Cash back incentives are great for car shoppers who plan on using their bank, credit union or private lender to finance their auto loan on a new vehicle. Older models and models that aren’t selling fast will usually get the biggest cash back rebates. Customers who plan on buying their next new vehicle with cash can also take advantage of cash back car deals.
When trying to decide between a cash back rebate and a promotional auto loan rate, try to get pre-approved financing through your bank, credit union or private lender. If your pre-approved auto loan rate is better than what the dealer offers you, the easy choice is the cash back and to take the auto loan rate that your lender offered you.
Make sure before you decide that you calculate all the incentive options not only as to how much it will affect the monthly auto loan payment, but how much you’ll save over the length of the loan.
Here are the best cash back deals for April 2011:
Buick: 2011 Lucerne $4,000
Chevrolet: 2010 Tahoe $3,000, 2011 Avalanche $3,000, 2010 Cobalt $3,000, 2011 HHR $3,500, 2011 Impala $3,500, 2010 Malibu Hybrid $3,500, 2010 Impala $4,000, 2010 Avalanche $5,000 (pictured below)
Dodge: 2011 Nitro $3,000
Ford: 2011 Expedition $3,000, 2011 F-150 $3,000, 2010 Explorer $3,000, 2011 Ranger $3,500
Jeep: 2011 Liberty $3,000
Kia: 2010 Optima $3,000, 2010 Sedona up to $3,000
Lincoln: 2011 MKT $3,000, 2011 Navigator $3,000
Mitsubishi: 2011 Galant $3,500, 2011 Endeavor $4,500
Nissan: 2011 Armada $3,500, 2011 Titan $4,500
Incentives listed are for the southeast region. They may differ depending on where you live. Check the automaker’s site to find the incentives in your area.
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