This month, car manufacturers are rolling out some eye-popping cash-back incentives, signaling an increase in inventory and competition in the market. If you’re looking to snag a deal on a new car (click Vehicle Name), this is the time to act. Some vehicles are offering rebates as high as $10,000! Below, we’ll break down the top 10 vehicles with the largest cash-back rebates, along with the pros and cons to help you decide if one of these models is right for you.
1. 2024 Lincoln Navigator – $10,000 Cash Back
Luxury meets spaciousness in the Lincoln Navigator, and now it’s offering up to $10,000 in cash-back rebates.
Pros:
- Premium interior: High-quality materials and cutting-edge technology elevate every ride.
- Powerful engine: Delivers smooth acceleration and plenty of towing capability.
- Spacious cabin: Seats up to eight with generous cargo space.
Cons:
- Pricey even with rebates: Still among the most expensive SUVs in its class.
- Fuel efficiency: Below average for a large SUV.
- Large size: Can be challenging to park and maneuver in tight spaces.
2. 2024 Hyundai Ioniq 5 Electric – $7,500 Cash Back
This award-winning electric crossover continues to impress with bold design and cutting-edge features.
Pros:
- Striking design: Futuristic aesthetics set it apart in the EV market.
- Fast charging: Can charge from 10-80% in as little as 18 minutes with a DC fast charger.
- Spacious interior: Offers plenty of passenger and cargo space for a compact EV.
Cons:
- Limited range on base models: Higher trims are necessary for competitive mileage.
- Infotainment system quirks: Touch-sensitive controls may not be for everyone.
- Ride quality: Slightly firmer than some competitors.
3. 2024 Chrysler Pacifica Plug-In Hybrid – $7,500 Cash Back
A practical and eco-friendly family vehicle with a touch of luxury.
Pros:
- PHEV capabilities: Offers up to 32 miles of all-electric range.
- Family-focused design: Sliding doors, ample storage, and roomy third row.
- High safety ratings: Packed with advanced driver-assistance features.
Cons:
- Higher price: Costs more than standard minivans even with incentives.
- Slow charging: Relatively long recharge time on a standard home outlet.
- Cargo space: Less room in the back compared to non-hybrid competitors.
4. 2024 Lexus RZ Electric – $7,500 Cash Back
Lexus’ first dedicated EV blends luxury with sustainability.
Pros:
- Premium materials: Quiet, refined cabin with Lexus’ hallmark craftsmanship.
- Smooth driving dynamics: Effortless acceleration and handling.
- Standard AWD: Ensures excellent stability and traction in all conditions.
Cons:
- Shorter range: Falls behind rivals like the Tesla Model Y.
- High price tag: Expensive even with the rebate.
- Limited availability: Might be harder to find at local dealerships.
5. 2024 Jeep Grand Cherokee 4xe Plug-In Hybrid – $7,500 Cash Back
A capable off-road SUV that offers a greener driving option.
Pros:
- Off-road ready: Trail-rated with rugged capabilities.
- PHEV option: 25 miles of electric-only range for daily commutes.
- Luxurious interior: High-end materials and advanced tech.
Cons:
- Heavy: The additional hybrid components add noticeable weight.
- Expensive trims: Fully loaded models can cost significantly more.
- Mediocre all-electric range: Could be better for a plug-in hybrid.
6. 2024 Jeep Wrangler 4xe Plug-In Hybrid – $7,500 Cash Back
The Wrangler 4xe combines legendary off-road prowess with plug-in hybrid efficiency.
Pros:
- Iconic design: Rugged and unmistakable styling.
- Eco-friendly adventure: Electric-only mode for short trips.
- Strong resale value: Wranglers historically hold their value well.
Cons:
- Firm ride: Not as comfortable as other SUVs on paved roads.
- Limited range: Just 21 miles of electric-only driving.
- Pricey upgrades: Customizations and higher trims can quickly add up.
7. 2023 Ford E-Transit Electric – $7,500 Cash Back
This electric van is perfect for businesses looking to go green.
Pros:
- Eco-friendly workhorse: Fully electric drivetrain eliminates emissions.
- Versatile cargo space: Customizable interior for various business needs.
- Government incentives: Eligible for additional business tax breaks.
Cons:
- Short range: Limited to 126 miles on a full charge.
- Charging infrastructure: Still catching up for commercial use.
- High upfront cost: Even with incentives, it’s an investment.
8. 2024 Hyundai Ioniq 6 Electric – $7,500 Cash Back
The sleek Ioniq 6 brings futuristic design and impressive efficiency to the EV sedan market.
Pros:
- Aerodynamic design: Helps maximize range and efficiency.
- Fast charging: Ultra-quick DC charging capability.
- Tech-forward interior: Dual 12-inch screens create a digital cockpit experience.
Cons:
- Rear headroom: Sloping roofline compromises space for taller passengers.
- Limited cargo space: Sedan form factor reduces practicality.
- Premium trims are pricey: The best features come at a cost.
9. 2024 Kia EV9 Electric – $7,500 Cash Back
Kia’s new three-row electric SUV sets a high bar for family EVs.
Pros:
- Roomy and versatile: One of the few electric options with three rows.
- Sharp styling: Combines bold lines with futuristic design elements.
- Loaded with tech: Advanced safety and infotainment systems.
Cons:
- Pricey: Among the higher-priced options in its segment.
- Unproven reliability: A brand-new model with limited real-world data.
- Charging network dependency: Heavily reliant on fast chargers for long trips.
10. 2025 Hyundai Ioniq 6 Electric – $7,500 Cash Back
The 2025 model improves on Hyundai’s already impressive electric sedan.
Pros:
- Enhanced range: Expected to push the limits for EV sedans.
- Sleek design: Maintains the Ioniq 6’s signature futuristic look.
- Upgraded tech: Adds new connectivity features and driver aids.
Cons:
- Early pricing uncertainty: Final costs may still shift.
- Rear visibility issues: Sloping design limits rearward sightlines.
- Charging availability: Dependence on infrastructure for extended trips.
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