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Complete the table below to compare the costs and benefits of a cash purchase versus a credit purchase. begin{tabular}{|l|l|} hline 2017 Nissan Versa hline
Complete the table below to compare the costs and benefits of a cash purchase versus a credit purchase.
\begin{tabular}{|l|l|} \hline 2017 Nissan Versa \\ \hline CASH PRICE \\ \hline Selling price \\ \hline Sales tax \\ \hline Additional charges (delivery, setup, service contract) \\ \hline Discounts(employee,seniorcitizen,orstudentdiscounts;discountsforpayingcash) \\ \hline Opportunitycost(=Netcostofitemxpercentinterestthatcouldbeearnedxyearsofuse) \\ \hline Total financial and economic cost when paying cash \\ \hline CREDIT PRICE \\ \hline Down payment \\ \hline Financing (= Monthly payment x number of months) \\ \hline Additional financing charges (application fee, credit report, credit life insurance) \\ \hline Product-related charges (delivery, setup) \\ \hline Discounts that may apply \\ \hline Total financial and economic cost when using credit \\ \hline \end{tabular} Addendum B -Used with PFP 36 Buying vs. Leosing Motor Vehicle and with PFP 37 Comparing Cash and Credit Prices Jamie Lee has been doing research on which is the best choice for getting a new 2016 Nissan Versa Sedan. Use the information below and PFP 36 - Buying vs. Leasing Motor Vehicle and PFP 37 - Comparing Cash and Credit Prices to compare and see which is the better idea, buying or leasing. Research for Nissan Versa Sedan 2016 *4 speed automatic *Arr conditioning *Bluetooth(i) Hands-free Dhana Siretam - Jamie Lee intends to use the car for at least five years before selling or trading it for a small SUV. - Note that there is a $500 rebate offer for cash purchase. - The tax is calculated using the Total cost of vehicle
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