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Choose between rebate and low interest finance
Apr 4 2010Car makers are going out of their way to woo consumers with attractive rebates and low interest finance options in order to reduce their piled up inventory. People in the UK and US have been hit severely by the global recession and are not feeling confident about going out there and making purchases of expensive firsthand cars like they used to.
Which of the two is the better one for you as the consumer is the point in question. If you have the cash then it would appear that it is better to take advantage of the rebate offers and make the outright purchase. However you may discover that the low interest finance options with zero processing charges may also make sense and that is why it is better to do some serious number crunching before making the choice.
While cash back rebates have always been popular due to the companies willing to dole out more by way of well designed packages, slackening demand has forced them to introduce low finance interest packages that are as competitive if the customer in question has a decent credit rating. A side by side analysis of both the offers will tell you how much you will actually spend during the tenure of the loan.
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