Naima Fazal a Commercial Banking Manager with EasyCredit Bank Limited has a current salary of $120,000 p.a. She owns a townhouse near Finch/Bayview, valued at $600,000. To finance the purchase of the townhouse she took a 25 year mortgage loan of $450,000 at 4% per year interest rate compounded semiannually. The annual property taxes are $5000. Recently she bought some appliances from Tasco Appliances for $24,000. The purchase was financed by borrowing $20,000 for 5 years at 6% per year interest rate compounded monthly. 

She also has $15,000 worth of landscaping done one year ago through Home Depot. Landscaping was financed by Home Depot with a 3 year $15,000 loan at 9% per year compounded monthly. All loans require monthly payments. She is thinking about buying a new car for $30,000. The current interest rate on a car loan is 6% per year compounded monthly for a 4 year term. Assume GDS and TDS ratios are 30% and 40% respectively.

a. If she has to meet the standard bank lending tests, can she finance the entire purchase price of the car? 

b. How much is the minimum down payment she should make?