Ford Offering Great Incentives in February
Normally when you buy a car, you have to choose between cash back rebates and a low interest rate. Ford's new incentives for February allow buyers to have both.
Whether you choose to get a low percentage loan or cash back, Ford is offering a $1,000 promotional bonus in addition to either choice. The deal runs through February 28.
Small and medium size cars like the Focus and Fusion offer $1,500 cash back for 2010 models, while SUVs like the Expedition and Explorer come with $2,000 cash back. 0% APR is available for most models for a loan period of up to 36 months, with the SUVs leading the long term interest rates with a scant 1.9% for a 60-month term.
Interestingly, the Ford Ranger might be the best deal this month for buyers. A whopping $3,500 is available when one combines the cash back with the promotional award, for a vehicle which is generally cheaper than most mid-size sedans.
The venerable Mustang is light in cash back rebates, at only $500, but a 0% APR for qualified buyers on loans up to 60 months could be worth checking out.
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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