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What is the opportunity cost if julia purchases the new car

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Question - Julia brings home $2,110 per month after taxes. Julia's rent is $439 per month, her utilities are $144 per month, and her car payment is $356 per month. Julia is currently paying $273 per month to her orthodontist for her braces. Julia's groceries cost $84 per week and she estimates her other expenses to be $192 per month. As a result, she has $370 left each month to put toward savings to reach her financial goals. Julia is considering trading in her car for a new one. Her new car payment will be $461 per month, and her insurance cost will increase by $87 per month. Julia determines that her other car-related expenses (gas, oil) will stay about the same. What is the opportunity cost if Julia purchases the new car?

Reference no: EM133100462

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