Suppose that you decide to buy a car for $56,000, including taxes and license fees. you saved $10,000 for a down payment. the dealer is offering you a choice between two incentives.
incentive a is $6000 off the price of the car, followed by a five-year loan at 7.72%.
incentive b does not have a cash rebate but provides free financing ( no interest) over five years.
what is the difference in monthly payments between the two offers? which incentive is the better deal?