you are buying a $35,000 car with 20% down, no sales tax, and by financing the balance for 5 years. If interest is 4.5% and monthly payment is $550, is this a good deal or bad deal? – i.e. Are you paying more than you owe? Prove your point by showing how you arrived at your conclusion. please please provide work and if possible break it down to simpler terms so i can understand and explain.