Cash Back or Low Interest Calculator

Disclaimer: This calculator compares the total cost of two mutually exclusive auto financing offers: cash back with higher interest vs. low interest without cash back. It uses the standard loan amortization formula and assumes sales tax is applied to the price after cash back (common in U.S.). Adjust for your country's tax rules. Does not include insurance or other costs. For full auto loans, use the Auto Loan Calculator.

Cash Back Offer

Cash Back Amount ($)

Interest Rate (High) (%)

Low Interest Rate Offer

Interest Rate (Low) (%)

Other Information

Auto Price ($)

Loan Term (months)

Down Payment ($)

Trade-in Value ($)

Your State

Sales Tax (%)

Title, Registration and Other Fees ($)

Cash Back Offer (High Interest)

Monthly Payment

Total Cost Over Term

Low Interest Offer

Monthly Payment

Total Cost Over Term

Savings with Better Offer (Total Cost Difference)