Brent would like to start a small landscape business this summer. He has a lawn mower, but needs a truck to carry the lawn mower and other supplies. He has saved $5,700.
Since his uncle knows a lot about trucks, he decides to ask him for some help. His uncle recommends a few truck models and suggests that he pay attention to how many miles the car has. His uncle reminds him that he will need to pay for the sales tax and license for the car. Brent sets aside $800 for these expenses. He does some research and finds the following trucks within his budget:
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1996 Ford F150 2000 Toyota Tundra 1998 Chevrolet 1500
red white red
8 cylinder 6 cylinder 6 cylinder
automatic manual automatic
124,365 miles 106,675 miles 120,325 miles
$4,495 $4,899 $4,795
Brent thinks about how much he will need to pay for car insurance. He thinks that it would be a good idea to get quotes on auto insurance for the models that he is considering. He also thinks about the truck's gas mileage and how the truck was rated.
Use the PACED decision-making process to make the decision for Brent. Show your work.
Brent should finance a 2016 Acura NSX. It may be way over his budget, but it is possibly the most beautiful car ever!