Now test your judgment.
Carla has her own landscaping business and plans to get a pick-up truck. She’s been considering a brand new one, but the same dealer has a used one in good condition with low miles. She has enough cash to buy the used one, although that might mean paying some of her bills late for a few months and a delay in buying new plants. Three years from now, she’d like to give the truck to her daughter, who will be turning 16.
Given her situation, which one these three possible options do you think is best for her?