help with financing

Price: $10 USD

Question description

ill  buy a car in the next 10 years 

the interest rates are 

48 month loan (used car) 4.26%

48 month loan (new car) 3.85%

36 moth loan (used car) 4.49%

36 month loan (new car) 3.73%

im considering used care for 7000$ and new car for 30000$

what are my different monthly payments ? is it better to buy a new car or a used car explain 

Tutor Answer

(Top Tutor) Daniel C.
School: Rice University
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