Low APR vs. Rebate

When purchasing a new vehicle, dealerships often present two financing incentives: a low promotional interest rate or a cash rebate. While the low APR offer may sound appealing, taking the rebate and financing through Metco Credit Union may result in a lower loan balance — and a lower monthly payment.

This calculator helps you compare both options. Enter the vehicle price, the available rebate, the dealer’s interest rate, the Metco Credit Union interest rate, and your preferred loan term. You’ll see which choice gives you the best overall value, so you can shop confidently and stay within your budget..

Quick Tip: Even a small difference in interest rates or loan amount can make a noticeable impact over the life of the loan. Running the numbers before visiting the dealership can help you avoid making a decision under pressure.

		CU		Dealer
Cost of Vehicle:	$		$
Rebate:	$		$
Amount to Finance:	$		$
Interest Rate:		%		%
Months:

Payment Amount:	$		$
Monthly Savings:	$		$
Total Savings:	$		$

The accuracy of this calculator and its applicability to your circumstances is not guaranteed.
Results should be discussed with a qualified professional before any product purchases or loan commitments are made.