest annual percentage rate (APR)
B. Complimenting the salesperson
C. Negotiating for the smallest down payment
D. Negotiating for the longest maturity

Asked by jadeann1979

Answer (2)

Karen should prioritize negotiating for the lowest annual percentage rate (APR) when shopping for a car loan, as it will help her save money on interest and lower her monthly payments. Other options, like a small down payment or a long loan term, could ultimately cost her more. Thus, choosing option A is the best financial strategy.
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Answered by Anonymous | 2025-07-07

Karen should prioritize negotiating for the lowest annual percentage rate (APR) when shopping for a car loan. This will help her achieve lower monthly payments and reduce the total interest paid. Other negotiation options may not directly contribute to finding the lowest overall cost for her loan. ;

Answered by GinnyAnswer | 2025-07-07

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