If you have sufficient financial resources to pay cash for a car without borrowing...
You have investments that you could sell and use the proceeds to purchace a vehicle.
You may still chose to borrow at the below marker rate of 4.5% because your investments are generating a high rate of return.
What should be your rule for deciding whether to liquidate investments or to use the dealer's financing to perchage a vehicle?
HOW DO I SOLVE THIS?? Please help asap
By the way...
The interest rate is compounded monthly.
And the load period is 36 months
The price of the vehicle is $44890.00