An advertisement from a car dealer offers the following choice:

A 1% annual interest rate on a six-year car loan (monthly payments) for a car priced at $35,000 or a $5000 discount off the price (i.e. $30,000 price tag) with you supplying your own financing. Assume that you can borrow 100% of the purchase price and that the annual interest rate your bank would charge you on a six-year loan is 6%.The car loan is similar to a mortgage with 72 equal monthly payments.Which is the better deal?