16 Cash Back New Car Deals

2016 Chevrolet Silverado 1500
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2016 Chevrolet Silverado 1500

Chevrolet has two cash back bonuses this month for the 2016 Chevy Silverado 1500 Crew Cab ($36,740). The first is a combination of 2.9 percent financing for five years plus $2,000 cash back. The second deal only includes cash back, with a $3,000 total cash allowance.

With the average new car loan rate at 3.31 percent (for a five-year loan), Chevrolet's finance offer doesn't save you much money. You'll save much more if you pick the $3,000 cash back offer instead. With this $3,000 cash bonus used as a down payment and a standard loan, you'll save about $700 over the course of your loan in comparison to Chevrolet's other offer.  

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