You Have Been Offered Four Different Financing Schemes for a $30,000

question 79

Multiple Choice

You have been offered four different financing schemes for a $30,000 car.Which one should you choose?

• A) $5,000 down with the rest paid in equal monthly payments of $624.70 per month for 48 months
• B) $0 down with equal monthly payments of $960 per month for 36 months
• C) $15,000 down and a final payment of $18,550 two years from now
• D) have it financed with a bank loan at a quoted rate of 9.5% with loan repayments made monthly

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