You Are in the Process of Purchasing a New Motorbike

question 7

Essay

You are in the process of purchasing a new motorbike that will cost you $25,000. The dealership is offering you either a $1000 rebate (applied toward the purchase price) or 3.9% financing for 60 months (with payments made at the end of the month). You have been pre-approved for a bike loan through your local credit union at an interest rate of 7.5% for 60 months. Should you take the $1000 rebate and finance through your credit union or forgo the rebate and finance through the dealership at the lower 3.9% APR?

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Definitions:

Personal Awareness

The conscious recognition and understanding of one's own character, feelings, motives, and desires.

Altered States

Conditions of consciousness that are distinctly different from normal waking states, such as those induced by meditation, drugs, or hypnosis.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, and environment.

Consciousness

The awareness of internal and external stimuli, including feelings, thoughts, and the environment.