Problem: You get a job working in Philadelphia and will commute from Glassboro for at least the next year. You are deciding between using public transportation or purchasing a car. To use public transportation, it would cost $16/day and you would commute five days a week, for the next 52 weeks (let's assume you work continuously without vacation days or holidays). You find a car for $15,000 and are offered a 3.69%, 36-month car loan with $0 downpayment. Ignoring the cost of gas, parking, insurance and tolls, which option would cost you less money? What other factors do you need to consider when buying a car versus using public transportation? You can use a car loan calculator to determine the answer.