John is weighing the choice between buying a new car versus a used car. john has saved money to make a down payment but wants to keep his costs low. john decides to purchase the new car. a. john should have purchased the used car since used cars are generally cheaper. b. john should have purchased the used car since maintenance and repair costs will be lower. c. john was correct in purchasing the new car since it depreciates faster. d. john was correct in purchasing the new car since it has lower insurance premium.