If you buy a minivan you can pay 16500 cash or put down 5000 and make a 24 monthly payment of 676.35 how much would you save by paying in cash round to the nearest hundredth?

2026-05-15 13:20

5000+(24x676.35) is 21232.40. -16500 is 4732.40 saving by just paying off in one go

Note:

That works out to something like 82%interest each month on the unpaid balance !

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