like i wanted to buy a snowmobile and it said: MY06 Summer Snow Program
Up to $500 Rebates
AND
Payments As Low As $59 a month at 12.9% for the life of the loan
2006-08-07 11:30:33 · 3 answers · asked by ♥Sky&&Jazz♥ 2 in Sports ➔ Winter Sports
Exactly. A rebate is an amount deducted or returned from a payment or bill. So you pay the full price minus the $500.
But personally I wouldn't go for that loan at 12.9%, that sounds expensive! Sounds like that's how they're getting back their rebate and more...
2006-08-07 11:43:55 · answer #1 · answered by s 4 · 0⤊ 0⤋
money paid back - money that is paid back, for example, because somebody has overpaid a tax or is entitled to a refund.
You also get a rebate when they launch certain promotional schemes. You pay them the actual amount and they will refund you the amount they said they are offering a rebate. Its kind a concession in the actual price of a product.
2006-08-07 11:42:23 · answer #2 · answered by Ash 3 · 0⤊ 0⤋
you pay the full cost then they give back $500
2006-08-07 11:35:48 · answer #3 · answered by nathanael_beal 4 · 0⤊ 0⤋