Trucks & SUVs

Consumer Reports Shows Nearly $5,000 of 2021 Ford F-150 Incentives But You Need to Act Fast

The 2021 Ford F-150 just might be one of the most desirable vehicles out for 2021. Considering the unbeatable success of F-150 sales, there’s no doubt that the all-new Ford F-150 that now offers a hybrid powertrain for the first time ever will be in high demand. Consumer Reports shows that this full-size pickup truck offers nearly $5,000 in F-150 incentives for those in search of a deal.

However, you will need to buy your new Ford F-150 before March 1, according to Consumer Reports. Still, it could be worth it. Up to $4,650 cashback is a big deal. When you are making a deal for a new vehicle––whether financing or buying outright––every dollar counts.

It’s a large sum of money you’re laying out on the table. Trying to find ways to save a few thousand dollars is never a bad thing, right? So let’s check out this $4,650 cashback Ford F-150 incentive.

What is a cash back incentive?

First of all, what exactly is a cashback incentive? According to Car and Driver, it’s a bit more complicated than just buying a car and getting a check in the mail. Manufacturers are the entity generally offering the cashback rebate.

Executive Chairman of Ford Bill Ford poses for a photo with the 2021 Ford F-150 King Ranch
The 2021 Ford F-150 | Nic Antaya/Getty Images

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So if you are looking into Ford’s redesigned full-size pickup truck because of the F-150 incentive, then you probably want to learn as much as possible about the rebate. You’ll want to know whether it’s actually saving you money and whether there are any alternatives. In addition, it might help to know about negotiating with the dealers when a cashback rebate incentive is an option.

A cashback incentive is thrown into the mix when manufacturers want to sell certain models quickly. Dealers also want to move product off the lot. So there’s still the opportunity for negotiation on top of the cashback incentive that is already there. These types of deals are often seen during events like Toyotahon.

What are the alternatives to applying a cashback incentive?

There are times when instead of applying a cashback incentive, you can negotiate a lower interest rate for your financing. Usually, when there is a cashback rebate, that means there is an offer for 0% financing or otherwise low rates as well. However, choosing one typically eliminates the other.

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For example, if you take this Ford F-150 incentive of $4,650 cashback you could be missing out on lower finance rates. Sometimes in the long run the lower interest can save you a lot more money. But on paper, the instant gratification of a cashback rebate is more tempting than lower financing. In the end, it will depend on the specific purchaser and their budget and financial situation to make the best possible choice for them.

Is the 2021 Ford F-150 any good?

the 2021 Ford F-150 is already the top-rated truck of 2021, according to Edmunds. In addition, it’s the first modern full-size pickup truck to offer an integrated hybrid powertrain. This PowerBoost system can pair with an onboard electric generator that’s good for up to 7,200 watts of electricity when teamed up with the 2021 Ford F-150 hybrid powertrain.

A black 2021 Ford F-150 stands atop a hill
2021 Ford F-150 Pickup | Ford Motor Company

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Overall, it’s an innovative truck with a wide range of trims and configuration options. Plus it maintains its workhorse reputation. In short, you aren’t likely to regret owning one of these full-size pickup trucks––whether you choose the rebate or the low financing. But if you do want to take advantage of this offer, Consumer Reports says you need to act fast. It ends on March 1, 2021.