You have $40,000 and want to purchase a car with engine at least 24 valves, V6, and a high concern on safety and gas consumption issues. You also need to invest your remaining money while providing yourself with 7 years of transportation, and maximizing your return over the same period.
2) You will gather related data and:
a. Identify a pool of candidate car.(ie, possible types of cars to purchase)
b. Analyze and evaluate the pool according to recognized procedures and established criteria.
c. Establish criteria set for final choice.
d. Reduce original pool to five candidates
e. Select and support one vehicle. Use decision then determine whether to:
– Buy the unit outright and place X% down and borrow the remainder.
– Lease after paying a flat amount.
– Lease with no front money, other than regular expenses.
– Any other options.