Hi Please help me to answer this.

You are planning to buy a new car. The car will cost $30,000 and will require a down payment of $5,000 if you borrow from your bank at 5%, for 5 years with a monthly payment of $469.82. The car dealer offers you a lower payment of $450.00 to be repaid the next 7 years without the need for any down payment and your first payment is due next month. Which option would you choose? Why?