A college student is taking a full course load, working 20 hours per week, and still has to take out a student loan to cover tuition. One day, he sees a classmate driving a new Lexus LFA sports coupe (price: $375,000) and feels he just has to have one for himself. What factor is most likely to prevent a successful marketing exchange between the student and the local Lexus dealer located in an affluent suburb about 20 miles from his university

Question

Jayden Oliver

Business

16 February, 08:27

A college student is taking a full course load, working 20 hours per week, and still has to take out a student loan to cover tuition. One day, he sees a classmate driving a new Lexus LFA sports coupe (price: $375,000) and feels he just has to have one for himself. What factor is most likely to prevent a successful marketing exchange between the student and the local Lexus dealer located in an affluent suburb about 20 miles from his university

+4

Answers (1)

Know the Answer?

Rafael Miranda · Answer 1

He would not qualify for an auto loan.

Explanation:

Since the student is taking a full course load without any free time in the foreseeable future and have a tuition loan to pay back still, we could assume that he does not have the time to make money to pay the tuition for now or the money saved for that purpose. That being said, he would not qualify for a car loan of an amount that high. First, he has to pay his student loan, then he could take new loans.