2. You pick out a new car and the dealer is offering 0% interest for 60 months...

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2. You pick out a new car and the dealer is offering 0%

interest for 60 months or a cash-back bonus of $4,000.

Your negotiated price is $25,000. Your credit union is currently offering a special interest rate of 3.5% for 60-month car loans. What should you do and why?
Show your work. (LO 7-1)

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Personal Finance Building Your Future

ISBN: 9780077861728

2nd Edition

Authors: Robert Walker, Kristy Walker

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