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 CarWoo Negotiation Tool when getting pricing.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe 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 NetworkSelect 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).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, 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 ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid