Personal Insights

Should I choose a low rate or cash back?

Vehicle manufacturers or dealers will often offer incentives to purchase a specific vehicle in the form of a low rate loan or a cash back incentive. While a low rate loan sounds attractive, you might be better off taking the cash back and adding it to your down payment, which will reduce the loan amount for the vehicle. Evaluate which option is best for you.

Use this calculator to determine if you should choose a low interest rate or cash back.