Cash Back vs. Low Interest Calculator
Compare cash back rebates and low interest rate offers to determine which auto financing option saves you more money. Adjust the inputs to match your specific situation.
Loan Details
$
$
months
%
Financing Offers
$
%
Comparison Results
LOW INTEREST
Cash Back Option
$567
Monthly Payment
$34,020
Total Loan Cost
Save $1,980
Low Interest Option
$531
Monthly Payment
$31,860
Total Loan Cost
Save $4,140
Detailed Comparison
Vehicle Price:
$35,000
Down Payment:
$5,000
Loan Amount:
$27,000
Interest Rate:
6.5%
Cash Back:
$3,000
Vehicle Price:
$35,000
Down Payment:
$5,000
Loan Amount:
$30,000
Interest Rate:
2.9%
Cash Back:
$0
Important Note
Tax and fee procedures apply to car purchases within the U.S. only. The calculator can still be used in other countries, but please adjust the inputs accordingly. For more information about or to do calculations involving auto loans instead, please use the Auto Loan Calculator.