You can find new car cash back offers as high as 28.19% off sticker price for the month of August if you know where to look. Manufactures are pulling out all the stops to get prospective buyers out of their houses and buying new cars.
There is normally a slight dip in new car sales during the month of August. People rebounding from summer vacations and preparing for the rapidly approaching 2015-16 school year, Their primary focus isn’t on new car shopping at this time.
Automakers understand this is just part of the retail car sales industry and all they can do is try and provide attractive rebates and incentives to stimulate the market. The good news is, if you’re in the market for a new car, you may just find yourself a great deal with percentages off the manufacturer’s suggested retail price (MSRP) as high as 28.19%.
New car cash back offers can vary month-to-month and even change without notice. Each month, Cars.com sorts through their massive amount of data and lists the vehicles with the largest cash back offers that provide the largest percentage off of MSRP.
Electric vehicles provide the largest percentage discounts in the month of August. Kia owns the two top spots on the list with the 2015 Kia Soul EV and the 2016 Kia Soul EV. The 2015 Soul EV has an incredible $9,500 cash back offer for a 28.19 percent discount and the 2016 EV has a $8,500 offer for 26.6% discount. If you’re considering an eco-friendly vehicle, you’ll want to put these on your shopping list.
If a luxury car is more your style and you’re looking for a huge cash back rebate, take a look at the 2015 Jaguar XJ. Jaguar is offering $12,000 off MSRP (16.7 percent) on the XJ model. Better hurry, the offer ends on September 30, 2015.
Mazda is offering $4,000 cash back on their very popular 2015 Mazda CX-9, this gives you a discount of 13.34 percent. Not a bad offer if you’re in need of a seven-passenger vehicle with a strong V6 engine, pumping out 273 horsepower and providing 17 mpg city / 27 mpg highway. The spacious interior provides more than enough room and is equipped with all the latest technology. If you’re in the market for an SUV, make sure you put the 2015 Mazda CX-9 on your list, you just might be surprised, Zoom-Zoom.
Note: To maximize your savings, combine a new car cash back offer with low interest rate financing. Have your auto financing in place before contacting a dealership. You can get pre-approved through a bank, credit union, or for the best rates, an online lender specializing in auto loans. Visit my auto finance guide to learn more about how the auto finance process works and how dealers make money in the finance department of a dealership.
Best New Car Customer Cash Back Deals for July 2015
|Rank||Vehicle||Maximum Rebates||% Off MSRP||Expiration|
|1||2015 Jaguar XJ||$12,000||16.17%||09/30/2015|
|2||2015 Kia Soul EV||$9,500||28.19%||09/08/2015|
|3||2016 Kia Soul EV||$8,500||26.6%||09/08/2015|
|4||2016 Kia K900||$8,500||15.6%||09/08/2015|
|5||2015 Smart Fortwo Electric Drive||$5,125||20.5%||08/31/2015|
|6||2015 Hyundai Sonata Hybrid||$4,000||15.38%||08/31/2015|
|7||2015 Mazda CX-9||$4,000||13.34%||08/31/2015|
|8||2015 Chevrolet Malibu||$3,600||16.02%||08/31/2015|
|9||2015 Hyundai Elantra||$2,750||15.94%||08/31/2015|
|10||2015 Hyundai Elantra GT||$2,500||13.3%||08/31/2015|
|Note: This chart does not include financing or leasing options, which also vary. All cash incentives are subject to local variations. Factory-to-dealer cash incentives are not advertised or offered as an alternative to discount financing or leasing. All offers are subject to change and are subject to vehicle availability.|
Competition Between Dealers Always Gets You the Best Price
When negotiating a new car or truck’s price, it’s important to know the dealer invoice price and what other people are paying for the same vehicle in your local area. Otherwise, you won’t know what’s a good price to pay for the vehicle. I highly recommend using an online referral service such as Ryde Shopper and Motor Trend, their quotes will automatically include any discounts or cash-back incentives currently available.
In addition, the above sites will tell you which dealerships in your local area are currently the most flexible with their new car pricing. These sites provide valuable information for anyone thinking about buying or leasing a new car or truck.