Before jumping at either choice, you need to ask yourself how long you intend to keep your vehicle. First Reliance Bank’s low vehicle rates, combined with the rebate may be the best choice. If you're like most people, you trade in your vehicle before the term of the loan is up. A rebate of up to $3,000 is all up front and you receive the full savings benefit immediately. With the 0% financing, it takes years before you realize the full savings. The following example is based on trading your vehicle in after 3 years:
| Dealer Financing | First Reliance Bank Loan | |
| Loan Rate | 0% APR | 2.99%* APR |
| Term of Loan | 48 mos. | 48 mos. |
| Vehicle Price | $23,000.00 | $23,000.00 |
| Down Payment/Trade In | $2,500.00 | $2,500.00 |
| Negotiated Discount/Rebate | - | $3,000.00 |
| Amount of Loan | $20,500.00 | $17,500.00 |
| Monthly Payment | $427.00 | $387.00 |
| Total Amount Paid at 36 mos. | $15,372.00 | $13,942.00 |
| Remaining on Loan Balance | $5,128.00 | $4,573. ... |
