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Imagine that you have saved $1,000. You would like to do something with the money so that, in a few years, you have a down payment for a new car. You're not sure if you should invest it or deposit it into a another type of account. In this project, you will not need to decide where to invest the money. However, you will look at a variety of sources that give advice about what to do with the money. You will also decide which sources are reliable and relevant.

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Hitaflip

Answer:

You should invest the money in a down payment for a vehicle.

Explanation:

Is a down payment worth it?

Putting money down on a vehicle has lots of advantages. The larger the down payment, the lower your monthly payment will be. And, you will probably get a better interest rate, to boot.  A larger down payment helps you build equity faster and protects you and the lender against depreciation and potential loss.

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