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Author Question: Tom needs a car to commute to work and has found a suitable Honda Civic from a dealer for $8000. He ... (Read 30 times)

Deast7027

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Tom needs a car to commute to work and has found a suitable Honda Civic from a dealer for $8000. He has $3000 saved for it and can afford a monthly payment up to $250. Which of the following is the best (lowest total cost) financing option for him?
Make a $2000 deposit and take a three year loan with monthly payments of $185.
Make a $3000 deposit and take a two year loan with monthly payments of $221.
Make a $1000 deposit and take a three year loan with monthly payments of $210.
Make a $2500 deposit and take a two year loan with monthly payments of $241.


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Marked as best answer by Deast7027 on Nov 11, 2019

Awesome

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Deast7027

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Reply 2 on: Nov 11, 2019
Gracias!


Viet Thy

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Reply 3 on: Yesterday
Wow, this really help

 

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