Rebate VS Special
Financing
A very common question asked by many buyers, which
makes more sense taking the Rebate or the Special Financing.
There is no easy answer, there are many variables. We will
break it down so you can easily decide for yourself which is
better.
The chart below shows you the impact of different rates,
rebates and terms.
You can also download the Excel Spreadsheet and change
the numbers to reflect your Price, rate, term and rebate.
Download Spreadsheet.
You will see below that is very hard to beat zero percent
financing. Remember that Special Financing is usually subject
to credit approval. Not everyone may qualify for special
financing.
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| Amount of Rebate |
Amount Financed |
Interest Rate% |
Term Months |
Monthly Payment |
Payout Over Term |
Interest Cost |
| 0 |
$20,000 |
0.0% |
36 |
$555.56 |
$20,000.00 |
$0.00 |
| 0 |
$20,000 |
0.0% |
48 |
$416.67 |
$20,000.00 |
$0.00 |
| 0 |
$20,000 |
0.0% |
60 |
$333.33 |
$20,000.00 |
$0.00 |
| 0 |
$20,000 |
0.0% |
72 |
$277.78 |
$20,000.00 |
$0.00 |
| 0 |
$20,000 |
1.9% |
36 |
$571.98 |
$20,591.24 |
$591.24 |
| 0 |
$20,000 |
1.9% |
48 |
$433.03 |
$20,785.45 |
$785.45 |
| 0 |
$20,000 |
1.9% |
60 |
$349.68 |
$20,980.86 |
$980.86 |
| 0 |
$20,000 |
1.9% |
72 |
$294.13 |
$21,177.47 |
$1,177.47 |
| 0 |
$20,000 |
2.9% |
36 |
$580.74 |
$20,906.76 |
$906.76 |
| 0 |
$20,000 |
2.9% |
48 |
$441.80 |
$21,206.55 |
$1,206.55 |
| 0 |
$20,000 |
2.9% |
60 |
$358.49 |
$21,509.14 |
$1,509.14 |
| 0 |
$20,000 |
2.9% |
72 |
$302.98 |
$21,814.53 |
$1,814.53 |
| 0 |
$20,000 |
3.9% |
36 |
$589.59 |
$21,225.26 |
$1,225.26 |
| 0 |
$20,000 |
3.9% |
48 |
$450.69 |
$21,632.96 |
$1,632.96 |
| 0 |
$20,000 |
3.9% |
60 |
$367.43 |
$22,045.71 |
$2,045.71 |
| 0 |
$20,000 |
3.9% |
72 |
$311.99 |
$22,463.51 |
$2,463.51 |
| 500 |
$19,500 |
6.25% |
36 |
$595.44 |
$21,435.81 |
$1,935.81 |
| 500 |
$19,500 |
6.25% |
48 |
$460.20 |
$22,089.43 |
$2,589.43 |
| 500 |
$19,500 |
6.25% |
60 |
$379.26 |
$22,755.64 |
$3,255.64 |
| 500 |
$19,500 |
6.75% |
72 |
$330.12 |
$23,768.62 |
$4,268.62 |
| 1000 |
$19,000 |
6.25% |
36 |
$580.17 |
$20,886.17 |
$1,886.17 |
| 1000 |
$19,000 |
6.25% |
48 |
$448.40 |
$21,523.04 |
$2,523.04 |
| 1000 |
$19,000 |
6.25% |
60 |
$369.54 |
$22,172.16 |
$3,172.16 |
| 1000 |
$19,000 |
6.75% |
72 |
$321.66 |
$23,159.16 |
$4,159.16 |
| 1500 |
$18,500 |
6.25% |
36 |
$564.90 |
$20,336.54 |
$1,836.54 |
| 1500 |
$18,500 |
6.25% |
48 |
$436.60 |
$20,956.64 |
$2,456.64 |
| 1500 |
$18,500 |
6.25% |
60 |
$359.81 |
$21,588.68 |
$3,088.68 |
| 1500 |
$18,500 |
6.75% |
72 |
$313.19 |
$22,549.71 |
$4,049.71 |
| 2000 |
$18,000 |
6.25% |
36 |
$549.64 |
$19,786.90 |
$1,786.90 |
| 2000 |
$18,000 |
6.25% |
48 |
$424.80 |
$20,390.24 |
$2,390.24 |
| 2000 |
$18,000 |
6.25% |
60 |
$350.09 |
$21,005.20 |
$3,005.20 |
| 2000 |
$18,000 |
6.75% |
72 |
$304.73 |
$21,940.26 |
$3,940.26 |
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for illustrative purposes
only
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