Answering about Angelina's problem..

Hi, readers. What's up?
Today I would like to answering a case about Angelina's problem.
She drives a seven year old car that recently needed $1,300 in repairs. Each day she drives 46 miles to and from her job. So, what action should she take to decide if she should
a) keep this car
b) buy a newer used car
c) buy a new car
Fyi, her monthly income is $2,700, her flexible expenses is $750 and her fixed expenses is $250 

In my opinion, it is time to change to a new car. Let's say her old car can be sold for $500 cash, and she needs to buy a new car, Nissan Versa S for affordable price $12,855. So she had $3,200 in her pocket (her salary $2,700 + $500)

If Angelina credits her new car, and she needs to pay a 20% of total price for down payment (DP) that is $2,571 to the dealers. And she still has $629 in her pocket which is nearly enough for her monthly expenses. 

But, she needs to pay the remaining price that is $10,284 with APR 10% which is around $11,315. And let's say she credits the car for a year, and the installment she needs to pay is about $943 each month. Last but not least, she still had money for her daily expenses and she can drove a new car. 

How about your opinion? tell me at comment below.
XOXO.