The Biggest Cash Back Deals
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 No Haggle and CarsDirect to quickly see what deals are being offered in your local area.
Vehicle | Cash 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 |
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).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

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
About The Author

Latest Weekly Car Buying Tips
June 2022
- Best Car Deals for 4th of July 2022 Jun 30, 2022
- Worst Cars to Lease Right Now Jun 30, 2022
- Best Car Deals Around the Country Jun 30, 2022
- Real Prices of Pickup Trucks Jun 30, 2022
- Top 100 Cheapest Lease Deals Jun 23, 2022
- Best Car Deals by Category Jun 23, 2022
- Real Prices of Large SUVs Jun 23, 2022
- New Cars You Should Wait to Buy Jun 23, 2022
- Biggest Discounts on New Cars Jun 16, 2022
- Cars With the Largest Rebates Jun 16, 2022
- Which Cars Better to Lease or Buy Jun 16, 2022
- Real Prices of New Compact SUVs Jun 16, 2022
- Best Bang for Your Buck Lease Deals Jun 09, 2022
- Best Electric, Hybrid Lease Deals Jun 09, 2022
- Best 0% Finance Deals June 2022 Jun 09, 2022
- Real Prices of Compact Cars Jun 09, 2022
- Top 100 Cheapest New Cars Jun 02, 2022
- Price Comparison of Subcompact SUVs Jun 02, 2022
- Lease Deals with Loyalty & Conquest Rebates Jun 02, 2022
May 2022
- Real Prices of Midsize SUVs May 26, 2022
- Real Prices of Midsize Cars May 19, 2022
- Largest Hidden Dealer Rebates May 05, 2022