Imagine that you have decided you need a new car but not any car will do; you ha

Imagine that you have decided you need a new car but not any car will do; you have decided to purchase the car of your dreams. Conduct some research as to the cost of this car. You have determined in this imagined scenario that you could afford to make a 10% down payment. You can borrow the balance either from your local bank using a four-year loan or from the dealerships finance company. If you purchase from your dealerships finance company the APR will be 10% with your 10% down and monthly payments over three years. However the dealership will give you a rebate of 5% of the car price after the three year term is complete. You want the best deal possible so you consider the following questions: