You pick out a new car and the dealer is offering 0% interest for 60 months or

Question:

You pick out a new car and the dealer is offering 0% interest for 60 months or a $4,000 cash-back bonus. Your negotiated price is $25,000. Your credit union is currently offering a special 3.5% for 60-month car loans. What should you do and why? Show your work.

Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...