| |
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.
| 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 |
|
 |
|