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Deals on brand new 2008 models still sitting on dealer lots is getting better as the year progresses. Never has there been so many leftover cars.
Manufacturers are getting desperate. Selling 2009 models is more difficult when there are tons of 2008 models sitting side-by-side. Therefore, the rebates and incentives have been steadily increasing. Here are some incredible incentives being offered on 2008 models:
| Model | Rebate |
| 2008 Ford F-150 | $7,000 |
| 2008 Chrysler 300C | $5,000 |
| 2008 Lincoln Navigator | $8,000 |
| 2008 Cadillac Escalade | $8,500 |
| 2008 Saab 9-7x | $10,000 |
| 2008 Hyundai Entourage | $4,000 |
| 2008 Nissan Titan | $5,000 |
| 2008 Toyota Tundra | $5,000 |
| 2008 Toyota Camry | $3,000 |
If you're looking to buy a new car, you're likely to get the best deal in areas where the recession is hitting hardest in terms of unemployment and foreclosures. The unemployment rate in California, Michigan, and South Carolina are all above 10% now while the foreclosure rate is highest in California and Florida.
On the flip-side, states that haven't experienced high unemployment or foreclosures such as Wyoming, Nebraska, and South Dakota are not having as many problems selling cars. Some dealers in those areas are actually doing better these days than they were a few years ago.
If you live in one of these states, consider that you may save hundreds, maybe even thousands of dollars if you purchase a car in California or Florida. have you been wanting to vacation in these areas? If so, negotiate with dealers in these states, then fly out and drive the car back home. Dealers are usually willing to give exceptional deals for people buying from out of state.
Be sure to use our Car Buying Strategy when negotiating a deal via phone or email.
Times have gotten so bad for some dealerships, they've resorted to setting their cars on fire (in an attempt to collect insurance). One dealer in Pennsylvania died of a heart attack while torching his vehicles.
The dealer owed nearly $500,000 in taxes which he couldn't pay. When we say dealers are desperate, we're not kidding. These guys are suffering the worst economic conditions since the great depression. If you can afford to buy a new car, this is the time to do it. With dealers desperate, you're sure to get a great deal and help out the economy at the same time.
To see the latest prices and deals being offered by your local dealer Click Here
Car Buying Report Archives:
- Apr 01, 2009 - GM and Ford Offer Job Loss Incentive...
- Mar 18, 2009 - Imports Finally Join the Incentive Bandwagon...
- Mar 11, 2009 - Plenty of 2008 Models Still Not Sold...
- Mar 04, 2009 - New Tax Credit for Plug-In Cars, February 2009 Sales a Disaster...
- Feb 25, 2009 - Hyundai Offers Assurance Plus, Saab Files for Bankruptcy...
- Feb 18, 2009 - 2009 Car Tax Credit Not as Good as First Hoped...
- Feb 11, 2009 - Tax Credit for Car Buyers in 2009, Rebates up over 12%...
- Feb 04, 2009 - Car Sales Worst in 27 Years, GM May Shut Down Hummer, Saab, and Saturn...
- Jan 28, 2009 - Chrysler Getting Desperate, Great Deals on Small Cars...
- Jan 21, 2009 - Unsold Cars Piling Up, Toyota Offers Cash Rebates...
- Jan 02, 2009 - GM Offers 0% Financing, 2009 Sales Will be Horrible...
- Dec 26, 2008 - Best Time to Buy a Car, Chrysler Offers Deals on Overstock...
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