Cash Back or Low Interest Calculator

Compare a higher-rate cash-back auto financing offer with a lower-rate loan to see which option costs less over the full term.

Your Result

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ResultWhat it means?
Lower total cost with low interestLow-interest loan preferredThe lower-rate loan costs less overall after comparing monthly payments and cash back.
Lower total cost with cash backCash-back offer preferredThe cash-back incentive outweighs the higher interest rate, making that offer cheaper overall.
Similar total costCosts are similarThe two offers are close enough in total cost that other terms or convenience may decide the best choice.
—No clear resultEnter the loan details to compare the total cost of the two offers.

Cost comparison formula

Total cash cost=down payment + monthly payment × loan term − cash back

This calculator compares the cash cost of the same financed purchase under two loan offers: a higher-rate cash-back offer and a lower-rate loan.

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