:: Financial Calculators

Sometimes you hear dealer rates that sound too good to be true. Typically if you choose the dealer's rebate plan, you forego the low-interest-rate loan, but get a cash rebate. Adding the rebate to your down payment can make credit union financing very attractive—because the larger down payment reduces the amount you need to finance.

So which alternative is best—taking the dealer's low-rate loan or the credit union's loan with the dealer's cash-back offer? Use the calculator to find out. Fill in all six fields before you hit calculate.

Rate vs. Rebate Calculator
Amount to finance:
Rebate amount:
Dealer rate (%):
Credit union rate (%):
Length of dealer loan (years):
Length of credit union loan (years):
Calculate It!
Monthly payment to dealer:
Monthly payment to credit union:


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