Enter Purchase price ($), Down payment ($) and Loan term (months) and the remaining scenario settings to review savings with this tool. Cash back reduces the amount financed; a lower rate reduces interest on the financed balance.
Result = Financial inputs processed using the applicable rate, payment, compounding or cash-flow relationship shown by this calculator.The calculation links Purchase price ($), Down payment ($) and Loan term (months) to savings. Cash back reduces the amount financed; a lower rate reduces interest on the financed balance. The better result depends on both effects together.
Enter Purchase price ($), Down payment ($) and Loan term (months) and the remaining scenario settings to review savings with this tool. Cash back reduces the amount financed; a lower rate reduces interest on the financed balance.
Compare a cash rebate with a promotional financing rate for the same purchase. Look at the total cost over the repayment term, as well as the monthly payment.
Cash back reduces the amount financed; a lower rate reduces interest on the financed balance. The better result depends on both effects together.
Prepare Purchase price ($), Down payment ($), Loan term (months), Interest rate (%), Cash back offer ($), Low interest rate (%) and Additional fees ($). Enter both offers from written quotes and keep the purchase price, down payment and comparison term consistent.
Cash back reduces the amount financed; a lower rate reduces interest on the financed balance. The better result depends on both effects together. Offer restrictions, required down payments, fees, taxes and early repayment can change the comparison. The displayed rates are assumptions, not available offers.
Use the full settings in the worked-example table. They produce Savings: $1092. Compare the method and units as well as the displayed number.
The displayed relationship is Result = Financial inputs processed using the applicable rate, payment, compounding or cash-flow relationship shown by this calculator. Enter both offers from written quotes and keep the purchase price, down payment and comparison term consistent.
Offer restrictions, required down payments, fees, taxes and early repayment can change the comparison. The displayed rates are assumptions, not available offers. For a transaction or account decision, compare the inputs with the applicable statement, contract or official rules.
Worked cash back or low interest calculator example. Set Purchase price ($) = 30000; Down payment ($) = 3000; Loan term (months) = 36 months; Interest rate (%) = 6.9; Cash back offer ($) = 1500; Low interest rate (%) = 0.9; Additional fees ($) = 0. The corresponding output is Savings: $1092. Cash back reduces the amount financed; a lower rate reduces interest on the financed balance.
Compare a cash rebate with a promotional financing rate for the same purchase. Look at the total cost over the repayment term, as well as the monthly payment.
Enter both offers from written quotes and keep the purchase price, down payment and comparison term consistent.
| Field | Example value | Entry check |
|---|---|---|
| Purchase price ($) | 30000 | Use the amount for this scenario in the currency and period shown by the field. |
| Down payment ($) | 3000 | Use the amount for this scenario in the currency and period shown by the field. |
| Loan term (months) | 36 months | Use the period unit in the field label; months and years are not interchangeable. |
| Interest rate (%) | 6.9 | Enter a percentage in the form requested by the field, keeping its stated time basis. |
| Cash back offer ($) | 1500 | Use the amount for this scenario in the currency and period shown by the field. |
| Low interest rate (%) | 0.9 | Enter a percentage in the form requested by the field, keeping its stated time basis. |
| Additional fees ($) | 0 | Check whether this amount is one-time, monthly or annual before entering it. |
Relationship used for this example: Result = Financial inputs processed using the applicable rate, payment, compounding or cash-flow relationship shown by this calculator.
Cash back reduces the amount financed; a lower rate reduces interest on the financed balance. The better result depends on both effects together.
| Output | Displayed result |
|---|---|
| Savings | $1092 |
With these settings, savings is $1092. Use the same units and calculation mode when reproducing this example.
Cash back reduces the amount financed; a lower rate reduces interest on the financed balance. The better result depends on both effects together. Offer restrictions, required down payments, fees, taxes and early repayment can change the comparison. The displayed rates are assumptions, not available offers.
Replace the illustrative purchase price ($) value (30000) with your own value, then complete the other inputs for the same scenario. Enter both offers from written quotes and keep the purchase price, down payment and comparison term consistent.