GM Offering $1,000 Rebate on V6 Equinox and Terrain

GM currently has a shortage of the 2.4-liter models with no end in sight. The good news? They have plenty of the V6 models to go around, plus they're throwing in a $1,000 cash-back rebate.

The V6 on the Equinox is a $1,500 option. When you factor in the rebate, plus the additional flexibility on price negotiation, you're probably looking at paying the same price as the 4 cylinder.

The only problem is that the V6 gets only 17 miles per gallon city and 24 miles highway, while the 4-cylinder gets 22/32 - a savings of around $600 per year on fuel costs.

Another negative: Most review sites prefered the 4-cylinder over the V6 models. But, if your heart is set on these models and you're having a tough time finding one, this may be the option for you.

Be sure to use the TrueCar when getting pricing.