Assume you are going to make a purchase decision on whether or not to buy one of the three potential big-ticket items listed below. Choose one to evaluate and answer the following questions:
1) 5 Day Disney world Vacation for family
Cost: $14,500
2) New House
Cost $450,000
3) Lexus LC 500
Cost $105,000
- What decision did you make and why?
- How comfortable would you feel making this decision and why?
- What financial information would you need to make the decision and why?
- What non financial factors would also play a role in your decision to either purchase or not purchase this item?