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

If you've been shopping for a four-cylinder Chevrolet Equinox or GMC Terrain, then you know they're hard to come by.

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 CarWoo Negotiation Tool when getting pricing.

3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:

Step 1 Get Prices From My Trusted Network

Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Select Vehicle to Get Local Pricing

Step 2 Get Prices From TrueCar / CarsDirect

TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.

Step 3 Complete my Checklist

Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

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About The Author

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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