Better Car Deals Being Offered in July
If you're a holdout for better incentives and discounts, your waiting strategy looks like it may be a winner.
Disappointing June sales are forcing automakers to extend discounts -- including rebates and better loan terms -- on new cars and trucks.
Toyota is extending incentives through Aug. 2, including low- and no-interest financing - caused by fallout from its massive recalls.
Incentives for July are slightly better than they were in June, but don't expect rock-bottom pricing like last summer. Automakers are keeping inventories low so as not to require expensive incentives to move cars off lots.
Still, there are good deals to be had. General Motors is offering 0% financing across most of its brands, as is Ford and Nissan. Even Mini and Honda are offering low-interest financing.
Special lease deals are available too. Plus, if sales continue to slow, automakers may sweeten deals even more to clear 2010 models off their lots to make way for the 2011 models.
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