Auto Rebate vs Low-Rate Financing
Should you take the manufacturer cash rebate and finance at a standard rate, or skip the rebate for a promotional low-interest rate? This calculator compares both options to find which saves you more money.
Inputs
$
$
%
Rate if you take the rebate
%
Low rate (no rebate)
$
Results
Better Option
Take the Low Rate
You Save
$226
Rebate Monthly
$528
Low-Rate Monthly
$525
Total Cost Comparison
Interest Comparison
Option Comparison
| Option | Monthly Payment | Total Interest | Total Cost |
|---|---|---|---|
| Rebate + Standard Rate | $528.29 | $4,697.16 | $36,697.16 |
| Low Rate (No Rebate) | $524.52 | $1,471.29 | $36,471.29 |