You Are in the Process of Purchasing a New Automobile

question 53

Essay

You are in the process of purchasing a new automobile 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 an auto 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:

File Sorter

A desktop or electronic tool used for organizing documents or digital files in a specific order for ease of access.

Active File

A file used on a consistent basis.

Inactive File

A file used infrequently.

Individual Practice

Individual Practice refers to a healthcare professional practicing on his or her own, as opposed to being part of a larger organization or group practice.