You saved $5000 for a down payment on a car. Your budget allows you to afford a monthly payment of up to $499 per month for auto financing costs.

You saved $5000 for a down payment on a car. Your budget allows you to afford a monthly payment of up to $499 per month for auto financing costs. The local bank is offering a 5% financing for 60 months. What is the maximum amount you can finance?

How long will it take to recoup the $2200 price difference between a hybird and a regular sedan assuming the gas cost $3.08 per gallon; you driive 25K miles per year, and the hybird gets 55 MPG while the regular sedan gets 28 MPG?