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The Biggest Cash Back Deals

April 14, 2016

With gas prices still low, the biggest cash-back deals this month are on hybrids, plug-in hybrids, and full electric vehicles, according to Forbes. These vehicles are hard to sell (with the exception of Tesla), so manufacturers are offering up to $11,000 in incentives!

For gas-powered vehicles, the biggest cash back deals are on slow-moving sedans like the Ford Taurus, Kia Cadenza, Hyundai Azera, and Volvo S80 sedans.

The biggest cash-back deals are actually on leases. See below for full summary.

If you're shopping for a new car, I recommend you use TrueCar and RydeShopper to quickly see what deals are being offered in your local area.

VehicleCash Back
Audi A8/S8$5,000 cash back plus $2,000 owner loyalty or conquest bonus
BMW i3$7,500 lease cash or $1,000 purchase cash, plus $1,000 owner loyalty bonus
Cadillac ELR$5,000 lease cash or $750 owner loyalty bonus
Ford C-Max Energi$9,757 lease cash or $2,000 cash back
Ford Focus Electric$7,750 lease cash or $3,450 cash back
Ford Fusion Electric$9.007 lease cash or $500 cash back
Ford Taurus$4,000 lease cash
Hyundai Azera$6,000 lease cash or $1,000 cash back
Hyundai Equus$9,000 lease cash or $3,000 cash back
Hyundai Sonata Plug-in Hybrid$6,919 lease cash or $2,500 cash back
Kia Cadenza$4,000 lease cash
Kia Optima Hybrid$5,000 lease cash or $1,000 cash back
Kia Soul EV$11,000 lease cash (California Only)
Lincoln MKZ Hybrid$5,750 lease cash
Nissan Leaf$9,800 lease cash or $4,000 cash back
Smart ForTwo Electric$5,125 lease cash or $1,000 owner loyalty
Porsche 911$4,500 conquest cash back
Porsche Cayenne E-Hybrid$4,500 conquest cash back
Volvo S80$4,000 cash back
Volvo XC90 Hybrid$4,4585 lease cash

My Recommendation for Car Shoppers

TrueCar, RydeShopper, and CarsDirect are the best 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.
- Gregg Fidan

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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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