Cash Back or Low Interest Calculator
Vehicle & Offer Details
Comparison Results
Better Option
Saves $0 over loan term
Break-even Rate
0.00%
Point where options are equal
Cash Back Option
- Monthly Payment: $0.00
- Total Cost: $0
- Interest Rate: 7.9%
- Cash Back: $2,500
Low Interest Option
- Monthly Payment: $0.00
- Total Cost: $0
- Interest Rate: 1.9%
- Cash Back: $0
Understanding Your Options
Cash Back vs. Low Interest
Cash Back Benefits
- Immediate reduction in purchase price
- Can be combined with other rebates
- Good option if you plan to pay off early
- Better for shorter loan terms
Low Interest Benefits
- Lower monthly payments
- Less total interest paid
- Better for longer loan terms
- Good if you plan to keep the loan full term
Factors to Consider
- Your credit score and qualification for special rates
- Length of time you plan to keep the loan
- Current market interest rates
- Size of the cash back offer
- Total cost of ownership
Tips for Decision Making
- Compare total costs, not just monthly payments
- Consider your long-term financial goals
- Check if you qualify for special rates before deciding
- Look for additional manufacturer or dealer incentives
- Consider refinancing options in the future