A car manufacturer sometimes offers a one-time rebate, usually deducted from your car’s purchase price to provide an incentive to buy now. Rebate amounts vary, but they usually range from $1,000 to $3,000. 

In general, a rebate will reduce your auto loan balance, while low interest financing lowers your monthly payment. The best option depends on the price of the vehicle, the size of the rebate and the interest rates available for financing. For example, the savings provided by a large rebate can easily be wiped out if the interest rate on the rest of the amount financed is too high.

Start on the left side of the calculator below and either adjust the sliders or enter the exact amounts for the scenario you want to evaluate. On the right side, the calculator will show the loan amount and monthly payment of the two options at the top, and a total cost graph below.

Please note that our auto loan calculator does not account for all taxes, documentation fees, and registration costs. A safe assumption is to add about 10% to your estimated vehicle purchase price to cover extra costs associated with the purchase of a vehicle.

New/Used Auto Lowest APR Rates 

Table comparing different rates
Effective date: March 15, 2024 Lowest APR
New Auto 6.49%
Used Auto 6.74%

Get Started Today

Contact Us

We're here to serve you. Find out ways that you can get in contact with us.