math final!!?
A car dealer offers you a choice of 0% for 60 months or $2500 cash back on new car. Been approved for 60 month loan 4% through Credit union. If monthly payments are $16.67 for 0% per $1000 and $18.41 per $1000 at 4%. What is the range of new car prices for which the cash back option will cost me less?
I don't know, but 4%? I need to switch financing companies. I am getting hosed.
