Need help in choosing whether to buy a car directly from the dealer or from the bank!?

Will need to finance 400,000 pesos over a period of 36 months. This is a comparison of each:

THROUGH DEALER:

5,000 discount on downpayment

Some freebies that cost about 15,000

14,208.84 pesos payment for 36 months, 28.2% rate

THROUGH BANK:

No discount

No freebies

13,163 pesos payment for 36 months, 18.26% rate

I guess my question is whether the freebies/discount from the dealer are enough to offset the lower financing from the bank, considering present (or future?) values. Also there might be some other intangibles/factors that I should consider that differentiate the two.

Need help in choosing whether to buy a car directly from the dealer or from the bank!?

I would go with the lowest rate: the bank.

But based on those rates, I would pass altogether and save up for a cash purchase. Those rates are awful!

Need help in choosing whether to buy a car directly from the dealer or from the bank!?

10% on the amount gives you quite a difference to work with! what can you do with the extra money if you go with the bank? you decide that and you just found your answer!