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Assume that you've been shopping for a new car and intend to finance part of it through an installment loan

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Assume that you've been shopping for a new car and intend to finance part of it through an installment loan. The car you re looking for has a sticker price of $15,000. Excellent Autos has offered to sell it to vou for $2.500 down and finance the balance with a loan that will require 48 monthly payments of $329.17; Hot Cars will sell you exactly the same vehicle for $3,000 down plus a 60-month loan for the balance. with monthly payments of $268.45. Which of these two finance packages is the better deal? Explain