You need to buy a new car for $20,000 and these are the options you have been given:
1. 10 down, 3.25 interest rate for 5 years
2. 5 down, 3.75 interest for 5 years
3. 0 down, 4.25 interest for 5 years
4. 0 down, 3 interest rate for 4 years
Which option would you take and why? How much will you really be paying for the car?
Options:
A. Option 1
B. Option 2
C. Option 3
D. Option 4