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The car of your dreams is priced at $41,900. The dealer is offering to finance 100% of the price at 7.00% over 60 months. Alternatively,
The car of your dreams is priced at $41,900. The dealer is offering to finance 100% of the price at 7.00% over 60 months. Alternatively, a local bank is offering 100% financing at a lower rate of 4.95% over 48 months. If your max monthly payment is $700, which one would you opt for? |
The bank |
The dealer |
Cannot afford either one |
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