Rebate Option

Filed Under »
Dictionary Says

Definition of 'Rebate Option'

An offer to consumers for a cash discount on the purchase of a consumer good. The rebate option may also be called "cash back", though the consumer will not actually receive cash in hand - the "cash back" is used to directly reduce the purchase price. The rebate option is one of two common choices consumers can make when negotiating a price; the other choice is a reduced interest rate. Dealers offer these options as incentives to entice people to buy.

Investopedia Says

Investopedia explains 'Rebate Option'

Customers who are financing a product will need to decide between the two choices. While the rebate option makes the most sense for cash buyers, on a loan, the principal and interest both affect the monthly payment, so the buyer who is financing should consider what the monthly payment will be under both options, and what the total cost will be during the time he plans to own the vehicle.

Related Definitions

Search results for

'Rebate Option'

  • Rent-To-Own Real Estate Full Of Pitfalls

    http://www.investopedia.com/articles/mortgages-real-estate/08/rent-to-own.asp
    ... probably still be interested in buying the property because of the rent money rebate. ...
    tenants are more likely to take care of a lease-option property because ...
  • FHA Money Trouble Causes Concern For Homebuyers - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1211/FHA-Money-Trouble-Causes-Concern-For-Homebuyers.aspx
    ... to those who were facing foreclosure with their private lenders an option to refinance ...
    even allowed first-time homebuyers to use the $8,000 tax rebate as their ...
  • Healthcare Winners And Losers

    http://stocks.investopedia.com/stock-analysis/2009/Healthcare-Winners-And-Losers-IHE-LH-DGX-IHI1105.aspx
    ... The industry fought hard, kept an $80 billion rebate agreement with Finance Committee ...
    victory when they helped defeat a state-run government option, but they ...
  • Watch Out For "Junk" Mortgage Fees

    http://www.investopedia.com/articles/mortgages-real-estate/08/mortgage-closing-costs-fees.asp
    ... Application fee; Underwriting fee; Mortgage rate lock fee; Loan processing fee;
    Broker rebate. ... Learn more about it in All-In-One Mortgage A Good Option For Thrifty ...
  • Top 5 Easy Saving Tips - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/Top-5-Easy-Saving-Tips.aspx
    ... Ask your employer if you can designate several accounts for your paycheck, and take
    advantage of this option. ... Save the Extras Do you have a tax rebate? ...
  • Ways To Slash Your Home Energy Bill

    http://www.investopedia.com/articles/pf/08/energy-efficiency-efficient-home.asp
    ... Certain states have rebate programs that offer partial refunds for new ... Light-emitting
    diode (LED) televisions present another energy-efficient option for larger ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links