Question

Sarah would like to buy a car for $26,240, including taxes. The extended warranty is
$3,850. She is pre-approved for a car loan, to a maximum of $30,000.
a. Will the available loan amount cover both amounts?

b. What is the difference between the total amount required for this purchase and
the available loan amount?

c. if the loan amount is increased to $32000, can she add a moon roof and carplay for $1,430?​

Answer 1

Answer:

Minimum Age 21 years at the time of loan application

Maximum Age 60 years when the loan tenure ends

Job Stability Should have worked continuously for 2 years and at least 1 year with the current employer

Minimum Annual Income Rs.3 lakh