Speed GED…in a Sweet Vette…

Yo, hey, I found this sweet ride…. Chevy ‘Vette… convertible…honey blue and black leather inside. Kinda used, so it’s only $27,599. A steal, right?

I wanna be smart about this, and not just listen to them say they can give me this or that rate or payment. I gotta figure out what’s the best deal, see?

I don’t got nothin’ for a down payment, you know how it is. Not like I was expecting to fall for this sweet baby. So that’s $28,000 bucks I’m dealin’ with, on the round. Here’s my choices:

$3,000 bucks off and 4.9% interest for 60 months

Full price and 1.9% interest for 48 months

Which one is the best deal? That’s what I want to know… then I’ll see if I can afford the payments. I’m gonna make this easy and figure the total cost of the interest is (Price) x (Interest) x (Years). That’ll give me a good approximation of what I’m paying. So I can fly fast and figure this out.

So which one’s the best deal? Can you figure it out? I’ll let you know what I figured next week.