Auto Loan Calculator: Rate vs. Rebate
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 attractivebecause the larger down payment reduces the amount you need to finance.
So which alternative is besttaking the dealer's low-rate loan or the Government Printing Office FCU's loan with the dealer's cash-back offer? Use the calculator to find out. Fill in all six fields before you hit calculate.