Question

Which of the following scenarios represents a possible impulse purchase?

Tim budgets for his scooter and decides to purchase the scooter through a dealership offering 0% interest to first time buyers.

Tim purchases the scooter of his dream by financing the entire cost of the scooter with a high interest bank loan.

Tim researches interest rates on the purchase of a new scooter before deciding against making the purchase.

Tim researches interest rates on the purchase of a new scooter before deciding to make a purchase.

Answer 1

Tim purchases the scooter of his dream by financing the entire cost of the scooter with a high interest bank loan.

Explanation:

He did not weigh all the assets

Answer 2

Tim purchases the scooter of his dream by financing the entire cost of the scooter with a high interest bank loan.

Explanation:

I had the same question and got it correct. Hope I helped. :)