A car rebate is a manufacturer’s cash return to the buyer for completing a new vehicle purchase or lease. Manufacturers commonly use this inducement to increase demand for models with sagging sales. Depending on the automaker’s rebate program, buyers can receive the money in the form of a lump sum or use it as all or part of a down payment. In some cases, it can cover initial monthly payments.
Rebate programs constantly change as vehicle manufacturers jockey for market share. An automaker can offer different incentives across various markets.
Such rebates are often advertised as “Cash Back,” Cash Allowance,” or “Customer Cash,” etc. The best way to find these rebates is to visit an automaker’s website, which will advertise the offers available in your local area.
