金融

Cash Back vs Low Interest

Compare an auto rebate against a low interest financing offer to determine which option saves you the most money.

$
$
mos

Option 1: Cash Back Rebate

$
%

Option 2: Low Interest

%

Rebate is forfeited in this option.

Option 1 is better by $—
Option 1 (Cash Back) Option 2 (Low Rate)
Amount Financed $— $—
Interest Rate —% —%
Monthly Payment $— $—
Total Interest $— $—
Total Cost of Car $— $—
使い方
  1. Enter the vehicle price and your planned down payment or trade-in value.
  2. Enter the loan term in months.
  3. For Option 1, enter the cash back rebate being offered and the standard auto loan rate you qualify for (from a bank or credit union).
  4. For Option 2, enter the promotional low-interest rate offered by the dealer (often 0% or 0.9%).
  5. The calculator compares the total out-of-pocket cost of both options.

計算式

Dealers frequently offer buyers a choice: take a cash rebate off the price of the car OR secure promotional low-interest financing. You can't usually have both. Counterintuitively, the low or 0% interest offer isn't always the cheapest route, especially if you have a large down payment or the cash rebate is substantial.