Your old car has a value of of $1,800. You want to buy a new car with a sticker price of $19,750. The dealer says she will take your old car in trade and give you a loan of $17,900. How much are you actually paying for the new car? Is it a good deal?

Answer rating: 100% (QA)

To determine the actual amount you are paying for the new car you need to subtract the value of ... View the full answer