What are the assumptions for this comparison?

Rebate reduces taxable price if your region treats rebates that way; otherwise, adjust your inputs accordingly. Promo APR cannot be combined with the rebate (typical OEM program structure). Fees are included in both scenarios for apples-to-apples comparison.

When does a rebate make more sense than low APR?

Rebates typically make more sense when the APR difference is small, the rebate amount is large relative to the loan amount, or when you plan to pay off the loan early. The calculator will show you the exact break-even point.

Rebate vs APR Calculator

Compare rebate vs low APR financing

Vehicle Price ($)

Down Payment ($)

Standard APR (%)

Promo APR (%)

Loan Term (Years)

Rebate Amount ($)

Trade-In Value ($)

Trade-In Payoff ($)

Sales Tax Rate (%)

Doc/DMV Fees ($)

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Rebate vs Low-APR Decision Tool

Find out whether a cash rebate or a low promotional APR saves more for your loan.

How to decide

Rebates lower the amount financed; promo APRs lower the cost of financing. The winner depends on your rebate size, APR spread, and term. This tool compares total of payments for both options using the same taxes, fees, and trade-in inputs.

Assumptions

Rebate reduces taxable price if your region treats rebates that way; otherwise, adjust your inputs accordingly.
Promo APR cannot be combined with the rebate (typical OEM program structure).
Fees are included in both scenarios for apples-to-apples comparison.

Rebate vs APR Calculator

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Rebate vs Low-APR Decision Tool

How to decide

Assumptions

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