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Assume that you've been shopping for a new car and. intend to finance part of it through an installment loan. The car you're looking for

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Assume that you've been shopping for a new car and. intend to finance part of it through an installment loan. The car you're looking for has a sticker price of $17,000. The local dealership has offered to sell it to. you for $2,500 down and finance the balance with a loan that will require 48 monthly payments of $389.00; Adventure Vehicles will sell you the exact same vehicle for $2,000 down, plus a 60-month-loan- for the balance, with monthly payments of $326.14. Which of these two finance packages is the better. deal? 1 SELECT 1 Local dealership or Adventure vehicles

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