Many new car buyers choose to buy a car with little or no money down and payments for many years because of the ________.
A) overconfidence bias
B) immediate gratification bias
C) framing bias
D) availability bias

Question

Quizplus · Accepted Answer

This decision is likely influenced by the immediate gratification bias, where the desire for a new car now outweighs concerns about the long-term financial consequences of taking on significant debt with little money down and long-term payments. The other biases listed do not directly relate to this decision.

Many New Car Buyers Choose to Buy a Car with Little