Answer:
The requirements for taking out a loan tend to be very strict, and therefore, an impressive internship program would not be something that can meet the requirements to obtain a loan of $6500.
Step-by-step explanation:
1. If you were trying to decide whether to take out an auto loan for $6500 to buy your first car, thereby allowing you to commute for an impressive summer internship program next year, that loan would not meet the requirements.
Is it necessary?
No, travelling can be done by other means.
Do the monthly payments fit in your budget?
Maybe
Could you save instead of borrow?
Yes saving for the whole year is better than borrow.
Is it worth the added interest?
No, its not worth the added interest.
All of the answers indicate that the loan does not meet the requirements.
Paying a huge amount of interest for something which is not that necessary is useless.
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