Huge Discounts Available on Luxury Hybrids
One of the worst performing sectors of the car industry have been luxury hybrids.
If you're interested in buying one of these cars, you're in luck.
Sales have been awful which isn't surprising considering we're coming out of a recession. Most people aren't willing to spend the extra money to buy a hybrid in the luxury class.
Lexus in particular is having a hard time getting rid of their 2009 LS 600h models. The 2010's have started hitting showrooms but there's barely room for them since the '09s haven't been selling well.
Lexus is now offering a $10,000 hidden dealer-cash incentive on the '09 model plus a $1,000 bonus to any salesman who sells one in October. If you've been considering this model, now is the time to act.
The Chevrolet Tahoe and GMC Yukon hybrids each have a $6,000 rebate. The Cadillac Escalade Hybrid also has a huge rebate, as high as $10,000 in some parts of the country.
On top of all this, Mercedes-Benz will introduce its first hybrid car next month followed by BMW sometime later this year or early next year.
My Recommendation for Car ShoppersTrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- Gregg Fidan
About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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