Scott wants to purchase a Toyota Rav4 XLE. The model he wants is available for $26,789. Scott has saved $4,000 for a down payment, and the dealer has offered $3,500 for his trade-in. He is considering three financing options.

Toyota's financial department is offering 0% interest for three years

Scott's credit union is offering 1.98% compounded monthly for four years

His bank is offering 2.97% compounded monthly for five years

Describe the advantages and disadvantages of each financing option.If you were Scott, which of these three financing options would you use and why?