What would the best strategy for you to purchase the car

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Reference no: EM131883808

You are purchasing a car for $20,000. The dealer is offering a $20,000 loan with 0% financing over five years or on a $2,000 cash discount. You shop around for auto loans and find that bank can offer a 5-year $18,000 loan at 4.5%; credit union can offer at 4%. What would the best strategy for you to purchase the car (assume zero down payment for the car)?

Reference no: EM131883808

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