Sylvia wants to purchase a 2017 dodge challenger for a, Ask an Expert

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Sylvia wants to purchase a 2017 Dodge Challenger for a negotiated price of $38,770 inclusive of all costs (options, taxes, delivery charges, etc.). Sylvia will be making a down payment of $8,000. She has a choice between taking a $2500 cash rebate (and arranging her own financing at 4.98% for 36 months) OR selecting the dealer incentive financing of 0.9% APR for 36 months.

What is the total cost of this car if Sylvia chooses the dealer incentive financing option?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92418387

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