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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| Result | What it means? |
|---|---|
| Lower total cost with low interest | Low-interest loan preferred The lower-rate loan costs less overall after comparing monthly payments and cash back. |
| Lower total cost with cash back | Cash-back offer preferred The cash-back incentive outweighs the higher interest rate, making that offer cheaper overall. |
| Similar total cost | Costs are similar The two offers are close enough in total cost that other terms or convenience may decide the best choice. |
| — | No clear result Enter 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.
- Enter the sales tax percentage for your market. Use the local tax rate for the vehicle purchase.
- Trade-in value lowers the financed amount but is not treated as cash received in this comparison.
- Sales tax and title/registration fees are included in the financed amount for both offers.
This calculator is an estimate for planning purposes only. Actual loan offers, cash-back terms, and tax or fee rules vary by lender, market, and vehicle.