James has a good monthly income and he enjoys driving a new car without the hassle of dealing with breakdowns or paying for costly repairs. He doesn't drive a lot. less than 12,000 miles per year. Which option matches all of his preferences? buying a car with the lowest monthly payment buying a 5 year old car with 30,000 miles on it leasing a car using a ride-sharing app 5 points

## Step 1<br />The problem presents a scenario where James has a good monthly income and enjoys driving a new car without the hassle of dealing with breakdowns or paying for costly repairs. He doesn't drive a lot, less than 12,000 miles per year. We are asked to find the option that best matches his preferences.<br /><br />## Step 2<br />Let's evaluate each option:<br /><br />- Buying a car with the lowest monthly payment: This option doesn't guarantee a new car. Once the car is paid off, James would have to bear the cost of maintenance and repairs, which contradicts his preference to avoid these costs.<br /><br />- Buying a 5-year-old car with 30,000 miles on it: This option doesn't guarantee a new car. James would have to bear the cost of maintenance and repairs, which contradicts his preference to avoid these costs.<br /><br />- Leasing a car: This option allows James to drive a new car for a certain period of time (the lease term), which aligns with his preference for a new car. At the end of the lease term, he can return the car and avoid the cost of maintenance and repairs, which aligns with his preference to avoid these costs.<br /><br />- Using a ride-sharing app: This option doesn't allow James to drive a new car. He would be using a car owned by someone else.<br /><br />## Step 3<br />Based on the evaluation, the option that best matches James's preferences is leasing a car.