# Cash Back vs Low Interest

> Compare a cash back rebate with a higher interest rate versus a lower interest rate with no rebate.

Page: https://askcalculators.com/calculator/cash-back-or-low-interest-calculator/
Definition: https://askcalculators.com/calculator/cash-back-or-low-interest-calculator/definition.json
JSON Schema: https://askcalculators.com/calculator/cash-back-or-low-interest-calculator/schema.json
Version: 7.0.0
Maintained by: AskCalculators (software project; not a credentialed reviewer)
Qualified review: pending. Automated checks do not establish professional approval.
Page status: Live
Review status: Pending

## Use
Open the calculator page and enter values. Query-string parameters can restore and bookmark a calculation.
Example: https://askcalculators.com/calculator/cash-back-or-low-interest-calculator/?price=35000&tradeIn=5000&term=60&cashBack=2500&highRate=6.5&lowRate=1.9

## Inputs
- price: Vehicle Price; type=number; optional; default=35000
- tradeIn: Trade-In / Down Payment; type=number; optional; default=5000
- term: Loan Term (Months); type=number; optional; default=60
- cashBack: Cash Back Amount; type=number; optional; default=2500
- highRate: Interest Rate; type=number; optional; default=6.5
- lowRate: Low Interest Rate; type=number; optional; default=1.9

## Outputs
- result: Result; format=text; primary

## Formula
Cash-back cost = price − rebate + financing interest; low-rate cost = price financed at the promotional APR; the lower total cost wins.

## Rules
- Empty optional inputs are undefined, not zero.
- Hidden conditional inputs are ignored.
- Do not invent missing required inputs.