Navy Federal
Home | Locations/ATMs | Search/Sitemap | Contact Us | Sign On  
Navigation
graphic  Auto Center > Low Rates vs. Rebates
 

Low Rates vs. Rebates

Incredibly low auto loan rates are out there, as low as 0%, but they may not be in your best “interest.” Do the math before picking your interest rate. You can often save by taking the rebate and financing a lower amount at a higher interest rate!

See the table below for an example.

Use our monthly loan payment calculator and only take the lower rate if your interest savings are more than the dealer’s rebate. And remember, Navy Federal offers 100% financing, including taxes, tags and title.

 

Dealer’s Financing
Credit Union Financing
Purchase Price $26,000 $26,000
Dealer Rebate -$0 -$3,000
Loan Amount $26,000 $23,000
APR 0% 3.9%
Loan Term 36 months 36 months
Monthly Payment $722 $679
Total Repayment $26,000 $24,435
 
 
Planning and Tools About Navy Federal