Deal Parameters

Cash Back Offer

Cash Back Amount ($)

Interest Rate (High) (% APR)

Low Interest Offer

Interest Rate (Low) (% APR)

Other Information

Auto Price ($)

Loan Term (months)

Down Payment ($)

Trade-in Value ($)

Your State

Sales Tax (%)

Title, Registration, & Other Fees ($)

Include all taxes and fees in loan

Side-by-Side Comparison

Option	Cash Back Offer	Low Interest Rate Offer
Monthly Payment	—	—
Total Loan Amount	—	—
Upfront Payment	—	—
Total of All Payments	—	—
Total Loan Interest	—	—
Total Cost (Price + Tax + Fees + Interest - Rebates)	—	—

Cash Back vs. Low Interest Offers

Car manufacturers and dealerships often try to attract buyers by offering financial incentives. The two most common promotions are direct manufacturer rebates (cash back) and low-APR financing rates (sometimes as low as 0%).

Which Offer is Better?

The best choice depends on the vehicle price, your down payment, and the loan term:

Cash Back Rebates: Direct rebates reduce the amount you need to borrow. However, because you are taking the rebate, you must pay the standard (often higher) interest rate on your loan. If you are financing a smaller portion of the car, this option is typically better.
Low Interest Rates: A low-interest financing promotion reduces the APR over the life of the loan. This means you will pay less in total interest charges, making it more attractive for longer loan terms or larger financed amounts.

Disclaimer. This calculator is for informational purposes only. Manufacturer incentives are often limited by zip code, credit score, vehicle model, and dealer participation. Verify actual offer terms with your dealer before finalizing a deal.