Case Study #2

Case Study #2 - local car dealers The price of the car is...

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MGT 181 Enterprise Finance Case Study #2 You have now worked six months in the finance department of Pfizer. Your job analyzing and preparing budgets for the drug discovery unit has been interesting and fulfilling. You are both learning new things and your boss has told you that you will be in line for a promotion within 12 months. The steady paycheck has been great and now it is time to get rid of that old Ford and get a new car. You have decided to purchase a Honda Fit and have gotten the following quotes from
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Unformatted text preview: local car dealers. The price of the car is $16,700.00 Honda of Escondido $1,700 down and a monthly payment of $477.00 for 36 months. Hoehn Honda $2,500 down and a monthly payment of $450 for 36 months. Poway Honda $3,000 down and a monthly payment of $437.25 for 36 months Pacific Honda $3,200 down and a monthly payment of $427 for 36 months Given the fact that your sole decision criterion is to get the lowest rate which dealership should you purchase the car from....
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This note was uploaded on 05/01/2011 for the course MGT 181 taught by Professor Jordan during the Spring '08 term at UCSD.

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