Best Car Deals for July 2009
Icing on the cake is the recently passed "cash for clunkers" bill which gives car buyers vouchers of up to $4,500 if they trade up to a more fuel-efficient vehicle. The program is scheduled to start July 23, 2009 and go thru November 1, 2009.
The best deals in July 2009 are going to be with Chrysler and GM, which are both coming out of bankruptcy and eliminating hundreds of dealerships. Car buyers are reluctant to purchase from bankrupt companies which helps drive the prices down and forces dealers to negotiate more.
Here are the incentives and rebates each manufacturer is offering for the month of July, 2009:
|Make||Rebates & Incentives for July|
|GM rebates for July 2009||(Includes Chevrolet, GMC, Buick, Cadillac, HUMMER, Pontiac, Saturn, Saab)
0% financing for up to 60 months on most models, cash back on some models.
|BMW rebates for July 2009||0.9% to 2.9% financing for up to 60 months|
|Chrysler rebates for July 2009||Large dealer cash incentives up to $6,000. Hidden dealer incentives of up to $4,000.|
|Ford rebates for July 2009||(Includes Ford, Lincoln, Mercury)
0% financing for up to 60 months. Rebates as high as $5,000 on some 2009 models. Payment protection for up to 12 months.
|Land Rover rebates for July 2009||0 - 1.9% financing on all models. Hidden dealer incentives of up to $5,000 on 2009 models|
|Toyota rebates for July 2009||0% financing on many models, rebates as high as $4,000 depending on region|
|Nissan rebates for July 2009||(Includes Infiniti) 0 - 4.9% financing on most 2009 and 2008 models. Up to $6,000 rebates on 2009 Nissan Armada and Titan. Up to $3,500 rebate on most other models. Hidden dealer incenties of up to $6,000 on Infiniti FX50, M45, and QX56|
|Mercedes Benz rebates for July 2009||1.9% financing for up to 36 months on most models.|
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