The Rate Or The Rebate:
What Can A Car Buyer Do?It's not easy to choose the right auto financing. With so many options around, it's difficult
to understand how one program compares to another. Some people are even skeptical of programs that seem to offer great savings, assuming that if you save on
one thing you'll pay more for something else.
At Dollar Bank, we have a very simple approach to vehicle financing. We provide the best rate we
possibly can without the fuss and the gimmicks. But with all of the rebate programs out there, you may feel as though you have to choose between a great
rate or a great rebate. You can't have both, can you?
The following can help you begin to understand which choice is best for you. The options
are to take the great dealer finance rate and forego the rebate (Dealer Rebate Option), or take the rebate and finance your loan with Dollar Bank (Bank Rate
Option).
| Dealer Rate Option | Bank Rate Option |
|---|
| Loan Rate | 4.99% APR | 8.49% APR |
| Term (months) | 36 months | 36 months |
| Rebate | $0.00 | $1,000.00 |
| Amount Financed | $10,000.00 | $9,000.00 |
| Monthly Payment | $299.66 | $284.06 |
| Sum of Payments | $10,787.76 | $10,226.16 |
| Savings | $0.00 | $561.60 |
Which program is best for you? How much can you save? Now that you are familiar with our example, you can
determine your best option. Our Dollar Bank Representatives will be happy to assist you if you have any questions.
| Dealer Rate Option | Bank Rate Option |
|---|
| Loan Rate | | |
| Term (months) | | |
| Rebate | | |
| Amount Financed | | |
| Monthly Payment | | |
| Sum of Payments | | |
| Savings | | |
*Rate and offer subject to change without notice. 8.49% APR is an example rate only and is for Dollar Bank fixed rateauto loan customers selecting
automatic payment from a Dollar Bank checking account and is subject to increase if automatic payment is cancelled. This rate results in 36 monthly payments
of $31.56 per $1,000 borrowed, and is for new cars or new cars purchased less than six months ago.
To try our loan calculators, click here.
The information presented in this publication is general in nature; it is not our intention to provide specific
advice to individuals or a comprehensive discussion of the subject matter. We suggest that you consult with your
financial or tax advisor, accountant or attorney to obtain specific advice or comprehensive information.
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Dollar Bank representatives are available Monday through Friday from 8:00 AM to 8:00 PM and Saturday from 9:00 AM to
3:00 PM
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