Cash Back vs. Low Interest Auto Loan Calculator
Use this cash back vs low interest calculator to compare a car dealer
Best Financing Package Option
Low Interest Option is Cheaper!
Saves you $157 in lifetime out-of-pocket costs.
Break-Even AnalysisTo make Cash Back superior, your alternative financing rate must be below 6.29% APR.
Purchase Parameters
Cost breakdown Comparison
Side-by-Side Breakdown
| Metric | Cash Back | Low APR |
|---|---|---|
| Loan Principal | $26,450 | $29,450 |
| Interest Rate | 6.5% APR | 1.9% APR |
| Monthly Payment | $518 | $515 |
| Total Interest Paid | $4,601 | $1,444 |
| Total Payments | $31,051 | $30,894 |
| Total Lifetime Cost | $34,051 | $33,894 |