Finance Charges

The finance charge is the total dollar amount you pay to use credit. It includes not only the interest costs, but also includes other costs, such as service charges, appraisal fees, points, late fees, minimum balance fees or credit-related insurance premiums.

Be careful to ask about all fees. They add up very quickly and can substantially increase the cost of the loan. It is important to consider the finance charge in making any intelligent credit decision.

Automobiles. When purchasing an automobile, you may be faced with the choice between a rebate that reduces the purchase price or low-interest rate financing. This adds another factor you should consider in making a credit decision.

Financial Calculators Automobiles. When purchasing an automobile, you may be faced with the choice between a rebate that reduces the purchase price or low-interest rate financing. This adds another factor you should consider in making a credit decision. Use this auto rebate calculator to help you determine whether you should take advantage of low-interest financing or a manufacturer's rebate. A rebate will reduce your auto loan amount, while low-interest financing lowers your monthly payment. The best option depends on the price of vehicle, the size of the rebate, the interest rate, and the amount you intend to finance.