You are in the market for a new car. After test driving several
models, you have decided to purchase the Tesla Model 3. Including
all options and up-front costs, the car will cost you $70,000. You
will sell your old hybrid car for $20,000, so you need to borrow
$50,000 to purchase the car. As this is a long-term purchase, you
will borrow the money for 5 years. You’ve identified the following
four lenders:
Explain how you would rank the...