Car Financing Calculator
Which is the better option for you–borrowing money to buy a vehicle or paying cash? Use this calculator to determine which option is best for you.
This calculator is for general education purposes only and is not an illustration of current Navy Federal products and offers.
About This Calculator
Generally, if the interest rate you earn on your savings is lower than the after-tax cost of borrowing, it is cheaper to pay cash. However, you face a potential loss of financial flexibility if you pay cash.
Additional Resources
Shop for Your Next Car With Our Car Buying Service
Shop, compare and get up-front price offers through the Car Buying Service, powered by TrueCar®.
Learn more about Navy Federal's Car Buying Service
Make Sense of the Car-Buying Process
Get clear, step-by-step information on the car-buying process, from understanding car costs to making the deal.
Learn more about the car-buying process about the car-buying processabout the
Already Have an Auto Loan with Another Lender?
If you didn't finance your auto loan at Navy Federal, now's your chance! Refinance with us and get $200!1
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Disclosures
1Credit and collateral subject to approval. Existing Navy Federal loans are not eligible for this offer. Auto refinance loan must be at least $5,000. Loan must be open for at least 60 days with first scheduled payment made to be eligible for the $200, which will be credited to the primary applicant’s savings account between 61 and 65 days of the loan origination date. Offer may end at any time. Recipient is solely responsible for any personal tax liability arising out of this incentive.
This content is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.