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Loans CashIf you choose this dealer's rebate plan, you forego the low-interest-rate loan but get a $1,500 cash rebate. Adding the rebate to your down payment can make credit union financing very attractive, because the larger down payment reduces the amount you need to finance. Lease Payment Calculator - Find out of leasing makes more financial sense. Free Quotes
Rebate - A rebate is a gift to buyers, extended by the manufacturer (or, sometimes, the dealer) to encourage them to purchase a particular make and model. Typically, rebates are stated as a reduction in the selling price of the car, but they may also be expressed as an offer for a better rate of financing. These are called either-or offers. Rebates are most often attached to the slowest-selling vehicles. Sometimes, they’re a seller’s solution for dealing with a surplus of one make and model and surface as the end of a model year approaches. You should always ask about rebates and other incentives on a model you are interested in. Many people choose to lease their vehicles, as it often carries a lower monthly payment. Additionally, auto leasing takes the hassle out of selling your car, as most consumers typically hand back the car at the end of the lease, and lease a new vehicle. There are sometimes greater tax advantages to leasing, and many business owners and professionals choose this option. Your tax advisor or account can give you the best advice about leasing.
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