Oscar is asking Yunior for a loan because he needs money to purchase a used car. Oscar’s current vehicle is unreliable and he has been relying on public transportation and friends to get around. It has become expensive and time consuming, so Oscar wants to buy a car that he can depend on in order to save money in the long run.
why is Oscar really asking Yunior for a loan?
Yunior is the perfect person for Oscar to ask for help since they have been close friends since childhood. They have experienced many of life’s ups and downs together, which makes it easier for Oscar to trust Yunior with his financial situation. In addition, Yunior has always had a knack for business, which gives him an advantage when it comes to helping someone out financially. This makes Yunior an ideal candidate as someone who knows how finances are managed while also being able understand what kind of financial risk taking would be beneficial or harmful depending on the circumstances at hand.
Furthermore, Oscar may be asking Yunior for the loan because of their relationship; family members often feel more comfortable borrowing from people they know well due trustworthiness issues associated with banks & institutions. Not only does this make them feel more secure but it also spares them from paying interest rates and dealing with potential credit checks or other deductions associated with such services offered by third parties. The fact that family members can provide loans without fear of repercussion if payment fails helps one ensure repayment through motivation rather than fear of consequences when repaying services like banks & institutions offer (credit score).
Finally, Yunior may be able to give better terms compared to traditional lenders due his ability as an informed investor/businessman and not having access restrictions related to funding limits & policies set by external organizations like banks and other lending companies might have in place (fees). Doing so could potentially provide lower interest rates compared those given by third party financiers where costs are usually high due various regulations involved in their operations as well as profit-based motivations versus personal relationships between two individuals – both factors which highly influences overall cost incurred through transactions made outside traditional routes..