Rebate vs Low APR Calculator

Results

Rebate Offer Payment$0

Low APR Payment$0

Rebate Offer Total$0

Low APR Total$0

Estimated Better Option—

Estimated Difference$0

How this calculator works

The calculator estimates the payment and total paid for each offer, then compares total cost over the full loan term.

Last updated: June 23, 2026. Results are estimates and may not include every fee, tax, lender rule, or personal factor.

rebate vs low APR calculator guide

How to use this rebate vs low apr calculator

Dealer offers can be confusing because one option lowers the purchase price while another lowers financing cost. This calculator puts both choices into total-cost terms.

Steps

Enter the vehicle price, down payment, term, regular APR, promotional APR, and rebate.
Compare the monthly payment for each option.
Review total interest and total cost.
Use the lower total cost only if the payment also fits your budget.

Calculation method

The rebate option reduces the financed price but uses the regular APR. The low APR option keeps the original price but uses the promotional APR. The calculator compares payment and total cost.

Example scenario

A $1,500 rebate may beat a low APR offer on a short loan, while a very low APR can win on a longer loan. The result depends on price, APR difference, and term.

Tips for a better estimate

Ask whether you can combine rebates and APR offers.
Compare out-the-door price, not only monthly payment.
Check if the promo APR requires excellent credit.