You Are in the Process of Purchasing a New Automobile

question 6

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 $2000 rebate and finance through your credit union or forgo the rebate and finance through the dealership at the lower 3.9% APR?

---

Definitions:

Cohesiveness

The extent to which members of a group are attracted to each other and motivated to stay in the group.

Case Study

A case study is an in-depth analysis of a particular subject, situation, or individual, often used in psychological, sociological, and business research to gain detailed insights.

Pittsburgh Pirates

A professional baseball team based in Pittsburgh, Pennsylvania, known for competing in Major League Baseball (MLB) as a member of the National League (NL) Central division.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.