Question:

I want to buy a car, but I have two options. Option 1: I can

Last updated: 7/14/2022

I want to buy a car, but I have two options. Option 1: I can

I want to buy a car, but I have two options. Option 1: I can pay it off over 6 years at an interest rate of 3.8%. Option 2 I can pay it off over 7 years at 2.5%. What would the payment for each of those be? Which option would cost me more over time?