Auto
Cash Back or Low Interest Calculator
Decide between a manufacturer cash-back rebate or low-interest financing.
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Formula
$$\text{Compare: } M_{\text{std}}(\text{Price}-\text{Rebate},\,r_{\text{std}}) \;\text{vs.}\; M_{\text{promo}}(\text{Price},\,r_{\text{promo}})$$
Where
Pricesticker priceRebatecash backr_stdstandard APRr_promopromo APRM_stdmonthly payment at standard APRM_promomonthly payment at promo APR