Comparison of Dealer Incentives and Loan Offers

Purchase Offer 1
Item Cost
Purchase price: $33,500
Cash incentive/rebate: $0
Loan term (months): 48
Annual percentage rate (APR): 3.2
Monthly payment: $725.33
Total cost: $34,815.62
Purchase Offer 2
Item Cost
Purchase price: $33,500
Cash incentive/rebate: $500
Loan term (months): 48
Annual percentage rate (APR): 4.1
Monthly payment: $746.59
Total cost: $35,836.15