Large Incentives Being Offered Right Now
September car sales may have been slower than usual thanks to the lingering effects of Cash for Clunkers program, but car manufacturers have taken action this October to remedy that. Increased incentives are in store for leftover 2009 models and even a few brand-new 2010 models. Deals such as zero percent financing, cash rebates, and subsidized lease programs are great reasons for car shoppers to make their purchases now.
Some of the greatest incentives are those offered by luxury makers, which have been especially hard-hit by the recession. Look for good deals on 2009 models, including a $4,000 rebate on Chevrolet Corvettes and $6,000-$7,000 dealer incentives on the Saab 9-3 Convertible and the Saab 9-5. Additionally, Mercedes-Benz is offering dealer incentives ranging from $8,000 - $15,000 on its 2009 models to remedy its 13 percent drop in sales.
General Motors recently increased incentives on many of its models, even with the launching of its "May the Best Car Win" campaign which gives buyers a 60-day money-back guarantee.
Its Pontiac Vibe and Pontiac Solstice now come with a choice between $2,500 rebate and zero percent financing for 72 months. Besides that, GM is also offering deals on Saturn models, such as $4,000 off of the Saturn Aura Hybrid's sticker price of $26,000.
For those who have their eye set on a truck or a hybrid, you're in luck. GM has recently launched its yearly October Truck Month extravaganza, where you can find cash rebates and low-interest financing on trucks galore. But by far the best truck incentives are from Nissan. Its Titan pickup comes with either a $5,000 cash rebate or zero percent financing for 50 months and 1.9 percent financing for 72 months. As for hybrids, there are diesel credits on BMW's diesel models and cash rebates ranging in the $4,000s on Cadillac Escalades and Chrysler Aspens.
From pickup trucks to luxury models to minivans, it seems there are great deals on vehicles for everyone.
My Recommendation for Car ShoppersTrueCar, Edmunds, 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
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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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