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Memphic Memphic
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6 years ago
You are in the process of purchasing a new automobile that will cost you $25,000.  The dealership is offering you either a $1000 rebate (applied toward the purchase price) or 3.9% financing for 60 months (with payments made at the end of the month).  You have been pre-approved for an auto loan through your local credit union at an interest rate of 7.5% for 60 months.  Should you take the $2000 rebate and finance through your credit union or forgo the rebate and finance through the dealership at the lower 3.9% APR?
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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pbrown223pbrown223
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6 years ago
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Memphic Author
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6 years ago
Just got PERFECT on my quiz
Marcie D
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Yesterday
Good timing, thanks!
Shassta22
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2 hours ago
Brilliant ツ
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