You pick out a car and the dealer is offering 0% interest for 60 months or a cash back bonus of $2,460.00. Your negotiated price is $21,900.00. Your credit union is currently offering a special interest rate of 3.1% for 60 month car loans.

What will be your monthly car payment if you accept the 0% interest offfer?

What will be your monthly car payment if you accept the $2,460.00 cash back bonus and finance the purchas at your credit union?

Should you accept the 0% interest offer or the cash back bonus?