Cash-back incentives and customer rebates are plentiful in the automotive market place during the month of June. These offers, combined with dealers desperately wanting to move old age inventory, makes June a great time to buy a new vehicle.
If you're like most new car shoppers, you're always looking for the best price when buying a new car. I've listed the top 10 best cash-back offers available based on percentage of discount from the Manufacturer's Suggested Retail Price (MSRP).
If you're lucky enough to find any remaining 2014 models, they typically have the highest incentives and most attractive cash-back offers. The average incentive available across all car brands is approximately $3000, which averages out to a savings of about $60 a month off your car payment.
Visit my chapter on New Car Rebates and Customer Incentives to read more on how these offers work, the different types of incentives, and how to find out if the vehicle your considering has any special discounts available.
Keep in mind, rebates and incentives can vary by region, subject to vehicle availability, and may change without notice. You should always check with several dealers in your area to get a good idea of the market.
| Rank | Vehicle | Cash Back | Percent off MSRP | Expiration |
|---|---|---|---|---|
| 1 | 2015 Jaguar XJ | $10,000 | 13.48% | 6/30/2015 |
| 2 | 2015 Kia K900 | $8,000 | 14.68% | 7/06/2015 |
| 3 | 2014 BMW Active Hybrid 5 | $5,500 | 8.96% | 6/30/2015 |
| 4 | 2015 BMW i3 | $4,875 | 11.5% | 6/30/2015 |
| 5 | 2015 Porsche Cayman | $4,500 | 8.56% | 6/30/2015 |
| 6 | 2015 Porsche Boxster | $4,500 | 8.75% | 6/30/2015 |
| 7 | 2015 Jaguar XF | $4,000 | 7.97% | 6/30/2015 |
| 8 | 2014 BMW ActiveHybrid 3 | $4,000 | 8.02% | 6/30/2015 |
| 9 | 2015 Mazda CX-9 | $2,100 | 7% | 6/30/2015 |
| 10 | 2015 Mazda Mazda6 | $1,500 | 7.08% | 6/30/2015 |
As always, I highly recommend you begin your new car shopping experience online. This will help better educate you on the car buying process, allow you to contact several dealerships to get a feel for the market, and keep you from becoming the victim of any costly car dealer scams. Read my article on How to Research New Cars Online to learn how to shop, compare, and price new cars from before stepping foot inside a car dealership.
As always, I recommend using a free online referral service such as TrueCar and CarClearanceDeals to guarantee you pay the lowest price. These services will tell you what others are paying for the vehicle you're considering in your local area and which dealers give the greatest discounts.
About the Author
Since 2002, Carlton Wolf has shared his 18+ years of experience in the new and used retail car business within the pages of AutoCheatSheet.com. After years of helping friends and family members receive great deals when purchasing their vehicles, he was inspired to educate more people with his insider knowledge, tips and secrets. He has been called upon as an expert in the field by several local and national media outlets and has helped thousands of car shoppers save money during all aspects of the car buying process.
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