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You are purchasing a car for $0. The dealer offers you0% financing for months or a $ rebate. Your bank currently offer4.7% financing option for months. Which option would you choose and why?

You are purchasing a car for $0. The dealer offers you0% financing for months or a $ rebate. Your bank currently offer4.7% financing option for months. Which option would you choose and why?

Mathematics Finance
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Question added by Wasif Mehmood
Date Posted: 2016/02/15
Upvote (0) Views (5) Followers (2) Answers (2) Report Question
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Sevaan Simon
by Sevaan Simon , Performance and Operations Excellence Manager , Private

"You are purchasing a car for $0."  Why do you need financing if you need $0 to buy it? If you went for the rebate, you would get the car and money.

Thouseef Ghendama
by Thouseef Ghendama , Assistant Professor , St. Johns College of Engg & Tech

I would choose 0% finance offered by the dealer as he is not not charging any interest on finance.

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