To compare the two APRs accurately when choosing between low interest rate dealer financing and a rebate on a new vehicle,you must subtract the opportunity cost of the foregone rebate from the finance charge of the dealer financing.

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To accurately compare the two APRs, you need to calculate the overall cost of each option, including how the rebate would reduce the vehicle's purchase price if taken, versus the total interest paid with dealer financing. Subtracting the opportunity cost of the foregone rebate from the finance charge does not provide a direct APR comparison.

To Compare the Two APRs Accurately When Choosing Between Low