Ford and GM Offer Incentives to Lure Toyota Owners
Since Toyota has had to institute a massive worldwide recall, GM and Ford are taking advantage of the situation by offering special incentives to Toyota owners.
General Motors is offering Toyota owners a waiver of three lease payments (up to $1,000), 0 percent financing on any purchase for up to 60 months or a $1,000 cash back bonus. Ford is doing much the same, although they have extended their offer to anyone owning a Honda or related products due to a recall based on the Honda Fit.
The deals will last until the end of the month and could represent a good choice for car buyers who may or may not have been considering the two domestic automakers. Ford has received plaudits both for the new Focus and its Fusion, while the 2011 Buick Regal and the Cadillac CTS have earned GM respect among automotive journalists.
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.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- 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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