You want to purchase an automobile for $28,500. The dealer offers you 0% financing for 60 months

Question:

You want to purchase an automobile for $28,500. The offers you 0% financing for 60 months or a $6,000 rebate. You can obtain 6.2% financing for 60 months at the local bank. Which option should you choose? Explain.
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...