A manufacturer's rebate can lead to a sweetheart deal on your vehicle by lowering your balance. But is it better than scoring a low interest rate to reduce your monthly payment? This calculator can show you which option is best. It all depends on your vehicle price, size of the rebate and rates available at the time you buy.
Auto Rebate vs. Low Interest Financing Calculator
Use this calculator to help you determine whether you should take advantage of low interest financing or a manufacturer rebate. A rebate will reduce your auto loan balance, while low interest financing lowers your monthly payment. The best option depends on the price of the vehicle, the size of the rebate and the interest rates available for financing.