Understanding your calculation
Method, example and limitations
How the calculation works
The comparison models financing the same purchase with a cash rebate versus a lower interest rate, using each offer’s financed balance and payment schedule.
Example to check
A 1,000 rebate reduces a 20,000 financed purchase to 19,000 before other costs; the alternative lower rate must be compared over the same term.
Before using the result
Check eligibility, down payment, taxes, dealer fees and early repayment. The lowest monthly payment need not mean the lowest total cost.