Cash Back OR Low Interest Calculator
Manufacturers often make you choose: take the cash-back rebate or the low-interest financing, not both. This calculator prices both offers side-by-side — monthly payment, total interest and total cost — and declares the winner.
TheCalculators — Cash Back OR Low Interest Calculator
Printed thecalculators.com
Low Interest Rate Offer wins
$2,092 saved
The low rate beats the rebate on total cost
With Cash Back Offer
- Loan Amount
- $39,000.00
- Monthly Pay
- $735.98
- Total Interest
- $5,158.69
- Upfront Payment
- $15,500.00
- Total Cost
- $59,658.69
With Low Interest Rate Offer
- Loan Amount
- $40,000.00
- Monthly Pay
- $701.11
- Total Interest
- $2,066.62
- Upfront Payment
- $15,500.00
- Total Cost
- $57,566.62
Total cost of each offer
Offer comparison
The low rate saves $3,092 in interest versus $1,000 of cash back. Choose the low APR. Note: some states tax the vehicle price before the rebate is deducted, which slightly favors the low-rate offer.
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Formula
Compare Total Cost = Price + Total Interest + Tax + Fees − Rebate for each offer
Pro tips
- • Run the numbers over the full term — a low rate’s advantage compounds with longer loans.
- • Some rebates require financing through the captive lender; check eligibility strings.
- • If you plan to pay the loan off very early, the cash back often wins.
FAQ
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