What is a better deal – Rebate or low interest finance?

Mar 28 2010

Automakers are having a tough time selling cars and except for some of the concept ones like hybrid or electric cars, the popular ones are not getting sold like they used to. These companies are therefore trying to entice customers with attractive discounts and low interest finance schemes so that buyers feel motivated to take the decision and not put off their purchase.

It is worth pondering which one is the better option? When you get upfront cash discounts, it is advisable to take them and get done with the transaction if you have the cash. Getting into low finance interest rate deals will always have some hidden factor that can escalate the cost for you in the long run.

Alternatively, you can do a comparison of both the offers or ask somebody in the knowhow of the business to do it for you. It is however certain that any finance scheme, however low the interest rate will cost you more than the outright purchase through cash. In these tough times, cash is king and you will find it worthwhile to purchase the vehicle outright utilising the cash rebate.

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