Rebate vs. Financing Calculator


In today's low-interest economic environment, many car dealerships have started to offer very low or zero percent financing on the vehicles they sell. Most car buyers can't resist the appeal of an interest-free loan, so they waive the manufacturer's rebate and finance their purchase with the auto dealer. However, there are many cases in which this decision ends up saving the buyer much less than he or she could have saved by taking the rebate, and financing their vehicle purchase with an auto loan from a bank. Use the calculator below to determine whether taking the manufacturer's rebate or the dealer's promotional financing rate on your new car purchase will save you more money!

Input Your Purchase Information

What is the full purchase price of the car? $
What is the amount of the down payment? $
How much is the manufacturer's rebate? $
What is the auto dealer's interest rate (APR)? %
What is the duration of the auto dealer's loan? months