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What does cashback mean when buying a car?

Best Answers

"Cash back" is a term frequently heard or seen in sales advertisements from dealerships. The dealers usually provide the price of the car and then stress that you can get cash back with signing. read more

A car buyer does have the option to receive the cash back amount as a check from the auto manufacturer. If you want the cash back as a check, tell the car salesman and he will make sure you complete the proper forms. If you intend to use the cash back as a down payment, the car dealer will credit the amount against the purchase price and file with the manufacturer to receive the money. read more