Will the dealership still give me a rebate on a new car even with special financing?

Answer 1

It depends upon the bank, most cases you will get the same rebates as anyone else would, but you would not get a special interest rate. Ask to see the rebate in your contract before you sign the papers.

Answer 2

Depends on the incentive program, but typically manufacturer incentives will be an either/or proposition, so you either take the rebate or the low interest rate loan, not both.

To see which offer is better in the long run, you'd need to calculate how much money you'd save on the loan using the special interest rate vs. the regular rate you'd qualify for, and compare it to the rebate. Here's a very simple amortization calculator that you can use to play around with different interest rates and lengths of loan: http://www.amortization-calc.com/ (it's very eye opening to see how the interest paid can explode as the rate & length go up).

In general, if you have good credit, the rebate will make more sense since you should be able to get a fairly good rate without the incentive. But if you have bad credit, a low interest loan will save you a bundle in the long run.

Answer 3

Manufacturers offer rebates or special interest rates. It's one or the other. Sometimes the financial institute,(Ford Credit, Chrysler Financial) will offer incentives to finance through them. Also, sometimes there are extra incentives,(military discount, Farm Bureau member) that you would have to visit a dealership to find out what you qualified to get.