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Cash Back or Low Interest Calculator
Compare a cash rebate (with a higher rate) vs a lower interest rate to see which auto financing offer saves you more.
The Low Interest Rate Offer is Better!
The low rate saves you $1,256.34 in total cost, beating the $2,000.00 cash back.
Cash Back Offer
Low Interest Offer
Other Information
Include all fees in loan?
With Cash Back Offer
Total Loan Amount$31,037.50
Sales Tax$2,537.50
Upfront Payment$5,000.00
Monthly Pay$614.58
Total of 60 Payments$36,874.78
Total Loan Interest$5,837.28
Total Cost$41,874.78
With Low Interest Rate Offer
Total Loan Amount$33,037.50
Sales Tax$2,537.50
Upfront Payment$5,000.00
Monthly Pay$593.64
Total of 60 Payments$35,618.44
Total Loan Interest$2,580.94
Total Cost$40,618.44
Comparison Chart
Total Cost
$42k
$41k
Total Interest
$6k
$3k
Monthly Payment
$1k
$1k
Cash Back Offer
Low Interest Offer