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GM Incentives and Lease Deals for May 2016

GM Rebates May 2016Car sales have continued to be strong, but GM has lots of leftover models they need to get rid of, so they're offering big cash back rebates on remaining 2015 models as the 2016 models have taken over showrooms.

The average incentive per vehicle is currently $3,660, up 7% compared to the same time last year.

Cash-back rebates have been reduced in recent month, but have been made up by larger hidden dealer rebates. There are great deals available mostly on the leftover models and trucks, such as $2,000 cash back on the Chevrolet Silverado. GM is also offering financing as low as 0% on most models.

Here are the maximum rebates and dealer cash available nationwide. (Note: incentives can vary greatly by region; these figures may not be accurate in your local area. Always verify with your local dealers) Tip: Be sure to use TrueCar and Edmunds Price Promise (They both have good pre-negotiated prices)

GM Dealers With the Lowest Prices

Use the free TrueCar service to get highly discounted prices and lease offers from local Dealers.

Top GM Rebates for May 2016

Year Model Max Rebate
2015Buick Enclave$1,500
2015Buick LaCrosse$1,000
2015Buick Regal$1,000
2015Buick Verano$1,000
2015Chevrolet Camaro$1,500
2015Chevrolet City Express$1,500
2015Chevrolet Colorado$1,000
2015Chevrolet Cruze$1,000
2015Chevrolet Equinox$1,750
2015Chevrolet Express$1,000
2015Chevrolet Express Cargo$1,000
2015Chevrolet Impala$1,500
2015Chevrolet Malibu$1,500
2015Chevrolet Silverado 1500$1,500
2015Chevrolet Silverado 2500HD$2,000
2015Chevrolet Silverado 3500HD$2,000
2015Chevrolet Sonic$1,000
2015Chevrolet Spark$500
2015Chevrolet SS$500
2015Chevrolet Suburban$1,500
2015Chevrolet Tahoe$1,000
2015Chevrolet Traverse$2,250
2015Chevrolet Trax$500
2015Chevrolet Volt$2,000
2015GMC Acadia$2,250
2015GMC Savana$1,000
2015GMC Savana Cargo$1,000
2015GMC Sierra 1500$1,500
2015GMC Sierra 2500HD$2,000
2015GMC Sierra 3500HD$2,000
2015GMC Terrain$1,750
2015GMC Yukon$1,000
2015GMC Yukon XL$1,500

Best Lease Deals on GM Vehicles

Year Model MSRP Term
2016Cadillac ATS-V$60,465 36 10,000 $0 $684
2016Cadillac ELR$65,000 36 12,000 $0 $499

GM Dealers With the Lowest Prices

Use the free TrueCar service to get highly discounted prices and lease offers from local Dealers.

Other Car Incentives for May 2016

My Recommendation for Car Shoppers

TrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.

California Residents - Important:

There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.

- Gregg Fidan

Gregg Fidan

About: Gregg Fidan

Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

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