When buying a car, you may be faced with either a cash back incentive or lower interest rate. This calculator outlines the total amount you’ll pay with either option, comparing total savings.

Enter the price, down payment, loan term, and interest rate (not the low offer rate) for the car you’re hoping to buy. You’ll also be given options to enter a trade in value. When done, you’ll see which offer saves you more money, the predicted loan amount, and how much you could save.

Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy, their applicability to your circumstances or guarantee of credit. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.