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Credit & Debt

Auto Purchase: 0% Dealer Financing or Auto Loan?

At first glance, 0% financing appears to be the best option when purchasing an auto. However, if you choose to finance through a bank or credit union you may be eligible for a dealer rebate. Use this calculator to help determine which is the best option based on when you anticipate selling your car and purchasing a new one.
Purchase, Rebate and Financing Information
Sales price before rebate ($)
Rebate amount if financing through bank or credit union ($)
Annual interest rate (%)
Term of loan: (years)
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This information may help you analyze your financial planning needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee or indicate future results.