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Enter amounts below to compare the total savings between taking a cash-back rebate and a low-APR finance offer. Sometimes, zero-percent financing is not actually cheaper in the long run than taking a cash-back rebate and applying it to a loan with a higher rate.
Cash-Back Offers
Vehicle Price:
$
Sales Tax:
$
%
Down Payment:
$
Trade-In Value:
$
Rebate:
$
Amount Financed:
$
Interest Rate:
%
Term:
$
24
36
48
60
66
72
mo.
Monthly Payment*:
$
0
Total Cost of Loan:
$
0
Reduced-Rate Financing
Vehicle Price:
$
Sales Tax:
%
Down Payment:
$
Trade-In Value:
$
Rebate:
$
Amount Financed:
$
Interest Rate:
%
Term:
24
36
48
60
66
72
mo.
Monthly Payment*:
$
0
Total Cost:
$
0
Current New Car Interest Rates
36 months
7.3%
48 months
7.3%
60 months
7.3%
72 months
7.3%
Rates from BankRate.com
*Acquisition fees, destination charges, tag, title, and other fees and incentives are not included in this calculation, which is an estimate only.
NOTE: The results obtained from this calculator are for comparison purposes and for your reference only. Please refer to your loan documents for actual estimates, interest rates and payments. Note that in some states sales tax is calculated before the rebate is applied, which means you are taxed on the higher amount. For the purposes of this comparison, sales tax is calculated after the rebate is applied.
