You have several options for a new car 1. You can purchase a new car at 0.9% financing for 36….
You have several options for a new car
1. You can purchase a new car at 0.9% financing for 36 months at $26,500
2. You can purchase the same car at 5.9% financing for 36 at $24,000
3. You can purchase the car at 5.9% financing for 36 at $24,000 with a $4000 balloon
4. You can lease a slightly more loaded version of the car for 299 a month (after a 2775 initial payment) It’s a three-year lease allowing you to return the car clean if < 40000 miles.
After three years, you could resell the vehicle for approximately $15,000.
Which option is the best financial option?
You have several options for a new car 1. You can purchase a new car at 0.9% financing for 36…